The high cost of expensive housing and how Auckland fixed it
I think it&#x27;s way too early to say Auckland has fixed house prices. Auckland has made some improvements to zoning through the Unitary Plan, and the New Zealand government has 2-3 pieces of legislation which also increase the potential for supply in all NZ cities, but the Auckland City Council still does severely restrict supply, and the fundamentals of property ownership, tax, and landlording haven&#x27;t changed, so I don&#x27;t foresee house prices returning to a more sensible price-to-income ratio, even if they improve somewhat.<p>Hopefully we can implement a land value tax and&#x2F;or build lots of public housing, to fix the fundamentals.