Editorial: One more measure of the housing crisisSIMON MAUDE/FAIRFAX NZ New Zealand's housing market is the most unaffordable in the developed world, The Economist says. New Zealand prices have grown the most, in real terms, since 1980. There are several important causes of the housing crisis, including unusually low interest rates, a failure to tax property investment fairly, overbearing local body regulations and market failure. But there is also one more, which has been muted in the housing debate since the Labour Party's questionable "Chinese-sounding names" stunt. In fact, even this widely cited 3 per cent figure is a flawed and inadequate one that does not give a true picture of overseas buyers.

Source: Stuff March 19, 2017 15:56 UTC