Asia & Pacific

New NZ Reserve Bank Study Finds Immigration Linked to Higher House Prices

According to the study, immigration accounts for about 20 percent of the variation in house prices three years after a surge in migrant arrivals.
Google LogoMark Us Preferred on Google
New NZ Reserve Bank Study Finds Immigration Linked to Higher House Prices
A general view of houses in the suburb of Woodridge in Wellington, New Zealand, on April 9, 2016. Hagen Hopkins/Getty Images
Rex Widerstrom
|Updated:
0:00

Recent research by the Reserve Bank of New Zealand suggests that “immigration shocks” can lead to higher house prices and greater household credit.

An immigration shock refers to a situation in which a country experiences a sudden, unexpected or large-scale increase in the number of migrants.

Google LogoMark Us Preferred on Google
Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.