In a press conference last week, New Zealand Housing Minister Chris Bishop made the case that his nation needed to decouple economic growth from housing price increases, regardless of how challenging that may be in the short term.
Bishop made the case that the Kiwi economic recovery needs to be driven by broad-based growth in productivity and not rising housing prices.
“We’ve got to decouple the idea that the economy is linked to house price growth. It’s not.”
