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|The need to build: the demographic drivers of housing demand||889.48 KB|
The political ‘buck passing’ of the responsibility for unaffordable housing by successive governments in New Zealand has created extremely expensive housing markets in cities such as Auckland and Wellington– and a national housing crisis. Auckland is the sixth least affordable city among 92 major global housing markets, according to the 2020 Demographia housing survey.
This report uses demographic projections to estimate housing demand; consider long-run implications on the housing market; and point out economic effects – beyond housing – on healthcare, tax policy, etc. Demographic trends help project population size and household composition, size and demand in New Zealand in 2038 – and even 2060.