Is NZ just part of Aussie housing market?

  • When it comes to what influences housing markets in New Zealand and Australia, we’re all in it together.

Kiwi and Aussie house prices are primarily being driven by precisely the same forces, rather than by one-off local factors.

Factors which influence cities – such as short-term immigration trends – might have a sharp short-term effect but are evened out over time.

That is the conclusion of a new housing study released this morning from Ryan Greenaway-McGrevy, Arthur Grimes and Mark Holmes of Motu Economic and Public Policy Research.

READ MORE VIA NZHERALD

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New homes in Mt Wellington, Auckland. New research shows how closely the property markets in Australian and New Zealand cities may be linked. Photo / Michael Craig.