Planning a way out of housing unaffordability

Dr Elham Bahmanteymouri argues for the return of urban planning to its historical roots, which balanced economic growth with national and regional interests

Once touted as a measure of a successful city, bloated house prices are now a source of unhappiness and hand-wringing across the globe – from Vancouver to Sydney; from Los Angeles to Hong Kong to Auckland.

New Zealand is now one of the most unaffordable countries in the world to buy a house based on price to income ratio (PIR) according to the annual Demographia International Housing Affordability Study 2018, which was released last week.

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Source: Newsroom

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