Between 2002 and 2005, house prices in Nelson, Tasman and Marlborough rose sharply; rents also rose, but to a lesser degree. This paper considers how these price and rent rises are a response to imbalances within the housing markets in these regions. We also analyse the role of other adjustment mechanisms in correcting these imbalances.
Grimes, Arthur and Andrew Aitken. 2006. "How Does Nelson, Tasman and Marlborough Housing Adjust?" Centre for Housing Research Aotearoa New Zealand, Department of Building and Housing, Housing New Zealand Corporation, Wellington.