New Housing Policies and Tourism

Monday, March 29, 2021

Good Morning and Welcome to this week’s Gospel and Culture update, by Alan Vink
New Housing Policies and Tourism
Monday 29th March, 2021

New Housing Policies (announced by the Government on the 23rd March 2021)

Here it is in brief:-

Bright-line test doubled to 10 years (previously 5 years) with an exemption to incentivise new builds.
Interest deductibility loophole removed for future investors and phased out on existing residential investments. This is perhaps the most controversial.
More Kiwis able to access First Home Grants and Loans with increased income caps and higher house price caps in targeted areas.
$3.8 billion fund to accelerate housing supply in the short term.
Govt to support Kainga Ora (Government’s Housing Provider) to borrow $2 billion extra to begin land acquisition programme to boost housing supply.
Apprenticeship Boost initiative extended to further support trades and trades training.

If you would like to read some succinct ‘expert’ commentary go to the NZ Initiative here.

POV. A basic need for all people everywhere is a warm, dry and decent house to live in. To emphasise it is a need as opposed to a want. It then follows that those houses should be affordable either as a rental or owner-occupied. For those who can’t afford an affordable house then in a welfare state like NZ, the Government should either provide that affordable house or assist in some way. Sadly that is far from the case in NZ. As at this moment we need 100,000 houses in NZ (and climbing) and so called affordability is in fact less and less affordable for a growing group of hard working kiwi’s. These new measures above may or may not help. Personally, I am not holding my breath.

What could we do as churches and Christian organisations? We have about 3000 church properties in NZ with acres and acres of car parks, lawns and spare land. We have Christian camps up and down the country with pieces of land that could be carved off for social housing. Sure a few bureaucratic hops to get through but hang that is the least of our worries, surely?
What we need is some creative thinking and a whole lot of good old fashioned ‘guts’.

Tourism by the Numbers

Prior to the COVID-19 pandemic, tourism made a huge contribution to the New Zealand economy:

Total annual tourism expenditure was $41.9 billion – $115 million per day.
Annual international tourism expenditure was $17.5 billion – $48 million per day.
Annual domestic tourism expenditure was $24.4 billion – $67 million per day.
Total annual tourism expenditure had increased by almost $15 billion, or 55%, in the past seven years.
Tourism was New Zealand’s biggest export industry, contributing 20.1% of total exports.
Tourism generated a direct annual contribution to GDP of $16.4 billion, or 5.5%, and a further indirect contribution of $11.3 billion, another 3.8% of New Zealand’s total GDP.
225,384 people are directly and another 158,802 indirectly employed in tourism in New Zealand – 13.6% of the total number of people employed in New Zealand.
The annual GST paid by tourists is $3.9 billion, including $1.8 billion collected from international visitors.

Source: Statistics NZ Tourism Satellite Account year ended March 2019 (issued December 2020).

POV. Crickey this is a lot of money and a lot of holiday makers roaming our streets, eating at our 9000 or so cafes and restaurants and generally spending a lot of money as in $115million A DAY. My guess is that this is only going to increase when the borders open and international travel resumes pretty much as it did prior to Covid-19. This helps me understand why the Government is working hard to balance the health of all NZ’ers (from the virus) yet enable the tourism industry to operate as best as they are able.
I found it interesting that in a TV1 poll last week Wednesday, a whopping 42% of Kiwi’s felt the Government needs to toughen up at the border. The folks who responded that way probably don’t work in the tourism industry. But that said, I acknowledge it is a complex issue and I am certainly no expert in these things.

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unique things to do in london New housing policies can significantly impact tourism, especially in areas reliant on short-term rentals. Stricter regulations on Airbnb and vacation rentals may reduce lodging options for tourists but help stabilize local housing markets. Conversely, policies that encourage sustainable development and affordable housing can enhance a destination's appeal. Striking a balance between housing needs and tourism growth is crucial for economic sustainability while preserving community well-being.
Sunday, March 23, 2025
Travel Crock The new housing policies introduced on March 23, 2021, aim to curb property speculation while making homeownership more accessible for Kiwis. Extending the bright-line test to 10 years discourages short-term investment flips, while removing interest deductibility for investors is a bold yet controversial move. The increased income and house price caps for First Home Grants and Loans offer much-needed support for first-time buyers, helping more New Zealanders step onto the property ladder.
Wednesday, March 26, 2025
atm calgary On March 23, 2021, the Government announced new housing policies to curb speculation and boost supply. The bright-line test was extended from 5 to 10 years, with exemptions for new builds. Interest deductibility for investors will be removed or phased out. First Home Grant and Loan eligibility expanded with higher income and price caps. A .8 billion fund and Core: Blog billion for Kainga Ora aim to fast-track housing development.
Thursday, April 10, 2025
Disney These new housing policies are quite impactful, especially with the extension of the bright-line test to 10 years. It’s clear the government is aiming to cool investor activity and give first-time buyers a fairer shot. While removing interest deductibility may be controversial, it could help shift the market dynamics. Also, increasing access to First Home Grants and Loans is a strong move to support Kiwis getting into their own homes—great for long-term stability.
Sunday, April 13, 2025
Travel eSIM New housing policies could really shape how tourism grows, especially in high-demand areas. It’s cool to see how tech like a Travel eSIM makes staying connected easier for travelers navigating new rental rules. Hopefully, these changes balance locals' needs and tourism. Looking forward to seeing how it all plays out! Wednesday, April 16, 2025
Pararius en Funda zijn niet je enige optie – probeer Wonen31 Recent changes in housing policies have started to influence the tourism sector in significant ways. As cities implement stricter regulations on short-term rentals, many tourists who rely on platforms like Airbnb are finding fewer options available. These housing policies aim to address local housing shortages and rising rent prices, which in turn impacts the affordability and accessibility of accommodations for visitors. While the intention behind these policies is to protect residents, they may inadvertently reduce the overall tourism appeal in some areas. As a result, some destinations are seeing a shift towards more traditional hotel accommodations, changing the dynamics of local economies reliant on tourism. Friday, April 18, 2025
Exploring Albufeira Your advice is practical and easy to apply, making self-improvement feel much more manageable. I love how you encourage small, consistent steps – it’s so motivating! Thanks for sharing such positive insights. I’ll definitely be incorporating these tips into my routine. Saturday, April 19, 2025
Exploring Tróia Exploring Tróia with your pets can be a wonderful adventure, and having the right travel products for dogs and cats ensures both safety and comfort throughout the journey. Whether you're strolling along the beach or discovering the charming town, Zoospot's travel accessories will help make your trip even more enjoyable for your furry companions. From comfortable carriers to practical travel gear, Zoospot makes traveling with pets easy and fun. Saturday, April 19, 2025
Won Majestic New housing policies can have a significant impact on tourism, especially in destinations where housing availability and affordability are closely tied to the tourism industry. Changes in local regulations, such as restrictions on short-term rentals or zoning adjustments, can affect the flow of tourists, alter accommodation options, and influence the overall experience for travelers. It’s essential to consider how these policies balance the needs of both residents and visitors for sustainable tourism growth.
Sunday, April 27, 2025
Best School in Lahore The teachers, often called “guides,” observe each child's development and gently guide them rather than dictate learning. They are trained to recognize critical periods in development and introduce appropriate challenges at the right time.
Monday, April 28, 2025

New Housing Policies and Tourism

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