Yeah, housing tax changes were needed, but seems weird to also do Shares.
NZ, like always is lagging behind AU, and also needs house tax changes. The housing situation in NZ dire.
NZ is even worse than Australia on the housing tax vs shares tax front. No housing taxes. Yet they have what is effectively an annual wealth tax on shares (FIF) even on their pitiful retirement savings schemes. This discourages saving in shares and encourages putting money in real estate.