Nat/act/nzf 2023

[nztx]

Luxon claimed handing over more tax cuts to landlords (like him) would put "downward pressure" on rents.

Has that happened in this CPI?

Local bodies & Insurance companies probably swallowed it all in their increasingly greedy swipe

But then the extra mysterious tax swipe by Robbo was a Lefty's vanity snatch anyway .. Was there a problem
before that with housing etc (say back in the day of Clark & Cullen) before Labour tried to corner & control the Residential Property market by any means - fair, foul or imaginary when they thought they saw something they didn't like ?

[moka]

Which part of "the plan" can be attributed to falling inflation?
.................

Yet other things within the control of government continue to cause upward pressure on inflation. Things such as local body rates, prescription charges, and new government charges

Claiming even an ounce of responsibility for the declining inflation is right up there with the orange headed guy's more outlandish claims

Inflation was reduced through uncontrollable events and adrian orr knee-jerk.

While Prime Minister Chris Luxon claimed credit for inflation dropping, saying the fiscal strategy to cut public spending played a role that is not what the facts and figures say.

External Factors: The plunge in inflation was almost entirely due to offshore prices.
Tradeable Inflation: Dropped 1.6% in the year to September.
Non-tradeable (Domestic) Inflation: Remained high at 4.9%.
Global Disinflation: New Zealand is importing broader disinflation from the rest of the world.
Lower Petrol Prices: Played a key role in reducing inflation.

https://www.msn.com/en-au/money/news...nt/ar-AA1skwuG

[xafalcon]

Luxon claimed handing over more tax cuts to landlords (like him) would put "downward pressure" on rents.

Has that happened in this CPI?

The tax changes won't translate into any benefit for landlords until August 2025 at the earliest. So it's 12 months too early to assess the impact

Meanwhile local rates rise at ridiculous speed. Same with insurance costs. Same with R&M costs. Add the Healthy Homes cost. So these will offset any tax change benefit

And the tax changes weren't "tax cuts". They were the staged reintroduction of legitimate expense deductions that all businesses claim. No business pays tax on income, they pay tax on profit, landlording is no different. The tax change aligns with IRD definition of taxation

Just look at the effect of the red teams tax changes. Despite the red team saying it would have no effect, rent increased hugely and the rental pool decreased significantly. This wasn't a coincidence, and was widely predicted

[Balance]

While Prime Minister Chris Luxon claimed credit for inflation dropping, saying the fiscal strategy to cut public spending played a role that is not what the facts and figures say.

External Factors: The plunge in inflation was almost entirely due to offshore prices.
Tradeable Inflation: Dropped 1.6% in the year to September.
Non-tradeable (Domestic) Inflation: Remained high at 4.9%.
Global Disinflation: New Zealand is importing broader disinflation from the rest of the world.
Lower Petrol Prices: Played a key role in reducing inflation.

https://www.msn.com/en-au/money/news...nt/ar-AA1skwuG

Fair enough - as long as Labour takes responsibility for the high inflation and recession in the last 2 years.

[Daytr]

Yeah not there wasn't high inflation every where else in the world 🙄

Interesting the report points out staff shortages in health when the current Government is saying they need to do more with less.