A majority of New Zealanders think the Government should do more to make housing more affordable even if that means property values drop.
That's the finding in a ONE News Colmar Brunton poll conducted around the time Auckland's average house price passed $1 million.
The poll asked Kiwis for their views on what, if anything, the Government should do to make housing more affordable.
Fifty-three per cent said the Government should take further action even if it reduces average property values.
That compares with 31 per cent who supported further action but only if it doesn't reduce property values.
Eleven per cent felt the Government should not take further action.
Prime Minister John key says the Government is "always looking for new initiatives and new ideas and testing where the boundaries should be set".
ONE News political editor Corin Dann says the poll showing a majority of Kiwis are OK with lower property values for more affordable housing is politically significant as it comes just weeks after National attacked the Greens for daring to suggest prices in Auckland might need to fall 40 to 50 per cent over time.
"I was just saying what most New Zealanders know that to have affordable housing prices need to come down and incomes need to rise," Greens co-leader Metiria Turei said today.
But the main parties are still wary.
"There are lot of people buying a house with equity at the moment, and you don't want to see that evaporate before their eyes," Mr Key said.
Labour leader Andrew Little said people want action on affordable housing, adding, "I don't think it's much of an answer to cause financial harm to a whole bunch of others."
Those on the frontlines trying to build affordable houses, like property developer Murray Kee, say there's only one answer.
"Prices will stabilise and drop when there is an abundance of land. It's all about supply and demand," he said.
But the property developer says that price fall in Auckland could be three to five years away.
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