Living in a country that has the most despicable liar as a prime minister, was a disgrace in the bushfire emergency and had a belated response to Covid, I guess you would you know.
In March last year, while feeling fairly safe here, I was terrified for my 80+ year old relatives in Sydney.
In 2010 I sold my home in the Blue Mountains, NSW for Au$440,000 and bought one in Dunedin for NZ$250,000. At the time the Au$ was hovering around NZ$1.30 (it is now around NZ$1.07) A similar home a few doors away has just sold for NZ$620,000 (just 6 months ago another similar was NZ$540,000). The housing market is ridiculous.
The problem is there is no capital gains tax and that is driving the prices up as greedy investors seek a non taxed income. They are screaming today because the government announced yesterday that interest payments can no longer be offset against rent income for tax purposes.
The Christchurch rebuild has made it very difficult to find tradespeople. Another government announcement yesterday was for yet more apprentices but that is not a quick fix.
I agree the Labour party was a bit naive when they made that promise, until Jacinda became leader they were struggling in 2017. Then unfortunately Jacinda promised never to create a Capital gains tax (before Covid hugely increased her popularity.) Unlike John Howard (no GST) she will probably keep to that promise. To me it is obscene that people can make huge untaxed profits on property speculation.
NZ's tax system is much simpler than Australia's, probably in part due to a lack of need to regulate being a smaller economy with only one significant city. You basically cashed in from moving from a more developed economy to a lessor one, good move.
NZ has had high cost housing long before Christchurch due to its small market it has effectively a cartel in the building supplier market. However Auckland has been discovered, but its not alone as the same is happening on the Australia East Coast, EU and parts of Nth America as the money flow from wealthy countries to poor has effectively ground to a halt in 2020/2021, hence the housing market. I read Auckland mortgages taken out over the last year, 40% are interest free, speculators. JA is right to take action, but its more the ship has sailed. The Australian housing prices are already concerning.
Paul Keating promised not to introduce a CGT, yet here we are with CGT introduced by Keating! He also wanted to implement a GST. John Howard did not back flip on his promise to not introduce the GST. He took it too the people as an election as a core policy and was given the job to implemented it and at no time during Labor's term in govt did they make any attempt to repeal it not did they at any election after the GST was implemented. Moral of the story, sometimes govt's rely on the opposition to do their own dirty work.
NZ has basically a single head of govt for all policy within NZ, much easier to get things done and also single point of accountability when it goes pair shaped. Brian, you also know full well Australia has a hodge potch two tiered govt system with two houses for each tier to make it even more complex (Qld excepted and not counting local govt). We have seen during both the bush fires and during CV-19 the issues this system presents and that the worst part is the people who vote for them frequently don't even know what the actual powers the tier they are voting for has. In other areas we frequently see that many infrastructure projects require two tier funding and in some cases triple tier (GC tram being one) and often these projects are delayed years while trying to get this in place.
SCOMO made some poor judgements during the fires, realistically caught with his pants down being dragged into what is traditionally a state response issue only providing federal resources on request. Regarding COVID, he however has been the opposite, dealing with 7 state Premiers all with their own political agenda's including upcoming elections and the powers to close boarders both domestic and indirectly international. NSW govt has already conceded it screwed up with the Ruby Rose and overall as we can see Australia's less draconian response in H1 2020 achieved the same as NZ, only the repeated F-up's by Dan the Man has dragged the CV-19 recovery and increased the number of deaths 10 fold.
As for exporting criminals holding foreign passports, I have no issue with it.