Articles tagged housing affordability

The Government hopes higher interest rates will help improve housing affordability in the long run, but it will have to wait a long time for that particular cavalry to gallop over the horizon.

Limited competition, high duties on imported supplies and kickbacks to builders are among the issues tackled in the Ministry of Business, Innovation and Employment (MBIE) options paper on building material costs released on Wednesday. MBIE even suggested testing new building materials and techniques on state housing projects as one way to tackle fear of innovation in the wake of the leaky building saga.