Apparently Auckland’s housing market is no longer in “crisis”, according to the National opposition’s housing spokesman, Michael Woodhouse:
National’s housing spokesman Michael Woodhouse says flatlining property prices in Auckland prove there is no housing crisis.
Sale prices in Auckland have stagnated in the last few months, after years of double-digit growth…
Asked by The AM Show host Duncan Garner on Monday morning what it would take for National to admit there was a crisis, Mr Woodhouse said: “Well, I think what you would see is runaway house price inflation”…
The latest figures from Auckland Council show increases of around 45 percent in property values since 2014. Prices in many parts of the city have doubled since the global financial crisis nine years ago…
Mr Woodhouse [said] if homes weren’t affordable, they wouldn’t sell.
“It depends on what you define as affordable. If a house is purchased, it’s certainly affordable for someone. But I do accept there weren’t as many houses in the lower-cost bracket that we need.”
Righto. So a few months of flattening prices somehow overcomes the rampant house price inflation experienced during National’s term in office, which saw Auckland’s dwelling values increase by around 90%?
Thank goodness these idiots got voted out of office.
