Case Study_Monte Cecilia_FINAL
Q+A debate On NZ’s ‘housing crisis’
No housing crisis – Dr Nick Smith
‘..it is significantly better than what it was in 2008, and that’s because this government’s actually had interest rates that were 11%, a lot better, and actually house prices have gone up far less, about 25% under this government as compared with 97% under the previous government.’
‘Well whether this government wants to admit it or not, we do have a housing crisis’ – Labour’s Phil Twyford
‘It now takes 50 years to pay off the average mortgage in Auckland. So my son’s generation hasn’t got a dog’s show of owning their own home in Auckland. Meanwhile in the rest of New Zealand large parts of the country are seeing house values fall.’
Read more on Scoop here.
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