Of course, the left wants a capital gains tax…
There is an old 4 bed room house in Epsom I drive past that has been left to deteriorate, uninsulated, mouldy and damp, rusty roof and leaking gutters set in overgrown unkempt grounds. It was sold to an overseas owner five years ago it now belongs to another overseas owner who paid $500,000 more for it and has it in the hands of a letting agency. Rent has come down by $80 a week to $915 a week after it was empty for months. It is not alone, there are many other examples throughout Auckland.
