New Zealand is at a turning point

The NZ housing crisis is at a critical point, said Shamubeel at the CHA conference yesterday. New Zealand is at a turning point in finding a solution to its housing crisis, and the next steps will be critical, economist Shamubeel Equab says. New Zealand has years of...

Government wants to work with community housing sector

He said taxpayers were having to pay billions to cover the cost of rent subsidies, student loan tax breaks and childcare. “At the moment, we’re lucky because we’ve got the lowest interest rates in 50 years,” he said. “But imagine if...

Building consents hit eight year high

“The rate of new house build in Auckland remains strong. The 8615 consents issued in the year to August this year is the highest since 2007, while the 741 consents for the month of August is the highest number of consents issued in Auckland in any August since 2004,”...

Finance Minister’s speech on housing affordability

“Twenty-five years ago, around 30 per cent of new homes coming into the market were priced in the lowest quartile. Another 30 per cent of new homes were priced in the upper quartile. Today, only 5 per cent of new homes are priced in the lowest quartile. Nearly...