Posts | Free Content – Professor Graham Squires

Guest Speaker – Financial Services Council – Are reverse mortgages a solution to our retirement housing crisis? Online. November 2021

Transit-Oriented Development (TOD) – A Primer.

Here we consider the emergent role of transit-oriented development (TOD) that is playing a role in ‘future value’ whilst dealing with environmental resource and place-based

Our New Book: Construction Procurement. What is it about?

A bit likes buses, I have 2 books coming out at the end of the year with publishing dates 2022. This book is an easy-to-read

New Book – The Economics of Property and Planning: Relevance and Importance

Given the imminent release of my new book ‘The Economics of Property and Planning’, here is some text on the book’s relevance and importance. Both

On Afghanistan – Part 2: Is it possible to parachute a democratic system on a tribal model?

Here is the second of my ‘On Afghanistan’ posts that delve into some interesting Political-Economy of one of the poorest places on earth. Here we

New Paperback Version – Routledge Companion to Real Estate Development. (2021). 29 Chapters. 43 Authors.

Good news for those interested in theory-practice of Real Estate Development. Our edited book has been published as a much more ‘affordable’ paperback. Also an

Can ‘PropTech’ increase property returns in a Covid world?

Property Course Schedule Starting February 2022 (Semester 1): 3 Years; 24 Papers; 5 Accreditations; 1 Degree

If you wish to do a 3 Year Undergraduate BBus (Property) Degree AND Get Qualified for the Valuers Registration Board (VRB) to become New Zealand

Economic Geography and Space

Ideas of place in the economics property and planning cannot escape the concepts of space and spatial considerations held with economic geography. Space as a

On Afghanistan – Part 1: Can an imposed liberal democratic system and ‘humanitarian intervention’ give stability and peace?

This may be slightly out of the left field. I’ve been interested in the progress and poverty of the disadvantaged for many decades now. As

Institutional and behavioural economics

It can be seen that classical economic thought on property and planning is relatively young with writers dating back to the 18th century. This is

Transport and Infrastructure Economics in Property and Planning

It is quite widely thought that the role of infrastructure, particularly transport, is one useful way to understand the history of places. Particularly by looking

How to become a registered valuer in New Zealand

People often ask me…’How do I get registered through the Valuers Registration Board (VRB) to join the New Zealand Institute of Valuers (NZIV) in New

On Justice in Property and Planning – Normative Economics in Action

For economics in property, the legal real property consideration of justice resonates in economics and the economy. Early writers on justice such as Paine (1797)

Making clear the inflation question – what does this mean for planning ‘property’?

Stable prices are a macroeconomic consideration for nations and the places contained within their boundaries. For places, changes in inflation or changes in the prices

Brownfield Development: Some Historical Context, Barriers, and Issues

Brownfield sites can generate negative externality on real estate value, profit, and productivity. The use and development of brownfield sites are perceived to be risky

Financialization in Property and Planning

The contribution of financialization discourse to capital and inequality is particularly interesting to economics in property and planning. Epstein’s (2005) ‘Financialization and The World Economy’

On the Environment and Environmentalism

What is an Environment? The meaning of an environment needs some short attention in order to frame understanding in this space. More broadly the environment

What is Urban? Fundamentals to growing and shrinking cities in a Covid World

There are several conversations going on that consider the growth and decline of cities given their changing function in a Covid world. Such as why

Housing Affordability and Tenure Change – Generation Rent

Housing affordability as a rental tenure issue has become an increasingly debated area. Particularly as it can be argued that there has been an increasing

David Ricardo on Land Rents and Comparative Advantage

To deal with the economic issues of property, the work by David Ricardo (1772 – 1823) provides a dimension on how trade and the relative

Why does the value of money erode? Human Nature, Time, and Discounting

For major project feasibility and decision making, if cost and benefit items have been identified and valued, the net difference of costs and benefits need

The Malthusian Problem of Feeding a Population

Thomas Malthus (1766-1834) was one writer who took concerns of economic growth and population rise as a consequence of the industrial revolution and extrapolated via

Regressing into Regressions – A checklist

The definitions given here are designed to understand the more technical parts of statistical regression analysis. I often find this type of work can help

The Problem with an Economic Valuation of the Environment

The valuation of external costs and benefits will be difficult but necessary if the full cost or benefit to society and the environment is to

The Economics of Choice and Opportunity Cost in Development

Choice is an important element in economic thinking if there are scarce resources and infinite wants. Places that are booming will have to make choices,

Affordable Housing using Direct Regulation and Bonds

The discovery of what specific policy mechanisms can be used to finance affordable housing is extremely helpful. Different ‘types’ of mechanisms are available in the

How do we do international research?: Some Methods in studying ‘Real World’ phenomena

[1500 Words; 8 Minute Read] In this post, we focus on the importance of methods to aid international ‘real world’ research. Natural sciences often place

The Private Finance Initiative (PFI) – Paying for Public Goods with Private Money

[2000 Words; 10 minute Read] The Private Finance Initiative (PFI) is defined as a form of procurement to encourage private investment in public sector projects.

The Open Economy and Sustainable Cities

[1000 Words; 10 Minute Read] In addition to the more localised economic mechanisms that operate in urban areas, the wider open economy will shape how

Financing Affordable Housing – Some Fiscal Approaches used in the United States

[2000 Words; 10 Minute Read] It is important to improve understanding of how cities can be better financed to meet affordable housing challenges over the

Case study research – using case studies by geography

[800 Words; 5 Minute Read] Research methodology often incorporates case studies, and it is important to outline case study epistemological merits and limitations. Firstly, the

Public Private Partnerships (PPP) – A win-win situation?

[1000 Words; 5 Minute Read] A Public Private Partnership (PPP) is a public service or private business venture that is funded and operated through a

The Economics of Water – Cost, Price and Value of a ‘Free’ Natural Resource

[1500 Words; 10 Minute Read] This article looks at ‘environmental resource’ issues in connection with water. We look at ‘externalities’ as the third-party costs and

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Policy Transfer: Why do we see the same ideas and practice around the world? – 5 Key Aspects

[1300 Words; 10 Minute Read]. The post explores what is involved and could be considered when transferring policy from one context to another. At the

Sustainable Urban Development – Connecting Urban and Environmental Economics

[1200 Words; 4 Minute Read] Concern over climate change and a focus to improve and protect natural resources and improve ecological health have been promoted

New Zealand Tenure Changes 1991 to 2016

Given some recent announcements on social (public) housing provision in New Zealand, I have graphed the changes in tenure since 1991 to the start of

Affordable Housing – a Community Reinvestment Solution?

[2000 Words; 15 Minute Read] Policy in affordable housing supply is responding to the challenge of housing markets where unaffordability prevails. Often measured by high

How can you Value the Built and Natural Environment? Cost-Benefit Analysis

[2000 Words; 20 Minute Read] There are forms of market failure due to external costs and benefits that need to be calculated and internalized to

Housing Affordability Determinants

[1100 Words; 4 Minute Read] “Decent, affordable housing is fundamental to the health and well-being of people and to the smooth functioning of economies” (Woetzel

Critical Realism as a Research Philosophy – Enlightened Common Sense?

[1200 Words; 10 Minute Read] In order to frame research within a particular philosophy a critical realist approach can be taken, especially to gain a

Why will Globalisation prevail? The enduring forces and enablers

[1000 Words; 5 Minute Read] In discussing globalisation, the term can be described as the convergence of markets, economies and ways of life across the

Housing Development and Design in Cities

Introduction [3000 Words; 23 Minute Read] The last few decades globally has seen a move away from seeing housing design as part of the development

Brains are for having ideas, not storing them

Building a 2nd Brain and Personal Knowledge Management (PKM) In the new pedagogical landscape, I am looking at the limits of teaching and learning as

Don’t vote! It only encourages them: Party Votes and Turnout by Electorate

In the lead up to the New Zealand 2020 election it is worthwhile having a look at what proportion of people bother to vote. Here

Housing Affordability in the Regions as Trajectory Regressions – If you are into this kind of thing.

I did some work looking housing affordability trajectories in New Zealand’s regions. All very techy, but essentially evidencing how 4 clustered regions have converged in

How to win an Election: New Zealand 2017 Analysis

Here we find some initial analysis that I’ve done looking retrospectively on the 2017 election in New Zealand. Its thrown up some interesting aspects that

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

Playing with QGIS: What were Land Values worth in Auckland 2017?

Fast forward 36 years and we see the land value of sales in Auckland’s districts skyrocket. Auckland city at median land value of $500,000 (previously

Playing with QGIS: What were Land Values worth in Auckland 1981?

In playing around with QGIS for another project I’ve mapped Auckland district median land values as of 1981. Auckland City land values at a mere

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

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

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

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

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

2 Decades of Auckland Median House Prices 2000-2019

Within a current Machine Learning project we start with a baseline look at how house prices have changed over the last 2 decades. Here we

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

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.

Housing affordability – can we put the housing wealth genie back in the bottle?

Editorial for Journal of Property Investment and Finance https://www.emerald.com/insight/content/doi/10.1108/JPIF-02-2020-141/full/html

Housing Tenure Debate Video – ‘The Economist’

Comparative House Price Index

Interesting house price index from The Economist post GFC

Data Visualisation

This data visualisation talk is really good Especially the interesting budget visualisation, demonstrating the enormous relative impact of the GFC

Referencing Techniques

Software to help with referencing is a good way to build up and manage your own dataset of articles. Here are a couple of good

A really useful starting point in understanding the PropTech field is from the consultancy-university report authored by Andrew Baum at Oxford University https://www.sbs.ox.ac.uk/sites/default/files/2018-07/PropTech3.0.pdf

House price affordability, the global financial crisis and the (ir)relevance of mortgage rates

https://doi.org/10.1080/21681376.2019.1643777

Online Survey Methods

When using online survey methods, two useful software products are Qualtrics and Survey Monkey. Basic techniques for analysing the findings are also available in the

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

Technical analysis using NVivo

For quantifying and analysing qualitative data I tend to use NVivo. Here’s a link to the software page: https://www.qsrinternational.com/nvivo/nvivo-products

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

Book Promotion – International Real Estate Development

https://youtu.be/UZnoOuMwupM

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

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