It is critical that priority be given to implementing the measures needed to alleviate the shortage of housing and land supply, which is the dominant cause of the increase in house prices in Auckland and Christchurch. But the LVR restrictions announced today have a useful role to play alongside the supply measures.
In other words, statistics should focus on laying down the  pathway towards proper interpretation in the present world of data abundance. This would facilitate more informed decision making, clarity in communication from decision makers and formation of rational expectations from market participants. 16.