Estimating the impact of immigration on housing prices and housing affordability in New Zealand

aut.embargoNoen_NZ
aut.supplementaryuploadYes
aut.thirdpc.containsNoen_NZ
aut.thirdpc.permissionNoen_NZ
aut.thirdpc.removedNoen_NZ
dc.contributor.advisorMaloney, Tim
dc.contributor.authorChanpiwat, Nipat
dc.date.accessioned2013-07-21T20:20:26Z
dc.date.available2013-07-21T20:20:26Z
dc.date.copyright2013
dc.date.created2013
dc.date.issued2013
dc.date.updated2013-07-20T23:14:22Z
dc.description.abstractThis research examines the response of New Zealand housing markets to immigration shocks. The effects of migrants in general have been widely debated in New Zealand, and have been the focus of many studies around the world. This research focuses solely on the impact of migration on the issue of housing, the largest component of peoples’ wealth. Drawing on housing, migration and census data between the years 1996 to 2011, the regression analysis in this study reveals that there was a positive correlation between external migration shocks and house prices. A 1% migration shock increased house prices by approximately 7.5% on a national scale. Furthermore, it is found that smaller housing markets are less able to ‘cope’ with housing pressure exerted by migrants, compared to bigger cities where migrants tend to cluster. This research suggests that the possible existence of supply constraints in the New Zealand housing market, whereby the market is unable to adjust to a sudden inflow of overseas migrants.en_NZ
dc.identifier.urihttps://hdl.handle.net/10292/5573
dc.language.isoenen_NZ
dc.publisherAuckland University of Technology
dc.rights.accessrightsOpenAccess
dc.subjectImmigrationen_NZ
dc.subjectHouse pricesen_NZ
dc.titleEstimating the impact of immigration on housing prices and housing affordability in New Zealanden_NZ
dc.typeThesis
thesis.degree.discipline
thesis.degree.grantorAuckland University of Technology
thesis.degree.levelMasters Dissertations
thesis.degree.nameMaster of Businessen_NZ
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