Build more bloody houses - Little

Labour Party leader Andrew Little

Labour Party leader Andrew Little has told media that New Zealand’s massive housing supply shortage can only be rectified by building more houses.

Price changes are not a solution to the problem as there are tens of thousands less houses than are needed to accommodate the population, he said.

Estimates of the extent of the country’s housing shortage range from a nationwide shortfall of 60,000 houses up to 100,000 or even 500,000.

Last week Westpac estimated that Auckland alone currently has around 35,000 too few homes and should be building around 11,000 new homes per year to keep up with the population.