‘Generation frozen out’: New Zealand house prices soar despite government reform
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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