New research has revealed that immigration has little impact on rising local house prices in New Zealand. The report ‘Housing Markets and Migration – Evidence from New Zealand’ shows that although there is a small link between increasing house prices and population growth, the driving force is not new immigrants.
The research, which was centred around Auckland’s housing market, predicted that there was little likelihood of housing demand exceeding supply but that the kinds of housing in demand was likely to change to accommodate the new trend towards apartment living.
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