2016 12th ANNUAL DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY SURVEY
DEMOGRAPHIA IN THE NEWS !
AUSTRALIAN SENATOR BOB DAY AO SPEECH 'THE DEMOGRAPHIA HOUSING SURVEY'
DEMOGRAPHIA AUSTRALIA IS LAUNCHED !
The pointy end of housing policy failure ... Miranda Maxwell ...Business Spectator
Just a day after the New South Wales Government launched a 10-year public housing reform program, Sydney was nominated second least-affordable major housing market in a major survey, pipped only by Hong Kong and exceeding the extremes experienced on the US West Coast during the housing bubble of the last decade.
Sydney scores a median multiple - the median house price divided by gross annual median household income - of 12.2 in Demographia's International Housing Affordability Survey, only topped by Hong Kong's 19.
There was a three-way tie for fourth least affordable middle-income housing between Auckland, Melbourne and San Jose, with a score of 9.7. That beat out San Francisco's 9.4 and Greater London's 8.5.
Demographia, which studies 87 metropolitan markets of over a million in population across Australia, Canada, Hong Kong, Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States, concludes that policy is a key determinant of housing affordability.
It is adamant that land supply, and not demand, is the culprit behind what it terms virtual spiralling out of control of affordability in places like Sydney, Melbourne and Auckland.
"Severely unaffordable housing has occurred only in major metropolitan areas that have strong land use policy, especially urban containment boundaries and variations thereof," emphasises the survey.
Historically, median house prices were two to three times median household incomes. In recent decades, house prices have been decoupled from this relationship in a number of markets, such as Vancouver, Sydney, San Francisco, London, Auckland and others.
Without exception, these markets have severe land use restrictions - typically "urban containment" policies that severely ration land for development on the urban periphery - that have been associated with higher land prices and in consequence higher house prices, Demographia says, adding that periodic reviews of housing supply, put in place to maintain housing affordability in these metropolitan areas, have generally not succeeded.
Recently, more encouraging developments have been implemented by governments in New Zealand and Florida, and there are signs of potential reform elsewhere.
Despite having perhaps the most land constrained geography of any major metropolitan area in the world, Singapore has been far more successful in controlling housing affordability than in markets that have followed the British urban containment model, Demographia says.
The Singapore government established a publicly sponsored housing construction program that sells houses to consumers, a program which represents nearly 90 per cent of the owned market in a country with 88 per cent home ownership, the highest of any country in the survey.
Buyers are free to sell their own houses, but there are restrictions on foreign ownership, which has shielded Singapore from the heightened cost escalation in global real estate markets.
Meanwhile, the public housing overhaul in New South Wales is focused not on home ownership, but on getting those in government housing into the private rental market, via the use of rental assistance products to help vulnerable households avoid or leave social housing.
It won't hurt the building industry, with a cool $22 billion in construction activity projected to be generated from the building of 23,000 new and replacement social and affordable housing properties.
This has of course raised concern that the demolishment of some existing public housing is premature in a rental market that is neither secure nor affordable in the eyes of many.
It is not helping that the government is reaping millions from property sales in Miller's Point after evicting public housing recipients. The latest site goes on the block in a month, with a guide of $6 million.
"The government's long awaited social (and affordable?) housing plan is all about pushing existing housing tenants into an unreliable private rental market," said shadow spokeswoman for housing Tania Mihailuk on her Facebook page.
"Once again the winners are investors and developers, not families and people in need of secure housing. This government is telling thousands of Housing Tenants to go out and try their luck in the private rental market. Apparently there are copious numbers of affordable rental properties in Sydney. We just haven't found them!," Mihailuk said.
The NSW 10-year public housing overhaul is the pointy end of what Demographia declares is "a profound policy failure" that has seen house prices double and triple relative to incomes in many metropolitan areas.
Those who place the blame squarely on land supply say this loss of middle-income housing affordability can only be truly mitigated by allowing quality new starter housing on the urban fringes at 2.5 times the gross annual median household income of that urban market, and allowing associated commercial and industrial development to be provided.
New Zealand house price (inflation) since 2002 - Kiwiblog
High-rise apartments are bad to live in, bad for society, says respected architect - The Age (Melb Au)
Hong Kong developers rush to build ever smaller homes, but buyers beware - SCMP
How Houston regulates land use - Nolan Gray - Market Urbanism
Most of the country's new apartments are going up here in Houston - Houston Culture Map
How Houston densified - Montgomery Planning (pdf)
Global housing affordability: What do we know - Shlomo Angel & Achilles Kellergis
The era of robots: Builders to lose jobs as machines take over says construction boss - UK Telegraph
Urban containment, endangered working families and beleagured minorities - Wendell Cox - New Geography
Short supply, bad infrastructure blamed for Canada housing bubble - Reuters
AMP Chief Economist Shane Oliver: Why you should NOT buy a house right now ... Sydney Morning Herald
How Texas is reshaping urbanism ... Wendell Cox & Joel Kotkin ... Dallas Morning News
Dont count on making big bucks from your home ... Straits Times
Singapore Is Crushing Hong Kong in the Race to Cut Home Prices - Bloomberg
Laissez-Faire in Tokyo Land Use Alex Tabarrok - Marginal Revolution
Australia Federal Treasuerer) Scott Morrison puts States on notice over house prices ... Sydney Morning Herald
Australian housing market now valued at $A6 trillion - Core Logic
AUSTRALIAN MEDIAN LOT PRICE HITS STRATOSPHERIC $A237,575 ... HOUSING INDUSTRY ASSOCIATION OF AUSTRALIA (HIA)
Low supply liftsd US residential lot prices (from a recent $US30,000) to $US45,000 ... Wall Street Journal
United States median residential Lot prices now $US45,000 ... National Association Of HomeBuilders (NAHB)
Government regulation in the price of a new home ... NAHB
Raw land costs $US2,000 per Lot in Arizona ... Phoenix Business Journal
Victorian (australia) homeownership rates collapse - Domain com
Steven R Spillette: What's not being said about Municipal; Utility Districts (MUDs) ... Houston Chronicle
NZ Labour ups the ante on housing reform - MacroBusiness Australia . with extensive Pavletich comments .
NEW ZEALAND'S BUBBLE ECONOMY IS VULNERABLE (April 2014) - HUGH PAVLETICH - SCOOP NEWS
'HOUSING AFFORDABILITY' THE MAJOR CONCERN OF NEW ZEALANDERS - IPSOS POLL
UMR Poll: Most Kiwis want lower house prices ... Interest Co NZ
Liam Dann: Are the Banks bracing for a storm ... New Zealand Herald
Struggling first-home buyers finally find their West Auckland dream home - for $720,000 (should be less than $200,000) ... New Zealand Herald
Auckland's supply reforms fail affordability test - Leith van Onselen - MacroBusiness Australia . with Pavletich comments.
Mood of the Boardroom: Bosses to Government - Act on housing ... NZ Herald
NZ home ownership at lowest level in more than 60 years | Stuff.co.nz
$18b construction industry calls for state help to smooth over volatility in sector - Business - NZ Herald News
NZ POLITICS DAILY: Politicians are failing on housing | The National Business Review
Nigel Latta: No majic bullet on housing crisis - Stuff NZ
BOOK EXTRAT - Generation Rent - Shamubeel & Selena Eaqub - NZ National Business Review
Christchurch Dilemmas: The city's housing woes - The Press
Call to restore hope for homeless through inquiry - The Press
Labour support on city limits (abolition) welcomed - Housing Minister Nick Amith - 18 May 2016
New policy proposed for urban development - Housing Minister Nick Smith - 2 June 2016
$1b fund to accelerate housing infrastructure - Finance Minister Emglish & Housing Minister Smith - 3 July 2016
Zoning laws hurt the poor - Kiwiblog
The rate at which new homes are being built based on population, is half what it was in 1974 - Interest Co NZ
Urban Planning: Whats broken and how to fix it - NZ Productivity Commission
The Productivity Commission urban planning report blunt, measured and perceptive - Bob Dey
Failed planning system only part of the problem - NZ Council for Infrastructure Development
The RBNZ (following UK and Ireland lead) is keen to impose loan to income limits ... Interest Co NZ
Leaving Auckland for the regions a smart money move | Stuff.co.nz
The $1 million average Auckland house means interest bonanza for banks | Stuff.co.nz
The great half-billion KiwiSaver home withdrawal | Stuff.co.nz
Apartment living with Hugh Pavletich - Audio Player - Audio - RadioLIVE
New Zealand tops global list for house price rises | Radio New Zealand News
Housing through the decades, what is affordable? | Business | Newshub
Auckland's Unitary Plan would take 55 days to read | Stuff.co.nz
Rolleston: Time to take it seriously ... John McCrone ... the Press
Five successful cities with cheaper housing than New Zealand - and what we can learn from them - Michael Daly - Fairfax NZ
Auckland housing crisis: House of the rising sum - New Zealand Listener
Housing campaigner predicts spiralling house prices will be Key's 'Waterloo' | Stuff.co.nz
New Zealand's homes top an 'obscene' $900 billion combined value | Stuff.co.nz
EDITORIAL: LABOURS BOND PROPOSAL MAKES SENSE ... NZ HERALD
NZ GREENS SUPPORT SCRAPPING URBAN LIMITS ... KIWIBLOG
NZ LABOUR PARTY: ABOLISH URBAN LIMITS ... NZ HERALD
John Keys Govt has failed New Zealanders on housing ... TV3 Newshub
EDITORIAL: HOUSING IN ORDER ... NZ LISTENER
BIG BANG THEORIES ... REBECCA MACFIE ... NZ LISTENER (28 Nov 2013)
The missing piece of the Auckland housing puzzle (Houston) ... Catherine Harris ... Fairfax New Zealand
Hopes rise that Auckland's children won't grow up to be renters ... Rob Stock ... Fairfax New Zealand
'We live in a housing hell' - Housing commentator Hugh Pavletich - Audio Player - Audio - RadioLIVE
Housing remains a challenge for Auckland ... Auckland City Council
Act and save Aussie dream ... Adelaide Advertiser
Demographia Survey blow to Auckland housing confidence ... Property Council of New Zealand
Auckland has the fifth least-affordable houses in the world - Anne Gibson - NZ Herald News
... and much more ... Demographia news search ...
Welcome to Performance Urban Planning
As a long term commercial development practitioner and former industry leader in New Zealand, I was approached by colleagues back in late 2004, expressing concern that the public was not being provided with sound structural information on the state of the urban housing markets within Australia and New Zealand. [more]
Following World War 11, after decades of earlier failed attempts by themselves and others, the Levitt brothers Bill and Alfred with their entrepreneurial genius, created the modern production construction industry we know today.
Levitt & Sons provided young single earner American families with annual household incomes of $US3,800, new starter homes for $US8,000 — 2.1 times annual household incomes. The mortgage required was 18% of the single earner annual household income.
We have paid a huge price for forgetting this history.
All involved with urban land use issues need to relearn it.
WILLIAM LEVITT LEVITTOWN
HOUSING: Up from the Potato Fields -Time 1950 Cover Story
MAJORITY OF NEW ZEALANDERS DEMAND AFFORDABLE HOUSING - POLL
... BASED ON STRENGTHENING PUBLIC OPINION ...
... OCTOBER 2012 NEW ZEALAND GOVERNMENT STARTS DEALING WITH HOUSING AFFORDABLITY ...
TELEVISION ONE COLMAR BRUNTON POLL - VIDEO
62% of all New Zealanders – 75% of young New Zealanders
New Zealand Government Affordable Housing Initiative
Deputy Prime Minister Hon Bill English - October 2012
Shlomo Angel: Making room for a planet of cities.
This schedule has been compiled to assist researchers and professionals.
Further suggested inclusions are welcome. This Schedule may be hyperlinked or reproduced in whole or in part with attribution.
Click here to access
Hugh Pavletich explains...
... THREE YEARS ON ... THE GREAT CONSENSUS EMERGES ...
... FOCUS ON LAND SUPPLY & INFRASTRUCTURE FINANCING ...
LAND REGULATION MAKING US POORER: EMERGING LEFT - RIGHT CONSENSUS ... WENDELL COX ... NEW GEOGRAPHY
There is an emerging consensus about the destructiveness of excessive land use regulation, both with respect to its impact on housing affordability but also its overall impacts on economies. This is most evident in a recent New Zealand commentary ...
THE EMERGING CROSS - IDEOLOGICAL CONSENSUS ON ZONING ... THE WASHINGTON POST
In recent years, and especially over the last few months, economists and other public policy experts across the political spectrum have come to realize that zoning rules are a major obstacle to affordable housing and economic opportunity for the poor and lower middle class. By artificially restricting new construction, zoning and other similar land-use restrictions greatly increase the price of housing, and prevents the market from adjusting to increasing demand. ...
... UPDATE: As New Zealand-based economist Eric Crampton pointed out to me on Twitter, a similar cross-ideological consensus may be emerging in that country, as evidenced by this recent article co-authored by free market advocate Oliver Hartwych, and Labor Party Housing Spokesperson Phil Twyford. ...
PLANNING RULES THE CAUSE OF HOUSING CRISIS ... TWYFORD & HARTWICH ... NZ HERALD
Colmar Brunton Poll: Public satisfaction with NZ Local Govt crashes to 27% | The National Business Review
New Zealand Deputy Prime Minister Bill English ... September Speech ... Housing Affordability
... extract ...
... Cities are one of the extraordinary inventions of the human race.
Studies have shown that cities are an engine room of growth. Incomes in cities are higher than elsewhere. That is one explanation for high rates of urbanisation.
Research indicates that when planning rules prevent workers shifting to higher-productivity locations, then there is a cost in terms of foregone GDP.
It's only relatively recently that economists and politicians have understood the scale of those effects. ...
Your Landlord Is a Drag on Growth - Bloomberg View
Well done Labour ... backing RMA (Planning) reforms ... Kiwiblog
Auckland market in danger zone - RB | Radio New Zealand News
... extract ...
But Mr Wheeler this afternoon told MPs the faster house prices rose in Auckland, the greater the likelihood of a steep price reversal.
He (Reserve Bank of New Zealand Governor Graeme Wheeler) said Auckland house prices were not sustainable.
"The house price to income ratio for Auckland is at nine. It's twice that for the rest of the country," he said.
"A ratio of nine puts you, according to Demographia figures, in the top 10 most expensive cities in the world.
"This is just dangerous territory." ...
Left Commentator Chris Trotter: My surprise pick for politician of the year (Bill English) | Stuff.co.nz
New Zealand's Bubble Economy Is Vulnerable | Hugh Pavletich | Scoop News
Christchurch Failure - The Long History | Hugh Pavletich | Scoop News
Independent Panel Slams Christchurch Council Planners | Hugh Pavletich| Scoop News
StephenFranks.co.nz » Blog Archive » Banal business naivete on politics (and the RMA and Councils)
Former New Zealand politician and lawyer
Stephen Franks states ...
Few business people are good at democratic politics. They expect what works in business to work in democracy. They're frustrated by the messy necessity to maintain a working consensus, by multiple conflicting objectives, and by the unreliability of delegates.
They think that if only the right people were in charge, the best structures and systems would be like those in business, where everyone accepts single prevailing decisions from nominated rulers, and he who pays, rules.
Business people who get embroiled in politics commonly hate it so much they eject before they flame out. Those who survive and learn may be small in number but they are among the best we have, and we owe them a lot for their patience. ...
... That is not research evidence, but it is puzzling that business has not watched the Canterbury experience, and the extent to which Canterbury has been saved from presenting unrelieved incompetence by the safety valve councils of Selwyn and Waimakariri. You'd think they might have asked Hugh Pavletich to come up and report. Christchurch has been hostile to business ever since Christchurch City was jammed together as a prototypy 'super-city' two decades ago. ...
GETTING PERFORMANCE URBAN PLANNING IN PLACE - MARCH '08 - HUGH PAVLETICH
ARTICLES ... ABOUT / BY HUGH PAVLETICH
Scoop News New Zealand ...
Scoop News New Zealand ... Demographia
Scoop News New Zealand ... Performance Urban Planning
NZ National Business Review ... Hugh Pavletich
Google NZ Search ... Hugh Pavletich
Google NZ News Search ... Hugh Pavletich
GETTING PERFORMANCE URBAN PLANNING IN PLACE - MARCH '08 - HUGH PAVLETICH
DEFINITION OF AN AFFORDABLE HOUSING MARKET
For metropolitan areas to rate as 'affordable' and ensure that housing bubbles are not triggered, housing prices should not exceed three times gross annual household earnings. To allow this to occur, new starter housing of an acceptable quality to the purchasers, with associated commercial and industrial development, must be allowed to be provided on the urban fringes at 2.5 times the gross annual median household income of that urban market (refer Demographia Survey Schedules for guidance).
The critically important Development Ratios for this new fringe starter housing, should be 17 - 23% serviced lot / section cost - the balance the actual housing construction.
Ideally through a normal building cycle, the Median Multiple should move from a Floor Multiple of 2.3, through a Swing Multiple of 2.5 to a Ceiling Multiple of 2.7 - to ensure maximum stability and optimal medium and long term performance of the residential construction sector.
ARTICLES & SUBMISSIONS BY HUGH PAVLETICH & ARTICLES OF NOTE
121212 - Interest Co NZ - Alex Tarrant - Housing Affordability a loomimg retirement crisis
121123 - The Press - Christchurch: Brownlee orders land use plan
121101 - Wall Street Journal - Joel Kotkin - The booming US Gulf States Joel Kotkin: The Third Coast - WSJ.com
121030 - Fairfax NZ - Claire Rogers - Govt plan to make housing affordable
121029 - Interest Co NZ - Alex Tarrant - Govt response to Productivurt Commission HousingReport
121007 - NZ Sunday Star Times - Rob Stock - Govt to target city fringes for cheaper housing
120727 - Interest Co NZ - Alex Tarrant - Wholesale changes to housing supply says Bill English
120718 - The Press - Joelle Dally - Christchurch builders still tread water
120709 - Not PC Guest Hugh Pavletich - Cut price sections required
120707 - New Geography - Joel Kotkin - Houston wins again on standard of living
120627 - Forbes - While rest of US plods Houston gets hot
120626 = You Tube - Sabastian Thrun - The Education Revolution
120625 - The Press - David Killick - Housing is a problem beyond politics
120623 - The Economist - Shlomo Angel and The Laws of the City
120621 - Huffington Post - Canadian Mortgage Rules Change
120620 - The Press - Olivia Carville - Slow rebuild repels workes
120616 - The Press - Olivia Carville - Govt to look at housing problem
120611 - CANTABRIANS UNITE - CHRISTCHURCH: THE WAY FORWARD
120510 - Canterbury Television - Waimakariri Mayor David Ayres housing pressures
120509 - NZ TVOne - Christchurch Housing Headqche
120416 - New Geography - Joel Kotkin - The Screwed Generation
120403 - MacroBusiness Au - Leith van Onselen - Inventory rises - rentals fall
120402 - Interest Co NZ - Alex Tarrant - Housing Squeese on Canterbury
120401 - MacroBusiness Au - Leith van Onselen / Terry McFadgen - Australia playing with fire
120329 - Interest Co NZ - Govt comfortable with Christchurch housing progress
120328 - Interest Co NZ - Fall in New Zealand building consents
120326 - Interest Co NZ - NZ Productivity Comm Housing Report due out April
120325 - MacroBusiness Au - Leith van Onselen - Las Vegas lesson for Australia
120324 - MacroBusiness Au - Leith van Onselen - UK First home buyers trapped
120323 - MacroBusiness Au -Leith van Onselen - Housing swallows Australian economy
120322 - Interest Co NZ - Brownlee gets personal over Christchurch housing
120320 - Canterbury Television - Housing - Hugh Pavletich and Gerry Brownlee (Video)
120319 - NZ Herald - Bogunovich & Bradbury - Opportunity in Christchurch tragedy
120318 - The Press - Virtually no residential rentals in Christchurch
120317 - NZ Herald - Kerry Woodham - Hard times for renters
120316 - SMH - Simon Johanson - Residential top end tanks
120315 - Finfacts Ireland - Irish house prices near rock bottom
120314 - Interest Co NZ - NZ Labour still at sea on housing
120313 - SunLive - Indoctrinating the kids with "Smart Growth"
120312 - MacroBusiess Au - Leith van Onselen - Home sales lowest since 1996
120310 - The Press - Liz McDonald - Top dollar asked for slum flats
120307 - MSM - CERA says 25,000 sections to come on stream (?)
120306 - RNZ - CERA Boss Sutton says Canterbury economy booming (?)
120305 - The Press - Sam Sachdeva & Michael Berry - Exodus to Australia hits record
120303 - NZ Listener - Editorial - Rethinking Local Government
120227 - NZ Listener - Jane Clifton - Tackling the rising rates
120226 - The Press - Dundein City spending in spotlight
120225 - The Press - 7,000 business owners need structural assessments
120224 - The Press - Mike Coleman - Red zoners stressed to breaking point
120223 - The Press - John McCrone - Christchurch leadership styles
120222 - AP International – Nick Perry - Slow progress in Christchurch (Houston Chronicle)
120221 - The Press - Christchurch Council problems cultural - David Lynch
120217 - The Press - Christchurch protest rally seeks elections
120215 - The Press - Liz McDonald - Christchurch property owners leaving town
120214 - CANTABRIANS UNITE WEBSITE LAUNCHED - - FACEBOOK
120213 - MacroBusiness Au - Leith van Onselen - Charting Chinas Housing Bust
120209 - The Press - Mayor Parker "clown" says Recovery Minister Brownlee
120201 – CHRISTCHURCH COUNCIL PROTEST DAY – REFER Cantabrians Unite
120130 - The Press - Sam Sachdeva - CCC Marryatt peformance fell - pay increased
120129 - The Press - John McCrone - Bringing down the powers that be
120127 - Kiwipolitico - The culture of impunity
120126 - The Press - Christchurch rebuild PM Keys Top Priority
120125 - The Press - Michael Daly - Quake rebuild questioned - house prices too high
120124 - 2012 8th ANNUAL DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY SURVEY
120123C - MacroBusiness Au - Leith van Onselen - 2012 8th Annual Demographia Survey
120123B - NZ Herald - Anne Gibson - N Z houses highly unaffordable
120123A - Bloomberg - Hu yong Yu - Vancouver displaces Sydney for costliest housing
120123 2012 DEMOGRAPHIA SURVEY - MEDIA RELEASE
120120 - The Press - Christchurch Council orders communications review
120119 - The Press - EQC slams The Press article
120118 - EQC Public Relation Department Powerpoints
120117 - The Press - Sam Sachdeva - Campaign against Marryatt pay rise grows
120107 - The Press - Charlie Gates - Marryatt defends $68,000 pay rise
120102 - The Press - Ben Heather - Christchurch Council blasted with Building Report
120101 - The Press - Ben Heather - EQC claims managements criticised
111223 - Interest Co NZ - Big earthquake hits Christchurch
111221 - The Press - Ben Heather - Recovery Minister Brownlee scolds Council
111219 - Interest Co NZ - PM Key likes Darft Productivity Com Housing Report
111218 - The Press - Jo McKenzie McLean - $70,000 pay rise fpr Christchurch Council boss
111216 - Interest Co NZ - NZ Productivity Commission Draft Housing Report released
111215 - Centre for Independent Studies - Oliver Marc Hardwich - Why Australia is unaffordable
111212 - Martin Durkin (UK) - Three cheers for urban sprawl
111207 - Interest Co NZ - Unaffordale housing blows out NZ Govt welfare
111205 - The Press - Sam Sachdeva - Christchurch Trust plans to reduce section costs
111203 - The Press - Paul Gorman - Christchurch Council breaches accounting standards
111115 - UK Telegraph - Emma Rowley - Britain to become a Nation of renters
111114 - Stuff NZ - Daniel Adams - Hamilton Councils shocking V8 saga
111111 - MacroBusiness Au - Leith van Onselen & Terry McFadgen - Expect the revolution to grow
111110 - The Press - Paul Gorman - Council staff broke insurance limits
111109 - China Daily - Chinese authorities aware of housing bubble costs
111104 - The Press - Michael Wright - Recovery Minister defends land interventions
111103 - MacroBusiness Au - Leith van Onselen - How Phoenix housing boomed and bust
111101 - Scoop NZ - Hugh Pavletich - How housing bubbles are triggered
111031 - UK Daily Mail - Baby boomers most selfish generation
111030 - Interest Co NZ - NZ building consents fall September
111029 - The Press - Sam Sachdeva & Michael Wright - More Council building consent staff (!)
111028 - MacroBusiness Au - Leith van Onselen - Australian house price falls accelerate
111027 - Interest Co NZ - Hugh Pavletich - Christchurch recovery: The political circus
111026 - Scientific American - David H Freedman - Why economic models are always wrong
111024 - NZCPR - Matt Ridley - Gas against wind
111023 - UK Telegraph - World power swings back to America
111016 - Mish - Mike Shedlock - China's preposterous housing costs
111015 - New Geography - Wendell Cox - How cities grow: Dispersion not densification
111014 - Interest Co NZ - Patrick Smellie - Brownlees disastrous land supply plan
111013 - Sam Sachdeva - Regulations obstacle to rebuild
111012 - Vanity Fair - Michael Lewis - California and Bust
111006 - HoweStreet - John Mauldin - An Irish haircut
111002 - The Press - Lois Cairns - Councils jolted in to action on seismic risks
110928 - The Press - Bob Jones says CBD cannot be rebuilt
110924 - The Press - John McCrone - CBD Masterplan a major risk
110923 - MacroBusiness Au - Leith van Onselen - Look to Texas to solve Australia's housing supply
110921 - Office of Chief Rabbi (UK) - The Wests Moral Malaise
110914 - The Press - Hugh Pavletich - Bloated bureaucracy hinders recovery
110723 - The Press NZ - Three up for Christchurch Council top job
110722 - NZ National Business Review - Southland boss (Ciaran Keogh) demands better national strategy
110721 - Interest Co NZ - NZ migration to Australia
110720 - Macrobusiness Australia - Brisbane housing sales volume trends
110718 - Associated Press - Living in fear: 7,500 earthquakes hit shattered Christchurch, New Zealand
110715 - New Geography - United States State & Local Taxes - The Tax Foundation - Mark Schill
110714 - The Australian - Residential land sales collapse 45% says Housing Industry Association of Australia
110712 - Joel Cayford Blog - Christchurch Council’s (Local & Regional) Planners fudge earthquake risks
110711 - The Press NZ - New Zealand’s software skills "shallow"
110710 - Macrobusiness Australia - Rethinking urban planning - Leith van Onselen
110709 - New Geography - The costs of Smart Growth revisited; A 40 year perspective - Wendell Cox
110708 - The Press NZ - Christchurch Council not willing to come clean - Paul Gorman
110707 - The Press NZ - 93ha Christchurch fringe subdivision gets "green light"
110706 - New Zealand Herald - Auckland house values hit new heights
110630 - Royal Society of New Zealand & Engineer Groups Paper - The Canterbury Earthquakes
110629 - NZ Herald - Two thirds of NZ businesses take earthquake hit says Grant Thornton
110628 - The Press NZ - Land price issue of "real concern" says CERA boss Roger Sutton
110625 - The Press NZ - Pressure on to allow development of fringe Christchurch land
110623 - Canterbury NZ Television - "Getting recovery underway" - Jo Kane One on One interviews Hugh Pavletich
110620 - Interest Co NZ - Christchurch NZ earthquake: Council stalled recovery - Hugh Pavletich
110617 - American Dream Coalition (ADC) - Bubbles, Booms & Busts (links to important articles)
110616 - South China Morning Post - China’s extraordinary housing prices
110615 - Radio New Zealand - Political dithering delaying earthquake recovery - Hugh Pavletich
110614 - Christchurch CBD destruction photos April 27 2011 - Ross Becker
110613 - UK Daily Mail - Japans remarkable earthquake recovery - 3 months later
110612 - Not PC - Christchurch Council staff circus - tending flowers in the Red Zone - Hugh Pavletich
110611 - Macrobusiness Australia - Uncle Specufestor: A success story (hilarious) - The Bogan
110610 - NCPA - The housing crash and Smart Growth - Wendell Cox
110609 - The Press NZ - Christchurch Mayor threatens to quit
110605 - New Zealand Government shutting down housing construction - Interest Co NZ
110603 - Macrobusiness Australia - Australian Banker makes housing sense - Leith van Onselen
110601 - New Geography - "The Katrina Effect" Renaissance on the Mississippi - Joel Kotkin
110525 - Australia Channel 7 - SQM Research predicts property plunge
110524 - NZ TV3 Campbell Live - Fixing Aucklands housing affordability problems
110523 - NZ TV3 Campbell Live - Politicians cannot afford houses (video)!
110521 - UK Guardian - A generation denied home ownership (Joseph Roundtree Foundation report)
110520 - Interest Co NZ - Christchurch earthquakes see exodus to Australia
110519 - Sydney Morning Herald - Australian consumer spending wilts
110517 – The Pulse - Why Queensland is going down the gurgler - Ross Elliott
110614 - The West Australian - Property slump worst in 20 years
110513 - The West Australian - House buying tougher than Colins Day
110512 - Perth Now - Western Australia suffers record low property transactions
110511 - MacroBusiness Australia - Australia Housing Crash Testing - Leith van Onselen
110228 - Australian Productivity Commission - Draft Report: Urban Planning Zoning & Assessments
110227 - Vanity Fair - Michael Lewis - When Irish Eyes Are Crying
110226 - Australian Business Spectator - Oliver Marc Hartwich - The cult of Australian property
110225 - Bay of Plenty Times Editorial - Time ripe to tackle housing problem
110215 - Leith van Onselen - U.S. Treasury’s Housing Report Gets It Half Right
110214 -AEI - Governor Chris Christie Speech - It’s Time to Do the Big Things
110213 - Stuff NZ - Christchurch’s earthquake refugees
110206 - Macrobusiness - Leith van Onselen - Disparate groups slam Australia’s housing affordability
110205 - Bay of Plenty Times - Julia Proverb - Dreaming of a home
110204 - NZ Herald - Brian Fallow - No easy way to shake off our debt burden
110203 - China Worker - Hong Kongs housing bubble fuels popular anger
110202 - Interest Co NZ - Hugh Pavletich - Respecting the median multiple housing measure
110201 - Sydney Morning Herald - Hugh Pavletich - Report: housing affordability out of sync with incomes
110132 - Real Estate Institute of Australia - Affordability still a great concern across Australia
110131 - Australian Greens - Housing Affordability in Australia a world class outrage
110130 - SMH - Michael Perusco - Condemned to poverty in a housing market gone mad
110129 - United States National Association of Realtors - U.S. Homes Are Most Affordable
110128 - Forbes - Joel Kotkin - Why Affordable Housing Matters
110127 - The Unconventional Economist - Detailed Report: The 2011 Demographia Housing Survey
110126 - Australian Broadcasting Corporation - Australian houses among world's most expensive
110125 - NZ Herald - Anne Gibson - Auckland houses less affordable than New York
110124 - 2011 7th ANNUAL DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY SURVEY
110123 - Media Release - 7th Annual Demographia international Housing Affordability Survey
110117 - The Unconventional Economist - Never Trust a Real Estate Economist
110114 - UK Daily Mail - Honey, we shrunk the house (shrinking size of new UK housing)
110114 - Reuters - Haiti earthquake toll over 316,000
110113 - Reuters - Home price drops exceed Great Depression: Zillow
110112 - The Unconventional Economist - Why not copy Houston?
110109 - The Unconventional Economist - The Great Australian Land Racket
110108 - Seeking Alpha - Leith van Onselen - The truth about the US housing market
110107 - The Unconventional Economist: Planning Gone Mad
110106 - Frontier Center Canada - Larry Mitchell - Will Auckland amalgamation work
110105 - The Unconventional Economist - The Truth about the US Housing Market
110104 - Jewish World Journal - Thomas Sowell - “Saving” the housing market
110102 - Daily Telegraph - Australians sinking under debt burden
110101 - Real Estate Buzz Australia - Housing: Understanding simple structural realities 2010
101221 - CaliforniaCityNews.org - Californians Struggle to Keep Roofs over Their Heads? Census Bureau Relays Housing Costs
101220 - Simple & Sustainable - Melbourne's Median House Prices Vs Wages 1965-2010
101216 - Scoop News NZ -How did we become wealthy?
101213 - The Australian - Victorian voters defend the quarter-acre dream
101212 -The Unconventional Economist: Now I Understand - Australia is different (video)
101209 - REIA - Largest annual decrease in housing affordability
101208 - The Age - Land prices shatter home owners dreams
101206 - UK Telegraph - Grant your own planning permission, government tells homeowners
101201 - Scoop News NZ - Sound Housing Market Measures Required
101126 - Critical Influence - Lies, Damned Lies, and Housing Statistics
101122 - The Age - Melbourne Jumps Its Boundary
101121 - The Unconventional Economist: Australian Treasury Calls Housing Bubble
101119 - YouTube - Idiots guide to public sector that produces no wealth
101029 - NZ Herald - Earthquake highlights need to open city limits says HughPavletich
101028 - CNBC - The Lone Star Secret (Texas Mortgage Consumer Protection Legislation)
101026 - The Unconventional Economist - Don't forget New Zealand
101015 - Real Estate Buzz Australia - N Z RMA Reform: Nick Smith's confusion
101014 - Interest Co NZ - NZ RMA Reform discussion papers bureaucratic mush
101013 - Scoop News NZ - N Z RMA Reform: Nick Smith's Confusion
101012 - NZ Government - Planning reform needed for NZ cities to be competitive
101007 - Sydney Morning Herald - House building hits 18 month low
101006 - Demographia - American Dream under threat due to excessive regulation
100929 - Sydney Morning Herald - Fitch Ratings | Housing stress test spooks market
100926 - Seeking Alpha - The Great Australian Housing Bubble
100920 - Scoop News NZ - Christchurch: A Bureaucratically Buggered City
100915 - NZ Herald -Earthquake highlights need to open city limits - Hugh Pavletich
100903 - Sydney Morning Herald - Poor planning to blame for building slump, says report
100820 - Scoop News NZ - Australian Liberal Coalition Housing Policy Applauded
100819 - Australian Federal Liberal Coalition Housing Policy
100818 - Austin Statesman - Getting $US115,000 new houses on Austin's fringe
100717 - New Geography - How Texas avoided the Great Recession - Wendell Cox
100816 - New Geography - Year 1959 - Have we learnt much since? - Rick Harrison
100815 - Sydney Morning Herald - Housing bubble trouble for the middle class
100720 - Scoop News NZ - China: The Mother Of All Housing Bubbles
100714 - Mish (Mile Shedlock - Ponzi Shark Loans fuel China's housing bubble
100712 - CNBC - Texas top State for business
100711 - Australian Housing Blog - Housing Bubbles: Are the British waking up too?
100707 - Scoop News NZ - Americans Slow Learners About Housing Bubbles
100629 - Mish (Mike Shedlock) - UK Local Government employees antics
100628 - UK Daily Mail - UK Local Government employees rorting the system
100615 - Scoop News NZ - Housing Affordability: Financing Infrastructure Properly
100614 - Real Estate Buzz Australia - Housing Affordability: Financing infrastructure properly
100603 - Scoop News NZ - China's Housing Bubbles: Quality Research Required
100601 - News Com Australia - Sydney house prices worse than London and New York
100525 - Scoop News NZ - Australian Housing Bubble: California Repeated?
100522 - The West Australian - New Minister wants to flood WA with land
100505 - Scoop News NZ - New Zealand Local Government Initiatives Welcome
100503 - Gov Monitor - Melbourne's expanded growth boundary
100428 - Scoop News NZ - Australia's Housing Shambles
100416 - Real Estate Buzz - Housing affordability – Hugh Pavletich response to journalists
100426 - The Press NZ Editorial - Regional Council (ECan) Council dismissed Commissioners appointed
100425 - Wall Street Journal - An economy of liars - Gerald O'Driscoll Jr
100424 - The Fifth Estate - The expected reaction of the urban stranglers to Productivity Commission Study
100423 - Australian Productivity Commission – Urban Planning Study Underway
100422 - The Age Melbourne - The impossible dream
100421 - The Age Melbourne - In 1955, $7000 bought a house
100420 - New York Times - Paul Krugman: Georgia on my mind
100418 - New Geography - Unaffordable housing in Hong Kong - Wendell Cox
100417 - Sydney Morning Herald - The China Bubble: Edward Chancellors perspective
100407 - The Economist - Bubbles: A Texas Mystery
100402 - NZ Institute of Architects - Government killing the Kiwi dream?
100330 - Scoop NZ - Leaky Homes And An Architect’s Musing’s
100329 - Interest Co NZ - Houston, we have a (housing affordability) problem
100321 - Scoop NZ - Urban Planning: It’s A Cultural Problem
100320 - OnLine Opinion - Urban planning: it’s a cultural problem
100318 - The Age Melbourne - Huge Land Bank Puts Squeeze On Property Buyers
100317 - UK Guardian - How going green may make you mean
100316 - The Age Melbourne - Dazzled by housing's magic rise - Tim Colebatch
100315 - UK Mail OnLine -Flat smaller than a snooker table is worth £200,000
100314 - NZ Herald - It's hard labour to own a house
100308 - Scoop NZ News - Urban Planning: An Academic Who “Gets It”
100303 - Interest Co NZ - Housing affordability: Is there a solution in the wings? - Rodney Dickens
100302 - Scoop NZ - Housing Bubbles: Jumbo Mortgages = Jumbo Problems
100301 - Strategic Risk Analysis - Housing affordability: Is a solution in the wings? - Rodney Dickens
100230 - Financial Times - How long has the lucky country got? - Edward Chancellor
100229 - Herald Sun Australia -They're homing in on our houses - Andrew Bolt
100227 - Greater Fool Canada – The Troubled Future of Real Estate - Garth Turner
100222 - Scoop NZ - Housing Bubbles and Dumb Denial
100221 - Aussie Home Loans - Australian homes worlds least affordable
100215 - Planetizen - Resisting Dickensian Gloom - Tony Recsei, SOS Sydney
100212 - New Geography - Unlivable Vancouver - Wendell Cox
100202 – Mish (Mike Shedlock) - Reports on the Australian housing bubbles
100201 - Mish (Mile Shedlock) - Reports on this years Demographia Survey
100129 - SBS Australia (Croatian) - The Great Australian Nightmare
100127 - ABC Perth - Hugh Pavletich discusses housing affordability
100203 - Interest Co NZ - N Z Government Housing Affordability focus welcome
100128 - NZ Government - Dr Nick Smith - New work underway on Phase II of RMA reforms
100126 - New Geography - Housing Unaffordability as Public Policy - Wendell Cox
100125 - Save Our Suburbs, Sydney, Aust (SOS) - Demographia Survey Media Release
100124 - 2010 6th Edition Demographia International Housing Affordability Survey Media Release
091218 - Interest Co NZ - Housing Bubbles & Parkinsons Law
091204 - Interest Co NZ - The curse of politically engineered research
091203 - Scoop NZ - The curse of politically engineered research
091125 - New Geography - Housing Bubbles: Why are Americans ignoring reality
091124 - On Line Opinion - Housing Bubbles: Why are Americans ignoring reality
091113 - Scoop - Why are Americans ignoring reality
091112 - Interest Co NZ - Housing Bubbles: Why are Americans ignoring reality
090708 Hon Bill English - Government considers local body ‘bond bank’
090706 Interest Co NZ - Local Government failure led to housing bubble behaviour
090706B - Scoop: Housing Bubbles - Economists ‘Cart Before The Horse’ Problem
090526 - Interest Co NZ - Housing Bubbles are a local issue
090526B - Scoop: Housing Bubbles Are A Local Issue
090524 - Atlantic Online - United States Bubble Cities with map
090524B - NZ Sunday Times - Cheaper borrowing for local authorities
090514 NZ Herald News - Govt looks at 'city limits' as house prices stay high
090508A - Hon Dr Nick Smith Speech to the NZ Planning Conference
090508B - New Zealand Government - Work programme for Phase II of RMA reforms announced
090503 Interest co nz: NZ vs Australian housing policy; the need to focus on structural issues
090503B Scoop: Housing : Focus on Structural Issues
090417 Interest co nz: What if NZ and others were issuing building consents at the US rate?
090417B Scoop: United States House Building Below Replacement
090407 Interest co nz: Housing Bubbles & Deceit
090407B Scoop: Housing Bubbles & Deceit
090320 Interest co nz: New Zealand's pragmatic political approach welcome
090320B Scoop: New Zealand's pragmatic political approach welcome
090306 - Wall Street Journal "You cant spend your way out of a crisis" -
Hon John Key, New Zealand Prime Minister
090225 Scoop: Housing Bubbles: Learning From Houston
090225B Interest co nz- Housing Bubbles: Learning from Houston
090209 Scoop: The Dangers Of Superficial Knowledge
090206 NZ Herald: There are no perfect measures - so lets stop quibbling
090204 Beehive - Affordable Housing Enabling Territorial Authority Act to be reviewed
090202 Scoop: NZ Herald ‘Home Truths’ Article Confused
090202B Interest Co NZ : NZ Herald Home Truths article confused
090130 Scoop: NZ Government Housing Commitment Applauded
090126 2009 5th Edition Demographia Survey International Release
090126B 2009 5th Edition Demographia International Housing Affordability Survey
090126C New Zealand Housing Minister Heatley response to Demographia Survey
090109B Interest Co NZ - Housing Bubbles and Market Sense
090109 Scoop: Housing Bubbles and Market Sense
081218 Scoop: Open Letter: NZ Local Government & Housing
081215 Scoop: Discussing Global Deleveraging
081215B Interest Co NZ: Discussing Global Deleveraging
081205 Scoop: New Zealand: Local Government Focus Required
081120 Scoop: Housing Bubbles: Learning To Grow Up
081117 Scoop: United Kingdom Housebuilders Face Market Implosion
081112 Scoop: ‘Performance Urban Planning’ Website Launched
081024 Scoop: Deflating Housing Bubbles - The Reality
081016 Scoop: Housing Bubble Induced Severe Recession
081007 Scoop: “Kiwis Pay Price For ‘Cullen Housing Bubble’”
081006 Scoop: The California Housing Fiasco
080930 Scoop: “Housing: Taking A Bubble Bath To Reality”
080922 Scoop: Housing: Affordable Fringe Land Required Urgently
080922B The property bubble - ABC Radio Counterpoint (Michael Duffy)
080918 Scoop: The Last Global Housing Bubbles
080912 Scoop: Waitakere City Council NZ Housing Plan Too Vague
080909 SBS Television Australia "Bursting the Bubble"
080905 Scoop: United Kingdom House Building Collapses
080901 Scoop: Bank Economists At Sea On Housing
080829 Property Institute of New Zealand Seminar
080826 Scoop: Does The Economics Profession Understand At All?
080826B Scoop: US Association Of Realtors July 2008 Report
080825 Scoop: Housing: The Disaster Zone Of California
080821 The Housing Bubble - Frontier Centre for Public Policy, Canada
080811 The Housing Bubble: The Planner's Role and Lessons Learned | Planetizen
080810 Scoop: Understanding Housing Bubbles
080808 Affordable housing no accident in Houston - Houston Business Journal:
080807 Nelson Property Investors Meeting
080804 Scoop: Housing Information: The Geeks Lead The Way!
080729 Scoop: Govt Inaction Collapsing House Building Industry
080721 Scoop: Housing: Dealing With Real Structural Issues
080518 Houston Preserving the American Dream Conference
080428 Scoop: Urban Planning Degrades Housing Productivity
080413 Scoop: Housing Affordability Requires Action Now
080406 Scoop: Foreclosure reality in the United States
080327 NZ Housing Policy Forum - Conferenz
080325 Scoop: Housing Affordability: Good Progress in NZ
080307 Scoop: Housing Affordability: Australia Wins – NZ loses?
080304 Scoop: Australian PM Rudd Housing Initiatine Pathetic
080224 Scoop: Latest NZ Poll Results A Wake Up Call
080211 Scoop: REINZ Applauded for Housing Supply Information
080211B Scoop: Poor Analysis, Reporting of Urban Property Bubbles
080205 Scoop: Housing Affordability: Lessons From California?
080202 Restoring the Housing Opportunity - Op Ed NZCPR
080129 Scoop: Housing market comparisons - Message to NZ PM
080122 Scoop: Focus must be on fringe land supply
080116 Scoop: UK Financial Times Call for Finance Regulations
071220 Scoop: Housing Affordability – The Shift To Reality
071210 Scoop: Housing Afforability: Open Letter to Minister
071210B Scoop: Housing: Stop Playing Games – Focus On Real Issues
071205 Scoop: NZ Govt's Housing Affordability Package Pathetic
071121 The Need for Clarity - Message to the Housing Industry Associaion of Australia
071120 Scoop: Hugh Pavletich Response to Blair Dickie RMLA of NZ
071115 Scoop: Hugh Pavletich Comment - Housings High Water Mark
071111 Scoop: New Zealand Lifestyle Block Mythology
071108 Scoop: Housing - Learning About The Importance Of Supply
071107 Scoop: Planners Will Never Admit They Are Wrong
071004 Scoop: Letter To John Key - Housing Affordability
070718 Dallas Fort Worth / Sydney Fringe Starter Home Cost Comparison
070615 Submission to New Zealand Housing Affordability Inquiry
070614 OUR YOUNG NEW ZEALANDERS DESERVE AFFORDABLE HOUSING
070423 Scoop: Auckland Housing Report Must Be Acted On
070222 Scoop: National Party showing leadership over housing
070215 Scoop: "Demographia Urges Quality Housing Research"
070212 Scoop: New Zealand Planning Institutes – Demographia
070212B Scoop: International Housing Availability Survey (New Zealand Planning Institute)
070129 Scoop: Refugees from Urban Areas thank to Smart Growth
070129 Counterpoint ABC Radio Interview (Michael Duffy) Australia - Housing affordability
061127 Scoop: Export Western Planners to China?
061106 Scoop: Draft Greater ChCh Urban Strategy Destructive
061031 Scoop: Housing Minister Applauded for Focus on Supply
061017 Scoop: Closed cities of despair or open cities
061006 Scoop: Housing Suggested Solutions Won’t Work
061002 Scoop: Open Letter To Alan Bollard Re Household Savings
060904 NZ and UK Labour Show Aust ALP the Way - The New City, Sydney
060902 The Housing Affordability Issue in New Zealand - NZCPR Guest
060822 Scoop: Supply In Addressing Housing Affordability Issue
060822B Scoop: PM Howard Urges States To Release Land For Homes
060811 Scoop: Minister Congratulated - Land Supply Investigation
060510 Scoop: Global Urban Experts Available to Speak
060504 Scoop: Real Estate Institute Needs To Talk Public Policy
060403 Scoop: NZ Treasury Housing Affordability Paper
060320 Scoop: Pavletich Response To Muriel Newman Online
060213 Scoop: Waitakere City Applauded For Land Initiatitive
060125 Scoop: NZ Local Government Needs To Face Reality
060126 Scoop: NZ Economists Need To Better Understand Housing
060123 Scoop: Demographia Int. Housing Affordability Survey
051128 Scoop: Putting The “Local” Back In To Local Government