Independent Analysis and Reportage
EVENING REPORT: On Friday August 20 the Reserve Bank of New Zealand governor Adrian Orr told Bloomberg that a fundamental imbalance in the New Zealand economy is a lack of supply within the residential housing market. But will a supply correction alone resolve New Zealand’s affordable housing crisis? Stephen Minto analyses this question.
SOURCE: CORELOGIC: The CoreLogic Property Market & Economic Update for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement. Through the first quarter of 2021 sales activity remained high despite record-low listings, property values rose rapidly, and mortgaged investor participation surged from 27% to a record-high 29% share ... <a title="Analysis – CoreLogic data reinforces heated housing market conditions that led to NZ Gov’s policy moves" class="read-more" href="https://eveningreport.nz/2021/04/29/analysis-corelogic-data-reinforces-heated-housing-market-conditions-that-led-to-nz-govs-policy-moves/" aria-label="Read more about Analysis – CoreLogic data reinforces heated housing market conditions that led to NZ Gov’s policy moves">Read more</a>
Analysis by Simon Angelo, Editor, Wealth Morning * August 2000: IMF Report contends Irish property prices are almost certainly heading for a collapse in the medium-term. * Between 2007 to 2013: Irish house prices (nominal) fall 54%. * March 2021: IMF Report contends New Zealand’s unsustainable house price rises could trigger a pronounced correction. * ... <a title="Analysis – New Zealand Property Market: An Eerie Warning from the IMF – Wealth Morning" class="read-more" href="https://eveningreport.nz/2021/04/27/analysis-new-zealand-property-market-an-eerie-warning-from-the-imf-wealth-morning/" aria-label="Read more about Analysis – New Zealand Property Market: An Eerie Warning from the IMF – Wealth Morning">Read more</a>
Analysis by Keith Rankin. To the surprise of most pundits, substantial real estate price inflation has resumed, after a hiatus from 2017 to 2019. As to be expected, most of the usual tropes have been employed: a lack of supply, immigration (in this latest case returning New Zealanders), and low interest rates. The only missing ... <a title="Keith Rankin Analysis – Fixing the 2020 New Zealand House Price Bubble" class="read-more" href="https://eveningreport.nz/2020/11/23/keith-rankin-analysis-fixing-the-2020-new-zealand-house-price-bubble/" aria-label="Read more about Keith Rankin Analysis – Fixing the 2020 New Zealand House Price Bubble">Read more</a>
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