Auckland 30,000 houses short says HSBC
Auckland 30,000 Houses Short, Auckland Housing Crisis,
In an economic report titled Housing risks and the RBNZ, HSBC's economists say their conservative estimates are that Auckland has a housing shortage of around 30,000 homes, which is equivalent to about 6% of the region's total housing stock, and that the shortfall is INCREASING by around 7000 homes a year, with record low interest rates and record levels of net inward migration driving demand.
"For the RBNZ, the risks associated with a long period of low interest rates are mounting," the report warns.
Auckland 30,000 Houses Short
, Auckland Housing Crisis