COMMENT: Housing supply increase is being hampered
The NZ Property Investors Federation (NZPIF) welcomes the Budget 2020 announcement last week that the Government plans to fund 8,000 new houses with 2,000 of these being made available for emergency housing.
However, the reality is that even more houses are required.
Of the 600,000 tenancies in New Zealand, 90% are provided by the private rental sector with only a small percentage available through Housing New Zealand and other community-based organisations.
Although any house available for rental is a help, having an excess supply of these is the only way to solve the current issue.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] KiwiSaver in play; but outcome unclear](https://goodreturns.publit.io/file/c_fill,w_300,h_200/0ad582e4-c9a3-4692-bbe2-62d928f77fd2.jpg)
