Tackle restrictions on development - report

The think tank has just released an election policy manifesto of suggestions for the next government and it identifies housing as the biggest wedge between economic performance and living standards.

Unaffordable housing has ripple effects across the economy and unduly ties the country’s fortunes to the property market, the report warns.

“The worst outcome of escalating home prices is they split society into property owners and those permanently locked out of the market.

“The property ladder, which once allowed New Zealanders in their 20s to own a home, has lost its bottom rungs.”