Govt called on to address housing affordability

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Govt called on to address housing affordability

3News NZ

Michael Wilson

Michael Wilson

New Zealand financial markets are expecting the Reserve Bank to stick to its no change policy this morning when it announces its latest Official Cash Rate setting.

The eurozone crisis is alarming but there are signs of life in our economy.

With interest rates staying low, there are more calls for the Government to address the issue of housing affordability.

3 News Business Editor Michael Wilson speaks to Firstline's Rachel Smalley – watch the video.

 

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Comments

16/07/2012 9:32:15 p.m.

David wrote:

Surely the focus must be on the demand side? This government has been using immigration to keep prices unaffordable and create demand for their property developer mates. It has to stop otherwise we will end up like the UK or other countries that have a messed up future.