Chasing the Market: Housing Affordability, Home Ownership and the Private Rental

Laurence Murphy

ERES from European Real Estate Society (ERES)

Abstract: Economic liberalisation of the economy in the 1980s the New Zealand housing market has undergone significant transformations. Since the early 1990s home ownership in New Zealand has been in decline and the role of the private rental market has become increasingly significant, particularly in the Auckland region. Rapid house price inflation post-2000 has adversely affected first-time buyers and there is evidence that the traditional ëtransitionalí role of the private rental market is changing, as the rental market increasingly incorporates older and wealthier households. This paper examines issues relating to house prices and housing affordability in Auckland and reflects on the long term economic and policy implications of the rising importance of the private rental market in the housing system.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2007-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2007-161 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2007_161

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().