An interest-ing change in housing policy
Author:Auckland Council Chief Economist, David Norman
Source:Auckland Council Chief Economist
- Recent housing policy announcements have been met with mixed responses.
- Rents probably won’t rise sharply, the bright line tax extension will make little difference, but interest deductibility will slow house price growth.
- Developers who have recently purchased land may pause to re-evaluate the feasibility of their development, but established developers are likely to push ahead. ...