In today's email we ask why inflation remains stubbornly low, and we discuss the busy weekend had by New Zealand First and The Greens.
Bill English did his weekly round of media interviews this morning and stopped short of a full condemnation of Donald Trump's ban on refugees and migrants from seven predominantly Muslim countries. He said on RNZ he disagreed with the policy, but declined to call it racist, saying it was not for him to defend the policy.
Parliament resumes later today for a three-week session ahead of the December 3 by-election for the Mt Roskill electorate, with housing, transport and migration set to dominate the debate.
I love a good Reserve Bank data series and yesterday's batch of figures (C31) on mortgage lending in September show the third round of Loan to Value Ratio (LVR) restrictions are biting hard on lending to landlords.
Auckland property developers report banks pulling back from lending for new apartments and sections in recent weeks, potentially frustrating the Government's hopes for a 50% increase in privately-funded residential construction there over the next 18 months.
For the convenience of subscribers, here's my weekend column in which I argue New Zealand needs to rediscover its 1974 house building mojo, which means building a lot more smaller, simpler homes with Government backing.
A clutch of fresh record highs emerged yesterday around the housing market.
Migration is set to again feature in the political and economic debates this week ahead of fresh migration figures for July on Friday and jobs figures on Wednesday, and with both Labour and New Zealand First focusing on the issue in and around Parliament.
For the convenience of subscribers, here's my weekend column in which I argue the banks could help the Reserve Bank get out from between a rock and a hard place by not passing on next week's OCR cut to savers and borrowers.
The 85% rise in Auckland land prices over the last four years hung heavily over the housing debate over the weekend, reinforcing that achieving affordability any time within 50 years would actually require land prices to fall -- which (almost) no politicians want.