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Ryan Bridge: The Government should go all in on Auckland · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: There is a very good reason that National is talking
• 0:02
  Speaker 1: about revamping the Major Events Fund. It's the same reason
• 0:05
  Speaker 1: you're seeing them announced just half an hour ago they're
• 0:07
  Speaker 1: creating a new business investor Visa. Foreigners will get a
• 0:11
  Speaker 1: fast track to residency for chucking two million bucks into
• 0:13
  Speaker 1: a Kiwi business. It's the same reason they'll announce in
• 0:16
  Speaker 1: a few weeks. I reckon most reckon that some wealthy
• 0:20
  Speaker 1: investors will be able to buy expensive houses here. From November.
• 0:23
  Speaker 1: They're trialing visa free holidays for the Chinese coming here
• 0:27
  Speaker 1: via Australia, and you can expect to see more where
• 0:29
  Speaker 1: that came from. The reason is, of course, to boost growth,
• 0:32
  Speaker 1: but specifically they hope in our largest city. It's all
• 0:36
  Speaker 1: about Auckland, the colon. It's the giant missing piece of
• 0:40
  Speaker 1: the puzzle, their runway for sorting out the economy by
• 0:43
  Speaker 1: election time. Hinges on them throwing the kitchen sink at
• 0:46
  Speaker 1: the Jaffers. It's forty percent of our GDP. But a
• 0:49
  Speaker 1: sort of economic malaise has set and not everyone, not
• 0:52
  Speaker 1: in every industry, but the two speed recovery is real.
• 0:56
  Speaker 1: The vibes off a bit and the numbers back it up.
• 1:00
  Speaker 1: The prime Minister about this on Monday. He says, they're
• 1:02
  Speaker 1: basically looking at everything and anything for Auckland, and I
• 1:05
  Speaker 1: reckon they'll campaign on a bed tax, and I reckon
• 1:08
  Speaker 1: they'll announce that they intend to do this either late
• 1:10
  Speaker 1: this year or early next to win the next election.
• 1:14
  Speaker 1: You don't need to win all of Auckland, but if
• 1:16
  Speaker 1: you lose Auckland, you're stuffed. Ask Chippy. Labour scored twenty
• 1:20
  Speaker 1: nine percent of the party vote in Auckland at the
• 1:23
  Speaker 1: twenty twenty three election. This is increasingly a city of
• 1:26
  Speaker 1: migrants and these policies are aimed at them, their families
• 1:30
  Speaker 1: and their businesses. Forty two percent of auckland Is were
• 1:33
  Speaker 1: born overseas along with Otago. It's where most of the
• 1:37
  Speaker 1: expensive houses are that those wealthy investors will be able
• 1:40
  Speaker 1: to buy to boost this economy in a short to
• 1:42
  Speaker 1: medium term window. The government's clearly targeting migration. Foreign investment,
• 1:47
  Speaker 1: which often comes through existing connections to a city. Foreign
• 1:51
  Speaker 1: students is another one. They're moving on, Chinese tourists and
• 1:55
  Speaker 1: big events. The question is how quickly can they give
• 1:59
  Speaker 1: this city the tickle up that it needs and have
• 2:02
  Speaker 1: they left enough of a runway to turn Things Around.
• 2:06
  Speaker 1: For more from Early Edition with Ryan Bridge, listen live
• 2:09
  Speaker 1: to News Talk Set B from five am weekdays, or
• 2:12
  Speaker 1: follow the podcast on iHeartRadio