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Against the predictions of most economists early last year, the housing market has boomed through Covid-19. Since March last year, house prices have risen by 20%, rents by 12%. Read more
Wellington, 22 February 2021 – If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand, Research Assistant Leonard Hong modelled 36 scenarios and found that New Zealand’s population gets older and larger by 2038. Read more
If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns the Initiative's latest report, The Need to Build: The demographic drivers of housing demand. In this podcast, Oliver Hartwich speaks with report author, Research Assistant Leonard Hong, who explains the implications of these demographic changes (e.g. Read more
In his new report, The Need to Build: The demographic drivers of housing demand, Leonard Hong highlights New Zealand's housing crisis and explains why it is imperative to build now and to build fast. He spoke on Radio New Zealand's Morning Report about how demographic changes (such as population growth, ageing, and birth rates) mean that New Zealand will need far more dwellings than are currently being built. Read more
We are not building enough to meet the looming demographic changes and demands. In his interview on The AM Show, Leonard Hong highlighted findings from his report, The Need to Build: The demographic drivers of housing demand, which says policymakers should stop blaming the housing crisis on migration and speculation and instead find policy solutions to free up urban development and housing supply. Read more
Leonard Hong discusses the findings of his new report "The Need to build - the demographic drivers of housing demand" with Kate Hawkesby on Newstalk ZB. He explains that with New Zealand's population changes, we need to be build close to 20,000 dwellings annually for the next 20 years (even with zero net migration). Read more
There are calls for the Government to ease building restrictions if we want even a chance of fixing the housing crisis. The New Zealand Initiative report "The need to build - the demographic drivers of housing demand" shows population growth will require an extra 30-thousand homes per year. Read more
Urban land use planning systems that load councils with the costs of urban growth while letting councils decide whether new housing can be built are a recipe for failure. This underpins a decade of low build rates, a substantial housing shortage, and skyrocketing house prices. Read more
When the only tool you have is a hammer, every problem looks like a nail. That is what it must be like for the government in the housing crisis. Read more
The Government announced that the Resource Management act is going to be scrapped and replaced with three new laws. Bryce Wilkinson talks to Jesse Mulligan on Radio NZ about why the RMA was no longer fit for purpose and how the new laws can address the issues that are left in its wake. Read more
