Quotable Value says average housing value growth is slowing and is likely to slow further

Yes, as I was looking at it from the IRD's point of view, as it's great for them (reduces credits to be deducted from your total tax bill to pay) and at the end of the day, any government would be happy with that, as it overall increases their tax take - but I wouldn't be surprised if National get in next time and scrap it ???

If the government is to claim credit for themselves in that the recent measures, removal of a tax rebate and bright line extension, are resulting in this apparent development as they foresaw, then why in heaven’s name were they not introduced earlier, much earlier?

Regardless of price most young are commitment-phobes and dont want to buy a home. As for the not-so-young who had the same chances as others.... well?

How do you know half are happy to rent?

Brock Landers for new PM, he will do a much better job! Com'on Brock, stop complaining, make a difference if you think things are not right!

Yes Taiwan appears a very well run country.
Xi of China is a poor leader - China's potential is declining under his reign, thanks to his arrogant, power-hungry, authoritarian mindset.

People will only start caring once poverty and crime and general desperation reaches another level or two higher than now.
It's still not sufficiently in people's faces enough yet.
Even then what I have just said is questionable- the well off will deploy more security, and we will start transitioning to South Africa reality

(Some) People have stupid expectations, more news at 10...

To devalue the debt will require high inflation and if we have high inflation we need high interest rates.

The whole inflate the debt away is fine if its the 1980's and people haven't gone crazy by loading up with recorded breaking levels of debt relative to income. If wages don't increase at a rate higher than inflation, its a zero sum game that doesn't make any sense at all. And go and tell your boss or CFO that you want a pay rise higher than the increase in company revenue (i.e. relfective of the rate of inflation) and see what his or her response is like.

Young people now basically buy with the expectation that the govt will devalue their debt over the next decade or so.

This is the generally accepted 'cunning plan.' And the ruling elite still think it's their trump card. Only issue is that inflation of the money supply needs to flow into income. How this is going to happen is going to be most interesting. Furthermore, most people have little to no liquid savings. Now, this is also interesting. Benign income growth with a lifestyle of living paycheck to paycheck / robbing Peter to pay Paul creates all kinds of dilemma. Inflating the debt away is not necessarily as easy as it seems.

Yes but tapping out to overseas has been the case for over a decade. Hence why thousands of engineers and nurses were leaving NZ shores every year for many countries with better healthcare coverage, better housing, better affordability of living costs, higher wages, better support structures and damn near anything but living in NZ and paying NZ housing costs on NZ wages. Staying in NZ is easier when employed by overseas companies but trying to afford NZ housing on NZ wages is long gone. We don't even have nursing accommodation anymore. Don't know how we will house the thousands extra nurses needed for the baby boom generation needing medical support in care and in their homes, especially now we are also removing the only transport option for many of nurses and elderly as well. We likely will and have been trending towards Japan's solution where literal prison is a better option than trying to get housing in NZ and since our prison populations are not getting significantly smaller I suspect that too has been a public housing outlet for a long time. Just commit a violent crime and you get housing, three meals a day, power, water, some heating, and education options. Better than the significant lack of housing support to disabled people who often do not even have bathroom access or any cooked meal prep support. Extrapolate to the growing weight of baby boomers without home ownership plus mental health deterioration and it is easy to see where we are heading.

Sums up part of the problem we're facing though Donny...everyone is just thinking in terms of me and my family - not from a utilitarian view.

The view you show above, it the sign of a society in serious decline and usually prior to it breaking down.

Looks more like a stagflationary environment.

Incomes are not really increasing. To conclude that it will never stop is a dangerous folly.

Well then. That also "Sums up what is wrong with NZ now". Especially from a bank that could not get their testers to ensure Kiwisaver contributions we entered into the correct accounts or reading the right date from the database and pocketed much of the difference without reparations to the lost investment income of those kiwisavers.

UK's house price index is lower than NZs. Salaries are much higher too, especially if you want to use London as a comparison. House price rises there have compensated the removed stamp duty tax too. And there are other cities, such as Bristol, that are much cheaper and commutable to London (at just over an hour via train). There's also the benefits of living in a country that embraced work from home a lot more than NZ has. And this is ignoring life style choices. I'd recommend anyone skilled youth wanting to experience life try London.

I recently returned from London.

Auckland is a sad clown show in comparison.

Despite the best efforts of the Brexit movement, London is still one of the great cities of the world with high incomes. Even public sector workers get a booster payment to live there compared to the rest of the country. Hardly comparable to anywhere in NZ.

My house in the UK is in a second tier city about the size of Christchurch. It's a 2 bed with a large garden in the suburbs. Cost 125k 10 years ago, now worth 175k - this is more representative of much of the UK.

Lots of positives in those numbers. Where is your god now Mike Kirk and the DGMs??? Property gains to continue.