1. Upsurge of Auckland House Prices During COVID
2. Why AUS and NZ house prices are on the rise again?
ABC Radio National (2021) Why house prices are on the rise again and won't be dropping anytime soon, Life Matters, Mar 2. https://www.abc.net.au/.../why-house-prices-are.../13204480
The latest figures show Australian house prices are in the midst of one of the strongest growth phases on record, and that means if you're looking to buy a home at the moment, you'll be hard pressed to get one at the price you were hoping to pay.
So why is that, and what can be done about it?
Guests:
Stephen Whelan, Associate Professor in School of Economics, University of Sydney
Edward Yiu, Associate Professor in Property, at the Business School, University of Auckland
Broadcast: Tue 2 Mar 2021, 9:06am
The latest figures show Australian house prices are in the midst of one of the strongest growth phases on record, and that means if you're looking to buy a home at the moment, you'll be hard pressed to get one at the price you were hoping to pay.
So why is that, and what can be done about it?
Guests:
Stephen Whelan, Associate Professor in School of Economics, University of Sydney
Edward Yiu, Associate Professor in Property, at the Business School, University of Auckland
Broadcast: Tue 2 Mar 2021, 9:06am
3. Predict the Future, Postdict the Past!
What is Postdiction? Yiu, C.Y. (2021) Post-diction: a novel past-future studies, Medium, Feb 14. https://ecyy.medium.com/post-diction-a-novel-of-past-future-studies-502d420dc0bb
The following chart is simply based on the Excel Data Forecasting Model, based on the year-on-year change of the Auckland House Price Index from Jan 1993 to Oct 2020. It predicts an increasing trend of house prices in early 2021, which is mostly correct, but the magnitudes of the annual growth rates are about 4% smaller than the actual.
The following chart is simply based on the Excel Data Forecasting Model, based on the year-on-year change of the Auckland House Price Index from Jan 1993 to Oct 2020. It predicts an increasing trend of house prices in early 2021, which is mostly correct, but the magnitudes of the annual growth rates are about 4% smaller than the actual.
4. House Price Dynamics
is economic growth (GDPyoy), real interest rate (RIR) and unemployment rate (UNE) factors affecting house price dynamics in New Zealand?
Test 1 - a simple regression between RBNZ's House Price Index Year-on-Year change (HPIyoy) and GDPyoy
Test 1 - a simple regression between RBNZ's House Price Index Year-on-Year change (HPIyoy) and GDPyoy
rbnz_hpi_gdp_time_series.xlsx | |
File Size: | 147 kb |
File Type: | xlsx |
5. NZ Housing Price-to-Income Ratio by Region
Based on CoreLogic (2021) The NZ Housing Affordability Report, Feb. the following heatmaps show the relative levels and 5-year changes of house prices, household incomes, and price-to-income ratios in 6 Regions.
Full report is available at www.corelogic.co.nz/reports/housing-affordability-report
Data file is available at the following link
Full report is available at www.corelogic.co.nz/reports/housing-affordability-report
Data file is available at the following link
nz_house_value_to_income_ratio.xlsx | |
File Size: | 12 kb |
File Type: | xlsx |
6. NZ data series
a. REINZ House Price Indices
b. RBNZ Housing Statistics
c. StatsNZ Statistics - Housing
d. StatsNZ Statistics - Building
e. CoreLogic Statistics - RPNZ
b. RBNZ Housing Statistics
c. StatsNZ Statistics - Housing
d. StatsNZ Statistics - Building
e. CoreLogic Statistics - RPNZ