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The original was posted on /r/newzealand by /u/PersonalReaction6354 on 2023-08-25 21:26:02.

You could argue cost but that would then be factored into purchase price. Saying it discourages investment falls over as you don’t buy a new build to rent. Seems like it would be a good system give a lot of Auckland rentals are now redevelopment sites due to the new density rules. Meaning the landlord has less incentive to maintain a dwelling they will demo.