More people per household: what does it mean for construction trends?

The number of people per household has generally increased since 2008, despite the aging population and shrinking family sizes suggesting that it should be falling, it has increased throughout most of the last eight years.  But the rising occupancy rate might not be that remarkable when we consider economic and property market conditions.  The Global Financial Crisis dented people’s wealth and incomes as asset prices fell sharply and unemployment rose.  And even with the New Zealand economy performing well over the last four years, soaring property prices have meant that housing costs have outpaced income growth. Resulting affordability problems have meant that young people are staying with their parents for longer, people are taking on boarders or flatmates to help pay the mortgage, or people are living in multi-family households.

Profiles provide valuable information about our communities

Whether you’re personally interested in a particular area, want to identify community needs, have to develop a long-term strategic plan, or allocating financial resources to where they are needed most, robust knowledge of the demographic characteristics of a community can help you build a better picture of your district or region. Infometrics interactive web-based Community Profiles are the tool you need.

Slower population growth than we thought

When Statistics NZ announced that NewZealand’s usually resident population at the 2013 census was just 4,242,048, wewere rather surprised.  The result was almost 222,000 people, or 5.0% short, ofthe population previously estimated for March 2013.  Taken in tandem with newfigures on the number of dwellings around the country, the result potentiallyhas some significant implications for occupancy and vacancy rates in differentregions.  It also raises questions about how big the apparent undersupply ofhousing in Auckland might actually be.

There’s no place like home

Many of us have elderly relatives and friends whom we call in on regularly at home to offer help and companionship. Not only do these visits signal our love to those we care about, but they can be a crucial factor in allowing the elderly to remain in their own home. With supplementary home-based support services costing far less than rest home subsidies, this informal support also helps balance the Government’s books. In fact, home-based care is so cost-effective that an elderly person is likely to be forced into long-term residential care for clinical reasons, long before the move becomes the most economic option.

Paying for that inheritance

There is no question of a doubt that a dignified level of care must be provided to the elderly, whatever the cost, however it is unreasonable that the public sector should bear the cost for those that can afford to do so themselves. At present single people and couples with both partners in care can keep $210,000 in assets before their assets are used to contribute to the cost of the care (this threshold is increased by $10,000 each year).