Brad Olsen: Economist pleased with Government's $4 billion housing plan

The Government will pour close to $4 billion into a scheme to accelerate the pace of new house builds, which is expected to help see "tens of thousands" of new properties built.
It is also doubling the capital gains tax-esque bright-line test from five, to ten years - meaning any gains on a residential property that is not a family home will be taxed if the property is sold within ten years of purchase.
Infometrics Senior Economist Brad Olsen joined Simon Barnett and Phil Gifford to discuss the changes.

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