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0 pointstmnvix2y ago0 comments

Do you think that a shift in demographic preferences from certain locations in NZ to other locations in NZ is sufficient to explain why - while the overall proportion of dwellings to people was steady - prices rose 250% in 10 years?

Are you sure finance wasn't the main cause?

sources: https://www.oecd.org/els/family/HM1-1-Housing-stock-and-cons... https://www.globalpropertyguide.com/pacific/new-zealand/home...

Edit: Also compare what happened to the money supply over the same period: 2011(NZD180 billion) to 2022(NZD400 billion). https://tradingeconomics.com/new-zealand/money-supply-m3

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Panzer042y ago

Neither of these point to any direct causation.

I don't think anyone would disagree that finance has an impact, but these are only indirect evidence.

It seems to me that increasing urbanisation and desire to live in cities could easily have pushed city prices up much faster than anything else, while less populated areas stagnate.

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