A senior journalist and news editor at interest.co.nz, David Hargreaves has covered financial markets and economics for 35 years both in New Zealand and Britain.
We needed a reasonable period of time to allow the recent surging wave of highly geared first home buyers to get financially comfortable. We didn't get it.
Have we just seen a turning point for the house market in New Zealand?
Sure, KiwiBuild has gotten off to a rocky start, but it's far from a disaster, argues David Hargreaves. In fact, with a few simple tweaks, it could even become a success.