Originally Posted by
Gunner
Ultimately it comes down to supply. Yes demand has been given a sugar hit from the lvr removal and low interest rates but if the supply was there it would take care of the demand in that investors wouldn't buy empty houses.
Government should encourage new houses by offering a $50k loan for new houses for new first home mortgages. To be paid back in full if sold within 5 years or written off if over 5 years. Removes speculators, creates huge demand and creates jobs. Nz needs to build, build, build. Enough is enough of this rampant house inflation. Not good for the long term economy of the country.