A $2 billion fund has been set aside for Kāinga Ora to buy land for housing, and National's housing spokeswoman Nicola Willis asked Woods about a land purchase in Auckland at 686 Swanson Rd. "I am told that Kāinga Ora entered a tender for that piece of land. Ten private sectors developers also bid for that land, and the Kāinga Ora tender blew every single private developer out of the water," Willis said. She said she had "faith" in Treasury's forecasts, which was reinforced by similar predictions of a cooling in the housing market by the Reserve Bank. "I was sitting here last year and we all thought we were going to see a collapse in the housing market."

Source: New Zealand Herald June 09, 2021 00:33 UTC