Prime Minister Jacinda Ardern speaks on rising house prices and reacts to calls for the Government to intervene in the Reserve Bank's decision making. New Zealanders need to be willing to accept house price falls if the country wants to find a solution to the housing crisis, ANZ economists say. “Political buy-in for a fundamental change within the housing market is needed. READ MORE:* An economy built on rising house prices: Is property our path to recovery? * House price fall no longer on the cards, say Westpac economists* Editorial: Of course house prices must come downWhile this goes against the “Kiwi psyche” and expectations of perpetual house price increases, ANZ’s economists said it was absolutely necessary for house prices to truly become more affordable.

Source: Stuff December 15, 2020 23:15 UTC