Property
Sponsored by
mansons TCLM

The housing crisis 'lever' discounted by government

Oliver Lewis
Fri, 18 Feb 2022

The housing crisis 'lever' discounted by government
The government last year discounted changes to the rating system to encourage more productive use of land. (Image: Deposit Photos)
Oliver Lewis
Fri, 18 Feb 2022
The prime minister has argued the government is “pulling every lever we have available to us” to address the housing crisis.However, BusinessDesk has discovered one possible lever – described by a senior economist as a practical, “small” change – which was discounted by officials.The Ministry of Housing and Urban Development (HUD) provided a briefing to housing minister Megan Woods in January 2021 on increasing housing supply.In it, HUD said the Department of Internal Affairs (DIA) would be providing the loca...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
F&P Healthcare drags NZX 50 lower
Dan Brunskill | Wed, 25 May 2022

Markets were also surprised by RBNZ's plans to keep hiking the official cash rate until it hit 4%.

Property
Homeowners to feel pain next year when home rates hit 6%
Brent Melville | Wed, 25 May 2022

There's no need for leveraged homeowners to panic as interest rates ratchet up, but stress could start being felt downstream as more rate hikes seem on the cards.

Economy
Reserve Bank will hike but not as much as it says
Rebecca Howard | Wed, 25 May 2022

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager