“I think if I was in the property market I probably would have made a lot more money, but I’d probably be bored out of my mind.”He is talking about New Zealand’s national religion: the faith-based property market where every new day brings a rosier house price valuation and the possibility of anything else is underwritten by the State. “For me the way that the Government goes about some of this stuff causes these beliefs in people that their businesses can’t fail, the banks can’t fail, the property market can’t fail,” ​Abeysuriya says. ​Eaqub says these measures will help slow down house price growth by putting a limit on what people can borrow. The theory goes that if the whole market is unable to borrow as much money to buy houses then we should see house price growth slow. A whole generation has only really lived in a world where property prices and rents go up.

Source: Stuff August 03, 2021 17:01 UTC