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Leonard Hong: New Zealand Initiative warns worst of housing crisis is yet to come
Manage episode 285647712 series 2098280
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
A business think tank is warning the worst of the housing crisis is yet to come, if we don't build more homes sooner.
The New Zealand Initiative has modelled 36 scenarios for the country's future.
In most scenarios, about 14,000 more homes need to be built each year, to keep up with rising demand.
Researcher Leonard Hong told Kate Hawkesby the Government needs to shift its focus from housing demand, to increasing housing supply.
He says tinkering with demand won't address the underlying housing shortage.
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The New Zealand Initiative has modelled 36 scenarios for the country's future.
In most scenarios, about 14,000 more homes need to be built each year, to keep up with rising demand.
Researcher Leonard Hong told Kate Hawkesby the Government needs to shift its focus from housing demand, to increasing housing supply.
He says tinkering with demand won't address the underlying housing shortage.
LISTEN ABOVE
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