PM’s Post-Cab Press Conference. Easter Trading
and Auckland Housing.By Francis Cook
In today’s Post-Cabinet press conference, the Prime Minister and Hon. Michael Woodhouse outlined an amendment to allow local councils to create bylaws which would allow for trading on Easter Sunday. More on this story here.
Woodhouse acknowledged the anomalies in the current health and safety legislation before the house. When pressed on exemptions and low-risk categories for high-risk occupations, Woodhouse said the bill will be adapted as applicable.
John Key said the tourism industry has reached a new milestone with three million visitors coming to New Zealand within the past year.
On the Reserve Bank decision to limit investor LVR limits, Key said the Auckland housing market is not yet at a crisis point and that the New Zealand banking system is very healthy. Regarding the market being 45% investment, Key it is likely they are mostly New Zealanders.
Key said markets go up and down and it is “misguided” to believe Auckland house prices will go up forever.