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With house prices soaring again the government must get ahead of the market and become a 'customer of first resort'

  • Written by John Tookey, Professor of Construction Management, Auckland University of Technology
With house prices soaring again the government must get ahead of the market and become a 'customer of first resort'GettyImages

House prices are spiking again, with “affordable homes” showing most growth. That’s no surprise really, with multiple factors in play.

Market instability due to COVID-19 is driving asset acquisition — property is the classic port in a storm for investors. Interest rates are at all-time lows and likely to stay that...

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