Investors blame first home buyers for housing crisis – MacroBusiness

It’s become increasingly apparent that New Zealand is facing another housing bubble.
New Zealand’s housing market has brushed off the COVID-19 pandemic, recording 2.1% value growth in the two months to October to be up 8.0% year-on-year – reaching another record high:
According to CoreLogic:
The support mechanisms put in place by the Government (wage subsidies) and banks (mortgage deferrals) have helped cushion the market, while the Reserve Bank of New Zealands (RBNZ) intervention (Quantitative…

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