D1023319:JimmyH: The fundamental driver of prices seems to me to be an imbalance between demand and supply, with constraints on supply meaning that demand pushes prices ever higher. There does seem to be some merit in what the Govt claims to be doing to tackle the supply-side of the housing market (land supply, cost of building materials, cost and time taken to consent etc). On the demand side of the probl;em there seems to be less they can do, unless they are willing to tighten immigration rules.
As you say immigration is the key.
Personally I am as much concerned by our system that allows NZ people to have duel passports.
i.e. once a kiwi, always a kiwi not matter how long you have abroad.
So whats to stop the vast hoards that have left this country coming back here to retire, driving up house costs and being a drain on our health services???
With the Aust economy about to go through real rough patch, is this something we should be concerned about?
Are you saying that New Zealanders that are overseas should not be allowed to return? If so that is so wrong.