Formats and related files
Acknowledgements
Tony Booth, Matthew Bell, Arthur Grimes and Gareth Kiernan were very helpful with the provision and analysis of data. The authors are also indebted to colleagues at the Treasury for their assistance, in particular to Hauraki Greenland and Roger Hurnard who provided useful suggestions, and to Graham Parkin of Housing New Zealand who provided a constructive review.
Disclaimer
The views, opinions, findings, and conclusions or recommendations expressed in this Working Paper are strictly those of the author(s). They do not necessarily reflect the views of the New Zealand Treasury. The Treasury takes no responsibility for any errors or omissions in, or for the correctness of, the information contained in these working papers. The paper is presented not as policy, but with a view to inform and stimulate wider debate.
Table of Contents
- Abstract
- Acknowledgements
- Disclaimer
- 1 Introduction
- 2 The Concept of Affordability
- 3 Measurement
- 3.3 Strengths and Weaknesses of Selected Measures
- 3.4 Calculations and Benchmarks
- 4 Evidence
- 4.1.3 Potential home-owners’ housing costs
- 4.1.4 Existing home-owners’ housing costs
- 4.2 Regional Variations in Trends
- 4.3 Other Cross-sectional Variations
- 4.4 Drivers of Trends
- Relationship with policy regimes
- 4.5 The Future
- 5 International Comparisons
- 6 Discussion and Conclusions
- 7 Appendix
- Ratios of average house price to average individual income, June 2005
- References
Last updated:
Tuesday, 23 October 2007