Property

NZ Initiative: Auckland to remain 'crowded house' for new arrivals

Brent Melville
Tue, 23 Feb 2021

New Zealand Initiative researcher Leonard Hong.
Brent Melville
Tue, 23 Feb 2021
New Zealand’s housing affordability crisis will continue to worsen even if migration slows to a trickle, according to modelling by policy think tank, The New Zealand Initiative.In its latest report, 'The Need to Build, the demographic drivers of housing demand', researcher Leonard Hong said political “buck-passing” has served to create extremely expensive housing markets in cities such as Auckland and Wellington, and a national housing crisis.According to the 2020 international affordability survey by Demographia, Auck...

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