Hi Pat. I think that ChCh is a bad example. Since the earthquake the city has spread out hugely to the west, north west and south west. In the east of course, which has historically been lower cost housing, its just one huge barren landscape in many areas. The whole market is totally distorted.
The new dwellings are all of a certain type. Flashy, expensive and not really good rental material. So, I would strongly disagree that supply has increased
in the rental market.
Agree with you re excess liquidity, along with interest rates sub 3% and the wrong incentives (lack of Capital Gains Tax).
Siouxsie Wiles & Toby Morris: The Covid vaccine is a delicious great big slice of cheese
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Live updates, February 17: Cabinet meeting to decide on alert levels, announcement soon
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The Bulletin: Why the lockdown is being lifted
Good morning and welcome to The Bulletin. In today’s edition: Why the lockdown is being lifted, last NZ troops to leave Afghanistan, and efforts to recover Pike River bodies come to an end.
We got the news yesterday that the alert levels will be shifting down to level two for Auckland, and level one for the rest of the country as of today. It came amid new cases in the cluster being announced, both connected to the student at Papatoetoe High School. To the best of our knowledge the spread has been contained. However, with new cases being announced, why was the shift made?