The New Zealand housing nightmare


By Leith van Onselen

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.

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.