Formats and related files
Speech delivered by Dominick Stephens, Deputy Secretary and Chief Economic Advisor, at the Economic Policy Centre Workshop on Housing Affordability, University of Auckland Business School, 9 September 2022
Housing prices are a key issue for the wellbeing of New Zealanders. The key cause of rising house prices in New Zealand over the past twenty years has been a combination of restricted urban land supply, a global decline in interest rates, and the tax system. Dominick Stephens’ speech discusses the Treasury’s views on the implications for policy.