NZ bursting with good health

Wednesday 15 September 2004

A healthy economy, New Zealand-style, comes at a cost – especially for unfortunates with big home mortgages.

By The Landlord

The economy is enjoying probably its most protracted period of sustained growth and health since 1840. That was the consensus view of a group of economists, farming observers and a former senior central banker at a gathering recently.

I'm sure the group would be happy to be corrected by an economic historian with the resources to compare relevant data.

The view was formed after discussing the usually short periods of prosperity New Zealand enjoyed during the mid to late 19th century, the 1920s, the late 1940s, the early 1950s, up to the 1980s. Usually these ended rapidly because of balance-of-payments shocks, rocketing overseas debt and the like.


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.

Commercial

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.

Mortgages

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