Roosting chorus: Intervention staged
Robertson asks Orr to try not to pump up house prices any more; Govt may extend brightline test & tighten ring-fencing for landlords, but again rules out wealth or land tax or bigger state house build
TLDR: The Government finally took what appeared to be some concrete action today to try to dampen the fire raging in the housing market, but again held back from using its biggest hoses and is intervening well after the blaze has taken hold.
Grant Robertson wrote to Adrian Orr this afternoon suggesting the Reserve Bank try not to unnecessarily cause too…
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