Latest / The Kākā by Bernard Hickey
Bishop wants house prices to halve vs income
TL;DR: Housing, Infrastructure and RMA Reform minister Minister Chris Bishop gave the new Government’s most important and ambitious speech of its first 100 days yesterday, pledging to flood cities with land for homes and help give councils new revenue to pay for the water and transport infrastructure needed to build on that land.
In the process, Bishop set the most substantial housing affordability goal by any Government in a decade, saying he wanted house-price-to-income multiples to more than halve to between 3-5 times income over the next ten to 20 years. The last National housing minister…
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