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A Simple Model of Housing Rental and Ownership with Policy Simulations

Coleman, Andrew; Scobie, Grant - Motu: Economic & Public Policy Research - 2009

This paper develops a simple model that captures the essential features of the supply and demand for housing, and which is used to evaluate the impact of a range of policy interventions. The model incorporates functions describing the demand to rent or purchase housing, a function describing the...

Persistent link: https://www.econbiz.de/10008502084

Bi-Directions Impacts of Economic, Social and Environmental Changes and the New Zealand Housing Market

Grimes, Arthur; Kerr, Suzi; Aitken, Andrew - Motu: Economic & Public Policy Research - 2004

This report was prepared for the Centre for Housing Research Aotearoa New Zealand (CHRANZ). The aim of this study is to identify a set of housing research projects addressing two related topics. First, the impact of economic, social and environmental changes on housing in New Zealand's...

Persistent link: https://www.econbiz.de/10005413301

A State Housing Database: 1993-2009

Grimes, Arthur; Stillman, Steven; McDonald, Hugh; … - Motu: Economic & Public Policy Research - 2010

The 1990s saw a significant sell-off of state houses in New Zealand, while the 2000s saw a material rebuilding of the state house inventory. We provide in-depth documentation of a rich spatially-defined dataset of the stock, acquisition and disposal of New Zealand’s state houses since the...

Persistent link: https://www.econbiz.de/10010856284

Housing Markets and Migration: Evidence from New Zealand

Stillman, Steven; Maré, David C. - Motu: Economic & Public Policy Research - 2008

New Zealand's large and volatile external migration flows generate significant year-to-year fluctuations in the demand for residential housing. This paper uses population data from the 1986, 1991, 1996, 2001 and 2006 New Zealand Censuses, house sales price data from Quotable Value New Zealand...

Persistent link: https://www.econbiz.de/10005125070

New Zealand Housing Markets: Just a Bit-Player in the A-League?

Grimes, Arthur; Holmes, Mark - Motu: Economic & Public Policy Research - 2010

House price trends in each of New Zealand and Australia are frequently discussed as national level developments. Sub … prices in Australia. One reason this could occur is if international macroeconomic and asset price trends dominate housing … Zealand and Australia to examine the degree of differentiation across regional housing markets. While some minor regional …

Persistent link: https://www.econbiz.de/10008642391

Housing Market Dynamics and the GFC: The Complex Dynamics of a Credit Shock

Grimes, Arthur; Hyland, Sean - Motu: Economic & Public Policy Research - 2013

We analyse the multiple channels of influence that GFC-induced credit restrictions had on New Zealand’s subnational housing markets. Our model isolates dynamics caused by impacts on the supply and the demand sides of the market. These dynamics are compared to those caused by a migration shock,...

Persistent link: https://www.econbiz.de/10010856277

A New Zealand Regional Housing Model

Grimes, Arthur; Hyland, Sean; Coleman, Andrew; Kerr, James - Motu: Economic & Public Policy Research - 2013

The New Zealand Regional Housing Model (NZRHM) includes estimated equations for four key housing market variables: house prices, housing supply (new dwelling consents), residential vacant land (lot) prices, and average rents. Long run (cointegration) relationships and short run (error...

Persistent link: https://www.econbiz.de/10010856283

Passing the Buck: Impacts of Commodity Price Shocks on Local Outcomes

Grimes, Arthur; Hyland, Sean - Motu: Economic & Public Policy Research - 2013

The extent to which exogenous international agricultural price fluctuations are internalised by rural communities is of major interest for policy-makers concerned with regional economic performance. So too is the link between rural sector performance and urban outcomes, especially in...

Persistent link: https://www.econbiz.de/10010712599

Impacts of Planning Rules, Regulations, Uncertainty and Delay on Residential Property Development

Grimes, Arthur; Mitchell, Ian - Motu: Economic & Public Policy Research - 2015

Dwelling prices are determined in the long run by the total costs of a development, where costs include regulatory costs, including costs of delay and uncertainty. We outline a conceptual framework for the development process and then develop a real options model of housing development that...

Persistent link: https://www.econbiz.de/10011123653

Patterns of population location in Auckland

Maré, David C.; Coleman, Andrew; Pinkerton, Ruth - Motu: Economic & Public Policy Research - 2011

This paper uses spatial statistical techniques to examine the economic determinants of residential location patterns in Auckland in 2006. The primary empirical focus of this paper is descriptive. We seek to establish the extent to which there are identifiable population subgroups that cluster...

Persistent link: https://www.econbiz.de/10009644189