‘Haves and have-nots’: how the housing crisis is creating two New Zealands – a photo essay

The next generation will be increasingly divided into those can leverage intergenerational wealth to buy a home, and those who cannot

Returning home to a country he couldn't afford to secure a home in, New Zealand photographer Cody Ellingham began to roam suburban streets at night with his camera. In a new series of photographs, he reflects the unease and discomfort of a generation locked out of one of the world's most unaffordable housing markets.

Earlier this month, property data analytics companies said the average national house price was hitting between NZ$937,000 and $1m, nearly eight times the annual household income. Real Estate Institute data shows there was a 31% increase over the year to July.