Noting that New Zealand is facing a housing shortage, Alistair Helm says the Labour and National political parties are not doing enough to ease the problem, especially in helping younger and first-time home buyers obtain financing. He suggests lowering the down payment to five percent, in particular because he says the vast majority of homes built in the last five years have been large, often four bedroom homes. MHProNews has learned from interest.co.nz Helm recommends the government turn to modular housing construction techniques to meet this pressing need.

(Photo credit: nzherald–modular home in New Zealand)