Grimes, Arthur; Kerr, Suzi; Aitken, Andrew - EconWPA - 2003
Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is … is strongly associated with their local economic conditions. Housing is also a major factor in influencing migration … decisions and, hence, regional mobility. To shed light on the behaviour of the New Zealand housing market, we examine the …