{"id":30067,"date":"2021-03-23T08:36:02","date_gmt":"2021-03-22T23:36:02","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2021\/mar\/23\/new-zealand-moves-to-rein-in-runaway-housing-market-with-billion-dollar-plan"},"modified":"2021-03-23T08:36:02","modified_gmt":"2021-03-22T23:36:02","slug":"new-zealand-moves-to-rein-in-runaway-housing-market-with-billion-dollar-plan","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=30067","title":{"rendered":"New Zealand moves to rein in runaway housing market with billion dollar plan"},"content":{"rendered":"<p>Jacinda Ardern announces more support for first homebuyers and measures to dampen property speculation but admits its no \u2018silver bullet\u2019<\/p>\n<p>The New Zealand government has announced a series of billion-dollar measures aimed at tackling the country\u2019s housing crisis as prime minister Jacinda Ardern warns there is \u201cno silver bullet\u201d.<\/p>\n<p>House prices have been <a href=\"https:\/\/www.theguardian.com\/world\/2020\/oct\/29\/new-zealand-house-prices-soar-despite-covid-recession-worsening-affordability-crisis\">driven up 23% in just 12 months<\/a>, 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 <a href=\"https:\/\/www.theguardian.com\/world\/2020\/jan\/20\/all-sectors-of-new-zealand-housing-market-severely-unaffordable-survey\">problems of housing supply<\/a> and demand, and help shift the balance away from investors.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2021\/mar\/23\/new-zealand-moves-to-rein-in-runaway-housing-market-with-billion-dollar-plan\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jacinda Ardern announces more support for first homebuyers and measures to dampen property speculation but admits its no \u2018silver bullet\u2019The New Zealand government has announced a series of billion-dollar measures aimed at tackling the country\u2019s housing&#8230;<\/p>\n","protected":false},"author":1833,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[41,1068,697,56,79,42],"tags":[],"class_list":["post-30067","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-communities","category-housing","category-new-zealand","category-society","category-world-news"],"aioseo_notices":[],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1833"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30067"}],"version-history":[{"count":1,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30067\/revisions"}],"predecessor-version":[{"id":30068,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/30067\/revisions\/30068"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}