Monday’s Chorus: Labour adds to housing buyer demand

Labour says it will expand the Progressive Home Ownership scheme to existing homes and increase the income cap, which is likely to increase first home buyer demand for the existing housing stock and push up prices.Photo: Lynn Grieveson / The Kākā

TL;DR: Labour has extended its Progressive Home Ownership scheme to existing homes, which will bump up house prices. National will promise later today to dump commuter rail schemes in Auckland and Wellington, but add $6 billion of motorways, without assessing the emissions affects.

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