4 Apr 2022

Planning rules behind housing shortfall, prices rocketing up

From Midday Report, 12:17 pm on 4 April 2022

In housing news, research shows we're building up to a third fewer homes than we used to.

Over the past 20 years, house prices have grown faster than in any other developed country.

The Infrastructure Commission has looked at what's been happening in the sector since the 1930s, finding changes to planning rules are a big reason for under-supply and price growth.

Its economic director Peter Nunns spoke to Max Towle about his research [external link to pdf].