House prices are about half the national average and rents one third cheaper. While this makes home ownership more attainable for some, there is growing unaffordability for aspiring homeowners as growth in household income levels is not matching the rapidly rising house prices and rents.
Two key challenges for Southland relate to its very old housing stock and its mismatch in the types of homes to meet its current and future population needs. This means that there is a focus on building more homes that are smaller and warmer as well as supporting homeowners to retrofit their homes.
Research and consultation undertaken as part of the Beyond 2025 planning process included a housing stocktake of all 46,761 homes and a needs assessment which looked at current and future demand and associated sufficiency.