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National MPs lead the way in driving property prices up

National MPs lead the way in driving property prices up

Saturday 11th May

“If most New Zealanders have a love affair with home ownership then National MPs have a positive lust for property” says MANA candidate for the Auckland Mayoralty John Minto.

Parliament’s 2013 Register of Pecuniary Interests shows half National MPs own three or more properties. Many have a harem of four or five and one has no fewer than 20. Together National MPs own over 170 properties.

“Other political parties have a luke-warm love in comparison” comments Minto.

“More than anything this shows the difficulty in getting National to do anything effective about the housing crisis facing Auckland. When 45% of Auckland house sales are to property investors like National MPs then no wonder first home buyers are being priced out of the market. The most effective way to drive property investors away is a tough capital gains tax”.

“No wonder John Key isn’t interested – he’d face a revolt from his own MPs. Yesterday’s announcement will do nothing to make houses more affordable for those who need it the most. National cares more about enriching wealthy property investors than giving kiwi families access to their first home”.


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