David Bennett 
adsense

PHOTO: National’s David Bennett 

National’s David Bennett says Labour has “no idea” about the housing market as the second week after the Government’s changes to tax policy near an end.

Last week, the Government announced it would phase out the so-called “tax loophole” for property investors over four years. Investors responded by threatening to hike rents and pull out of the market.

Speaking to Magic Talk’s Sunday Cafe, Labour MP Greg O’Connor said investors had started to pull out of the old housing market, indicating the changes were working.

But Bennett, speaking to Magic Talk alongside O’Connor, disagreed.

“Nah, that’s just rubbish,” Bennett told host Nickson Clark. “The Labour party’s got no idea what the housing market is.

READ MORE VIA NEWSHUB