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'Different priorities': Hipkins says property prices won't hurt debt management plans

Author
Newstalk ZB,
Publish Date
Mon, 24 Aug 2026, 7:38am
Photo / Jason Oxenham
Photo / Jason Oxenham

Labour's confident stagnant property prices won't hurt its plans to slash debt if re-elected.

The party's seeking to return to surplus by the end of the decade and lower net debt to 20% of GDP over time. 

Its plans hinge on a fully implemented Capital Gains Tax.

Labour Leader Chris Hipkins told Mike Hosking that it's not expected the sliding property market will continue.

He says even the current government's budgeting for property prices to return to a long term average growth of around three percent.

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