Larry Williams Drive

Kāinga Ora is under fire after Wellington's Dixon Street Flats were re-sold for almost triple the price. The Government housing agency initially sold the flats to Taranaki Whanui earlier this year for just over $1 million. Nearly three weeks later, the flats had been re-sold to a prominent Wellington developer for $3 million - a move Kāinga Ora has gone on to defend. Wellington City Councillor Ben McNulty says this won't be good for the taxpayers - but the opportunity cost of potentially bartering for ages was higher. "From a Wellington perspective, we're just glad to see something happening." LISTEN ABOVESee omnystudio.com/listener for privacy information.