Tony Alexander

Economic Commentaries

The full pdf version of the Weekly Overview is contained here.

Weekly Overview 2 March 2017

Thursday March 2nd 2017

We start this week’s Overview with a very quick overview of the state of the NZ economy. We then answer the question of how much the economy suffered as a result of the collapse in dairy prices from the start of 2014. After that we address the misplaced argument that Baby Boomers are to blame for high house prices. Those calling this group greedy fail to grasp the long-term factors driving house prices higher which we have highlighted here in fits and starts since 2008. On page five we offer a list of suggestions for living as they did if you want to save a deposit.

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Weekly Overview 23 February 2017

Thursday February 23rd 2017

Statistics New Zealand this week released updated projections of population growth for NZ regions and local authority areas out to 2043. Almost all areas have seen improvements on the back of higher net immigration flows, but still there are 17 areas where population decline is projected. We republish their tables so people looking at the regions and perhaps investing outside the main centres can have realistic views on how much future demand for housing there may be. We also republish tables showing net internal migration flows for each region between the census from 1981 to 2013, noting that although for the past three censuses Auckland has shown net losses, the loss was a lot less between 2006 and 2013 than between 2001 and 2006. Enjoy.

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Weekly Overview 16 February 2017

Thursday February 16th 2017

This week we remind people about the demographic factors which are a key driving force behind the growth in Auckland including things such as Auckland having the youngest population of all NZ regions, and the median age falling half a year between 2014 and 2016. Aging population? Not yet in our biggest city. We also do a recap of the factors which allowed New Zealand to undertake vital reforms from 1984-92 in fits and starts but which don’t exist elsewhere.

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Weekly Overview 9 February 2017

Thursday February 9th 2017

In this week’s Overview we take a look at the main factors which determine the level of activity in the residential real estate market. This will be highly relevant to folk like real estate agents, mortgage brokers, bankers, conveyancing lawyers and moving companies.


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Weekly Overview 2 February 2017

Thursday February 2nd 2017

The mainstream media focus is overwhelmingly on those immediately affected by the executive orders being signed by the new US President. Focussing on highly emotive issues risks blinding people to the likely economic impact of policies so far beginning to be addressed and those yet to come. Stripping away the emotions revealed by those opposing President Trump and hidden by the 63 million Americans who voted for him, this week we take a look at how his policies are likely to affect the US economy and our own over time.


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Weekly Overview 26 January 2017

Thursday January 26th 2017

Welcome to the first Weekly Overview for 2017. Like everyone else is doing currently we take a look at what is happening in the United States and postulate the relevance for ourselves. We also look at factors underpinning the Kiwi dollar which has risen four cents since the start of the year.

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Weekly Overview 15 December 2016

Thursday December 15th 2016

Welcome to the last Weekly Overview for 2016. The first for 2017 will appear in late-January. Merry Christmas.

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Weekly Overview 8 December 2016

Thursday December 8th 2016

The Overview is short at just three pages this week as we head into the Christmas break. We mention the good fiscal numbers announced by NZ Treasury this afternoon then note the easing in the Auckland housing market revealed by monthly Barfoot and Thompson data. Nothing much new really with no obvious implications of the change in Prime Minister..

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Weekly Overview 1 December 2016

Thursday December 1st 2016

Rather than comment on data this week we have a run-through of some of the bigger points and explanations of trends which we have focussed on in recent times. Enjoy.

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Weekly Overview 24 November 2016

Thursday November 24th 2016

This week, apart from doing what everyone else is doing at the moment – guessing at what the US election outcome means – we give some reminders on our housing view and take a look at banking sector dependency in NZ on the savings of foreigners (page 4).

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