Migrants are having a relatively small impact on Auckland's rising house prices, a new study says. The Reserve Bank recently told the Government to consider reviewing its immigration settings to stem rising house prices. But the Waikato University study, which draws on existing New Zealand and international research, reinforces the Government's position that migrants are not primarily responsible for high house prices. There are economists almost every day coming out and saying the Government's got to look at the effects of immigration on the Auckland housing market." The fall in New Zealanders leaving the country in recent years has had much bigger impact on rising house prices in Auckland than the rising number of new arrivals, they said.

Source: New Zealand Herald August 10, 2016 05:48 UTC