Heatley loses Housing

Tuesday 22 January 2013

Housing Minister Phil Heatley was told only this morning that he will be replaced.

Nick Smith is being welcomed back into the fold to take over the housing portfolio from the Whangarei MP.

Smith resigned in the aftermath of the ACC furore.

Heatley said he was disappointed with Prime Minister John Key’s move but accepted it.

He planned to focus on his electorate.

Commentators said he had failed to shine in the portfolio.

Comments from our readers

No comments yet

Sign In / Register to add your comment

Property News

New “bright line” test rules clarified

Property traders and speculators, not landlords, are the target of the government’s proposed “bright line” test for tax on residential property sales.

Commercial

Victory for business in change to earthquake rules

New, more targeted regulations for earthquake-prone buildings are a win for commercial property owners and businesses.

Mortgages

RBNZ cuts OCR

The Reserve Bank has cut the OCR to 3.25% today. Here is what the governor Graeme Wheeler said.

Site by PHP Developer