Nowhere is New Zealand’s increasing inequality as manifest as in house prices, which have reached ten times the median household income in Auckland, according to the latest Demographia survey.
It’s author Hugh Pavletich, who damns high property prices as a gross breach of young New Zealanders’ human rights, predicted spiralling house prices could be John Key’s “Waterloo” at the election to be held in September.
NZ First leader Winston Peters says New Zealand homes should be for New Zealand residents.
With Key now gone, it’s Bill English who has to sell National’s housing policy to the public, and combat an increasingly vocal opposition highlighting the extraordinary rise in house prices during National’s three terms in power.
Read more about these policies in this article here.