27.07.2012 - NZ: House prices 'ridiculous'

House prices are ridiculously high and the fact that none are being built for people on low incomes is unsustainable, says Finance Minister Bill English. English said housing affordability was "quite a turn-off for young Kiwis". "The prices you pay for a house are ridiculous and they look that way to 24-year-olds with lots of student debt and the prospect of better pay in Australia," he said..............................................Full Article: Source

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