It's been well critiqued and National’s policy has been found wanting. How on earth could the tax money from foreign purchases be that far out? 70% of purchases? Really?
From memory total foreign purchases pre the ban were about 3% of the market. Just say its 10% on properties over $2M, it still means National’s number is $600M out!
What else have they miscalculated by multiples?
The chaos has already begun before they are elected. I can't wait for the babbling Luxon to be interviewed on RNZ in the coming week.
It's an almighty and really stupid blunder.
Doesn't anybody check the numbers before they are made public?
Just ridiculous.