1-minute read The Reserve Bank has indicated it expects to keep the OCR on hold until mid-2021, given the balance of risks it sees around the growth outlook. … [Click to read more]
The Official Cash Rate (OCR) to Be Kept on Hold Until 2020
Does NZ Really Have a Housing Shortage? (Updated Migration Rates)
2-minute read In the last newsletter, I mentioned the updated method of counting migration by Stats NZ. The net number (inbound migration less outflows) went down by roughly 30% to 43,400. … [Click to read more]
Misleading Stat: Near-Record Number of Home Consents (a 44-year High)
2-minute read New dwelling consents are now at the highest level since 1975, but economists say that it’s likely they have reached their peak. A total of 33,576 new dwellings were consented nationwide in the year ending January 2019, according to … [Click to read more]
My Highlights of REINZ February 2019 Report
1-minute read Auckland attracts nearly 50% of new immigrants, and it is the engine of the NZ economy. Also, I happen to live there. … [Click to read more]
Why NZ Will Not Fulfill the Property Demand (370,000 Houses Needed)
NZ Population Will Reach 5 Million in 2019 (The Fastest Growth Ever!) In 1908 the country had just 1 million people living here. It took 44 years to reach 2 million (1952), 21 years (so fast due to the baby boom) from 2 million to 3 million (1973), … [Click to read more]
