Housing shortfall highlighted
The Horizon Research Housing Supply and Demand Survey found 5.9% of adult New Zealanders say they are “definitely” looking to purchase a property within the next year. But only 4% are definitely looking to sell.
The researchers said that indicated a nationwide gap of 29,000 dwellings.
If the loan-to-value restrictions, which limit lending to borrowers with equity of less than 20%, were relaxed, 9.6% of those who said they might buy in the next 12 months would become definite buyers.
The researchers said that could aggravate the supply shortage, particularly in Auckland.
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