[ad_1]
An aspiring first-time home buyer from Wellington has spoken of the heartbreak of losing a number of properties and his fears of never owning his own home again.
Your playlist will load after this announcement.
With the government scrapping a capital gains tax, some suggest that a land tax should be introduced. Source: 1 NEWS
It comes as the Government announces special fast-track legislation to accelerate developments on Auckland’s Dominion Rd, the former Sleepyhead factory in Huntly, and in Richmond near Nelson, creating 160 homes.
Jo Bowley and her partner want a place of their own to call home.
“We have a running joke now. We have done some bids and we always get $ 100,000 constantly, ”he said.
“Sometimes it feels like a full-time job preparing for a tender. You put your heart into these letters that you are writing to these providers. “
Jo and Ross say they have done their best and are in favor of a capital gains tax, something ruled out by Jacinda Ardern.
“We keep readjusting the sleep, the running puppy gets farther and farther away,” Jo said.
Arthur Grimes of Motu Research said there were significant land banks around cities and restrictions imposed by the council on starting development.
Says a land tax is the answer
“It can be a change from income taxes to land taxes. It will encourage development in and around cities, and it will discourage land banks. “
Ardern said she was asked for advice on what to do about banking, while National’s Nicola Willis says taxes are not the answer.
“If you want to get rid of the temptation of speculation, you need to free up more land for development.
“Let’s think about the people who are clinging to the earth right now. They are looking for a mountain of reasons not to build houses. “
It is estimated that between five and 20 percent of the land zoned for residential development in large cities is vacant or only partially developed, according to 2018 data.
While Jo and Ross want a home of their own, the government insists it is being built as quickly as possible.
