What role do banks play in the housing crisis?

What role do banks play in the housing crisis?

By Michael Rehm If banks’ lending behaviour is found to have contributed to New Zealand’s housing quagmire, then banks must be held to account and share the pain when the bubble inevitably bursts, writes the University of Auckland’s Michael Rehm. New Zealand’s...
Why is housing so unaffordable?

Why is housing so unaffordable?

By Michael Rehm New Zealand is the second most overvalued housing market in the world, with Auckland its most unaffordable city, writes Michael Rehm. Auckland was not always unaffordable. At the 1966 Census the $9,900 average Auckland home price was just under three...