Changes 'needed' to make houses affordable
Updated at 8:41 pm on 8 October 2012
Plans to make the housing more affordable throughout New Zealand are being finalised by the Government and will be unveiled later in October.
The plans follow a Productivity Commission Report on Housing which recommends that more land be freed for housing developments on Christchurch's fringes.
A Lincoln University professor of property studies,
John McDonagh, a professor of property studies at Lincoln, says simply increasing the supply of houses does not mean they will be cheaper.
Professor McDonagh says that even if the Government frees up more land on the city's fringes, he is not sure it will be enough to drive prices down.
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