Photo: RNZ / Marika KhabaziPrime Minister Christopher Luxon has defended reinstating interest deductibility for landlords, saying renters will be grateful costs are not being passed on to them. Luxon said the government had campaigned on it "because we care about renters in New Zealand". We have a major major supply challenge and social housing estate housing in New Zealand." You know, what we're doing on interest deductibility is making sure we lower you know, we we actually put downward pressure on rents for renters. "Our advice is that we're going to get downward pressure on rents, because essentially, the costs are not being passed through to renters."

Source: Stuff March 13, 2024 14:38 UTC