The affordability of housing in New Zealand, or lack of thereof, is a large and multifaceted problem, further exacerbated during the Covid-19 pandemic. The prospect of home ownership has become an even more distant dream for a large demographic group.
Young Professionals or young families in particular, often find that securing funding for an average first house is cumbersome even if their family income is above average, thus facing the prospect of renting for life. Housing un-affordability when disproportionate, may have societal implications.
The demographic groups described above, often are environmentally conscious and would like their house to have sustainability credentials however, due to the skyrocketing prices and also due to the fact that eco-friendly housing often comes at a premium, owing one such is often unattainable. However, a smartly designed and efficiently constructed house that can achieve a good Homestar rating (6+) does not have to be beyond reach to many, in fact this type of housing should be the mainstream.
Young Professionals or young families in particular, often find that securing funding for an average first house is cumbersome even if their family income is above average, thus facing the prospect of renting for life. Housing un-affordability when disproportionate, may have societal implications.
The demographic groups described above, often are environmentally conscious and would like their house to have sustainability credentials however, due to the skyrocketing prices and also due to the fact that eco-friendly housing often comes at a premium, owing one such is often unattainable. However, a smartly designed and efficiently constructed house that can achieve a good Homestar rating (6+) does not have to be beyond reach to many, in fact this type of housing should be the mainstream.