Jacinda Ardern hopeful Government’s moves will curb NZ’s ‘unsustainable’ housing market | WATCH

Jacinda Ardern told Q+A that the Government is hoping to “take the exponential increases out of the market that we’ve seen,” adding they had seen increases upwards of 20 per cent in the past year.

“I don’t think anyone believes that that is good for New Zealand’s economy. It is certainly not good for our first home buyers and creates potentially a bubble that’s damaging for all,” she said.

However, she’s unclear exactly what impact the policy changes will have, saying even the experts consulted don’t have a consensus on what will happen, apart from “that it would make a difference, the quantum of which is very difficult to pinpoint”.