Housing Affordability in New Zealand: Evidence from Household Surveys

Arbeitspapier

Housing affordability has been a topic of much interest in New Zealand over recent years with the median house price increasing by over 50% between 2004 and 2008. The aim of this paper is to inform debate by drawing out evidence from two surveys: the Household Economic Survey (HES); and the Survey of Family, Income and Employment (SoFIE). In particular, the paper examines how patterns of house prices, expenditures, and home ownership have changed over time and across groups. A model which may be suggestive of whether or not an individual or couple is likely to find home-ownership affordable is also developed. This model incorporates information relating to four important influences of affordability: income; net wealth; house prices; and the structure of mortgage contracts (including the interest rate and mortgage term).

Object Details

• ISBN: 978-0-478-40353-4
• Language: Englisch

References and Relationships

• Bibliographic citation: Series: New Zealand Treasury Working Paper ; No. 13/14

Classification and Topics

• Classification: Wirtschaft ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; Housing Supply and Markets ; Other Spatial Production and Pricing Analysis
• Subject: Housing Affordability ; House Prices ; Homeownership ; Housing Expenditures ; Rent ; Mortgage Payments

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Law, David ; Meehan, Lisa
• Event: Veröffentlichung
• (who): New Zealand Government, The Treasury
• (where): Wellington
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/205638
• Last update: 10.03.2025, 11:43 AM CET