19 May 2021

Kiwibank economist would love to see house prices fall

From Morning Report, 6:08 am on 19 May 2021

KiwiBank's chief economist Jarrod Kerr says he would love to see both house prices and rents fall.

The Finance Minister Grant Robertson yesterday signaled that the brunt of the Government's housing plan was already outlined in March - leaving little new for tomorrow's Budget.

But Jarrod Kerr told RNZ deputy political editor Craig McCulloch the government needs to do a lot more to address an estimated housing shortage which he says could be as much as 70,000 homes.