NZ's housing crisis worsens; govt options limited

The hot housing market keeps getting hotter.

Fri, 12 Mar 2021

A month ago, Finance Minister Grant Robertson said housing affordability was a "crisis" situation but it's becoming worse with each month's data update.House prices had risen 17.3% in calendar 2020, according to the Real Estate Institute's house price index, and in January they were up 19.2% year-on-year, but now we have data showing February's prices were 21.5% higher than a year earlier.That wasn't on small volumes either: in Auckland, sales jumped nearly 35% from last February while excluding Auckland, sales wer...

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