Infometrics: House prices must drop more to be affordable – RNZ 2 July 2024

Summarised by Centrist

House prices need to fall an additional 16% to achieve affordability, according to Infometrics chief forecaster Gareth Kiernan. This statement follows Housing Minister Chris Bishop’s call for a reduction in house prices. Despite prices being 15.9% below their 2021 peak, the average house remains 10.7 times personal income. Experts highlight the political sensitivity of this issue and suggest that a balanced approach, combining gradual price adjustments with income growth, and easing zoning restrictions, is essential for sustainable affordability without destabilising the economy.

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IAN WISHART: Science Minister Reti, NIWA needs an intervention

Christchurch’s rain “records” are wrong. NIWA’s missing data and false claims are fuelling climate hysteria. Centrist reveals historic deluges that dwarf today’s storms, and why Science Minister Shane Reti must intervene before the damage becomes policy.

SHOW MORE
IAN WISHART: Science Minister Reti, NIWA needs an intervention

Christchurch’s rain “records” are wrong. NIWA’s missing data and false claims are fuelling climate hysteria. Centrist reveals historic deluges that dwarf today’s storms, and why Science Minister Shane Reti must intervene before the damage becomes policy.

SHOW MORE
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