No shit Sherlock

One News reports:

1 NEWS can exclusively reveal from homes.co.nz and shows the more houses that are built in a region, the slower the house price rise is.

In Hamilton, 14.8 percent of its stock has been built in the last decade, and have risen by just over 13 per cent.

and Tauranga also sit around the 14 per cent mark.

In Auckland, where just 9.5 per cent of its homes have been built in the last 10 years, price rises have roared past 20 per cent.

The capital fares even worse, with having had just 7.1 per cent of its stock built in that time, but its price rise is over 22 per cent.

Very good use of to show what many have already argued – the problem is supply not demand.

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