Business
Australia won’t follow NZ down housing tax path – The Australian Financial Review
The federal government is facing different challenges, none of which are related to housing affordability.
With the clampdown on housing investment tax incentives, house price strength is expected to wane and the economy may cool too.
Thats reflected in a new view of interest rate expectations. New Zealand 10-year government bond yields fell a whopping 13.3 per cent this week to 1.580 per cent and the New Zealand dollar is down 2.64 per cent to US69.78¢.
Almost a full rate hike had been been priced into New Zealand cash rate expectations within the next 12 months up until the new housing market policies…
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