News

Tony Alexander ‘Weekly Overview 21st April 2016

By Julie Halligan

Tony Alexander ‘Weekly Overview 21st April 2016

Housing
Strong in the regions and now again also in Auckland. Deeper credit controls to come. More Chinese
buying likely as the Beijing leaders have opted to stimulate growth through increased infrastructure
spending and looser credit conditions – kicking the can of an economic/financial correction further down
the road again just as Europe has been doing. The improved growth (though it was just 1.1% during the
March quarter) increases the chances that restrictions on capital outflows will be eased later this year.
Combine that eventual easing with
 buyers getting to grips with the IRD number requirements,
 banks across the Tasman cutting lending to offshore buyers, and
 rules affecting foreign buyers of residential property in Australia being tightened and applied
effectively,
means we are likely to see some previously Aussie-bound buyers shift our way instead as we become one
of the few residential markets left around the world completely open to foreign buyers.

Tony Alexander Weekly Overview 21st April 2016

Up to Date

Latest News

  • January 2018 NZ Market Update from Loan Market

    From January, the Reserve Bank of New Zealand loosened LVR restrictions on banks trading in New Zealand. LVR is essentially the amount a bank is allowed (under Reserve Bank rules) to lend against the value or purchase price of a property. To try and slow the everstrong NZ property … Read more

    Read Full Post

  • Tony Alexander Economic Roundup for week of 3rd August 2017

    Labour Market Fundamentally Strong The data highlight for us economists this week was not the number ten – representing days in the job for Mr Scaramucci. Instead it was yesterday’s collection of numbers showing the state of our labour market in the Household Labour Force Survey and Labour Cost Index. … Read more

    Read Full Post