Jacinda Ardern announces more support for first homebuyers and measures to dampen property speculation but admits its no ‘silver bullet’
The New Zealand government has announced a series of billion-dollar measures aimed at tackling the country’s 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. On Tuesday morning Ardern announced a package intended to address problems of housing supply and demand, and help shift the balance away from investors.
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