Government prepares to take on housing market

The finance minister has signalled a crack down on property speculators with proposals to curb house price inflation going before Cabinet shortly.

Speaking today at the release of the Budget Policy Statement, Grant Robertson said as foreshadowed in January, the government will announce a rolling series of measures to build on what it did last term to address the crisis in housing.

“The first of those will be on the demand side measures which will come in late February. We all know that building more houses, particularly affordable houses, is critical. But we also can do more to manage demand, particularly from those who are speculating.”

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