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

 


BNZ Weekly Overview: Migration could be about to boom...

Migration could be about to boom, that means higher house prices, hence a special look at housing in my Youtube video this week..



Welcome to the May 23 Weekly Overview.
A full pdf copy of the Weekly Overview is loaded here.

In my Youtube clip this week I take a special look at housing – hence the longer than usual running time. Here. 7.51 minutes

New subscribers can be added to the emailing list here.

Lead Article – Who You Gonna Hire?
Once the Christchurch rebuild gets going and Auckland house building rises off the floor, NZ’s unemployment rate could go back to the 3.5% of 2007. Do you realise you’ll need to learn how to effectively utilise expats and migrants, and have you considered hiring the many older people who these days have no intention of going into that quiet golf-resplendent night?
1,043 words

Some of the Week’s Economic Data
Oh my oh my. Annualised net migration inflows are running now near 15,000. Previous migration peaks have been 30,000, 42,000 and 23,000. We know what this means for house prices first in Auckland then elsewhere. This is my fifth housing cycle and I’ll take a punt here to say that based on the previous two, Auckland inner city apartments are about to spike. 575 words

Interest Rates
Rates have risen a wee bit further this week on the back of US ten year bond yields rising to a 13 month high above 2%. As speculation about the Fed tapering its asset buying programme grows, rates will tend to rise further. 146 words

NZ Housing Market
Residential construction costs have risen by 3.1% in the past year but house building is still well below average. Imagine what will happen when construction doubles! 220 words.

Offshore
This week I take a very quick look at each of the major parts of the world. 433 words.

Exchange Rates
The NZD has fallen again against the greenback but remains strong on the crosses as the main thing moving out there is a rising USD driven up by speculation of the Fed. soon tapering off its money printing operations. That is a hard thing to pick however so expect high currency volatility.
581 words
Some things are best kept private - introduction to BNZ Private Bank
If you would like to speak with one of our Private Bankers to review your personal situation, feel free to contact us for a discreet obligation free discussion on 0800 477 077 or email us at privatebank@bnz.co.nz. To find out more about BNZ Private Bank, please visit www.bnzprivatebank.co.nz
Tony Alexander produces six regular publications.
The monthly Growing With China issues are here.
The monthly Brain Gain NZ can be located here.
The Weekly Overviews are loaded here.
The monthly BNZ-REINZ Residential Market Surveys are posted here.
The monthly BNZ Confidence Surveys are available here.
The monthly BNZ-Nine Rewards Consumer Trends Survey is here.

Other recent publications include the following.
The Cyprus Haircut
Sources of Western Apprehension About China
Expat Experiences of NZ Hiring
Advice from NZ employers to expats and migrants
19 Reasons Why Auckland House Prices Will Keep Rising. Page 5 of
Massey University Symposium Handout on Housing Affordability
Kiwi Business Locus of Control at a Distance

All the best

Tony Alexander
Chief Economist
www.tonyalexander.co.nz
LinkedIn Profile
TonyLinkedIn


Any views expressed in this publication are the views of Tony Alexander and do not necessarily represent those of BNZ, or its related entities. The information in this publication is provided for general information purposes only, and is a summary based on selective information which may not be complete for your purpose. To the extent that any information or recommendations in this publication constitute financial advice, they do not take into account any person's particular financial situation or goals. Bank of New Zealand recommends that you seek advice specific to your circumstances from your financial adviser. Neither Bank of New Zealand nor any person involved in this publication accepts any liability for any loss or damage whatsoever may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in this publication.


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news