A wee while back I posted a graph that Treasury had prepared showing
the link between net migration and house prices. Yesterday we got
the latest net migration numbers. So I've updated Treasury's graph:
X is the annualised rate of net migration based on the last quarter.
Good luck to the RBNZ with this one.
More than a little frustrating that we're running punitive anti-dumping tariffs on construction materials in the middle of all this.
ReplyDeleteGood point - I take it you're referring to my post the other day on anti-dumping? - I hadn't made the connection, but you're right of course
ReplyDeleteI was indeed. The Kiwiblog comments on that one are particularly depressing.
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