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No surprises: Wages haven't kept up with runaway house prices. Some evidence.

No surprises: Wages haven’t kept up with runaway house prices. Some evidence.

Over the last few years, I’ve spent some time looking at and engaging with the affordability debate. For New Zealand, it is a significant but not so hotly contested debate, given the linear rise in wages set against exponential growth of house prices across all of the regions. Here is a less technical graph of […]

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Gazing into the Crystal Ball: Machine learning to predict house prices

Gazing into the Crystal Ball: Machine learning to predict house prices

Here’s an excerpt from on recent research project on Machine Learning for Real Estate and Housing Markets… “…Here we consider all 21 national-level indicators and train models that attempt to predict Auckland’s median house prices. The figure shows the results of this experiment. The data from 2009 through to the end of 2015 was used […]

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An 'innovative' framework for comparing real estate development

An ‘innovative’ framework for comparing real estate development

Approaches to international comparative analysis of real estate development can be used to bring out some comparisons in case study sites. Key layers and mechanisms that can be used to make such comparisons and highlight the investment and finance opportunities that are found in different property market contexts. From this model, comparisons in the financing […]

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What are the motivations for energy efficient refurbishment (EER)?

What are the motivations for energy efficient refurbishment (EER)?

Owner-occupier motivation is multifaceted and complex. It is the precursor to energy efficiency refurbishment (i.e. action) and to encourage a greater uptake such refurbishment better understanding of this motivation is required. Existing motivation models and concepts – typically from a psychology or sociology perspective – give some indication of potential motivations, but have yet to […]

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Mapping Financial Risk and Housing Trends in New Zealand: towards ‘freer’ in a largely free market?

Mapping Financial Risk and Housing Trends in New Zealand: towards ‘freer’ in a largely free market?

For New Zealand, at a national scale housing policy trends have encouraged market engagement given its high proportion of residential ownership, with social housing provision being more a concern for those in need. This is set alongside greater trend concerns over unaffordable housing for the middle class, as property prices have disproportionally risen against wages […]

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Regional house price (sales) trends 2010-2017. An acceleration in Auckland and Central Otago Lakes

Regional house price (sales) trends 2010-2017. An acceleration in Auckland and Central Otago Lakes

Here’s an excerpt from a recent Journal Paper where we see An acceleration in Auckland and Central Otago Lakes since 2013 Median house price trends across regions of New Zealand demonstrate an important skew. Auckland experienced a steady incline from $240,000 NZD in 2000 to $430,000 NZD in 2010, followed by a plateau after the […]

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A Covid-19 Pandemic Retrospective:  Activity being generated in the Real-estate Sector over the volatile period during the COVID19 in New Zealand

A Covid-19 Pandemic Retrospective: Activity being generated in the Real-estate Sector over the volatile period during the COVID19 in New Zealand

The graph depicts the year-on-year percentage changes of the amount of economic activity being generated in the Rental, Hiring and Real-estate Sector over the volatile period during the COVID19 crisis and the economic shutdown of the nation. The figure shows a daily chronology of events during this period, as well as the economic impacts detected […]

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State Housing New Zealand

State Housing New Zealand

Great stories piece on State Housing in New Zealand. Only 4% of total stock but has been an essential part of the fabric since 1906. The first ‘worker’s dwellings’ in Petone, that was Wellington region’s first colonial settlements and already home to a fortified Māori village, known as a pa. https://www.nzgeo.com/stories/state-housing/

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What is Research?

What is Research?

‘Research’ is a term that covers a multitude of activities, but in one way or another they are all about finding things out. At one level this can mean simply collecting information, so that an evening spent on the internet looking up holiday options is a form of research. But at another level research involves […]

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2 years on: Is the Housing Affordability crisis still a crisis?

2 years on: Is the Housing Affordability crisis still a crisis?

Here’s part of an article I wrote for the main online NZ media outlet stuff.co.nz on housing affordability prior to the 2017 election… Talk of a housing “crisis” tends to focus on an increasing number of people not being able to afford good quality, affordable housing – whether through owner-occupation, private renting or social renting. Affordability […]

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Crowdfunding real estate

Crowdfunding real estate

In  a journal paper we argue that Disruptive Innovation Theory indicates that there is disruptive potential of Real Estate Crowd-Funding (RECF). As an excerpt…”RECF seems to generally align with the classic characteristics of disruptive innovations…RECF may potentially improve accessibility and affordability of real estate finance, thereby helping to address the problem of shortage of real […]

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Improving water quality with rural land use policy: (re)balancing farmland regulation, intensification and financial viability

Improving water quality with rural land use policy: (re)balancing farmland regulation, intensification and financial viability

              Policymakers in New Zealand are attempting to achieve improved environmental outcomes by implementing an output-based approach to non-point-source pollution from intensive agricultural production. Initial emphasis has focused on the nitrogen leached, with the assumption that this can be calculated accurately on an individual-property basis. While catchment-wide nitrogen-loss levels are […]

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My New Edited Book - Routledge Companion to Real Estate Development

My New Edited Book – Routledge Companion to Real Estate Development

                          Real estate development shapes the way people live and work, playing a crucial role in determining our built environment. Around the world, real estate development reflects both universal human needs and region-specific requirements, and with the rise of globalization there is an […]

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DSC02203

Solutions to the housing crisis – Housing Associations in the Private Rented Sector?

            How do housing stakeholders align future private and public spending to identify investment opportunities and help meet the City’s broader economic and spatial planning priorities – through the private rented sector?The private rented sector represents a growing proportion of the housing market nationally and locally and the only housing option for many households priced […]

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Baltimore - 36

Community self-build schemes enabling holistic solutions for ex-servicemen

              It is worth looking at the impact of community self-build schemes, especially as many have helped ex-service personnel rehabilitate whilst gaining new skills. Promotion of this type of scheme can encourage and inform future projects and to gain political and financial support. Schemes often involve ex-service personnel encountering difficulties in adapting […]

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Tax Increment Financing

Tax Increment Financing (TIF) as an urban policy for spatially targeted economic development initiatives

Urban policy transfer between the US and UK has long been of interest to researchers and practitioners. Given the recent wider context of reduced direct funding and the absence of a coherent regeneration policy, the introduction of Tax Increment Financing (TIF) to the UK is one approach of stimulating spatially targeted economic development initiatives. Questions are raised […]

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Socially Responsible Property Investment (SRPI) as the new sustainable development growth model

In examining the effectiveness of the investment practice known as ‘Socially Responsible Property Investment’ (SRPI), funds and developers make special claims for their regeneration schemes, namely, that they deliver enhanced social benefits. But what in regeneration practice distinguishes SRPI from the actual priorities and behaviours of investors and developers in the sub-sector? Plus what are SRPI regeneration schemes moving […]

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Braddon Street

Low Demand Neighbourhoods – Housing Market Renewal Experience

I completed a PhD from the University of Manchester (2009), that predominantly focused on exploring the drivers and dynamics associated with what I termed ‘low demand neighbourhoods’ – those areas (particularly those in industrially restructuring cities) that have had high void rates, high population turnover, low value and heavy out-migration. Along side this was a […]

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