NZ 'housing market crisis' more entrenched as costs outstrip income gains: govt report

Sun, 11 Feb 2018

By Rebecca Howard Feb. 12 (BusinessDesk) - New Zealand's housing crisis is "deeper and more entrenched" and an inadequate supply of new houses means both the cost of homeownership and renting is increasingly unaffordable, according to a government-commissioned report. "Fixing the housing crisis will take bold action. The government has a significant work programme to respond to these failures: implementing KiwiBuild, improving conditions for renters, increasing the supply of public housing, and rebalancing tax settings to discourage spec...

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