The housing crisis, which Labour government pledged to address, has spread to the provinces
Every urban housing market in New Zealand is regarded as “severely” unaffordable, a major report has found, despite efforts by the government to address skyrocketing property prices.
The Demographia international housing affordability survey studied more than 300 urban housing markets in eight countries and found housing in New Zealand was now more than seven times the median income, making it out of reach for most.
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