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

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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