Public Policy
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Budget 2024/25's spending allocations for Housing
11th Jun 24, 1:12pm
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This table outlines the New Zealand Government's planned Housing spending for the 2024/25 budget year.
Actual spending for the previous five years is on the left.
The numbers are drawn from Vote Housing and Urban Development.
Links to the primary source used, from Treasury's website, can be found at the bottom of the page. Please note that some of the allocation titles have been shortened for the sake of space. Figures for each allocation are in millions of NZ$.
| Actual 2019/20 | Actual 2020/21 | Actual 2021/22 | Actual 2022/23 | Estimate 2023/24 | Budget 2024/25 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 2.5 | 0.0 | 0.0 | 0.0 | 0.0 | Facilitating the Redevelopment of Surplus Crown Land | 0.0 | 0.0% |
| 27.5 | 0.0 | 0.0 | 0.0 | 0.0 | KiwiSaver HomeStart Grant | 0.0 | 0.0% |
| 1.2 | 8.6 | 0.0 | 0.0 | 0.0 | COVID-19 Housing Providers Operational Cost | 0.0 | 0.0% |
| 1.0 | 0.4 | 0.2 | 0.0 | 0.0 | Social Housing Provider Development | 0.0 | 0.0% |
| 0.0 | 0.0 | 13.0 | 0.0 | 0.0 | Sale of Land and Dwellings - Costs | 0.0 | 0.0% |
| 228.8 | 244.0 | 156.1 | 0.0 | 0.0 | KiwiBuild | 0.0 | 0.0% |
| 0.4 | 0.4 | 0.2 | 0.2 | 0.3 | Housing Assistance | 0.8 | 0.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | Authority for the Residential Property Management Regime | 1.1 | 0.0% |
| 2.2 | 3.1 | 0.8 | 3.4 | 4.3 | Capital Expenditure | 3.7 | 0.0% |
| 0.0 | 0.3 | 0.1 | 0.4 | 1.9 | Support Services to increase home ownership | 5.0 | 0.1% |
| 0.0 | 1.3 | 1.9 | 2.3 | 9.7 | Local Innovations and Partnerships | 6.2 | 0.1% |
| 1.2 | 47.9 | 44.2 | 9.0 | 77.7 | Increasing Māori Housing Supply | 17.8 | 0.2% |
| 0.0 | 0.0 | 28.4 | 29.2 | 26.7 | Contracted emergency housing accommodation and services | 27.8 | 0.3% |
| 0.0 | 0.0 | 0.0 | 0.1 | 29.1 | Buying off the Plans Programme | 28.5 | 0.3% |
| 23.6 | 23.1 | 23.3 | 23.2 | 30.9 | Community Group Housing | 31.5 | 0.3% |
| 50.6 | 80.7 | 39.2 | 62.0 | 80.0 | First Home Grants | 35.0 | 0.4% |
| 0.0 | 0.0 | 0.0 | 0.0 | 28.7 | Affordable Housing Fund | 35.2 | 0.4% |
| 0.0 | 0.0 | 0.0 | 11.1 | 13.4 | Amortisation of Upfront Payments | 42.6 | 0.5% |
| 48.6 | 62.2 | 74.5 | 78.2 | 79.4 | Porfolio Management | 61.0 | 0.7% |
| 0.0 | 45.8 | 34.8 | 38.8 | 89.9 | Infrastructure Investment to Progress Urban Development | 62.4 | 0.7% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Transfer of infrastructure assets to Councils and other Stakeholders | 65.0 | 0.7% |
| 0.0 | 26.7 | 18.1 | 70.7 | 188.8 | Progressive Home Ownership Fund | 96.0 | 1.0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 62.0 | Tāmaki Regeneration Company Limited - Equity Injection | 98.0 | 1.1% |
| 0.0 | 154.2 | 44.1 | 93.8 | 106.4 | Housing Infrastructure Fund Loans | 114.0 | 1.2% |
| 0.0 | 0.0 | 0.0 | 146.7 | 235.5 | Housing Programme Fair Value Impairment Loss and Inventory Disposal | 129.9 | 1.4% |
| 0.0 | 0.0 | 34.0 | 120.5 | 90.6 | Land for Housing Programme | 293.1 | 3.2% |
| 0.0 | 0.0 | 0.0 | 87.8 | 281.7 | Upfront Payments | 312.7 | 3.4% |
| 166.4 | 253.3 | 324.2 | 319.7 | 378.6 | Transitional Housing | 436.9 | 4.7% |
| 0.0 | 0.0 | 21.6 | 240.6 | 215.4 | Housing Acceleration Fund | 979.6 | 10.6% |
| 1,108.8 | 1,280.1 | 1,405.5 | 1,467.5 | 1,630.4 | Public Housing | 2,029.9 | 21.9% |
| 21.0 | 26.7 | 152.7 | 2,702.6 | 4,789.0 | Kāinga Ora | 4,343.2 | 46.9% |
| 1,683.6 | 2,258.9 | 2,417.2 | 5,507.8 | 8,451.4 | Total Spending | 9,256.8 | 100% |
| Less: Recoveries | |||||||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | Return of equity by Crown entities | 0.0 | 0% |
| 0.0 | 0.0 | 1.6 | 0.0 | 0.0 | Interest Unwind | 0.0 | 0% |
| 0.0 | 0.0 | 1.8 | 0.0 | 0.0 | Profit share arising from development agreements | 0.0 | 0% |
| 24.3 | 10.6 | 18.9 | 0.0 | 0.0 | Acquisition and development of properties under Housing Act 1955 | 0.0 | 0% |
| 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | Penalties | 0.0 | 0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | Other Revenue received from Third Parties | 0.0 | 0% |
| 0.0 | 0.0 | 0.0 | 15.0 | 15.0 | Other Revenue - Crown Entities | 0.0 | 0% |
| 0.0 | 0.0 | 2.5 | 3.3 | 1.7 | Rent | 0.2 | 0% |
| 57.3 | 94.5 | 18.9 | 25.9 | 32.3 | KiwiBuild Housing Sales | 24.0 | 0% |
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | Sale of Developments Underwritten | 43.0 | 0% |
| 81.6 | 105.1 | 43.7 | 45.6 | 49.5 | Total Housing | 67.3 | 1% |
| 1,602 | 2,154 | 2,373 | 5,462 | 8,402 | Net Housing | 9,190 | 100% |
You can get back to the main page that summarises all government spending here >>
Sources: You can download the data behind these tables from the NZ Government website here.
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