" Isn,t it funny how they never mention curbing immigration.....?? "
Err , perhaps because its not the problem.
Different country same issue;
Migrants are having a relatively small impact on Auckland's rising house prices, a new study says.
The research paper, commissioned by the Government, appears to contradict recent claims by Opposition parties and others that immigration is to blame for house price inflation.
"Overall we find that ... visa-controlled immigration into New Zealand, and specifically into Auckland, in the recent past has had a relatively small impact on house prices compared to other demand factors," the study said.
"Consequently, changes in immigration policy, which can impact only on visa-controlled immigration, are unlikely to have much impact on the housing market."
The authors said growth in net migration was largely driven by student and temporary working visas, who were less likely to buy houses.
The study also found that migrant investors were not having a disproportionate impact on Auckland's housing market because they were mostly buying commercial property or a single house.
While the study did not look specifically at potential changes to immigration policy, it said any reduction in migrants could do more harm than good.
"It is plausible that any policy-driven reduction to the inflow of migrants to offset housing demand is likely to exacerbate skills shortages..."
