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Land Tax Could Slash House Prices | Wellington News
The Opportunity Party’s bold land tax plan could slash house prices by at least 10%, funding a weekly $370 citizen’s income while offering deferrals for retirees and farmers. Economists say it’d make property less attractive to investors, but warn deferred taxes could erode up to 40% of equity over two decades. Plus, the cash infusion might actually push rents higher. The biggest drops? Likely in land-heavy cities like Auckland — a complex gamble with big stakes for homeowners, renters, and future generations. Listen in comfort:Get a discount on a Soli Pillow…
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