Developers of multi-storey apartment blocks and hotels will be able to invite in foreign buyers again under changes to the Government's foreign buying ban law. Conveyancers also dodged a bullet and telcos got an exemption, but retirement village operators failed to win the exemption they hoped for. Nikki Mandow looks at the winners and losers in the select committee's changes to the Overseas Investment Amendment bill.
1. 'Throw off the fiscal straitjacket'
The authors of the Government's own housing stocktake argue it lacks the ambition to truly solve a multi-generational crisis because of a self-imposed debt limit. Bernard Hickey reports.
Housing Minister Phil Twyford has released a report he commissioned into the housing crisis, saying it revealed a significant but unknown number of 'floating' households who were unable to access state, emergency or community housing.
In today's email we previewed the report into the housing crisis due out this morning.
New Zealand is missing 500,000 houses because of its inability to build at the same rate over the last 30 years as it did between the mid 1940s and the late 1970s. That's the view of independent economist Shamubeel Eaqub, who has analysed New Zealand's house building record since the 1920s.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Monday.
It turns out the September quarter was not a happy time for businesses planning their investments in Christchurch. The New Zealand Institute of Economic Research's (NZIER) Quarterly Survey of Business Opinion (QSBO) found investment intentions slumped in the September quarter back to where they were before the February 2011 earthquake.
Economic growth is surging into the 3-4% range, but the New Zealand Institute of Economic Research 's (NZIER) Quarterly Survey of Business Opinion (QSBO) released on Tuesday showed a frustrating gap is opening up between businesses reporting skill shortages and wages growth.
The New Zealand Institute of Economic Research (NZIER) reported the strongest business confidence in 10 years on Tuesday, but for the fourth quarter running the experienced business conditions failed to live up to the previous quarter's expectations. It's a pattern that has developed since the Global Financial Crisis and means new hiring and investment has consistently disappointed.