The February 2011 Christchurch earthquake triggered extensive housing policy changes in New Zealand, forcing local governments to rezone land and allow denser housing. This response was crucial after nearly 200 fatalities and the displacement of 70,000 people contributed to a severe housing supply shortage, leading to increased shelter costs. A 2021 report highlighted the effectiveness of these measures, which accounted for 41 percent of housing growth from 2010-2018. Despite improvements, New Zealand still faces challenges in providing adequate housing, with residents spending 30 percent more of their income than the OECD average.
"The Christchurch City Council estimated that 41 percent of the housing growth from 2010 to 2018 was a result of legalizing denser housing in the city."
"According to one study, rents would have been 28 percent higher without such reforms."
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