New homes can’t be built quick enough to cool Wellington’s hot property market

  • Wellington has admitted it cannot build new homes fast enough to solve its current housing shortage and take the sting out of its rapidly-heating property market.

Less than two years into a five-year plan with the Government to build 7000 new homes in the capital, the city council has admitted it will never achieve that goal, having missed every target along the way thus far.

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JOHN NICHOLSON/FAIRFAX NZ
New homes are not being built as quickly as many had hoped in Wellington.

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