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 … impacts on two outcome variables: house prices and housing supply; both shocks cause substantial cyclical adjustments in each …

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 … impacts on two outcome variables: house prices and housing supply; both shocks cause substantial cyclical adjustments in each …

New Zealand experienced two natural experiments with respect to state-provided social housing after 1990. First, while … policy aim of providing housing to those most in need. While vacant sales had no material effects, a greater number of …

that the New Zealand housing market, or a specific regional housing market (e.g. Auckland), is part of a broader … Australasian housing market. If this were the case, New Zealand house prices would converge to a broadly stable ratio of house … prices in Australia. One reason this could occur is if international macroeconomic and asset price trends dominate housing …

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 … simulating the effects of shocks to the housing market. The paper presents simulations of the impacts of shocks to exogenous …

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 non-metropolitan regions; and second, the economic, social and environmental …

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 … to locate in particular areas where housing costs most appropriately fit their needs. Our analysis uses tenancy bond …

An efficient housing market is of critical importance for individual welfare and for a well-functioning economy. We … to 2002. The tests indicate that regional housing markets converge to an equilibrium consistent with consumer optimising … response to new region-specific information. We also find that price dynamics are influenced by past regional house sales …