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New Zealand has lots of land available. Zoning can be an issue. That said we have very low density housing. I think compliance costs and times don't help. Neit
by xupybd 5y ago
New Zealand has lots of land available. Zoning can be an issue. That said we have very low density housing.
I think compliance costs and times don't help. Neither does our building code. We should allow the use of materials that have been approved in more advanced countries like Germany.
The real cause has been low interest rates. People borrow as much as they can. At sub 2% rates they can borrow a lot and are pushing prices up.