Economists analysing National's foreign buyers tax have found it would likely only raise $210 million a year, falling well short of the $740 million a year National had forecast.
A more generous "higher-end estimate" puts this figure at $290 million in revenue.
The National Party has refused to release the modelling behind its tax plan, despite being challenged on the large sums it expects it to generate, in order to help find its tax package.
Economists Michael Reddell and Sam Warburton, along with CoreLogic's head of research Nick Goodall, have today released their own analysis using data from Stats NZ, real estate data from Corelogic, and the information National has so far publicly revealed about its policy.
Kathryn speaks with Sam Warburton and Nick Goodall.
Photo: 123RF
