and household estimates and demographic drivers of residential projections demand Visitor guest nights (domestic and To supplement population data for international), by region areas with high visitor populations (commercial accommodation) Permanent and long-term To supplement the population migration estimates that are produced between Censuses Number of building consents for Additional information on the new dwellings, by floor area composition of new supply, to help assess the extent to which it is keeping pace with demand for different sizes of dwellings Number of resource consents Additional information on residential processed, by district and region supply response Number of eligible applicants for Additional information on the social housing, by household composition of demand for dwellings composition, ethnicity, age, (new demand for social housing) – number of bedrooms, district register shows eligible applicants for social housing Ratio of housing costs to income; Additional information on the See Covec and MR Cagney (2016), or residual income after housing affordability of housing, from the chapter 7 for details costs perspective of home owners and renters Household overcrowding index Additional information on the extent to which supply is keeping pace with demand Note: a detailed report has been produced for Auckland but this index has not been updated for other regions for the 2013 Census results Other data sources (may incur costs) Dwelling sale prices per square Construction costs vary between Can be derived from data on size of metre of dwelling building types; this measure provides dwellings sold and sale prices or a standardised measure of prices and may provide a better indication of underlying price trends Days that a property takes to sell, Additional measures used by real inventories of unsold houses, estate agents that provide indications listings of the liquidity of the residential market CoreLogic’s Buyer classification Additional information on composition of demand, as disaggregates dwelling sales by first home buyers, existing owner movers and investors, and location of where the investor is based/mover is from Office rents, vacancy rates, and Additional measures published by office space per worker real estate companies to track office, retail, and industrial property trends. Retail rents and vacancy rates Publicly available reports often Industrial land prices, rents, and provide information on trends and
and household estimates and projections demographic drivers of residential demand Visitor guest nights (domestic and international), by region (commercial accommodation) To supplement population data for areas with high visitor populations Permanent and long-term migration To supplement the population estimates that are produced between Censuses Number of building consents for new dwellings, by floor area Additional information on the composition of new supply, to help assess the extent to which it is keeping pace with demand for different sizes of dwellings Number of resource consents processed, by district and region Additional information on residential supply response Number of eligible applicants for social housing, by household composition, ethnicity, age, number of bedrooms, district Additional information on the composition of demand for dwellings (new demand for social housing) – register shows eligible applicants for social housing Ratio of housing costs to income; or residual income after housing costs Additional information on the affordability of housing, from the perspective of home owners and renters See Covec and MR Cagney (2016), chapter 7 for details Household overcrowding index Additional information on the extent to which supply is keeping pace with demand Note: a detailed report has been produced for Auckland but this index has not been updated for other regions for the 2013 Census results Other data sources (may incur costs) Dwelling sale prices per square metre of dwelling Construction costs vary between building types; this measure provides a standardised measure of prices and may provide a better indication of underlying price trends Can be derived from data on size of dwellings sold and sale prices or Days that a property takes to sell, inventories of unsold houses, listings Additional measures used by real estate agents that provide indications of the liquidity of the residential market CoreLogic’s Buyer classification Additional information on composition of demand, as disaggregates dwelling sales by first home buyers, existing owner movers and investors, and location of where the investor is based/mover is from Office rents, vacancy rates, and office space per worker Retail rents and vacancy rates Industrial land prices, rents, and Additional measures published by real estate companies to track office, retail, and industrial property trends. Publicly available reports often provide information on trends and
FINAL-NPS-UDC%20evidence%20and%20monitoring%20guide%208%20December%202017.docx