Overseas radio advertisements for NZ property are claiming that foreign purchasers can count on collecting half the weekly wages (about $500) off renters. The ads are being run in Singapore, China and Malaysia. Singapore’s 90.5 Gold radio station plays the ad, asking listeners: “How would you like the people in New Zealand to give you…
John Armstrong has quite a good column in the NZ Herald today. I read it keenly, for I agree with a lot of what he says. He echoes criticism of the Key govt’s economic policy made here lately, and he obviously recognises there is a major problem with rising Auckland house prices. A much-anticipated return…
John Key has ruled out a capital gains tax as a solution to fast rising Auckland house prices. He says if the reserve bank thinks controls are in order they should propose any solutions they can come up with to Finance Minister Bill English. The Reserve Bank’s deputy governor, Grant Spence, said last Wednesday that…
Labour’s threat to introduce legislation to restrict overseas buyers from purchasing houses will have one instant and notable effect. If foreigners were putting pressure on prices before, it will be nothing like what is going to happen once news of Labour’s intent travels overseas. No matter what anyone thinks of the policy, its for sure…
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