Quote Originally Posted by Bjauck View Post
The Reserve Bank has clearly thrown the responsibility for tackling high rents and First Home Buyers being priced out of NZ housing on to the Government.

“[T]he house price level may be sustainable in a market sense, even though rents may be high and deposits unaffordable for prospective first-home buyers.
“In this case, there are social costs that go beyond the implications of house prices for the Bank’s financial stability mandate and these call for a broader public policy response,” the report said"
https://www.stuff.co.nz/national/pol...fordable-house
The market will sort out rent levels as long as the govt. keep their noses out of it. Housing would too, once again if the govt kept out of it. Town planning and zoning restricts new supply. Sort that out - and let the market solve any problems.