First National Chairman meets John Key to Talk Housing
Bob Brereton (First National Chairman) had the opportunity to attend lunch with the PM when he visited Motueka.
John Key’s speech was focused on the economy and the state of the nation, but also touched upon “a topic close to our heart, the housing market” said Bob.
“I spoke to Mr Key about the housing issue, that the Auckland market buoyancy misrepresents the median price for the country. Mr Key is mindful that a rampant Auckland market would have an adverse effect on the country and the Reserve Bank may want to intervene.”
John Key acknowledged that there needed to be further high level, meaningful engagement between the government and leaders in the real estate industry, which may encourage an industry wide discussion rather than a sledgehammer to our economy as proposed by the Reserve Bank.