New Zealand’s chronic housing shortage continues to worsen, especially in Auckland, with stronger dwelling consents still failing to keep pace with turbo-charged population growth.
There were 12,945 dwelling consents issued across Auckland in the year to September (up 25%):
Whereas there were 32,548 consents issued across New Zealand over the year (up 5.4%):
However, despite the pick-up, this supply boost is nowhere near enough to offset New Zealand’s rampant immigration-fuelled population growth, whereby 64,500 net migrants have landed over the past year driving a circa 92,000 increase in New Zealand’s population, with Auckland’s population increasing by just over 38,000:
New Zealand’s (particularly Auckland’s) already chronic housing shortage continues to worsen each and every month as dwelling supply fails to keep pace with rampant immigration-fuelled population growth.
Sadly, despite offering a sound election platform of slashing immigration and boosting dwelling supply, the Labour-led coalition government has failed to follow through, instead doubling down on turbo-charged immigration levels as well as backsliding on its commitment to remove urban growth boundaries and watering down its ‘KiwiBuild’ house building program.
New Zealand’s housing shortage has become an intractable mess, and every month Labour is falling further into the housing abyss.