Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Affordable Housing

FOR IMMEDIATE RELEASE

16 November 2012

MEDIA RELEASE

Affordable Housing

With the affordability of housing currently circulating the walls of parliament, it seems timely to ask, why are houses in New Zealand so expensive?

Luke Malpass, Research Fellow at The New Zealand Initiative, who is currently conducting significant and intensive research in this area, will be presenting a talk to try and explain why housing is so costly.

The talk, an Initiative@home event based in Wellington, will examine the current state of New Zealand’s housing stock and building rates, and will provide an analysis of why New Zealander’s have come to invest such a large proportion of income into a large unproductive asset – which they call their home.

“With the release of the government’s response to the productivity commission, this is a hot button issue right now, but the situation is complex,” says Malpass who believes a robust and thorough understand of the problems facing the housing market are crucial.

“Why is it that house prices are so artificially expensive?

Malpass will be covering several areas contributing to the housing price explosion of recent decades. He will cover land supply, regulatory burden, the unexplored link between local government finance, and affordable housing, along with other critical issues on this topic.

He will also run through commonly held myths about the housing market and silver bullet solutions in New Zealand.

The Initiative@home at home event will be a good opportunity to commence conversation about this issue of importance to New Zealand’s future.


http://www.nzinitiative.org.nz/


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news