This scoping study examines the relationship between New Zealand’s monetary policy and the residential housing market, and the implications of monetary policy on that market over time.
Purpose
The aim of this paper is to scope the relevant policy issues, evidence-based research, and other relevant data sources on the relationship between New Zealand’s monetary policy and the residential housing market, and the implications of monetary policy on that market over time. For the purposes of this paper, the scope title is shortened to “the monetary policy and residential housing market interface”.
The Research Aim, as commissioned by the Centre for Housing Research Aotearoa New Zealand (CHRANZ), is that:
“Based on the results of this examination, the scoping paper will identify the key factors arising in this area and recommended next steps towards further investigation of these factors.”