Jacinda is right that the govt's done heaps on housing supply - we've got record build rate supported by record govt build programme & fixing underlying constraints.
house prices were ~stable 2017-2019 but ultra low interest rates & cutting lvrs have poured petrol on the embers..
house prices were ~stable 2017-2019 but ultra low interest rates & cutting lvrs have poured petrol on the embers..
it's happened quick - the last 3 months have seen a 7.7% rise in house prices, 3.5% in October alone from this surge of speculative cash
Given this sudden surge, the govt is perfectly justified in saying it will search out solutions it didn't campaign on to target speculators...
Given this sudden surge, the govt is perfectly justified in saying it will search out solutions it didn't campaign on to target speculators...
the fundamental measures to fix the underlying housing shortage are working but they will take yrs. you can't magic up housing & the infrastructure it needs overnight
so, lets have tax measures that target speculators. lets licence landlords & strengthen healthy homes...
so, lets have tax measures that target speculators. lets licence landlords & strengthen healthy homes...
the goal should be a small, professionalised landlord industry that views tenants as customers and values them as such, with a lack of tax advantages and hurdles of professionalism to discourage speculators.
not easy, but can be done, and the public will back it.
not easy, but can be done, and the public will back it.