Advertisement
In recent years, New Zealand has experienced an immigration-driven population boom that is unprecedented in the nation’s history (see below charts).
Advertisement
One of the casualties of this influx has been housing affordability. Despite boosting housing construction recently, New Zealand is simply unable to build enough homes to keep up with demand, particularly around Auckland. From Interest.co.nz:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement