The New Zealand Government has announced a raft of new measures to address the current price boom, and to tilt the playing field away from “speculators” a.k.a “investors” towards first time buyers.
We look at the measures, and also ponder on whether we need something similar in Australia.
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
New Zealand Intervenes To Address “The Property Market Failure” [Podcast]
The New Zealand Government has announced a raft of new measures to address the current price boom, and to tilt the playing field away from “speculators” a.k.a “investors” towards first time buyers.
We look at the measures, and also ponder on whether we need something similar in Australia.
Go to the Walk The World Universe at https://walktheworld.com.au/
“The political ‘buck passing’ of the responsibility for unaffordable housing by successive governments in New Zealand has created extremely expensive housing markets in cities such as Auckland and Wellington – and a national housing crisis. Auckland is the sixth least affordable city among 92 major global housing markets, according to the 2020 Demographia housing survey. The real price of housing in New Zealand increased by 171% from 2000 to 2019, compared with just 11% in Germany in the same period. Despite former Housing Minister Phil Twyford’s reforms, the government has prioritised supressing demand and targeting financial speculation from overseas. Demand-side solutions are just tinkering at the edges of the problem. Long-term demographic transformations and changing household sizes are affecting overall housing demand. Inflexible housing development is the core problem, and only freeing up enough supply can solve our housing unaffordability and overcrowding.”
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the “stupid” trajectory of New Zealand home prices, which are being stoked by poor Government policy and Central Bank intervention. Is it likely to change?
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
New Zealand Property - Away With The Fairies [Podcast]
We look at the “stupid” trajectory of New Zealand home prices, which are being stoked by poor Government policy and Central Bank intervention. Is it likely to change?
Join Joe Wilkes and I for a live discussion tonight, where we will compare and contrast the property markets in Australia and New Zealand – and discuss Central Bank strategy either side of the ditch.
You can ask a question real-time via the YouTube live chat.
New Zealand based Property Expert Joe Wilkes and I discuss the latest on mortgage repayment holidays, and it sets up our live stream event next Tuesday 25 August where Joe will join me to take the discussion further.