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Economic note
Auckland - it's not just prices getting squeezed
Tuesday, 15 December 2015

Key highlights

Auckland’s housing stock has been used with a greater intensity than elsewhere in New Zealand.
And, this utilisation has been increasing over time.
Housing preferences and household circumstances within Auckland are significant contributors to differences in housing utilisation
 

Report prepared by:

Kim Mundy, ASB Economist
Phone: +64 9 301 5661
Email: kim.mundy@asb.co.nz


Home Economics is a new ASB report dedicated to in-depth analysis of the New Zealand housing market.

Our first goals for the report are to assess whether or not Auckland has a housing shortage, why, and what this suggests in terms of policy solutions. In this paper, we begin by analysing how people are living in Auckland. We make some observations around the composition of Auckland households, both relative to the rest of NZ and the differences present within Auckland council wards.

In 2013, relative to the rest of the New Zealand Auckland had:

• Fewer empty/unoccupied houses;
• More people living in each house;
• More households with 2 or more families in one house (over half of the country’s total);
• Faster growth in the number of households with 3 or more people (especially households with more than 6 people); and
• Within Auckland, wards with lower median household income tend to have more people per house.

If you would like to receive more Home Economics reports in the future, please sign up to Home Economics under Housing Reports here.

Read the full PDF Report

Important Disclaimer - This document is published solely for informational purposes. It has been prepared without taking account of your objectives, financial situation, or needs. Before acting on the information in this document, you should consider the appropriateness and suitability of the information, having regard to your objectives, financial situation and needs, and, if necessary seek appropriate professional or financial advice.

We believe that the information in this document is correct and any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of its compilation, but no representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made in this document. Any opinions, conclusions or recommendations set forth in this document are subject to change without notice and may differ or be contrary to the opinions, conclusions or recommendations expressed elsewhere by ASB or Commonwealth Bank. We are under no obligation to, and do not, update or keep current the information contained in this document. No person involved in the preparation of this document accepts any liability for any loss or damage arising out of the use of all or any part of this document.

Any valuations, projections and forecasts contained in this document are based on a number of assumptions and estimates and are subject to contingencies and uncertainties. Different assumptions and estimates could result in materially different results. No representation or warranty is made that any of these valuations, projections or forecasts, or any of the underlying assumptions or estimates, will be met. Past performance is not a reliable indicator of future performance.
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