Originally Posted by
SBQ
If you really want to curb the rising real estate prices.. just tax it. Don't allow those owning more than 1 house to sell (after holding for more than 5 years) where the gains are tax free. Those that have made gains in Kiwi Saver would be a fool not to use those funds to put into their 1st home. (ie transferring from 1 asset pool that is taxable vs the house asset that has tax free capital gain). This reminds me again, i've asked local financial advisors if they worked out the difference between owning a Kiwi Saver fund vs owning a house (where they can leverage). They always come back saying "that depends".