New Zealand Economy

Jacinda Ardern’s Labor Government has tasked the New Zealand Productivity Commission (PC) tom undertake a system-wide review of the nation’s immigration program, focusing on the “impact of immigration on the labour market, housing and associated infrastructure, and the natural environment”.

As Australia’s relationship with China has shifted to a more realistic footing in the past twelve months, New Zealand has been practising a very studied strategic ambiguity.

Late last year, the Reserve Bank of New Zealand (REINZ) announced plans to increase tier one capital requirements for all systematically important banks to 16% of risk weighted assets, up from 13.5%.

New Zealand’s Ardern Labour Government yesterday announced sweeping property tax reforms targeted at investors, namely: extending the term of the Bright Line Test for taxing capital gains on investment property from five years to 10 years; and fully removing the tax deductibility of mortgage interest payments on residential investment properties.

The New Zealand Government has taken direct aim at property investors, extending the term of the Bright Line Test for taxing capital gains on housing and fully removing the tax deductibility of mortgage interest payments on residential investment properties.

The one-again, off-again Trans-Tasman Travel Bubble is on again, with officials from both New Zealand and Australia hinting that it could be in place by mid-April, thus allowing unrestricted two-way travel between both nations.

The Reserve Bank of New Zealand (RBNZ) released data yesterday showing that new mortgage commitments hit their highest level on record in January driven by strong growth in both owner-occupiers and investors.

You know New Zealand housing is deranged when there is talk of Kiwis escaping to Australia for affordable housing.

New Zealand Prime Minister Jacinda Ardern’s promise to ‘fix’ housing affordability has taken another hit with the nation’s median house price rising another $50,000 in February, with Auckland’s surging by $100,000, according to the Real Estate Institute of New Zealand (REINZ).

CoreLogic has released its New Zealand dwelling value results for February, which shows that price momentum continued to gather steam.

A month is certainly a long-time in the age of COVID. In late-January, New Zealand was ranked as the world’s best COVID manager by think tank, the Lowy Institute, beating out Vietnam (2nd), Taiwan (3rd), Thailand (4th) and Cyprus (5th).

The Trans-Tasman Travel bubble, which promised to allow unrestricted two-way travel between Australia and New Zealand, has been dealt a fatal blow with Queensland, New South Wales and Victoria each imposing new restrictions on Auckland arrivals following new community virus transmissions across the city.

Jacinda Ardern’s 2017 election promise to fix New Zealand’s housing affordability crisis has been put to the sword by the Reserve Bank of New Zealand (RBNZ), which has tipped 22% house price inflation in its latest Statement on Monetary Policy, which was released yesterday.

New evidence has arisen suggesting that the Reserve Bank of New Zealand (RBNZ) has played a direct role in inflating New Zealand’s housing market, which is experiencing its strongest price growth since 2004.

It seems like an obvious and non-controversial statement: in developed nations with low birth rates, immigration is the key driver of household formation and structural housing demand.

New Zealand Prime Minister Jacinda Ardern’s 2017 election promise to ‘fix’ the nation’s housing affordability crisis has taken another hit, with investors increasingly crowding-out first home buyers (FHB).