New Zealand housing crisis: Jacinda Ardern says rent-increase warnings are ‘speculative’

New Zealand housing crisis: Jacinda Ardern says rent-increase warnings are ‘speculative’

The Guardian

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Property investors have railed against last week’s policy changes, which sought to dampen skyrocketing house prices

New Zealand’s government is playind down the impact of its housing policy changes on rents, despite economists warning that they are likely to rise in response.

In a report responding to the housing policy changes announced last week, the ANZ Bank identified “the big negative externality [as] the possible impact on renters – the very people the government is trying to help into the housing market”.

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