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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-national developments are also important, especially where regions display idiosyncratic trends driven either by demand factors (differential income patterns) or by supply factors...

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

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, a more common form of housing shock in New Zealand. We focus on the … variable. Similar cyclical dynamics could complicate the conduct of macro-prudential policies which are designed to affect bank …

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

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

Grimes, Arthur; Kerr, Suzi; Aitken, Andrew - EconWPA - 2005

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/10005556204

Regional Variation in Rental Costsfor Larger Households

Grimes, Arthur; Sourell, Robert; Aitken, Andrew - EconWPA - 2005

Housing costs comprise a major part of most household budgets. Larger households require greater space than do smaller households but do not necessarily have larger incomes. The cost of extra housing space (e.g. the cost of an extra bedroom) may vary across different locations, both absolutely...

Persistent link: https://www.econbiz.de/10005556243

House Price Efficiency: Expectations, Sales, Symmetry

Grimes, Arthur; Aitken, Andrew; Kerr, Suzi - EconWPA - 2004

response to new region-specific information. We also find that price dynamics are influenced by past regional house sales …

Persistent link: https://www.econbiz.de/10005407861

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

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

Regional Variation in Rental Costs for Larger Households

Grimes, Arthur; Sourell, Robert; Aitken, Andrew - Motu: Economic & Public Policy Research - 2005

Persistent link: https://www.econbiz.de/10005413302

Housing Supply and Price Adjustment

Grimes, Arthur; Aitken, Andrew - Motu: Economic & Public Policy Research - 2006

of supply responsiveness on price dynamics. We demonstrate that a suitably specified q-theory model (including …

Persistent link: https://www.econbiz.de/10005413347

Land Taxes and Revenue Needs as Communities Grow and Decline: Evidence from New Zealand

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

response to new region-specific information. We also find that price dynamics are influenced by past regional house sales …

Persistent link: https://www.econbiz.de/10005413349