New Zealand readers say housing policy shake-up isn’t radical enough

New Zealand readers say housing policy shake-up isn’t radical enough

The Guardian

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Many readers say last week’s announcement will have little impact on their – or their children’s – ability to buy a house

Last week we asked Guardian readers about the government’s attempt to rein in New Zealand’s runaway house prices. We heard from investors and renters, first-home buyers and retirees. While some readers – including investors – were supportive, many felt the policy changes didn’t go far enough.

Some pointed out that beefed-up grants to first-home buyers would make little impact in markets such as Wellington and Auckland, with young people still despairing of ever getting a foot on the housing ladder. Many said that the effect on renters had been overlooked, arguing in favour of German-style rent control. Others said they were afraid for their children’s future, while some wrote that they feared they would never be able to afford children.

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