PHOTO: Chlöe Swarbrick. 1 NEWS
The Green Party’s housing spokesperson says landlords are crying “crocodile tears” after a year of amazing capital gains and falling mortgage interest rates.
The Government this week announced its plans to help first-home buyers into the market, by increasing the caps for financial support, and extending the bright-line test to 10 years.
Green Party MP Chlöe Swarbrick said following the announcement the loudest voice in the room has been the concerns of investors, rather than renters and sole home owners.
She said there’s a narrative focusing on “mum and dad homeowners” but a large portion of the country’s homes are owned by people who have a portfolio of properties.
“Thirty percent of the homes in this country are owned by people who own between four and more than 20 homes,” Swarbrick said.
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