Government Action To Cool House Prices Still Needed Despite Reserve Bank Change
Thursday, 25 February 2021, 11:25 am Press Release: Green Party
The Green Party welcomes the change in the Reserve
Bank’s remit to consider the impacts on housing when
making financial decisions, but housing affordability
shouldn’t be left to the Reserve Bank, Green Party
Co-leader and Housing spokesperson Marama Davidson said
today.
“It should not be left to the Reserve Bank to
solve our housing crisis.
“The remit change is good,
but there are other tools in the tool box that Government
must use to ensure that house prices and rents don’t
continue to climb.
“The Reserve Bank has to make
trade-offs with its other objectives, the Government itself
can and must do more.
“This includes a rapid
upscaling of public and community housing builds, as well as
implementing a wealth tax so that New Zealand’s wealthiest
can’t amass untaxed wealth that is plunged into property
speculation.
“The Green Party will continue to push
for a comprehensive approach to housing affordability so
that everyone has a stable home to live
in”.
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