Rising rents outpace general inflation.
The latest Consumer Price Index figures have revealed a concerning trend: rents are increasing almost twice as fast as overall inflation.
Green Party co-leader and finance spokesperson Chlöe Swarbrick has criticized the government's handling of the economy, stating that their decisions have contributed to rent inflation and driven more people into poverty. She claims that the government is prioritizing profits for the wealthy over the wellbeing of all New Zealanders.
The Green Party argues that the government's policies are unfair and unproductive, citing the example of tax cuts for landlords being paid for by slashing public spending on essential services. Chlöe Swarbrick believes that this approach hurts the poorest most and ultimately costs everyone in the long run.
She also criticizes the government's lack of action on pressing issues such as the climate crisis and infrastructure deficit, instead choosing to support corporate profiteering over New Zealanders' wellbeing. The Green Party's stance suggests that the government is either economically illiterate or taking New Zealanders for granted.