New Zealand Economy

By Leith van Onselen “Look mum, I’ve got a new ruler”. Statistics New Zealand has revised the way that it measures net overseas migration (NOM).

By Leith van Onselen The REINZ has released its house price data for December, which revealed a 2.9% seasonally adjusted fall in the national median house price, with prices up just 1.7% year-on-year: Outside of Auckland, seasonally adjusted house prices fell by 1.1% in December, with prices up 6.5% year-on-year.

By Leith van Onselen Over the past few years, MB has meticulously catalogued the widespread rorting of Australia’s immigration system that pervades across the entire economy.

By Leith van Onselen Auckland Council’s chief economist, David Norman, has down-played concerns that Auckland’s housing market could follow Sydney’s and Melbourne’s down.

By Leith van Onselen Statistics New Zealand has released national accounts figures for the September quarter of 2018, with Gross domestic product (GDP) rising by just 0.3% over the quarter to be up 3.0% year-on-year.

By Leith van Onselen The REINZ has released its house price data for November, which revealed a 1.3% seasonally adjusted increase in the national median house price, with prices up 7.1% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 0.1% in November, with prices up 7.9% year-on-year.

By Leith van Onselen In the lead up to last year’s September General Election, the NZ Labour Party pledged that it would end negative gearing if it is elected. Now, the policy is nearing implementation, with The Treasury and Inland Revenue releasing a Regulatory Impact Statement (RIS) assessing the policy.

By Leith van Onselen Statistics New Zealand has released its labour force data for the September quarter, with the unemployment rate falling by 0.5% to 3.9%.

By Leith van Onselen New Zealand’s housing market looks set to follow Australia’s into a correction.

By Leith van Onselen The REINZ has released its house price data for September, which revealed a 0.4% seasonally adjusted increase in the national median house price, with prices up 5.4% year-on-year: Outside of Auckland, seasonally adjusted house prices rose by 1.1% in September, with prices up 8.5% year-on-year.

By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) has released its latest Monetary Policy Statement, whereby it has left the cash rate unchanged at an “expansionary” 1.75% and noted that rates are likely to remain on hold until 2020: The Official Cash Rate (OCR) remains at 1.75 percent.