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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news