NZ Initiative: Auckland to remain 'crowded house' for new arrivals

NZ Initiative: Auckland to remain 'crowded house' for new arrivals
New Zealand Initiative researcher Leonard Hong.
Brent Melville
New Zealand’s housing affordability crisis will continue to worsen even if migration slows to a trickle, according to modelling by policy think tank, The New Zealand Initiative.In its latest report, 'The Need to Build, the demographic drivers of housing demand', researcher Leonard Hong said political “buck-passing” has served to create extremely expensive housing markets in cities such as Auckland and Wellington, and a national housing crisis.According to the 2020 international affordability survey by Demographia, Auck...

More Property

Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024
Action against Hawkins directors stalled
Property

Action against Hawkins directors stalled

Proceedings by the failed group's liquidators relate to a leaky building claim.

Maria Slade 24 Jul 2024
Arvida buyout lifts retirement sector
Property

Arvida buyout lifts retirement sector

On Tuesday, Arvida traded volumes of $127 million. Its competitors followed suit.

Gregor Thompson 24 Jul 2024
The change of heart behind Arvida’s US private equity buyout
Property

The change of heart behind Arvida’s US private equity buyout

The company’s share price rose 55% after the announcement.

Gregor Thompson 23 Jul 2024