Economist warns KiwiBuild is set to disappointSTUFF Housing Minister Phil Twyford says government backing of off-plan developments will ensure they happen. The Government's KiwiBuild programme could add as few as 9200 extra properties to New Zealand's housing stock over the next four years, an economist says. But economist Gareth Kiernan, of Infometrics, said the scheme looked set to disappoint. STUFF The government wants to create 50,000 affordable houses in Auckland - but data indicates only 25,000 renting households earn enough to buy them. Kiernan said the government was also understating how much income would be needed to buy its "affordable" KiwiBuild homes.

Source: Stuff March 08, 2018 06:00 UTC