* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Rental inflation driven by wage inflation and relative supply and demand of houses

August 8, 2023
in Business
Rental inflation driven by wage inflation and relative supply and demand of houses
Share on FacebookShare on Twitter

Navigation for News Categories

Christchurch based housing

The study covered the period from the final quarter of 2003 to the second quarter of 2022.
Photo: RNZ / Nate McKinnon

Wage inflation and relative supply and demand of houses are the main drivers of rental inflation in New Zealand, according to new research.

The report was released by the Housing Technical Working Group, a joint initiative by the Ministry of Housing and Urban Development, the Reserve Bank and the Treasury.

The study covered the period from the final quarter of 2003 to the second quarter of 2022, and found a 1 percent increase in income translated to a 1 percent increase in rents.

It also found a 1 percent increase in the average number of people in each home, which was an indicator of relative supply and demand, directly led to a 1.5 percent increase in rents, the report said.

However, Treasury chief economist Dominick Stephens said what was surprising was the little impact mortgage rates had on rents.

“We often hear people say things like – this interest rate change, or this tax change, or inflation will get passed through into rents,” he said.

“But actually, we’ve found very little evidence of that type of pass through to rents in this research.”

He said it was consistent with the Housing Technical Working Group’s previous research.

“[The previous research] found that if land is relatively restricted in supply, like it is in New Zealand, then financial changes like changes in interest rates or taxes will tend to get wrapped up in land prices rather than affecting rents so much,” Stephens said.

“What this really means is that the key driver of rents, the most important thing for bringing rents relative to incomes down in New Zealand, is the supply of dwellings, so building more houses.”

If a shortage of dwellings affected the housing market then it should be visible in rents as well as house prices “in roughly equal measure”, he said.

The research also found that during the study period, rents increased broadly in line with wages, but faster than inflation.

New tenancy rents increased by 83 percent, while average hourly earnings rose 87 percent.

In the same time period, consumer prices rose 54 percent, and house prices rose 267 percent.

Get the RNZ app

for ad-free news and current affairs

Download from Apple App Store
Download from Google Play Store

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : RNZ – https://www.rnz.co.nz/news/business/495348/rental-inflation-driven-by-wage-inflation-and-relative-supply-and-demand-of-houses-report

Tags: businessInflationRental
Previous Post

Businesses tipped to save $105m annually due to reduction in payment fees

Next Post

YouTube Celebrates 50 Years of Hip-Hop with ‘FIFTY DEEP’ Campaign

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

July 11, 2025
The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

July 11, 2025
A Lean World Health Organization for the Global Good – Center for Global Development

Transforming the World Health Organization for Greater Global Impact

July 11, 2025
I upgraded to premium economy for a 13-hour flight on a budget airline. It lacked some perks, but it was still worth the price. – Business Insider

I Upgraded to Premium Economy on a 13-Hour Budget Airline Flight – Here’s What It Was Really Like

July 11, 2025

Givēon’s Soul-Stirring Old-School R&B Heartbreak

July 11, 2025
Blanchard Valley Health System Announces Changes to the Board of Trustees – Bluffton Icon

Blanchard Valley Health System Announces Exciting Updates to Board of Trustees

July 11, 2025
IRS clears way for churches to endorse political candidates – Fox Business

IRS clears way for churches to endorse political candidates – Fox Business

July 11, 2025
Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

July 11, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (716)
  • Economy (739)
  • Entertainment (21,626)
  • General (15,836)
  • Health (9,776)
  • Lifestyle (746)
  • News (22,149)
  • People (741)
  • Politics (749)
  • Science (15,957)
  • Sports (21,237)
  • Technology (15,724)
  • World (722)

Recent News

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version