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Above is an interesting video presentation from New Zealander, Andrew Atkin, who runs the blog “Building Utopia”. In the video, Aitken provides a step-by-step analysis of why housing affordability has been destroyed in New Zealand, with particular focus on supply-side barriers that have forced-up the cost of building new homes.
It’s an excellent structural supply-siders view of the housing market, which I agree with (which means that many of you won’t). Many of the same criticisms could equally be applied to Australia.
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Well worth a look.
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.