31 Oct 2015

Auckland mayor hopeful house prices are stabilising

6:54 pm on 31 October 2015

Auckland Mayor Len Brown says he believes house prices in his city are stabilising.

But he said more houses still needed to be built to keep up with demand.

Len Brown told TV3's the Nation extra houses would help keep prices down.

He said there was still a shortfall of up to 30,000 houses to meet demand over the next three to five years.