PHOTO: CHARLIE GATES – The cost of land is one of the main reasons for pricey homes in NZ.
Auckland prices are stabilising! Now you can buy a house! Well, not really. Kiwi houses are still very expensive. Charlie Gates looks at why and finds out it has nothing to do with avocados on toast.
In May 2017, property developer Tim Gurner was asked if young people faced the prospect of never owning a home.
His answer gave the world a symbol for the housing crisis.
“Absolutely, when you’re spending $40 a day on smashed avocado and coffee and not working. Of course. Absolutely,” he said.
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