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 vector...

This research examines housing price volatility and its determinants in Auckland, New Zealand. It differs from the existing literature by dividing residential sales into four groups: leveraged investment (LI), leveraged owner-occupancy (LO), unleveraged investment (UI) and unleveraged...

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 2016 within the Auckland region. The authors apply a simple...

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...

Purpose: Numerical superstition is well-known in Asian countries and can influence decision-making in many markets, from financial investment to purchasing a house. This study aims to determine the house price effects of superstition and understand if these have changed over time....

Globally, the single-most observable, predictable, and certain impact of climate change is sea level rise. Using a case study from the Kapiti Coast District in New Zealand, we pose a simple question: Do people factor in the warnings provided by scientists and governments about the risk of...