After yet another quiet week for data releases Nick and Kelvin take the opportunity to better discuss the report released last month by the Housing Technical Working Group (MHUD, Treasury, RBNZ) assessing the NZ housing system.
Two recent podcasts at 'On the Tiles' and 'When the Facts Change' recently interviewed lead author Dominic Stephens (Chief Economist at Treasury) which lead to a number of great talking points to dissect.
The three key drivers of house price growth are pretty clear - land availability, interest rates and a favourable tax system, but how are those things changing and is the change going to be enough to disturb the long-run trend of affordability continuing to worsen?
A quick look ahead for the week rounds out the show this week, with a number of key data releases to look out for, from RBNZ, Stats NZ and ANZ.
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