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Who is buying Auckland houses?


Who is buying Auckland houses?


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Thankfully with plenty of work involved in preparing and distributing Brain Gain NZ this Monday and getting ready for next Monday’s first Growing With China for the year, data releases in NZ have been thin on the ground.

This week’s lead article is here, discussing how in just over three weeks I’ll be able to tell you what proportion of house sales in NZ by region are to people offshore, delineated by main country – China, UK, Australia etc.

http://tonyalexander.co.nz/regular-publications/bnz-weekly-overview/weekly-overview-lead-article/good-housing-info-next-month/

This week’s comments on interest rates are here. We describe how the RB is going to have a big problem raising interest rates when the NZ dollar is already so high – and history shows it rises when NZ monetary policy is being tightened.

http://tonyalexander.co.nz/regular-publications/bnz-weekly-overview/interest-rates/the-rbs-problem-with-interest-rates/

With regard to the housing market, here are some reasons why the Reserve Bank is very unlikely to impose minimum deposit ratios on banks. Basically they would favour cashed up offshore buyers and shut first home buyers out of the market even more than they currently are.

http://tonyalexander.co.nz/regular-publications/bnz-weekly-overview/housing-market/rb-unlikely-to-impose-minimum-deposit-rules/

Next Monday I shall also release a paper entitled ‘Sources of Western Apprehension About China” listing 55 reasons why people in the West are wary of the planet’s new economic powerhouse and recovering civilisation.

Back issues of Growing With China are here and this is where the paper noted above will also be posted.

http://tonyalexander.co.nz/topics/china/

You can find Brain Gain NZ here. http://tonyalexander.co.nz/topics/brain-gain-nz/
ends

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Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

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Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

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Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

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Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

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Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

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'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

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Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

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Efficiency: Businesses And Households To Save From New Energy Plans

Minister of Energy and Resources Simon Bridges today announced three energy efficiency initiatives to improve business productivity, save money and reduce carbon emissions. More>>

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