Budget comment: Milestone Homes

Budget comment: Milestone Homes general manager Stephen Murray

“After months of insecurity, we’re grateful to finally have some clarity on the way property investment will be taxed so we can get on with building the homes New Zealand so desperately needs.

“If the government is serious about boosting productivity and prosperity, curtailing property investment is not the answer.

“The residential construction industry is one of the few sectors driving economic recovery. It is worth billions every year.

“Yet the present level of house building is not enough to meet the growth in population. The country is crying out for more affordable homes. If investors don’t build them, who will?”

ENDS

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