NZ housing supply can’t outrun population ponzi

Monday 31 October 2016

Last month, New Zealand’s immigration data for September was released, which confirmed that net migration into the country had hit a record high 70,000 people over the year, which has driven the country’s population growth to all-time highs (see below chart).

Separate data from Statistics New Zealand also revealed that the lion’s share of this immigration spilled into Auckland, where housing and infrastructure pressures are most acute (see below charts).

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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.