Amazing study by the treasury, the lead advisor to the govt on economic and financial policy.
House price growth decreases inequality overall. This is due to 64% of people owning houses and for most people that is their largest asset so when house prices rise they decrease the gap between the very rich and the home owners.
And here is me thinking Labour had forgotten their roots when all along they are just trying to get back to that good old NZ egalitarian ideal by boosting house prices with the help of the RBNZ.
https://www.interest.co.nz/public-po...ns-gap-between