Story: Housing

Wheel estate

Wheel estate

In the early 2000s house prices rose to such an extent that they became unaffordable for many first-time buyers. This 2007 cartoon satirises the situation as a wheel or vicious circle in which first-time home buyers become luckless victims of a housing market that favours property speculation.

Using this item

Alexander Turnbull Library
Reference: DCDL-0004711
Cartoon by Mike Moreu

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Ben Schrader, 'Housing - 21st-century challenges', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/cartoon/38668/wheel-estate (accessed 12 December 2019)

Story by Ben Schrader, published 5 Sep 2013