The housing and mortgage market in Christchurch experienced significant changes since the 2011 earthquake, especially after the reconstruction of the city. The increasing speed of Christchurch average house price exceed the average house price of the whole country, as well as the number of new dwellings. By this regard, this study surveyed the households in Christchurch to analyze the effect of the earthquake on housing and mortgage market. This includes factors such as housing price, interest rate, government policy and socioeconomic factors in terms of age, gender, educational attainment, income, marital status and family life cycle.
Logistic regression model is used to analyze the data. The study provides an overview of the housing market and mortgage market in Christchurch. The logistic regression, results show changes on sensitivity between the socio-economic factors and house purchase, as well as mortgage borrowing pre- and post-earthquake. The result indicates that the earthquake in Christchurch has affected households’ decision on house purchase and mortgage borrowing.
ANDREW LITTLE to the Prime Minister: Does he have confidence in the Minister for Building and Housing given the falling rate of homeownership, especially among young people?
RON MARK to the Prime Minister: Does he stand by all his statements?
MATT DOOCEY to the Minister of Finance: Does he stand by his statement that “There are more jobs, and people are being better paid”; if so, why?
Dr MEGAN WOODS to the Minister supporting Greater Christchurch Regeneration: Does he agree with the Prime Minister, who said with regard to the Canterbury earthquakes, “on behalf of the Government, let me be clear that no one will be left to walk this journey alone”; if so, does he think all relevant information prepared by his Government has been made available to Cantabrians to assist them in navigating post-earthquake decisions?
METIRIA TUREI to the Prime Minister: Ka tū a ia i runga i te mana o āna kaupapa here Kāwanatanga katoa, nē?
Translation: Does he stand by all his Government’s policies?
Dr JIAN YANG to the Minister of Education: What recent announcements has she made about expanding 21st century learning options for parents and whanau?
CHRIS HIPKINS to the Minister of Education: How will her Communities of Online Learning (CoOL) proposal differ from online charter schools in the United States, given a study partially funded by a private pro-charter foundation found students attending those schools lost an average of about 72 days of learning in reading, and 180 days of learning in maths during the course of a 180-day school year?
CATHERINE DELAHUNTY to the Minister for the Environment: Will he commit to a regulatory regime that includes swimmable rivers in light of the comment from a Havelock North café owner who said that, “we’d trade all the compensation in the world if it would spur the Government into tidying up or cleaning up the waterways”?
IAIN LEES-GALLOWAY to the Minister of Immigration: How many of the 209,000 work visas issued last year were for occupations on one of the Essential Skills in Demand lists?
JONO NAYLOR to the Minister of Police: What is the Police doing to assist potential victims of family violence?
STUART NASH to the Minister of Police: Does she believe that the Police have enough resources to implement their part of the Prime Minister’s 2009 promise to use the full force of the Government’s arsenal to “confront the P problem” given that P is cheaper, and as easy as it was to get in 2008?
PAUL FOSTER-BELL to the Minister for Primary Industries: What recent reports has he received on growth in wine exports?
