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New Zealand Economic Takeover ! , Seniors Retiring with a mortgage? , Breaking Point 2024 -25

503 views · Published 27 February 2018 · 7:39 · Indexed 14 November 2026

Channel: Mike Martins · 2018 · News & Politics

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My Opinion: New Zealand is under an economic attack Vie Housing Affordability!
how long can this go on for ? Im giving it to 2024 - 25 , but it will be to late by then 

New Zealand has experienced a significant increase in housing prices over the past few decades, making it one of the least affordable housing markets in the world. This has been attributed to a number of factors, including limited housing supply, strong demand from foreign buyers, and lax regulations around property investment.

One of the major drivers of New Zealand's housing affordability crisis is the lack of supply. The country has struggled to keep up with population growth, particularly in the major cities of Auckland and Wellington, resulting in a shortage of affordable housing. This has been exacerbated by restrictive planning regulations and a slow-moving building industry. As a result, demand has significantly outstripped supply, leading to rapid price growth.

Another factor contributing to New Zealand's housing affordability crisis is the strong demand from foreign buyers, particularly from China. In 2018, the New Zealand government introduced restrictions on foreign property ownership in an attempt to cool the housing market, but the impact has been limited. Foreign buyers, many of whom are attracted by New Zealand's high-quality lifestyle and relatively stable political environment, continue to invest heavily in the country's property market, driving up prices.

The influx of foreign investment into New Zealand's housing market has also made the country an attractive destination for money laundering. Criminals and corrupt officials from around the world have been using New Zealand's property market as a way to launder their ill-gotten gains. The lack of transparency in the New Zealand property market, coupled with lax regulations around property investment, has made it relatively easy for these individuals to hide their assets in New Zealand.

New Zealand has become a popular destination for money launderers because of its reputation as a safe and stable country. Its strict banking and financial regulations, combined with a relatively low level of corruption, make it an attractive location for criminals looking to launder their money. The country's property market, with its high-value assets and lack of transparency, provides an easy target for money launderers.

The New Zealand government has taken steps to address the issue of money laundering in the country's property market. In 2017, it introduced new laws that require real estate agents, lawyers, and accountants to report any suspicious transactions to the authorities. The government has also introduced stricter rules around the use of trusts, which have been a popular tool for money launderers looking to hide their assets in New Zealand.

Despite these measures, New Zealand's housing affordability crisis and money laundering problem continue to be major issues for the country. The government has been criticized for not doing enough to address these problems, with some calling for more drastic measures such as a ban on foreign property ownership. However, the government has been reluctant to take such measures, citing concerns about the impact on the economy and the potential for retaliation from foreign governments.

In conclusion, New Zealand's housing affordability crisis and money laundering problem are closely linked. The lack of affordable housing has made the country an attractive destination for foreign buyers, many of whom are using the property market to launder their money. The New Zealand government has taken steps to address these problems, but there is still much work to be done to ensure that the country's property market is transparent and accessible to all.

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