I’ve been writing a weekly column for NZ regional newspapers since 1998. Columns produced since the start of 2011 are included on this page.
April 27th 2011
Wednesday April 27th 2011
Our first Real Estate Overview. We examine the most up to date data on the real estate market and look at the factors which influence where activity goes. We conclude that although for the moment low consumer confidence, a weak labour market and a desire to save are restraining turnover, activity will improve as the […]
We have started a new monthly survey of the residential real estate market and here are some of the key results.
Monday April 25th 2011
Each month the REINZ release data showing the number of dwelling sales down to the suburb level, median sale prices, and average number of days to sell. The data are very useful because they are relatively up to date and while not always an accurate measure of price movements over short time periods do give […]
Our first real estate survey reveals increasing numbers of investors and first home buyers, rising auction clearance rates, more vendors seeking appraisals, but still a big gap between vendor and buyer price expectations. Auckland City and North Shore City however show rising price pressures.
NZ’s labour market is tightening up and employers and employees will see some big changes over the next two years.
Monday April 18th 2011
Labour Market Tightening Up – Slowly For Now One of the more interesting things happening in the economy at the moment is that in spite of economic growth averaging 0% a quarter for perhaps four quarters now the labour market has continued to tighten up. We can see that most easily when we look at […]
Job advertising continues to rise strongly and in spite of weak business sentiment and a flat economy the labour market has continued to tighten up. For employers the need to consider more active recruitment is rising as from late this year we anticipate a rapid tightning in the NZ labour market, especially in construction, forestry, […]
In this paper we note that while in terms of GDP per capita we are struggling versus other OECD countries, when one looks at real disposable income per capita we are improving. This is because this latter measure takes into account our soaring terms of trade.
This fourth comparisons paper in our series examining areas which international studies suggest we are lagging behind covers the Legatum Prosperity Index, Doing Business 2011, the Economic Freedom Index, and the OECD FDI Restrictiveness Index.
Business confidence has rebounded now that six weeks have passed since the Christchurch earthquake.
Monday April 11th 2011
Recently released surveys have shown declines in both business and consumer confidence about the economy following the February 22 earthquake in Christchurch. Our BNZ Confidence Survey released on March 7 was the first gauge of this fall, and our survey for April released on April 11th is the first to show that this collapse in […]