Yesterday the NZ Herald reported:
Rents in Auckland jump $20 a week to record high
"...in April rents jumped up $20 a week to $520, a record high."
That's according to Trade Me anyway.
Is it a mere coincidence that benefits rose on April 1st by $25?
Rents didn't rise by $20 nationally because there isn't demand nationally.
The resistance to increasing the accommodation supplement is based on the theory that it will go straight into landlord pockets.
Subsidies. They always distort markets and often end up failing to achieve their goal.
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