New Zealand Initiative urges the next Government to fix or restore NZ’s housing affordability in order to create a better country for everybody.
• Escalating house prices have split NZ into homeowners & those locked out of the housing market.
• The rampant housing inflation has made New Zealanders in their 20s difficult to own a home, an issue driven by lack of supply in the market.
• NZ Initiative’s key recommendation for fixing affordability is to incentivise councils for development by letting them capture the GST component of new buildings.
• Next to house price issue, the Gov’t & the opposition must tackle an underperforming education system & a fear of foreigners doing business in NZ.
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