John Tookey: AUT construction expert on the tweaks to the Government's rent-to-buy scheme
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Plenty of ways to spin the Government's tweaks to its rent-to-buy scheme.
Changes to the Progressive Home Ownership programme will allow eligible people to buy existing homes, instead of just new-builds.
The income cap is also rising from $130,000 to %150,000.
AUT construction expert John Tookey told Kate Hawkesby that if you're in power you say it's a marvellous scheme that's done well and being expanded.
He says if you were in Opposition, you'd say it's been a disastrous scheme that's not doing well so you have to spin it out.
Tookey says the other view is to say you don't have much faith in new-builds and we're going to see a drop off.
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