Experts say it’s too soon to say whether measures have failed entirely but it’s already too late for many young people
As New Zealand’s average house price closes in on $1m, a generation says they’re being locked out of the market – and the glacial impact of government reforms may come too late, if it arrives at all.
“It’s urgent,” says Isla Stewart, 20, a housing advocate living in Auckland, New Zealand’s most expensive city. “The government’s failure to quickly address the housing crisis could result in a generation being frozen out of the housing market. Disconnected from their communities, living in unhealthy, unstable housing situations.”
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