新西兰Phil twyford's interview
在新西兰
https://www.interest.co.nz/prope ... tors-and-opens-door
Summary:
1) overseas investments Act - working on it, law change will be the end of the year.
2) Bright line test - from 2 years to 5 years. Easy fix, just change the tax regulations.
3) Investors' negative gearing to claim tax losses: will be closed and will be part of the 100 days plan. Easy fix, just change the tax regulations.
4) How to increase the housing supply: Urban Development Authority will be set up. Gov't will inject $2 billion for startup.
- Housing NZ will be NZ biggest landlord, continue giving subsidised housing to families.
- "kiwi build" will sell $550K housing at costs to first home buyers, partly subsidised by the government, can be "rent to own" arrangement
- If necessary, will use Public work Act to acquire more land.
- Increase construction sector workers ( through training locally and from overseas workers) for this initiative.
- More spec houses to lead to lower costs, incentives to companies who can build lower costs houses
Nos 4 will be challenging and a lot of puff, he doesn't sound too sure, and whether have resources to do it, it is beyond his depth... may be buying more time for next election.
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one "house" per hour??? hahahaha, simple maths, simple science, not rocket science
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我不信任能炮制出“Chinese-sounding names”这种说法的人
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It might make a mess out of the whole thing, we will see.
Too many freebies to get themselves into the governing seat, it will be another Greece in the making (potentially).
Look at the people in the labour cabinet, (the other day) the standing in PM ( kelvin Davis), make a joke out of himself, who can't even do simple maths and have little clue of his own party policy.
- If you look at the current Finance Minister, google his name, you will know his background.
- The PM is from the 3rd tier university ( Waikato Uni), a degree in Communication, talking is her speciality. haha..
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He’s full of crap
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政策可以看出，非常聪明的一个部长啊。井井有条
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期待前3项能按时实施呀！！既然简单，那就先从容易的来呗
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前三条解决了，第四条就不是那么迫切了，加上移民的减少，也就不需要那么多的新房了。
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稳步推进，年底就能禁止外国买家，算是快的了。
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Ring Fencing tax loses has other implications on companies tax and other investment classes, not just property investors, so, it might require some works.
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If necessary, will use Public work Act to acquire more land.
我就想知道这条是怎么做到的
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How can Public Work Act be used?
public work Act (PWA) can be used in "rare circumstances" as the minister pointed out.
It can possibly mean, if the land is locked because of a certain landowner whose land is blocking or hampering the development, then Urban Development Authority might consider invoking PWA.
Certain process and procedures under the Act will need to be observed to obtain "fair market value" and to respect owner's property rights.
- market valuation /registered valuation process and if owner not happy, the Land Valuation Tribunal will decide for them.
A typical example is the houses being acquired by Land Transport Agency for Waterview tunnel, the same process was observed.
It is not a difficult process to achieve the outcome that the Government wants.
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加油~到时候房价被打压~
房哥准备来接盘~1万刀一套~不限量现金收购奥克兰房产~
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We only lack one thing now:
FEAR, at the moment there is no fear in the market.... Unless there is a global event, natural disaster, Crisis, War ( North Korea-USA), that bring people (government) to the knees.
When John key became PM, it was during GFC, he showed humility and careful with spending and NZ Economic slowly to outperform other countries over time. This round Labour inherited a healthy balance sheet (& money that National saved), they can be arrogant and spend like no tomorrow and just wait for disaster to happen.
Just yesterday, labour proposed to spend $4 million for tax group advisors ( michael cullen) to see if tax changes is necessary, eg Capital Gain Tax.
Phil Twyford is going to form a working group of analysing if Auckland really has a housing crisis, he is going to employ the indian economist to commision the study... haha, another fat cheque from tax-payers.
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这是最可怕，看到 Shamubeel Eaqub 的名字，把早饭都快吐出来了……
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There will be a lot of Crazy spending.... eg PM asked every MPs to fly to Wellington for a 2 hours meeting last week, where in 2 days time everyone will be going to Wellington when Parliament meets.
haha... another " i need Coffee this morning" just the pulse is from taxpayers.
$20 million will be spend to study if it is safe to go inside Pike River Mine.... haha, haha...
If they are so keen to go in, they should volunteer themselves, and not spending $20 million to ask the same question national was asking.
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surprise surprise
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我和他在我的出租房见过，他的一个朋友全家搬来奥克兰，请他先来看的房子。最后朋友来的时候还是他去接的飞机。
快2年了。
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你感觉他是不是一个很有学识的人？嘿嘿
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普通人。。。。
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這個爛黨就是針對 chinese
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以公共發展為由，強拆徵地吧。
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又不是不给钱/给少钱了~
算什么强拆
相当于Cash Buyer找上门来要买你的房~自己还省了中介费~
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這個錢肯定是比市場價值低的
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基本是正常价，就是让地主提前卖了。
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his wife is chinese... haha.. That was why he finally bought a house in AKL, too much pressure from Mother-in-law.
Wondering who paid for it? haha..
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不到市场价可以申诉的~
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Some of the Christchurch Red Zones earthquake areas are the way Government dealt with the acquisition.
It is better than some other 3rd World countries, at least there is a process here to follow.
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haha... very limited scope, will be heard in Valuation Tribunal. Basically you provide your valuation report (registered) and Government provides the valuation report.
Both are registered Valuation reports ( technically), so very similar value, it left very little room for argument, basically 3 hours of hearing. If you try to be cocky (appeal), and you lost, you have to pay the costs of appeal etc.
Because the valuation report will be scrutinized, the valuer will be very careful in the reports, normally taking a conservative approach.
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果然。。。最后是这样