• Economist Shamubeel Eaqub believes New Zealand is heading for a Brexit-style shift in attitudes towards state intervention in housing.

Eaqub says populist movements such as Britain’s vote to leave Europe show people power is on the rise, and he predicts housing will be New Zealand politics’ sorest point.

In a breakfast speech on the construction sector, Eaqub presented many charts showing some fascinating facets of the housing situation.

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If Auckland house prices correct, there will be no soft landing, says Shamubeel Eaqub.

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