RBNZ dissects the Auckland bubble

Monday 24 August 2015

Deputy Governor of the Reserve Bank of New Zealand (RBNZ), Grant Spencer, yesterday gave an interesting speech on the Auckland housing market, where price growth has been out of control, growing by 24% over the past year:

And prices relative to incomes are roughly double that of the rest of New Zealand:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.