NZ PM Key: Expects NZ property tax rules will boost revenue

Comments from New Zealand NZ PM Key:

• Expects NZ property tax rules will boost revenue
• Property tax change will complement RBNZ rules
• Says government consulted with RBNZ on Auckland housing market
• Says increasing housing supply is the best response

Key referring to the weekend announcement on housing capital gains tax: New NZ government measures to bolster RBNZ moves to quell housing price boom