Kerre McIvor: Government are clueless when it comes to housing

Author
Newstalk ZB,
Publish Date
Fri, 14 Feb 2020, 4:13PM

Kerre McIvor: Government are clueless when it comes to housing

Author
Newstalk ZB,
Publish Date
Fri, 14 Feb 2020, 4:13PM

A $300 million boost for emergency housing aims to get people out of motels.

A thousand new transitional houses will be ready by the end of the year as part of the government initiative.

Housing Minister Megan Woods says those who do stay in motels for more than a week will have to pay 25 percent for it.

Also making news today, a call to introduce a capital gains tax and limit how much money wealthy people can borrow has been labelled 'nonsense'.

The latest Helen Clark Foundation report recommended the new restrictions, in a move to drive down house prices.

It states the decades-long property investment boom has created windfall gains for property owners, the real estate sector and banks at the expense of people's basic need for shelter.

Kerre McIvor shares her thoughts on the two issues.

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