Do you think that a shift in demographic preferences from certain locations in NZ to other locations in NZ is sufficient to explain why - while the overall prop

Do you think that a shift in demographic preferences from certain locations in NZ to other locations in NZ is sufficient to explain why - while the overall proportion of dwellings to people was steady - prices rose 250% in 10 years? Are you sure finance wasn't the main cause? sources: https://www.oecd.org/els/family/HM1-1-Housing-stock-and-construction.pdf https://www.oecd.org/els/family/HM1-1-Housing-stock-and-cons... https://www.globalpropertyguide.com/pacific/new-zealand/home-price-trends https://www.globalpropertyguide.com/pacific/new-zealand/home... Edit: Also compare what happened to the money supply over the same period: 2011(NZD180 billion) to 2022(NZD400 billion). https://tradingeconomics.com/new-zealand/money-supply-m3 https://tradingeconomics.com/new-zealand/money-supply-m3