Posts by Katharine Moody
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Envirologue: Swamp Monsters – the…, in reply to Alfie,
Perhaps another example of opposition + media driving Government policy – as if I recall correctly, it was Winston Peters as MP for the region who raised this in Parliament – which kicked off the media attention.
Found it;
http://www.radionz.co.nz/news/political/277836/mps-say-smith-got-swamp-kauri-rules-wrong
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Polity: House-buying patterns in Auckland, in reply to David Hood,
When I looked at it (so up to 2012) I found that immigration was not actually a very good prediction of house prices compared to the arrival of money, and the two did not have very much of a relationship between them.
Well, that's very interesting as well.
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Polity: House-buying patterns in Auckland, in reply to David Hood,
Really useful analysis. I wonder if another data set to be considered as a predictor might be migration and immigration. Steven Joyce (and perhaps John Key as well) had been running the line that on the demand side, the problem was fewer NZers heading to Aus and more coming home. Used to counter the argument that it was non-resident purchases driving the price hikes.
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Polity: House-buying patterns in Auckland, in reply to David Hood,
Very interesting - thanks!
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Polity: House-buying patterns in Auckland, in reply to Rich of Observationz,
Any of that kind of policy takes in New Zealanders as well. We really just need to deal at this stage with the foreign direct investment. We either ban it completely (Labour's idea) - or tax it to our advantage on the way in (say at 100% of purchase price).
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Polity: House-buying patterns in Auckland, in reply to Alfie,
Yes, make it a 100% stamp duty and we might get more realistic prices being paid. That's what we could call a win-win for NZ.
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Polity: House-buying patterns in Auckland, in reply to Russell Brown,
It's a totally unsupported assertion. Extremely disappointing from an academic - and one domiciled in Auckland as well.
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Polity: House-buying patterns in Auckland, in reply to Rich of Observationz,
Yes, exactly. Auckland is a narrow isthmus - it is constrained by its geography. So reference to "artificial restrictions" as being its only planning problem is just a nonsense.
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Polity: House-buying patterns in Auckland, in reply to Stephen Judd,
Oh, read it in full. Gee, not good in my opinion, as the author takes his own stab at ‘guesswork’ conclusions .. for example;
Personally, I’d guess that all these explanations are true: that Chinese New Zealanders (on average) buy both homes and investment properties more than other New Zealanders, and that there are foreign property investors of Chinese ethnicity. But that’s a guess: these data don’t tell us — as the Herald explicitly points out.
Completely inappropriate given that is all based on his own assumptions (what looks like him doing some kind of ethnicity-based 'profiling?).
But more importantly, as an academic, he then strays into academic territory which he has perhaps no expertise in (i.e., planning/economics), in saying;
But on top of that, if there is substantial foreign investment and if it is driving up prices, that’s only because of the artificial restrictions on the supply of Auckland houses. If Auckland could get its consent and zoning right, so that more money meant more homes, foreign investment wouldn’t be a problem for people trying to find somewhere to live. That’s a real problem, and it’s one that lies within the power of governments to solve.
That was a badly thought out academic contribution, I suspect.
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Holy Cow!!!!! This just stepped up another notch – try 90% of purchases from mainland China;
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11480138
Very sad too that these agents for fear of losing their jobs, I assume, want to speak anonymously. The Government who refuses to collect this data is putting their employment at risk.