PHOTO: The Prime Minister says she hasn’t seen “exponential” increases, after suggestions new policies might drive them up. Source: 1 NEWS
The Prime Minister says the Government is “keeping an eye on” rent prices to make sure they’re not outstripping the expected increases in people’s incomes.
It comes as one department’s official advice to the Government about its recent housing package was released today.
The aide-mémoire from the Ministry of Housing and Urban Development (HUD) to Housing Minister Megan Woods today showed the raft of changes being considered in the package would “potentially reduce the rate of property price increases (including by avoiding further speculation on existing properties) and could benefit first home buyers”.
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But the December 2020 document noted housing supply would not be increased.
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