Purpose – The purpose of this paper is twofold. First, the study aims to test whether expectations are adaptive in the Auckland housing market. The second purpose is to examine the interplay between expectations and Auckland housing prices.Design/methodology/approach – In this study, two...

Purpose – The purpose of this paper is to examine housing speculation in Auckland, New Zealand, the second most unaffordable market in the world.Design/methodology/approach – The study considers rental property purchases from 2002 to 2016within the Auckland region. The authors apply a simple...

Many housing markets across the globe have experienced upward trends in real estate prices during the past two decades. The dynamics between housing prices and speculation have been analysed by existing housing literature, but this study has a few features that may deepen the understanding of...