Tag: housing affordability

Econ Duel: Why Is the Rent So Damn High?

.@PhilTwyford @JulieAnneGenter finest hour on housing affordability

When did a house become an investment? 40% price crash has happened before!

The Resource Management Act was passed in 1993.

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Source: Elizabeth Kendall, New Zealand house prices: a historical perspective, RESERVE BANK OF NEW ZEALAND / BULLETIN, VOL. 79, NO. 1, JANUARY 2016.

Note that there is considerable regional variation in housing prices in New Zealand.

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Source: Property Prices in New Zealand | New Zealand Real Estate Prices.