He won't.
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Interesting article in the Herald about the tension between the Reserve Bank, especially Grant Spencer and John Key regarding the housing market. As I am now leading the Sharetrader stock picking contest I think they both should listen to me.
I would think that Labour will be tidying up state houses as well, working out a correct treatment and prevention for P contamination issues (different scales), and in general the pricing for existing houses at the lower end of the market should settle back a bit. If you were a building materials supplier and the State rocked up looking for a bulk discount, and with a spotless credit record, I'm sure some deals would be done. Likewise, with land supply there is sure to be some crown land that will be in the melting pot. As for extra levied tax, why would that be needed, when the boost to the economy and the normal tax base will cover any shortfall in sales income.
Interesting quiz
http://thespinoff.co.nz/featured/11-...ittle-in-2016/
I'll own up - i got less than 50% right ....maybe should have read the question properly or something
I achieved 9/12 W69, should have done better I guess. One of those Key quotes sure sounded like it was Labour's. The charts do show a marked house inflation earlier in the 1999-2008 period. Everything went up, farm prices too. The difference is that this appeared to be based on real income increases. The Labour govt had a surplus every year, and paid off a lot of old debt. National hasn't done that at all. I think they have figured out that immigration can be a useful GDP-increasing tool. However, they're stretching the available infrastructure.
As one of the few posters brave enough to list Hamilton as my address, I couldn't resist this article.
http://www.stuff.co.nz/business/8199...y+12+July+2016