NZ Government waves white flag on Kiwibuild


Earlier this year, Housing Minister Phil Twyford backslid on the Government’s ‘KiwiBuild’ program to build 100,000 public houses, delaying the start date and changing the policy from “build” to “facilitate” the “delivery of 100,000 affordable dwellings”, as well as changing the definition of “affordable”.

Now, the NZ Government has waved the white flag, abandoning its building target and announced a bunch of demand-side measures that will inflate prices:

The Government has, after nine months, revealed its “housing reset”.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.