Capital gains tax to solve house-price affordability crisis?

An ANZ exec has suggested a CGT for NZ. (Image: BusinessDesk)

Thu, 07 Aug 2025

New Zealand should seriously look at introducing a capital gains tax as a means to nix the house-price affordability crisis, says a senior executive at the country’s biggest mortgage lender.The comment by Richard Yetsenga, the Sydney-based group chief economist and head of research for ANZ, came as he spoke about runaway house prices in Australia and New Zealand.“I know you [in New Zealand] don’t have a capital gains tax. It’s something you should look at quite seriously,” he told the Building Nations 2025 infrastr...

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