House prices and Labour

Stuff reports:

New government policies are predicted to put the brakes on an already slowing property market.

But data shows that, historically, it has been Labour governments that have overseen New Zealand’s biggest house price rises.

Data from CoreLogic shows house prices grew 49 per cent from 1990 to 1999, under National-led governments.

Then, from 1999 to 2008, prices rose 113 per cent under the last Labour-led government.

Through the most recent government’s term, there was 69 per cent growth in house prices nationwide.

Useful data to remember.