Kiwis blame investors, migration for housing crisis

New Zealanders blame investors, foreigners and net migration for the housing crisis, with only 11 per cent accepting the Government's view that lack of supply is the leading cause, according to a survey by the BNZ.

The BNZ Financial Futures survey, which polled 2000 people and was conducted by Colmar Brunton, found that 35 per cent of kiwis rated property investors as the leading cause of the crisis.  About 25 per cent blamed either net migration or foreign investors for the overheated property market.

New Zealanders blame investors, foreigners and net migration for the housing crisis, with only 11 per cent accepting the Government’s view that lack of supply is the leading cause, according to a survey by the BNZ.

The BNZ Financial Futures survey, which polled 2000 people and was conducted by Colmar Brunton, found that 35 per cent of kiwis rated property investors as the leading cause of the crisis.  About 25 per cent blamed either net migration or foreign investors for the overheated property market.

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