Links 8 December 2017

Global Macro / Markets / Investing:







  1. NEW ZEALAND: ‘This is a social and economic disaster for the country’ – Phil Twyford hits out over housing report | 1 NEWS NOW | TVNZ

    The dire state of the housing market has been laid out to the new minister in charge in official documents today. … VIEW & READ more via hyperlink above …
    Officials: Housing causes ‘stark’ inequality between young and old … Stuff / Fairfax NZ

    The failing housing market is leading to stark inequality between the old and young and the rich and the poor, officials told the new Government as they took office.

    This inequality is harming the health of Kiwis, the country’s productivity, and the Government books.

    The briefings for incoming Housing Minister Phil Twyford show a 45,000 home gap in Auckland, as was previously reported by Stuff. Twyford maintains the previous Government intentionally kept the number secret. … read more via hyperlink above …
    Surge in demand for social housing revealed in briefing paper | Radio New Zealand News

  2. Catch 22 for first-home owners overcome for young Auckland couple |

    Natasha King, Matt van der Haast and their two children, Jamie, 5, and Emily, 2, first featured on Stuff a year ago, when they were living with King’s father in order to save money for their first home.

    The couple was the first to sign up for a house in the new Belmont subdivision in Pukekohe under the Special Housing Areas legislation, which meant the completed “affordable” houses in the subdivision could not be sold for more than 75 per cent of the median house price in the Auckland region, which was $578,250.

    At that time most developers had shied away from the subdivision saying it was not possible to build a house for under $600,000 in the greater Auckland area. … VIEW & READ more via hyperlink above …