A housing policy lesson from New Zealand

New Zealand’s recently-introduced restrictions on residential mortgage lending have quickly cooled its overheated property market. It’s a valuable lesson Australian policymakers should take on board.

Australia and New Zealand share a lot in common and throughout history Australia has learned much from its little neighbour across the Tasman Sea. From voting rights to same-sex marriage, the Kiwis have often paved the way for their bigger and more conservative mate.

New Zealand is once again leading the way; this time with regards to housing policy and it is lesson that Australian policymakers should take on board.

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