Labour’s raft of new housing policies are aimed at taking the heat out of New Zealand’s property marketEconomists, academics and advocates say the Government’s latest moves to tackle the overheated housing market will help first home buyers – if they can afford current prices. Supplied Economist Shamubeel Eaqub said the measures appeared to have irked property investors, so the government must be doing something right. He said the policies getting the most attention today mainly addressed only the first of two drivers behind house prices – speculation. Eaqub said the measures appeared to have irked property investors, so the government must be doing something right. The New Zealand Property Investors’ Federation voiced their displeasure today by theorising that advantaging first home buyers would disadvantage renters.

Source: Stuff March 23, 2021 04:52 UTC