Today (Thursday 18 August) Te Tai Ōhanga, (The Treasury), Te Pūtea Matua (Reserve Bank of New Zealand) and Te Tūāpapa Kura Kainga released Assessment of the Housing System: with insights from the Hamilton Waikato area.

The assessment, carried out by the three agencies known as the Housing Technical Working Group (HTWG), examines the key drivers contributing to housing market outcomes in the Hamilton-Waikato area over the past 20 years.

It’s the culmination of joint work between the agencies and found the responsiveness of land supply (the ability to expand and intensify), financial factors, especially interest rates, and population growth were the main factors contributing to housing outcomes over the past 20 years.

The next areas of focus for the Housing Technical Working Group are improving agencies’ understanding of urban land supply and the drivers of the rental market with the objective of providing the opportunity for better future housing outcomes for New Zealanders.

You can find out more including accessing the report here(external link)