There will undoubtedly be some disappointment at this, given the state of New Zealand’s housing and rental markets. In the year to September 2021, rental rates rose between 3.2% and 7.8%, while annual wage growth was just 2.6%.
While the idea of rent controls can seem attractive at first glance, the evidence suggests the government is right to be sceptical of their ability to help ease the housing crisis.
Why the government is right to rule out rent controls as a housing crisis solution stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.