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Twenty years to fix affordability: Smith

Monday 14th of April 2014

He told the Q&A programme that the target for the Government was to get house prices to about four times incomes.

“Currently in Auckland it's seven. I've set that long-term objective of getting it back to four. That means incomes are growing faster than house prices and you need that repeatedly over a period of a decade or two to get those ratios down,”...

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