Auckland could be on the verge of another housing crisis as the recent surge of immigration-driven population growth outstrips the supply of new homes being built in the region. In the following 12 months from June 2021 to June 2022 that trend was even more dramatic. However that situation reversed completely over the the following 12 months as the government reopened the immigration floodgates, largely in response to employers' calls for more overseas labour. Those trends meant that over the 12 months to June this year, Auckland's population increased by 47,000 people, requiring an additional 15,667 homes. That suggests the Auckland housing market is at a turning point where immigration-driven demand starts to outstrip supply, which could see a return of the housing shortages that plagued the region prior to 2020.

Source: New Zealand Herald October 26, 2023 10:37 UTC