Possibly true by numbers, but in 2018-2019 tourism revenue was about 60/40 domestic/international. https://www.stats.govt.nz/information-releases/tourism-satel...
> skilled-migrant visa class is abolished
I don't think that's true. https://www.immigration.govt.nz/new-zealand-visas/apply-for-...
> government (incl. Jacinda) is committed to protecting investors from going into negative equity.
I would have agreed with you until last week's announcements, but Labour has clearly decided to not chase the votes of property investors.
> Labour has clearly decided to not chase the votes of property investors.
Still investors can use equity as deposit which is gonna keep the train moving up. Plus silly cost of subdividing means you have dairy enjoying million dollar views.
We do indeed need more immigrants and more housing. First one won't happen as managed isolation facilities will be closed, vaccination is unclear at what stage and skilled-migrant visa class is abolished. Second won't happen as government (incl. Jacinda) is committed to protecting investors from going into negative equity.