NZ dumps housing scheme

The NZ Government has dumped its flagship housing policy, KiwiBuild, which was launched in 2018 by prime minister Jacinda Ardern as it repeatedly failed to meet targets.

New Zealand house prices are among the most unaffordable in the world, with Auckland the seventh most expensive city to buy a home, and all three major cities considered “severely unaffordable” by the latest Demographia international housing affordability survey.

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