Economy gallops along

Tuesday 31 August 2004

The economy is racing ahead and will increase a "buoyant" 4.3 per cent in the year to March 2005 before taking a small breather, the Institute of Economic Research says.

By The Landlord

The forecasting group's latest predictions indicate another strong year, after a robust 3.5 per cent growth in the March 2004 year.

After several years of "rapid expansion", growth would slow to 2.5 per cent in the year to March 2006, before picking up again the following year, the institute said.

However, the slowdown was taking longer than expected to arrive.

"It is a very gentle slowdown, and a level (2.5 per cent growth) that we would have been excited about 15 years ago," institute director Brent Layton said.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.


NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.


LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer