Auckland’s housing shortage worsens despite booming construction
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A week ago, Interest.co.nz published an alarming report showing how the Auckland region’s undersupply of homes has blown-out by nearly 400% in just four years – from 6944 in 2014 to 34,150 in 2018 – on the back of an insane 134,000 increase in population from net overseas migration:
On Friday, Statistics New Zealand released data showing that Auckland dwelling consents rose to 13,078 in the year to October – up 25% year-on-year and the highest level since the 1970s:
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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.