Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tony Alexander's Weekly Overview

Busy. A Summary


This week I have been busy with the annual Japan New Zealand Business Council conference in Auckland plus compiling the monthly BNZ Confidence Survey and getting ready to release the results of the monthly BNZ-REINZ Residential Market Survey tomorrow. So I’ll keep this week’s Overview to the essentials – those being…

• Nothing has come along to change my view that the NZD will remain an elevated currency for a number of years.

• NZ growth will be very well underpinned for the next few years by a construction boom emanating from many sources and Asian growth assisting exports.

• The Reserve Bank’s next monetary policy change will be a tightening in (current best guess) a year’s time but before then I would keep an eye out for an attractive long term fixed rate and lock in a goodly portion of my mortgage.

• House prices will rise, especially in Auckland, because of a shortage of stock (same story there for many years).

• Farmland prices will also rise and the dairy sector continue to expand due to investors seeking exposure to the sector on the back of long term product demand out of Asia.

• The NZ labour market will tighten up rapidly from mid-2013 causing problems for firms without developed access to foreign and ex-pat people.

• The net migration flow for NZ will turn positive in a few months and settle firmly into positive territory for many years on the back of three long term trends of the cycle with Australia turning, UK and European people escaping an expected extended period of woe over there, and rising Asian middle class size boosting numbers shifting here – and on top of that there is the boost from builders coming in to rebuild Christchurch.

• New Zealand’s income per capita growth is constrained not by rules and institutions but our Kiwi-centric couture and poor connectivity with foreign scientists, managers, capitalists, policy-makers, and entrepreneurs.


Click here to read the full Weekly Overview

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news