Written By:
mickysavage - Date published:
8:59 am, August 16th, 2023 - 87 comments
Categories: act, housing, labour, national, phil twyford, Social issues -
Tags:
There is a lot at stake at this election. A change in Government could see a radical change in direction for the country for the worse.
For housing it pays to recall what Labour inherited in 2017 which was basically a full blown housing crisis. National always denied there was one, but the briefing for incoming minister Twyford suggested otherwise.
From Henry Cooke at Stuff:
Official figures prepared for the new housing minister estimate a shortfall of 45,000 houses in Auckland, with supply of new homes well behind increased demand.
They also show serious shortfalls in Hamilton and Wellington leading to a nationwide shortage of 71,000, with new minister Phil Twyford saying his government have “inherited a disaster.”
The estimates, never publicly released, were included in a briefing for Twyford from his new ministry partially released to Stuff. It compares population increase with new houses actually built – not just consented.
In Auckland as of 1 June 2017 the Ministry of Business Innovation and Employment (MBIE) put the shortfall at 44,738 homes, following a huge growth in demand through 2013 to 2015 which a more gradual increase in completed new homes did not keep pace with.
Since then a lot has happened.
There has been a surge in new dwellings constructed to levels not seen before.
Over 12,000 new Kainga Ora units have been completed by the Government. This compares to a net reduction of 1,500 under the last National Government compounded by the fact that numbers of state houses were declining at a time when the population was growing quickly.
And house prices have stabilised and reduced from Covid money printing highs.
There are a number of reasons for this. Greater housing numbers is important, and the ten year bright line test, effectively a capital gains tax for some land transactions, has played its part. As has removing interest deductibility for rentals, changed to zoning rules allowing greater intensification and Government grants to Councils for infrastructure.
And preventing foreign nationals from buying houses.
The cumulative effect of this made Kiwibank predict that this year the housing crisis may be over. Time will tell.
For some there is still a housing crisis. The remedy is to keep building both public and private housing.
What happens if there is a change of Government?
It is clear that a National Act Government would:
And it appears National will also reverse the ban on foreign nationals from buying houses.
Ok, the cats out of the bag & yes, we're going to allow foreigners to outbid New Zealanders AGAIN & buy up all the houses built under this useless Labour government. But you don't have to worry about that. pic.twitter.com/avfkIvdy1F
— Christopher Luxon NatGPT (@rugbyintel) August 15, 2023
This all makes sense when you recall that Luxon himself owns eight properties. And National MPs are also multi property owners including Police spokesperson Mark Mitchell who forgot that he owned a property in Coromandel and had to issue an amendment to his Register of Pecuniary Interests.
It makes even more sense when you recall that Bayleys Corporation and Garth Barfoot of Barfoot and Thompson are regular donors.
Some on the left have criticised Labour for not solving the housing crisis quickly enough. Given the depth of the problem and the complexity of the solutions I am not sure this criticism is warranted.
Perhaps they could have resolved this more quickly. With the benefit of hindsight they used too much fiscal stimulation during Covid. But if you think that changing the Government will improve things I have a bridge I want to sell you.
The current rise of populism challenges the way we think about people’s relationship to the economy.We seem to be entering an era of populism, in which leadership in a democracy is based on preferences of the population which do not seem entirely rational nor serving their longer interests. ...
The server will be getting hardware changes this evening starting at 10pm NZDT.
The site will be off line for some hours.
Labour have already 'opened' up ..immigration.
Labour has to live with their 100,000 new homes debacle.
Labour have introduced some good measures to dampen the ludicrous housing ponzi,but need to do more.
National reversing the brightline,interest deductibility and defunding K.O will be catastrophic.
What amazes me is that you would think aspiring home owners ,parents who want their children and grandchildren to own their own homes and voters in general who are not property investors would far outnumber vested interests when….it came to casting a ballot.
The social ramifications are there to see,people in motels,cars ,on the streets..etc.
This is one vote Natz are guaranteed.
Banker who earns $2.3m from HNZ wins most lucrative contracts – NZ Herald
Those sales of State homes took place in 2015 and 2016.
John Key was PM then. Yes that Banker will support National as he benefited.
Why can't you let go of Twyford's error?
Megan Woods work in housing has been game changing. All graphs show that. Yet she is seldom mentioned on the Standard.
I think there would be problems with a change of Government, as they need money for tax cuts, not state houses.
They will find ways to trim any programmes, make them unworkable so they fail. Put their own ticket clipping operators in
and voters in general who are not property investors would far outnumber vested interests when….it came to casting a ballot.
Probably a large number of property owners now own their homes freehold, having benefited from decades of capital gains.
Very good…point.
Your final summation is valid except….
In this area there is no difference between National and Labour as the figures demonstrate. Sadly as well noted by Bernard Hickey's linked piece yesterday, this is ,and has been for some time, NZ's economic model, irrespective of administration
I don't think Labour can ever accuse National of using immigration as a tool for economic growth again.
The floodgates are well and truly open right now. In the middle of a Labour majority administration.
For me, the key difference is that National opened the floodgates to imported labour when we didn't need it, but it helped keep wage rises down so they encouraged it.
With Labour we actually need the extra workers because of the ageing population increasing demand for associated health services, plus a rebound after COVID but we can't get enough.
One could argue that immigration has been opened.
https://www.newshub.co.nz/home/new-zealand/2023/08/record-number-of-migrants-arrive-in-nz-as-kiwis-leave-in-droves-stats-nz.html#:~:text=There%20was%20a%20provisional%20net,in%20the%20March%202020%20year.
Different immigrants and different goals.
"A change in Government could see a radical change in direction for the country for the worse."
But it might not?
Based on nats slogan it will Chris.
You can trust them on that if elected as those backers will want a return on their investment
It will see a change for the worse. It could be radical which is terrifying. I don't sense any John Key incrementalism.
I was being cheeky. Yes, it definitely will see a radical change for the worse – not a matter of could!
that has been at stake since 2007 at the very least.
https://en.wikipedia.org/wiki/New_Zealand_property_bubble#:~:text=Nationwide%2C%20property%20prices%20increased%2080,than%20the%20pre%2Dcrisis%20peak.
please don't use a lot of bold, we need it for moderation.
ok.
"While house prices increased almost-continuously from the early 1990s, it was not until 2007 that the media started reporting an affordability crisis."
Unless you're wealthy, in which case the affordability crisis represents a "strong market".
This research paper was published only a few days ago and is topical.
https://www.rbnz.govt.nz/hub/news/2023/08/what-drives-rents-in-new-zealand
"Over 12,000 new Kainga Ora units have been completed by the Government. This compares to a net reduction of 1,500 under the last National Government compounded by the fact that numbers of state houses were declining at a time when the population was growing quickly."'
Can you provide a link to this data?
I became discouraged from reading the Kaianga Ora reports when I found the new builds reporting separated from the demolition of units reporting, making the actual delivery of usable units much less impressive.
If you have a table that shows all this information in one place, it'd be much appreciated.
"Labour delivers 12,000 more public homes"
https://www.beehive.govt.nz/release/labour-delivers-12000-more-public-homes
The Government's monthly housing dashboard.
https://www.hud.govt.nz/stats-and-insights/the-government-housing-dashboard/housing-dashboard-at-a-glance/#tabset
https://www.hud.govt.nz/
or OIA Kāinga Ora
Thank you!
Bookmarked…
The latest stats show an increase of a bit over 7000 in public housing (to the end of march2023)…the june quarter figures should be released any day and the annual report indicated an expected increase to 71,000 units of public and supported housing portfolio…an additional 350 units from march.
https://kaingaora.govt.nz/assets/Publications/Managed-stock/Managed-Stock-National-Summary-March-2023.pdf
You are right to be sceptical.
Why? The Beehive press release would have gone through dozens of eyeballs to make sure it was accurate. There is a footnote:
"Since October 2017, there has been a net increase of 12,017 public homes, with 9,917 of these being new builds (as at April 2023)."
And there is this weird dynamic where X increase is good but Y increase which is less is bad. It is an increase. If the net increase was 1 I would still celebrate it.
Yes an increase is better than not, however there is a significant discrepancy between the Gov claims and the data provided by Kainga Ora.
Heaven forbid that politicians would gild the lily
OIA Kāinga Ora. The Kāinga Ora dashboard linked @ 6.1 disagrees with your opinion.
No need to OIA…the information is freely available to anyone who cares to read it, including archived data from before Labour were the Government..
https://kaingaora.govt.nz/publications/oia-and-proactive-releases/housing-statistics/housing-statistics-archive/
Just trying to be helpful since you are having difficulty in accepting the facts.
The facts
Managed stock Sept 2017 63,209
Managed stock March 2023 70,649
Increase 7,440
The Kāinga Ora dashboard linked @ 6.1 disagrees with you.
There is no KO dashboard @ 6.1….there is however a HUD dashboard.
I think KO may know what stock they are managing as they are required by statute to report that information.
The dashboard consists of Kāinga Ora stats. Was it you that I had a discussion with last year over the government's announcement of adding 10,000 public homes? if memory serves there was doubt about that number then too. I sent an OIA to Kāinga Ora and they confirmed it with a link to the government's announcement which was https://www.beehive.govt.nz/release/10000-more-permanent-public-homes-added-under-labour-government and suggested for more information about the housing stock would be found on the Government Housing Dashboard, managed by Te Tūāpapa Kura Kāinga, Ministry of Housing and Urban Development
https://www.hud.govt.nz/stats-and-insight/the-government-housingdashboard/public-homes/.
Your memory serves you well: https://thestandard.org.nz/labour-poised-to-resolve-housing-supply-crisis/#comment-1907878.
It’s rather depressing to observe how fixed some people’s minds are 🙁
What is more depressing is the willingness of tribalist's to unquestionably accept anything 'their team' claims.
I will happily accept an increase of the claimed public housing since Labour took office WHEN a credible explanation is provided as to why KO's own records show otherwise.
Lois stated she OIA'd KO regarding the the discrepancy and was provided a link to the HUD site …or in other words no explanation…either the OIA request was poorly worded or the obligations under the Act were ignored.
As stated earlier KO are required by statute to provide the information in their stock level statistics so one could expect a suitable level of care and accuracy from that reporting.
Thank you for the link Incognito and I agree with you that it is depressing and tedious how fixed some people's minds are. Sheer denialism of the facts.
@Pat. You have been provided with the facts, yet you continue to deny it. As mentioned previously, the dashboard consists of Kāinga Ora stats.
'Lois'? The name is Louis. Your response is loaded with put downs and false assumptions.
'the OIA request was poorly worded or the obligations under the Act were ignored' Neither of your assumptions is true.
I have tried to post a screenshot of some of the relevant correspondence received from Kāinga Ora, but it didn't take and although I cannot provide a link to my personal correspondence with Kāinga Ora, the following is a direct quote: 'More information about our housing stock can be found on the Government Housing Dashboard, managed by Te Tūāpapa Kura Kāinga, Ministry of Housing and Urban Development here: https://www.hud.govt.nz/stats-and-insight/the-government-housingdashboard/public-homes/.'
Suggest you contact Kāinga Ora through https://kaingaora.govt.nz/contact-us/ or email Kāinga Ora at enquiries1@kaingaora.govt.nz for the 'explanation' you seek.
Louis…my apologies for incorrectly typing your name.
Re your OIA…you do not need to post copies of your OIA response(s), all that is needed is a clear explanation as to why KO's reporting states a stock level of public housing of 70,649 (as at 31 march 2023) whereas HUD claim (using you say KO data) a public housing stock of 78,064 (as at the same date)
If that was the purpose of your OIA then a referral to HUD dashboard is no explanation.
Demolitions/sales do not explain any difference as HUD claim a net figure
@Pat, again you are making assumptions. Just contact Kāinga Ora through https://kaingaora.govt.nz/contact-us/ or email Kāinga Ora at enquiries1@kaingaora.govt.nz to clear up your confusion and it will be explained to you.
It is obvious that you (nor anyone else here) can explain the discrepancy….and I suspect, nor can Labour (without looking dishonest)
@Pat once again with the baseless assumptions. What is bizarre is your refusal to contact Kāinga Ora to clear it up for you, because it doesn't matter what facts people post, you will still ignore and deny it anyway. I checked the OIA request I made last year and it included your links where you thought there had been a discrepancy. I received a fulsome response in 12 days, that backed the government's numbers.
The figure of 7440 may be a net figure after disposing of some units.
Refer to link @6.1
Thanks, pat. Another bookmark.
" If the net increase was 1 I would still celebrate it."
Really?
Given the resources expended, that would deserve criticism not celebration.
[the new builds reporting separated from the demolition of units reporting, making the actual delivery of usable units much less impressive.]
The 12,000 figure will still be valid if the demolished units were in fact unusable.
That's could be true but not necessarily true for all. Better detail allows for better analysis.
eg. Why unusable?:
– was maintenance not kept up appropriately,
– was there weather damage,
– was there tenant damage,
– is demand in that area low or non-existent etc?
It is interesting that the image used for this post is about the human right to housing.
Labour have made some progress, yes, but housing as a right has not been taken seriously by this government.
The UN provided a 27 point plan, number one being recognising housing is a human right:
https://www.scoop.co.nz/stories/AK2107/S00018/un-declares-new-zealands-housing-crisis-a-breach-of-human-rights.htm
The Human Rights Commissioner earlier this year:
https://www.stuff.co.nz/business/300921655/govt-must-recognise-housing-as-human-right-commissioner-says
They have found, of the seven measures the HRC uses, only one has had any improvement:
https://housing.hrc.co.nz/measuring-progress
We need bolder action, underlined by a commitment to housing as a human right. This will only happen through increased pressure from the left, it certainly won’t happen under NACT+NZF.
Well, all that can be said to that is this:
Should Labour do better. Hell yeah.
Should people vote Labour/Green or National/Act/NZ First if they want to improve housing then the response is very simple.
[Labour have made some progress, yes, but housing as a right has not been taken seriously by this government.]
We don't know that, because since all new houses, both public and private sector builds, would have to be seen as contributing to meeting need for the human right to housing.
https://www.nzherald.co.nz/nz/chloe-swarbrick-un-enshrined-human-right-to-housing-eclipsed-by-investor-greed/DXNIFZJJ7NBRVBG7CY74O27JCM/ my italics
The concerns and reports of the UN and HRC let us know that builds are not all that is necessary to treat housing as a human right. Labour's continued refusal to make any tax changes to disincentivise property speculation is more evidence of their lack of seriousness.
Also infuriating that National is just chucking away the joint signed agreement they made with Labour on housing development and density.
Stupid shallow political tactics that leaves Auckland, Tauranga, Wellington and Christchurch in a major future mess.
Now show us the social housing waiting list figures from 2017 to now…
Labour have failed our most vulnerable when it comes to housing. To suggest otherwise, doesn't stand up to scrutiny.
Do you think there is any validity to the claim often made, that under national homeless couldn't get on the list , which changed when labour got elected, which I'd what in part has driven the explosion in numbers.
Yes, the numbers now reflect the true need that was denied under the previous National government.
Hi Louis. I have linked this before…but in case you hadnt seen.
It was on Liz Craig Mp's facebook. She is great. Bit of a shame she's down on the list tho…
Keep up the Fight !
Excellent, thanks for that. I hadn't seen it.
Liz is good, but unfortunately for her Penny Simmonds is outstanding.
Yay Penny…and our new insect overlords : )
You keep your white flag flying.
I..for one, will keep fighting them.
National fudged the numbers on the housing wait list by removing people from it and making it harder for people to get on it.
2011: "Thousands to come off housing list"
https://www.nzherald.co.nz/nz/thousands-to-come-off-housing-list/MI2RAMFK4VC2YX4M5VVFFDDLIY/
2013: "All Housing New Zealand tenancies will be reviewed to ensure state housing is focused on people with the highest housing need, Housing Minister Nick Smith says"
https://www.beehive.govt.nz/release/reforms-focus-state-housing-highest-need
As a result of administrative changes to the way housing assessments have been carried out, a decrease in the size of the waiting list does not necessarily mean that housing need has decreased or vice versa. Changes in the size of the waiting list may also be the result of how user-friendly the application process is, the perceived likelihood of success in finding a social house and the willingness of applicants to seek help.
In 1998 there were 8,691 applicants on the State Housing Waiting List. After the exclusion of lower priority applicants in 2011, the waiting list did not return to this level until June 2018 (8,704). Housing New Zealand identified in 2011 that: “As at 30 September 2008 there were 3,166 applicants (excluding transfers) on the waiting list with a priority (‘A’ or ‘B’) housing need. By 30 September 2011 this had fallen to 1,971.
The decline in the waiting list appears to be linked to the introduction of the Corporation’s Options and Advice service, which was implemented nationally in June 2010. In the 12 months before implementation, around 56 percent of customers seeking housing assistance from the Corporation had a housing needs assessment. In the 12 months following implementation, this had decreased to 32 percent”
https://planning.org.nz/Attachment?Action=Download&Attachment_id=5492
"Reforms last year saw Housing NZ stripped of its responsibilities in terms of placing people in their homes and managing eligibility wait lists"
https://www.stuff.co.nz/national/10584635/Government-to-shift-away-from-state-houses
+1.
2014: "Prime Minister John Key has signalled a major shift away from government-run state houses"
"The Government was not in the best position to delve into tenancy management, property management and maintenance, and property development"
"Reforms last year saw Housing NZ stripped of its responsibilities in terms of placing people in their homes and managing eligibility wait lists"
https://www.stuff.co.nz/national/10584635/Government-to-shift-away-from-state-houses
2016: “Axing Housing Minister title a way of ‘denying crisis”
https://www.rnz.co.nz/news/political/320747/axing-housing-minister-title-a-way-of-'denying-crisis'-labour
2017: National left a nationwide housing shortage of 71,000 MBIE figures show.
https://www.nzherald.co.nz/business/mbie-figures-show-nationwide-housing-shortage-of-71000/55NUUYNFWZA3OJTTDCHF7W3T4I/
2023: "207,000 additional homes in 6 years. 18,000 of them through the government build programme (1,200 last month alone). 10% of homes in the country were built since Labour came to power. the biggest housing boom in NZ history"
https://twitter.com/ClintVSmith/status/1684839547073675264
Housing is like a horror movie under Labour.
If National win, it will be like an disaster or apocalypse movie, choir and all.
Labour is awful, National is horrific.
Consents are not built houses. Repairs are not new builds.
It is truly ghastly out there trying to find a home to live in whether you're renting or trying to buy.
On top of existing pressure, We only build about 27 K homes a year in NZ and are letting in over a hundred K immigrants.
National will build less houses, allow foreign ownership, double immigration rates, rollback tenancy rights and any legislation on landlords or investment properties.
It will be an apocalypse.
I genuinely think, as angry as kiwis are ATM, there's only so much more that kiwis can be expected to take before shit gets ugly.
We're either going to see a furious collective public movement on the left or a far right populist Swedish democrat/ German AFD style party emerge in the next ten years, as has happened in nearly every European country with proportional representation.
'Housing is like a horror movie under' National that left a housing crisis that they denied existed.
Doesn't look like National intends to build any houses at all, like wanting China to build its rons, National wants to fund councils to do it, and we all know how that will turn out.
Straight after bagging Joe Biden, Heather Stupidity-Allen interviewed her
grandfather,father, husband about National reinstating foreigners' rights to buy Kiwi homes from under our feet.The old timer claimed it was Andrew Little who coined the phrase, "Chinese sounding surnames"…
I thought it was John Key when he attacked Labour over using leaked real estate data.
Could be right. The direct source of the quote would be interesting because perhaps now it is attributed to no-one, as is the way of the media.
BTW, I am a sometimes contributor to media and the number of times they have no idea who did what and simply do not care is depressing. Steven Joyce levels of don’t give a fuck.
It was Phil Twyford. A barely disguised hint as to which foreign nationals were buying up the homes. The Nats accused him of racism. The Chinese were buying up the homes in droves. There was some sort of deal going down where Chinese citizens were getting State money to make the purchases.
That was roughly what happened anyway.
Yes, Anne. I thought it was Twyford, and that seems to be where the attribution now lies (not that Soper would know that).
But Louis' comment has made me doubt, who actually said those three words, "Chinese sounding surnames", if indeed they were said by anyone.
I can't find a quote where Twyford actually said 'Chinese sounding names' but there are many examples of media using it.
Twyford did say that 'People of Chinese descent bought 39.5% of houses'
https://www.rnz.co.nz/news/regional/278528/labour-property-claims-'shonky'
"He said he regrets the episode made Chinese New Zealanders feel "unfairly targeted", but he was trying raise the issue of Chinese money flowing into the housing market"
https://www.rnz.co.nz/news/political/366730/twyford-regrets-chinese-nzers-felt-unfairly-targeted-by-2015-survey
I've found a quote from Susan Devoy (then Race Relations Commissioner) on the 15/7/15
https://www.nzherald.co.nz/nz/chinese-buyers-deserve-better-than-being-blamed-for-aucklands-high-house-prices-devoy/LD6NXFKFR5DB2PDSJ2WR53TENA/?c_id=1&objectid=11480147
This is 5 days after the Twyford announcement – so there may well be earlier instances.
On the 11/7/15 (I think, the day after Twyford reased his analysis) Shamubeel Eaqub used a similar (but not exactly identical phrase) buyers with Chinese and Indian surnames"
https://www.stuff.co.nz/business/money/70155168/labours-half-baked-property-data-turns-chinese-buyers-into-scapegoats
And just found a piece from NBR by journalist Kevin Ng on 11/7/15, which uses the phrase "people with Chinese-sounding names" in relation to the Twyford issue.
https://www.nbr.co.nz/twyfords-offshore-buyer-claims-made-up/
From memory he used the expression "Chinese sounding surnames" during a stand up about foreign nationals buying up houses in Auckland. This situation had become a major discussion point because so many people were witness to it occurring in their immediate neighbourhood. A home next door to me was one of them and several others around me were purchased by off-shore Chinese buyers. What was upsetting people, including me, is that many of them were left empty andstarted to fall into disrepair. Then a few years later they were hogging them off at the new grosslyinflated prices.
The Nats and ACT pretended to be unaware of what was happening and accused him of racism. Iirc he was told to apologise for using the expression which was ridiculous because it was true and most Aucklanders knew it.
I
Oops… think I got a wrong word there. Hawking would have been better.
I'm pretty sure it was Phil Twyford.
I'll still deliver flyers for them, and try help reelect our local MP, but this will be the first time in my adult life I won't be voting Labour.
It was painful seeing JA squander the opportunity to take something substantial into the 2020 election, when polling leading up to it had Labour around 60% at one stage. But nothing has ever made me more ashamed than the GST policy.
Robertson, Parker, and Russell knew it was a dog and had called it such openly. Chippy knows the best case scenario is maybe a dollar being passed through in savings. Fruit and veges have such price elasticity of supply there is no way anyone, including a grocery commissioner, could ever accurately judge if the savings were passed on. Seasonality, weather impacts, bad harvests. The only people who will gain from this is the supply chain.
The galling part is they know this, and yet Chippy was clearly allowed to make his captains call. A call that knowingly misleads our most desperate into thinking they will benefit from this policy when they won't see any material difference. He's selling false hope to desperate people and costing us billions in doing it.
Meanwhile, the people I know tat are struggling barely buy fruit and vege. They can't afford it. I can't support Chippy now. I don't want him as Labour leader or Prime Minister. This election sucks.
Indeed
It’s interesting Mr Nolan, the pattern of your answer follows one given before.
Apparently a Labour stalwart of 60s years, this lady said as you did, the GST policy was it for her. Which is strange given all the upheavals of the past 60 years.
It’s an odd thing to be so committed to a cause as to campaign for it, but not to vote for it. And there are many many things to be ashamed of in Labour. It’s climate response. It’s shielding of army et al, even after the atrocities by our Australian counterparts. The insistence a wealth tax won’t work at this time. The continuation of oil drilling permits. The slow speed of action on modern slavery legislation.
Your story could be a true one. But it does also follow a pattern on concern trolls trying to suppress the Labour vote.
Particularly on this thread which is talking about how National are blatantly just inflating their own property values again. Which makes your point a derail.
newsense
Get your scepticism, but I have been a member of Rangitata Labour since 2011. MickySavage is friends with me on FB, he could verify I've been a staunch Labour supporter and promoter for that time.
Yes, all good; you’re legit.
[The only people who will gain from this is the supply chain.]
You know this do you? Let's just wait and see, shall we. Of course we may need to take steps in the early stages after its introduction to ensure this doesn't happen, but once the market has adjusted to the change there shouldn't be any more profiteering, from this source, than goes on at present anyway.
Of course the purists will put up any old argument, valid or not, that they can muster to ensure that this measure will never see the light of day. Another argument we see, for example, is that the wealthy will gain more than the poor from such a policy; but, so what? The wealthy will scarcely notice the difference, but not so the poor. And this is in addition to the argument that overseas countries are envious of or GST system, but when has that ever been a valid argument? Why should we bother with what other countries think?
And, let's face it, The regressiveness of GST is well recognised anyway. I would tend to advocate scrapping GST altogether.
It does indeed. Maybe a strong Green and TPM vote and some luck that NZF doesn't make it into parliament, and then Labour replaces Hipkins after the election (given the Greens' position of keeping the cross benches as an option and Hipkins having ruled out a wealth tax despite the GP policy including an income tax cut for most people).
Today’s economist bullshitting us:
Apparently the foreign buyers had no impact on the housing market, so time to throw it open and can-can! 22% of the central Auckland market is insignificant. Don’t worry about that voters.
More experts on top of experts being rolled out in support of National party policy. More reasons to absolutely distrust them.
https://www.stuff.co.nz/national/politics/132752842/national-party-under-pressure-to-reveal-foreign-buyer-policy