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Construction expert on the rent-to-buy tweaks: "Plenty of ways to spin it"

Author
Newstalk ZB,
Publish Date
Mon, 31 Jul 2023, 9:07am
Photo / iStock
Photo / iStock

Construction expert on the rent-to-buy tweaks: "Plenty of ways to spin it"

Author
Newstalk ZB,
Publish Date
Mon, 31 Jul 2023, 9:07am

Plenty of ways to spin the Government's tweaks to its rent-to-buy scheme.

Changes to the Progressive Home Ownership programme will allow eligible people to buy existing homes, instead of just new-builds.

The income cap is also rising from $130,000 to %150,000.

AUT construction expert John Tookey told Kate Hawkesby that if you're in power you say it's a marvellous scheme that's done well and being expanded.

He says if you were in Opposition, you'd say it's been a disastrous scheme that's not doing well so you have to spin it out.

Tookey says the other view is to say you don't have much faith in new-builds and we're going to see a drop off.

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