Making Home Ownership Affordable


Home ownership has become prohibitively expensive for most aspiring home owners since 2002.  The international standard of affordability is that the cost should not exceed three times the median income of a household.  In New Zealand, the median house price is nearly six times the median wage.  Low housing stock and high prices mean that the market is not operating properly.  If more New Zealanders owned their own home they could improve their living standards without a landlord’s approval.  The right incentives could encourage property speculators to invest outside property, and housing would become more affordable as demand was met.  Implementing the recommendations of the House Prices Unit, the Tax Working Group and the 2025 Taskforce for a capital gains tax, and using the revenue to finance incentives to invest in building new housing and investing in New Zealand companies will result in affordable house prices and a more productive economy.

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This website has been designed to enable you to investigate the issue of affordable home ownership .  The Links page allows you to explore further if the website or its  accompanying report have excited your interest.  The full bibliography used in this report can be found as a separate document on the Downloads page, along with other policy-related materials.  If you have any suggestions on how this site can be improved, please leave a comment on the Feedback page.