Two articles together on interest.co.nz

https://www.interest.co.nz/property/...1-june-quarter

The cost of building a standard three bedroom house declined by 1.1% in the June quarter

https://www.interest.co.nz/economy/1...bank-performs-

Economists say interest rates could be cut as soon as August after the Reserve Bank performs ‘dovish pivot’ at July meeting

You either want affordable housing or you don't.

Get rid of inflation targeting and you might get affordable housing. Sad that the speculators have Adrian and the govt (Labour or National) on their side.