Feature article
New Zealand housing crisis: what’s really going on?
We delve into why our long-running property challenges continue to hold tight.
12 December 2025
AI summary
Despite recent softening in house prices and rents, New Zealand's housing crisis persists. Caused by decades of undersupply and restrictive planning, it disproportionately affects renters, first-home buyers, and vulnerable families.
The Government's Going for Housing Growth policy aims to tackle this by freeing up land and reforming the RMA. While conditions are stabilising, experts agree that long-term, sustained action is required to solve the deep-seated affordability and supply issues for good.
What we’ll cover:
A quick snapshot of the housing crisis
What caused the crisis?
A long term slide in housing supply responsiveness
Affordability pressures
Rents and rental shortages
Who is most affected by the housing crisis?
Children and vulnerable families
A safe, dry home shouldn't be a luxury for our youngest Kiwi. Unfortunately, poor-quality housing is still shaping the health outcomes of thousands of New Zealand children every year.
Māori & Pacific whānau
Renters
First home buyers
What the Government is doing to tackle the housing crisis
Going for Housing Growth is built around three main ideas:
The Government's plan is to tackle the housing crisis by pushing councils to allow cities to grow both up (intensification) and out (expanding the urban fringe).
Flagship planning reform: RMA replacement
Is the housing crisis improving?
What might help solve the crisis long-term?
What this means for buyers, renters, and families right now
For first-home buyers
For renters
For families and vulnerable households
An optimistic future
Author
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