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2 Mar 2021 4:30
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  •   Home > News > Business

    The Government's keeping quiet about any plans to fix the housing market

    The Government's keeping quiet about any plans to fix the housing market


    Prices have skyrocketed by 25 per cent over the past year and interest rates are on the floor.

    Before Christmas, the Government sought advice on extending the brightline test from the Reserve Bank.

    It would mean houses, other than family homes, sold before five years since purchase attract a capital gains tax.

    Finance Minister Grant Robertson claims they'll announce some ideas over the coming months.

    But he says it's a long-standing issue which requires supply increases and a better management of demand.

    © 2021 Newstalk ZB, NZCity


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