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Strypey
@strypey@mastodon.nzoss.nz  ·  activity timestamp 3 weeks ago

"If we end up attracting - under those Golden Visa programs ... it could be anywhere between NZ$2-5 billion per annum - it just means ... [that] more commercial transactions happens, more business happens, and it is [an] inevitable consequence of that, that property prices will increase. And then, when you're getting a few large acquisitions happening ... it will impact on the entire market."

#MarcusBeveridge, Managing Director, Queen City Law, 2025

https://www.rnz.co.nz/podcast/focusonpolitics/2025/FOCUS BUYERS

#housing

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Strypey
@strypey@mastodon.nzoss.nz replied  ·  activity timestamp 3 weeks ago

Beveridge goes on to bleat the usual talking points about how it's a good thing that these mega-wealthy overseas "investors" - who have no interest in settling here long term - are moving money into the country in the short term.

This is the same naive economical illiteracy that's plagued us since the 1980s.

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