Funds needed to free up land for housing - Infrastructure NZ

By Victoria Young | Tue, 21 Jan 2020


A report showing nationwide housing unaffordability highlights problems with how central and local government operate, Infrastructure New Zealand says. The Demographia International Housing Affordability Survey showed New Zealand has a market median multiple of seven, meaning the median market price is more than seven times the median income. This classes New Zealand as “severely unaffordable” and the second-worst of eight countries surveyed. “Unfortunately this news is no surprise. It confirms that the problem is New Zealand-wide, an...