Results from the New Zealand Census shows that the country’s housing shortage worsened materially in the five years to 2018 as mass immigration-fuelled population growth easily exceeded the number of dwelling additions:
The figures show that between the 2013 and 2018 censuses this country’s usually resident population increased by 10.8%, while the total number of dwellings (occupied and unoccupied) increased by just 6.2%.
Population growth outstripped dwelling growth by a considerable margin in all regions of the country except the West Coast, which had a decline in population (see table below for the full regional breakdown)…
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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.
