The Green Party's housing spokesperson says landlords are crying "crocodile tears" after a year of amazing capital gains and falling mortgage interest rates. "Thirty per cent of the homes in this country are owned by people who own between four and more than 20 homes," Swarbrick said. Auckland investor and developer David Whitburn told Morning Report this week investors relying on rental incomes in their retirement are being unfairly penalised by the changes. Swarbrick said less than a third of New Zealand houses are owned by people who only own one house. She said a "deficiency" of the government announcement did not include any new buildings, particularly new supply of public housing.

Source: New Zealand Herald March 24, 2021 22:07 UTC