Land Supply Constraints And Housing Prices In New Zealand
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Land Supply Constraints And Housing Prices In New Zealand
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Author : Mario Andres Fernandez
language : en
Publisher:
Release Date : 2016
Land Supply Constraints And Housing Prices In New Zealand written by Mario Andres Fernandez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Housing categories.
"The housing sector in New Zealand is not meeting the needs of an increasing population. The National Policy Statement on Urban Development Capacity (NPSUDC) mandates that plans of high and medium growth regions and cities should provide development capacity to meet long-term housing demand and improve housing affordability. The success of the NPSUDC relies on the responsiveness of housing prices to changes in land supply. Results from a calibrated model show that a 10 per cent decrease in Auckland's housing prices requires land supply to increase by 17 per cent, equivalent to 78,000 additional dwellings. A 50 per cent decrease in prices requires a 184 per cent increase in land supply, equivalent to 385,000 additional dwellings. However, price responsiveness is decreasing as preferences to stay or settle in Auckland become stronger. That is, increasingly large changes on land supply are needed to achieve price decreases. Hence, land supply per se is insufficient to improve housing affordability"--Publisher description.
Policies To Rebalance Housing Markets In New Zealand
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Author : Calista Cheung
language : en
Publisher:
Release Date : 2011
Policies To Rebalance Housing Markets In New Zealand written by Calista Cheung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Housing Supply In The Auckland Region 2000 2005
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Author : A. Grimes
language : en
Publisher:
Release Date : 2007-01-01
Housing Supply In The Auckland Region 2000 2005 written by A. Grimes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Home ownership categories.
Regional Housing Markets In New Zealand
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Author : A. Grimes
language : en
Publisher:
Release Date : 2006
Regional Housing Markets In New Zealand written by A. Grimes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Housing categories.
Oecd Economic Surveys New Zealand 2011
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2011-04-27
Oecd Economic Surveys New Zealand 2011 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-27 with categories.
OECD's 2011 periodic review of New Zealand's economy. This edition includes chapters covering sustainable growth, rebalancing housing markets, product market regulation, and green growth and climate change policies.
New Zealand
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2018-07-03
New Zealand written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-03 with Business & Economics categories.
This Selected Issues paper focuses on gaps and multiplier effects of infrastructure investment in New Zealand. There has been high quality work done to quantify the infrastructure gap for New Zealand by Oxford Economics on behalf of the Global Infrastructure Hub, drawing on international experiences and local data sources, but recognizing the risk that the infrastructure gap may be even larger than that stated in this work. This paper provides further analysis about the effects on New Zealand’s economy of closing the infrastructure gap. Closing the gap has quantifiable benefits, not just because it is a short-term stimulus to aggregate demand, but because of longer-lived effects on productivity, benefiting all sectors of the economy. There are prospective gains from closing New Zealand’s infrastructure gap. New Zealand has improved its infrastructure spending in the past several years. Nonetheless, there is scope to expand it further, to reduce its (admittedly small, but probably understated) infrastructure gap to match other advanced economies, and possibly help with regional development concerns.
Oecd Economic Surveys New Zealand 2019
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2019-06-25
Oecd Economic Surveys New Zealand 2019 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-06-25 with categories.
Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.
Housing Supply And Price Adjustment
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Author : A. Grimes
language : en
Publisher:
Release Date : 2006
Housing Supply And Price Adjustment written by A. Grimes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Housing categories.
Quantifying The Costs Of Land Use Regulation
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Author : Kirdan Lees
language : en
Publisher:
Release Date : 2018
Quantifying The Costs Of Land Use Regulation written by Kirdan Lees and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
"Land use regulations vary in the restrictions and enforcement that applies across time and space. That variation makes it difficult to determine when land use regulations hinder the flexibility of housing supply using a single time series method, so a range of approaches and country case studies may be most appropriate to test impacts. We use four methods to test for impacts of land use regulation in New Zealand and extend existing efforts by utilising unit record data on house sales and construction type. We find: (i) house prices outstrip construction prices in many New Zealand cities; (ii) land with a house is valued 4 and 9 times higher than land with no house attached; (iii) density and house prices are only weakly correlated; (iv) prices of apartments and townhouses are much higher than their construction costs. All four results suggest land use regulations play a material role in constraining housing supply, driving up house prices. Local geography, such as steep terrain, might matter, but relative price differentials between land with a house and land without a house suggest only a minor role for geography. Keywords: housing supply, house prices, land prices, land use regulation"--Page [ii].
A Review Of Applications Of Hedonic Pricing Models In The New Zealand Housing Market
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Author : Mario Andres Fernandez
language : en
Publisher:
Release Date : 2019
A Review Of Applications Of Hedonic Pricing Models In The New Zealand Housing Market written by Mario Andres Fernandez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.