New Zealand Economy

By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) yesterday launched consultation to have debt-to-income (DTI) limits added to its macro-prudential toolkit.

By Leith van Onselen Several strings of data suggests that the Reserve Bank of New Zealand’s (RBNZ) loan-to-value ratio (LVR) restrictions targeting investors, which were announced in July 2016, are beginning to have the desired effect of cooling Auckland’s runaway housing market.

By Leith van Onselen New Zealand’s National Government remains under siege for failing to solve Auckland’s housing crisis by promising to boost supply.

By Leith van Onselen The Reserve Bank of New Zealand (RBNZ) has released its bi-annual Financial Stability Report (FSR), which once again dissects the nation’s (read Auckland’s) housing bubble and warns on risks to financial stability and the macro economy.

By Leith van Onselen The New Zealand National Government’s single-minded focus on solving Auckland’s housing crisis by boosting supply continues to take a hammering.

By Leith van Onselen The New Zealand Budget, released yesterday, forecasts further house price growth on the back of ongoing strong immigration.

By Leith van Onselen Only via New Zealand do Australia’s banks ever tell the truth.

By Leith van Onselen New Zealand Prime Minister, Bill English, has ruled-out changing the country’s immigration settings to bring in more construction workers to help alleviate Auckland’s chronic housing shortage.

By Leith van Onselen Four months out from the General Election, and with concerns over Auckland’s housing crisis growing, New Zealand’s National Government has launched a state-sponsored house building plan on crown land that is to deliver 26,000 extra homes to the Auckland region over the next decade.

By Leith van Onselen The policy debate is hotting up in New Zealand in the lead-up to the 23 September general election, with Labour leader, Andrew Little, pledging that Labour would end negative gearing if it is elected.

By Leith van Onselen The Property Council of New Zealand (PCNZ) has published a new report crowing that property is now New Zealand’s largest non-export industry.

By Leith van Onselen As widely expected, the Reserve Bank of New Zealand (RBNZ) has held the official cash rate (OCR) at 1.75%.

By Leith van Onselen Despite promising for years to reform New Zealand’s planning system to boost housing supply and make housing more affordable, it is clear that the National Government is failing.

By Leith van Onselen I wrote yesterday how anti-immigration party, New Zealand First, is likely to win the balance of power in the upcoming 23 September General Election, meaning it will likely decide which major parties form government.

By Leith van Onselen Several strings of data suggests that the Reserve Bank of New Zealand’s (RBNZ) loan-to-value ratio (LVR) restrictions targeting investors, which were announced in July 2016, are beginning to have the desired effect of cooling Auckland’s runaway housing market.

By Leith van Onselen I noted last week how anti-immigration party, New Zealand First, has increased its voter support from 3% to 10.5%, according to the latest Roy Morgan polling, meaning that it could hold the balance of power and decide who forms the next government.

By Leith van Onselen Statistics New Zealand has this morning released its labour force data for the March quarter, with the unemployment rate falling to 4.9% from 5.2%.

By Leith van Onselen Hardly a day goes by now that concerns about New Zealand’s record immigration program are vented in the media, which is posing big problems for the incumbent National Government as the nation heads to the polls on 23 September.

By Leith van Onselen The New Zealand National Government’s single-minded focus on solving Auckland’s housing crisis by boosting supply continues to take a hammering.