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Housing Supply in the Auckland Region 2000-2005
Abstract
We examine constraints to expansion of Auckland’s1 housing supply. Since 2000, increases in demand for housing have outstripped increases in its supply. The result has been a major increase in land and house prices. A range of factors have contributed to increased demand including positive net immigration, higher incomes and higher employment, coupled with strong ability to borrow to finance house purchase. A number of factors have constrained supply. One of these has been a limited supply of land. Another contributor has been difficulties in the consents process, especially its time consuming nature; lack of appropriate resources within councils to handle both non-notifiable and notifiable consents is partly responsible for this situation. We adopt a range of approaches to examine this issue: We examine zoning and other regulations relating to housing; analyse trends in population, dwelling stock, house prices, costs, and new building; report on structured discussions held with 30 respondents in the private and public sectors; and we conduct statistical analysis of building consent activity. Finally, we discuss the implications of these analyses for house supply and the housing market in Auckland.
Citation
Grimes, Arthur; Andrew Aitken, Ian Mitchell and Vicky Smith. 2006. "Housing Supply in the Auckland Region 2000-2005," Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington.
Motu code: MYS0142
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