Housing price to income trigger slammed

Jun 1, 2016 | News

Photo:RNZ / Kim Baker Wilson

Economists, like BERL chief economist Ganesh Nana, are saying:

“Freeing up land is one thing. We need houses that are affordable for lower income people.”

Massey University associate professor David Tripe said the easiest solution to Auckland’s problems was to build up, not out.

“Building up would be a much more effective way of getting housing to work in Auckland more quickly and more effectively,” he said.

It would also reduce the cost of having to extend public transport networks to newly built homes in new areas out of the city centre, he said.

The only successful attempt worldwide that actually made housing more affordable was the state home building programme carried out by New Zealand during the 1930’s, Mr Tripe said.

Read more here on Radio New Zealand news.

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