Links 2 December 2020

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…and furthermore…

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  1. AUSTRALIA AND NEW ZEALAND … THE DRAMATICALLY EXPANDING HOUSING AFFORDABILITY GAP … IN AUSTRALIA’S FAVOUR

    The below clearly illustrates why 2021 is shaping up to be New Zealand Prime Minister Jacinda Ardern’s ‘Year From Housing Hell’ …

    … as the ‘affordability gap’ with Australia widens dramatically ( research from this year’s Demographia International Housing Affordability Survey http://www.demographia.com/db-dhi-index.htm … 17th Annual Edition release Monday 25 January 2021 ) …

    … and young aspirational Kiwis flee to Australia … again …

    They wont hang around while she turns New Zealand in to ‘Fiji With Snow’.

    It is a pity her government failed to deal with the structural impediments to the provision of new affordable housing out of the 2017 election … as promised …

    Mid Nov REINZ release on the month of October 2020 … as New Zealand launces in to enormously destructive housing hyperinflation …

    AUCKLAND MEDIAN HOUSE PRICE HITS $1M MARK IN OCTOBER; 9 OTHER REGIONS & 28 DISTRICTS HIT RECORD MEDIAN PRICES … REINZ

    https://www.reinz.co.nz/residential-property-data-gallery

    House prices rise nationally in November, with further gains expected for 2021, says CoreLogic … ABC (Australian Broadcasting Corporation

    https://www.abc.net.au/news/2020-12-01/corelogic-national-house-prices-rise-november/12937426

    … extract …

    … The construction sector is also seeing strong activity. Data released by the Australian Bureau of Statistics (ABS) showed building approvals rose for the fourth consecutive month in October.

    The total number of dwellings approved rose 3.8 per cent in October (in seasonally adjusted terms) — the highest recorded level since February 2000. … read more via hyperlink above …

    • NEW ZEALAND HOUSING FIASCO … BAILING OUT OF AUCKLAND ? …

      We may be looking at the beginning of the end of the current housing boom, Realestate.co.nz figures suggest … Greg Ninness … Interest Co NZ

      https://www.interest.co.nz/property/108206/we-may-be-looking-beginning-end-current-housing-boom

      Auckland’s housing market may be close to peaking and could start to cool next year.

      The latest figures from property website Realestate.co.nz suggest the Auckland market is on a different course compared to the rest of the country. …

      … However the Auckland figures paint a different picture.
      Realestate.co.nz received 5195 new Auckland listings in November, up a whopping 45.9% compared to November last year.

      That was the highest number of of new listings for Auckland in the month of November since 2007, and the highest of any month of the year since March 2008.

      And it was not just a monthly aberration. … read more via hyperlink above …

      • Auckland!
        Now there’s City that knows what it’s doing.
        I raised Council Rates again yesterday, by another 5%, after the 3,5% announced earlier in the years.
        What for? “To Battle the Covid Fallout” is the official reason.
        But hang about! What about this little-reported item?

        Auckland Council loses $1.4 billion in interest rate bet….The Auckland Council is sitting on $10 billion in debt, an increase in $1.3 billion from 2019, and that does not include the provision for the interest rate hedging

        https://www.stuff.co.nz/opinion/300163379/auckland-council-has-become-a-bloated-debtladen-monster
        What a bunch of economic geniuses we have to run this country; lead by the Failed Smiler in Chief – Jacinda Ardern.

    • Raw speculation is like that …. then some forget Dot.com ….

      PS Hayek would like a word with you ….

  2. Ref: Sean Hannity …

    Best place to watch the raw prawns on the hard right issue toads from their mouths … boated toad in suit popped off just before commercial break with high emotional state … ***everyone*** [tm] knows that poverty is a mental disorder …. croak …

    Even caught old Sean off guard … bit of a natural smirk and giggle until he composed himself and uttered now now old sod were in polite company E.g. shush we don’t say such truths in front of Tvee viewers … that’s for down at the mens club …

    • Just like Tucker Carlson, whose (successful) recent legal defense was, basically, “you shouldn’t trust anything I say”.

      • He used the “defund the police” defence.
        You can say defund the police but it actually can mean anything from no real change, to redeployment of resources to actual defunding of the police. Tucker, like defund the police, can mean whatever he wants to mean.

  3. truthisfashionable

    “Advantage/desirable: Cultural competency and awareness of international audience – Department works with international students from many backgrounds”
    “Supporting the delivery of a Temporary Student Accomodation Scheme”
    https://www.seek.com.au/job/51059953
    Sounds like the flood gates are ready to open in NSW.