Supply boost could fuel prices
It is hard to escape evidence of Auckland’s housing supply shortage these days.
From central government directives to ramp up land release to tales of people struggling to find properties to buy or rent, it’s all playing out in the headlines.
But while the city desperately needs an increase in housing stock, Auckland University property lecturer Dr Michael Rehm said an increase is unlikely to be a panacea for sky high house prices.
Following a recent conference presentation, Rehm told landlords.co.nz that a rampant increase of housing supply would be most likely to fuel house price growth rather than bring prices down.
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