A multi-million-dollar subsidy flows each week to landlords around the country – and the amount handed over is growing quickly.
But this isn’t the stream of private market capital gains, which deliver a serious windfall to property investors in years like the one we’ve just had. This is taxpayer money delivered from the Government.
The accommodation supplement bill is increasing rapidly: The supplement cost just more than $37 million a week in the September 2020 quarter, up from $27.1m in the June 2018 quarter and is nearly twice what it was six years ago.
https://i.stuff.co.nz/business/opini...-for-its-money