Drivers of House Price Growth

Despite being one of the national priorities, there are still large gaps and no consensus from the literature on what drives house price growth and the interaction between major drivers that underpin house price growth. In our housing affordability knowledge hub, we provide:

Our review includes both the academic and grey literature. We provide a list of suggested future studies to improve our understanding of the factors of HPG in New Zealand.

Cite this article.

Principal Economics. (2021). Drivers of House Price Growth Knowledge Hub. Retrieved from Drivers of House Price Growth – Principal Economics.

Climate change adaptation and investment decision making

Avoid costly delays in decision-making. For deep uncertainty, plan ahead, start small, and keep monitoring. Climate is beginning to exacerbate extreme “one-in-100-year” events. Our knowledge of the likelihood of these large-impact events happening in shorter intervals is limited. Adaptive Decision-Making can help to minimise the cost (from delays) to the economy through increasing flexibility at the planning phase. Our earlier work estimated the annual cost of delay to be equal to 18 per cent of the capital cost of projects.

Cite this article

Principal Economics. (2023). Climate change adaptation and investment decision making. Waka Kotahi NZ Transport Agency.

Review of Housing and Business Development Capacity Assessments

The Ministry for the Environment (MfE) appointed Principal Economics to review the Housing and Business Development Capacity Assessments HBAs). Our review included all councils’ HBAs, except for Rotorua and Wellington, which were not available at the time of this review. The focus of our review was on the requirements of the National Policy Statement on Urban Development 2020 (NPS-UD 2020). The outcome of our review indicates the areas of improvement for the next round of HBAs both for the councils and for the MfE and HUD (the ministries).

Reviews that have been published online can be found below: