We will have to wait a while but won't demographics eventually fix the housing crisis?
We have a very top-heavy population pyramid. NZ had the largest baby boom in the western world with respect to family size.
And the fastest growing household type is single.
I assume this reflects more widows/widowers, family breakdown and fewer people ever partnering.
The second two trends will probably continue but as they do, more people are going to die (as a % of the population).
Fertility is trending down quite rapidly.
More deaths and fewer births will eventually solve the housing crisis.
Many of those retirement villages will be repurposed and more rental properties should be come available as inheritors become inadvertant landlords.
I haven't however factored in immigration which could utterly negate my theory.
My guess is NZ will continue to attract and encourage high levels of foreign-born incomers because we want and need them.
So I have probably just written a pointless post.
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