Matthew Gilligan – AKL House Price Inflation Problem

AucklandAuckland’s rampant house price inflation is due to a historical net supply problem says Matthew Gilligan of Gilligan Rowe & Associates.

In a recent article on the GRA website Matthew suggests a lot more work needs to be done to improve the consenting process and lower the cost of building materials so the supply of new housing can be sped up.

A greater supply of houses will reduce the demand for them and thus curb house price inflation.

Matthew’s article is a must read. It counterbalances the popular ‘sheep mentality’ commentary that’s prolific online, suggesting the cause of high price values is primarily due to unfair tax breaks for property investors, and overseas buyers.

This blog article was written for PropertyBlogs by Mobilize Mail.

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