The OECD is calling for an easing of land-use rules, the building of more social housing, and is cautious about rent controls in a new “toolkit” to ease the housing crisis afflicting many countries.
In a report published on Tuesday, the OECD said New Zealand had land-use policies that weakened the feedback loop from higher house prices through increased construction to house price moderation.
This would do more than anything else to reduce house prices. Labour know this. They campaigned on it in 2017 but broke their promise and have done almost nothing to free up land for housing.