Do you still belive this mate?
http://tvnz.co.nz/national-news/conf...-homes-5990838
"Official documents given to ONE News yesterday shows that Housing NZ needs 3000 more homes in Auckland to meet requirements."
Also remember when I said that it was the government not the RBNZ that needed to pick up its game?
"As part of Housing NZ's plan 2000 new homes were to be built in Auckland by late next year, but come February only 81 had been finished. "
Supply is a problem, the government is failing, and now as a result "Housing NZ has resorted to buying homes on the open market in an effort to try and meet urgent demand for state housing."
Absolutely hopeless - so we have a problem with house price inflation, but now after failing to sort the problem on the supply side, the government is now adding to the demand side problem. And you guys think the RBNZ is "not that decisive"?? Get your heads out of the sand people!!
http://tvnz.co.nz/breakfast-news/con...-video-5990843