Rate cut expectations
Source: nzherald.co.nz ASB chief economist Nick Tuffley says population growth in New Zealand accounts for much of our current economic growth (such as it is) - which is perhaps why the government is not keen to cut migrant numbers and take the pressure off the demand for housing. Around 5000 people settle in New Zealand every month, with many spending money on housing, furnishings, clothes and cars. Tourism is masking the downturn in dairy income. But it is the push for economic growth...
Wed 17th Feb 2016Full post
Spirit of New Zealand inspires Southland kids
Source: stuff.co.nz Southland parents exasperated at the behaviour of their wayward teens could do worse than banish them to the high seas for 10 days. The youngsters tasks will include mingling with strangers, doing cleaning work and learning to sail. They won't be allowed to use their cellphones, but it is highly likely they will have fun, and the trip may just snap them into a better frame of mind. As a bonus, the teens 10 days aboard the Spirit of New Zealand sailing ship might not...
Mon 15th Feb 2016Full post
Property prices in New Zealand outside of Auckland reach new record
Source: Propertywire.com Property prices and sales in New Zealand increased in December with median home values, excluding Auckland, reaching a new record. Sales were up 3.5% year on year but fell 9.1% compared with November, according to the latest index from the Real Estate Institute of New Zealand. The median prices of a home nationwide increased by 1.2% month on month and 3.3% year on year to $465,000, a rise of $15,000. Excluding Auckland the rise was 8%, taking the median to...
Tue 26th Jan 2016Full post