Net migration not a key driver of high house prices
Dr Oliver Hartwich
13 November, 2020
In a recent interview on Newstalk ZB, prime minister Jacinda Ardern said New Zealanders coming home after Covid-19 was a major factor in record levels of home lending.
Oliver Hartwich explains to Mike Hosking why it is not correct to draw a straight line from high house prices to net migration.
He says more significant factors are pushing up demand.