New report says the current housing crisis is the tip of the iceberg
We are not building enough to meet the looming demographic changes and demands.
In his interview on The AM Show, Leonard Hong highlighted findings from his report, The Need to Build: The demographic drivers of housing demand, which says policymakers should stop blaming the housing crisis on migration and speculation and instead find policy solutions to free up urban development and housing supply.
Demographic changes (such as population growth, ageing, and lower birth rates) mean that New Zealand will need far more dwellings than are currently being built.
Leonard says if we don't act now, future generations - including his - will face abysmal housing affordability prospects.
Watch the full interview below.