Budget confirms living standard fears: Brash
Monday 31 May 2004
This week's budget has confirmed fears about New Zealand's slipping standard of living, says National Party leader Don Brash.
By The LandlordHe said in Nelson on Friday that there was no sign of living standards improving in comparison with other developed countries, as the Government had promised when it came to power in 1999.
"In my view the most worrying thing was not what the budget did, but what it said," he said.
Dr Brash was speaking to about 300 people at the Nelson Grey Power Association annual meeting at the Trafalgar Centre.
He said he had decided to enter politics two years ago because he was concerned about the slide in New Zealand's living standards against other countries such as Australia. New Zealand was "well down the totem pole" of developed countries, he said.
But according to treasury forecasts in the budget, the economy was set to grow more slowly over the next 10 years than it had in the past 10 years, he said.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.