Unfortunately it looks as though it's shaping up to be a middle class housing programme where you'd certainly need that level of income to cope with the mortgage, with the current average expected to be $650,000 and rising.
The idea of the half gallon, quarter acre, Pavlova Paradise that people of my generation expected as they scoffed and watched the kids on the trampoline in the backyard is long since gone. These days it's more like a stubby, 150 square metres and a meringue cupcake if you're lucky.
National's making hay while the building blocks are being put in place, but there's no reason for them to crow. They did little in terms of a house building programme until their final months in government but at the same time refused to acknowledge there was a housing crisis.
Still it seems they weren't averse to our country's biggest technology institute Unitec in Auckland's Mt Albert selling off 30ha of land to housing developers, until Labour got a whiff of it which is where the education chalice has been shattered.
Labour snaffled the land for its KiwiBuild programme, promising an elusive 3000-4000 apartments and Coronation Street terraced homes.
Unitec's now in dire financial straits, with the Minister Chris Hipkins likely to sack the institute's council and replace it with a commissioner. One of the main reasons cited for the polytechnic's black hole is a fall in student numbers.
It seems you can't even give away an education these days!