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.

LISTEN ABOVE

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.&nbsp;
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.
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Chris Hipkins: Labour Party Leader says stagnant property prices won't hurt plans to manage debt

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/17c8faaf-193a-486c-a280-b4af0143e36f/transcript