INDEPENDENT NEWS

Government Action To Cool House Prices Still Needed Despite Reserve Bank Change

Published: Thu 25 Feb 2021 11:25 AM
The Green Party welcomes the change in the Reserve Bank’s remit to consider the impacts on housing when making financial decisions, but housing affordability shouldn’t be left to the Reserve Bank, Green Party Co-leader and Housing spokesperson Marama Davidson said today.
“It should not be left to the Reserve Bank to solve our housing crisis.
“The remit change is good, but there are other tools in the tool box that Government must use to ensure that house prices and rents don’t continue to climb.
“The Reserve Bank has to make trade-offs with its other objectives, the Government itself can and must do more.
“This includes a rapid upscaling of public and community housing builds, as well as implementing a wealth tax so that New Zealand’s wealthiest can’t amass untaxed wealth that is plunged into property speculation.
“The Green Party will continue to push for a comprehensive approach to housing affordability so that everyone has a stable home to live in”.

Next in New Zealand politics

Government To Phase Out Live Exports By Sea
By: New Zealand Government
New Zealand’s New Housing Policy Is Really Just A New Tax Package — And It’s A Shambles
By: The Conversation
Emissions Report Shows Urgent Action Needed
By: New Zealand Government
ACC’s Policy Of Not Covering Birth Injuries Is One More Sign The System Is Overdue For Reform
By: The Conversation
Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint
By: New Zealand Police
Drug-testing Law To Be Made Permanent
By: New Zealand Government
Emotive Live Export Ban A Kick In The Guts
By: ACT New Zealand
World Leading Live Export Ban Means Thousands Of Animals Will No Longer Suffer Overseas
By: SAFE NZ
Feds: Live Export Ban 'surprising'
By: Federated Farmers
NZ Becomes First In World For Climate Reporting
By: New Zealand Government
Photographs Taken At Police Checkpoint Unlawful
By: Independent Police Conduct Authority
View as: DESKTOP | MOBILE © Scoop Media