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Paper eres2007_161:
Chasing the Market: Housing Affordability, Home Ownership and the Private Rental

id eres2007_161
authors Murphy, Laurence
year 2007
title Chasing the Market: Housing Affordability, Home Ownership and the Private Rental
source 14th Annual European Real Estate Society Conference in London, UK
summary 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 ‘transitional’ 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.
series ERES:conference
discussion No discussions. Post discussion ...
ratings
session Session B4: Affordability
last changed 2009/11/19 09:01
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