New Zealand Economy

In the lead-up to the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here.

Statistics New Zealand has released its labour force data for the September quarter, with the unemployment rate rising 0.3% to 4.1% from last quarter’s 11-year low of 3.9%.

In the lead-up to the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here.

In the lead-up to the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here.

Much like Australia, New Zealand purports to run a ‘skills-based’ visa system that plugs critical skills shortages across the nation.

In the lead-up to the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by around a third in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here.

The OECD’s annual review of migration trends has revealed that Australia and New Zealand have the largest temporary migrant workforces in the world, which is raising competition for lower-income workers and suppressing wages: Australia had almost 750,000 permits for temporary migrants on issue in 2017, second in total number only to the US.

Statistics New Zealand has released national accounts figures for the June quarter of 2019, with Gross domestic product (GDP) rising by 0.5% over the quarter.

It never ceases to amaze how our dishonest governments pull the wool over voters’ eyes on immigration.

The REINZ has released its house price data for July, which revealed a 0.6% increase in values over the month, with values nationally also increasing by 5.4% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 2.2% in July, with prices up 6.5% year-on-year.

Earlier this year, Housing Minister Phil Twyford backslid on the Government’s ‘KiwiBuild’ program to build 100,000 public houses, delaying the start date and changing the policy from “build” to “facilitate” the “delivery of 100,000 affordable dwellings”, as well as changing the definition of “affordable”.

Statistics New Zealand has released its labour force data for the June quarter, with the unemployment rate falling 0.3% to an 11-year low of 3.9%.

In August last year, New Zealand’s Labour-led coalition Government introduced legislation to amend the Overseas Investment Act to preclude foreign buyers from purchasing residential property.

In the September 2017 general election, the New Zealand Labour Party launched a plan to reduce immigration by 20,000 to 30,000 in a bid to relieve chronic housing and infrastructure pressures (especially around Auckland): …in recent years our population has been growing rapidly as record numbers of migrants arrive here.

The REINZ has released its house price data for June, which revealed a 0.3% seasonally adjusted rise in the national median house price, with prices up 1.7% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 0.4% in June, with prices up 6.5% year-on-year.

Statistics New Zealand has released data showing that the growth in renting households continues to dwarf the growth in owner-occupied households: The number of households renting their homes is increasing at almost twice the rate of those who own their own homes, according to the latest estimates from Statistics New Zealand.

Via the RBNZ today: The Official Cash Rate (OCR) remains at 1.5 percent.

By Leith van Onselen Statistics New Zealand has released national accounts figures for the March quarter of 2018, with Gross domestic product (GDP) rising by 0.6% over the quarter to be up 2.7% year-on-year.

By Leith van Onselen The REINZ has released its house price data for May, which revealed a 0.5% seasonally adjusted fall in the national median house price, with prices up just 3.6% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 1.0% in May, with prices up 7.3% year-on-year.

By Leith van Onselen A fortnight ago, The AFR published the following fake news: New Zealand pub owner Chris Dickson worries his staff is overworked.

By Leith van Onselen The Reserve Bank of New Zealand’s (RBNZ) proposal to impose higher capital requirements on the local arms of Australian banks has been defended by John Vickers, the Bank of England’s former chief economist.

By Leith van Onselen Auckland and Sydney have much in common.