You can't live in a resource consent
Author:Shane Martin, David Norman
Source:Auckland Council Chief Economist
Topics:Economy, business and industry, Housing, Infrastructure
Unsurprisingly, the biggest factors affecting house prices are population growth, (lack of) housing stock growth, and interest rate declines. Further, the population’s preference is for fewer people per dwelling (PPD) than in the past. This means that, all else equal, housing supply actually needs to grow faster than the population to keep prices stable.