Land provide and rates of interest ‘fundamental driver’ of overheating housing market

Sam Sachdeva is the newsroom’s nationwide affairs editor, overlaying international affairs, commerce, housing, and different problems with nationwide significance.

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Politicians have spent years pondering why the housing market in Aotearoa is uncontrolled – and there’s different proof to counsel that land – or quite, the dearth of it – is driving up affordability.

File low rates of interest and a scarcity of land, quite than building prices and building delays, are accountable for the sky-high New Zealand housing market all yr spherical.