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

NZ Initiative: Auckland to remain 'crowded house' for new arrivals
New Zealand Initiative researcher Leonard Hong.
Brent Melville
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...

More Property

Property operator will negotiate with Italian restaurateur
Property

Property operator will negotiate with Italian restaurateur

Stride's CEO says the landlord won't be silly over a lease dispute with Portofino.

Death of Fiji plot accused leaves Karaka subdivision up in the air
Property

Death of Fiji plot accused leaves Karaka subdivision up in the air

Records for the project company are nowhere to be found after Ballu Khan's passing.

New home building consents down 23% year on year
Property

New home building consents down 23% year on year

The shift from stand-alone to multi-unit homes continues.

Staff reporters 02 Jul 2024
Kāinga Ora CEO leaving with golden handshake
Property

Kāinga Ora CEO leaving with golden handshake

The new-look, post-review housing agency is not what the CEO signed up for, chair says.

Maria Slade 01 Jul 2024