Chief Executive of Priority One
Readers will no doubt have seen the government announcement a couple of weeks ago on steps to address New Zealand’s runaway housing market. This included methods to curb investors alongside ways to ramp up supply. We can turn ourselves to thinking how these changes might have an effect on Tauranga’s housing market.
I have written about the poor state of Tauranga’s housing market before, we have the worst statistics of any major New Zealand city for housing and rental affordability, and provision of social housing. Our house prices increased by 15 per cent last year, a little above the national average of 13 per cent. Housing affordability is not just a New Zealand problem, house prices in Sydney increased by 12 per cent last year, Melbourne by 11 per cent, but we get it a little worse here, causing a number of issues in the community. The government housing package recognises the dire state that we are in, and has made a number of changes
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