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In the past, housing policy-makers have argued that housing is a social, rather than an economic, investment. However, problems with the housing market may be constraining national growth and imposing costs on the public purse (e.g. homelessness impacts on health budgets).
Published research suggests...
The past decade has seen a dramatic increase in New Zealand house prices. A major contributor to this increase has been an insufficient supply of land and development capacity for housing, both within and outside cities, to meet increasing demand. The Government asked the Productivity...