Election year:
2023
Political party:
TOP
Associated politicians:
Policy:
Housing
- Removing the current Bright Line Test and allowing tax deductibility of interest for landlords, which is replaced by the Land Value Tax.
- Requiring a deposit of 100% of the value of an existing home when purchased for investment purposes. This ensures property investors don’t just use the value of an existing home to purchase another (reducing property speculation).
- Returning the GST on new residential builds back to local councils to fund infrastructure development.
- Clearing the public housing waiting list via the establishment of a $3 billion development fund for Community Housing Associations.
- Supporting urban densification for central cities and transit nodes. Councils will be required to demonstrate that they have enough land zoned for new residential housing in line with the NPS-UD and MDRS.
- Read more here