Photo: ODTQueenstown's mayor has formed a task force to tackle housing affordability as the Central Otago Lakes region officially overtook Auckland to become the least affordable region for housing in the country. Research released yesterday showed the Central Otago Lakes region had usurped Auckland’s unenviable crown as the least affordable region for housing in New Zealand. Massey University’s Home Affordability Report showed while housing affordability in New Zealand had improved during the December to February quarter, unaffordability continued to grow in Central Otago Lakes. In response to the crisis, he had formed a mayoral task force, to investigate ways to address the issue. The area’s affordability was also on the Government’s radar; the Queenstown Lakes Housing Accord was agreed with the council in 2014.

Source: Otago Daily Times April 06, 2017 21:00 UTC