Housing Insights: Canterbury’s Housing Supply Crusade a Recipe for Auckland’s Blues?

  • House price inflation in Canterbury has tracked below most other regions over the past 10 years. Houses in Canterbury are consequently much more affordable than elsewhere.
  • We perform an Auckland vs. Canterbury case study to investigate why this might be the case.
  • With demand conditions similar, we find Canterbury’s strong supply response to be the most likely driver.

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Nick Tuffley

ASB Chief Economist

Since starting out in 1997 as an economist, it's fair to say Nick has seen a few hair-raising moments over the years, including the Asian Financial Crisis and the Global Financial Crisis.

One of Nick's strengths is his ability to communicate complex ideas in a readily understandable and entertaining way.  He thrives on helping people understand the economic environment to help enrich the quality of their business or personal life. He’s proud to lead a team that has won two Forecast Accuracy Awards from Consensus Economics, and has a strong track record with their Official Cash Rate and dairy price forecasts. 

Nick grew up in Christchurch and graduated with a Master of Commerce degree from the University of Canterbury.  He learned his economic ropes at the Reserve Bank of New Zealand before a long stint as a Senior Economist at Westpac, and joined ASB as Chief Economist in 2007.