Kiwipolitico: The housing problem isn’t a housing problem; it’s a regional development problem
The national median house price is $415,000, a figure skewed substantially upwards by the extraordinary cost of housing in Auckland. But you can buy a three bedroom house a for a lot less outside the urban areas. There just aren’t jobs to go with them. The chart shows income and employment growth by region. The growth is just not there. Correct that, and it might correct the supply in the urban centres.