New Zealand property bubble

The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen faster than incomes.[1] It has put pressure on public housing providers as fewer households have access to housing on the private market. The property bubble has caused large impacts on inequality in New Zealand, which now has one of the highest homelessness rate in the OECD[2] and a record-high waiting list for public housing.[3]

References
  1. Bernard Hickey (2009-08-17). "Opinion: Why the golden oldies are wrong: housing is less affordable now than in 1987 and 1975 (Corrected)". interest.co.nz.
  2. Barrett, Jonathan (May 20, 2018). "Left behind: why boomtown New Zealand has a homelessness crisis". Reuters.
  3. Cooke, Henry (August 20, 2019). "Public housing waitlist at new high with 12,644 households waiting months for housing". Stuff.
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