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New Zealand moves to rein in runaway housing market with billion dollar plan – The Guardian

Jacinda Ardern announces more support for first homebuyers and measures to dampen property speculation but admits its no ‘silver bullet’

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New ZealandJacinda Ardern announces more support for first homebuyers and measures to dampen property speculation but admits its no silver bullet
Mon 22 Mar 2021 23.36 GMT
The New Zealand government has announced a series of billion-dollar measures aimed at tackling the countrys housing crisis as prime minister Jacinda Ardern warns there is no silver bullet.
House prices have been driven up 23% in just 12 months, far ahead of wage growth, pushing younger and lower-income buyers out of the market….

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