National set to scrap $60 million first home owner grants.
https://www.msn.com/en-nz/news/natio...64f334de&ei=12
I guess you need to find savings to fund the $2.9billion reversal of interest deductibility for landlords. I did not think it was right to single out residential housing for this treatment re interest but then maybe we should be thinking as homes as something other than investment. You could still deduct interest if you were actually building houses and increasing supply rather than buying and sitting on existing houses.
I would take it as another reason to head to Aussie if you are young and Mum & Dad can't help you into a home here in NZ.
Chris Luxon is clear on his vision for NZ. It seems at least 55,000 young kiwis may not share it, but then again they are probably not his voter base. Maybe Chris's vision is more aligned to himself and his voter base rather than NZ as a whole.