New Zealand's housing construction rate is nowhere near adequate in proportion to population. For decades, housing construction has not kept up with the growing population, which means house prices have gone through the roof. New Zealand's housing construction rate is nowhere near adequate in proportion to population, let alone the long-run effects of an ageing population. Once the border opens, housing demand will continue to escalate, and the problem could become even worse. • Read 'The Need to Build: The demographic drivers of housing demand' here• Leonard Hong is a Research Assistant at The New Zealand Initiative

Source: New Zealand Herald February 23, 2021 03:56 UTC