Priced out. How New Zealand lost its housing affordability

Author:
Michael Bassett, Luke Malpass, New Zealand Initiative
Source:
New Zealand Initiative, www.nzinitiative.org.nz
Publication date:
2013
Topics:
Housing
This review of affordable housing explains the many factors instrumental in slowing construction, thus producing today's shortage of new homes. The availability of affordable mortgages; the efforts of home building companies; the state of the economy at any particular moment; and the cooperation, or otherwise, of local authorities and planners - all have played a part in producing a situation where widely available new housing has given way to unaffordable housing for those wanting to take the first step up the homeownership ladder.
Last updated: 2012-04-19