Many NZer expats remain residing overseas but there is a definite trend for them to pull their money out of Europe, Asia and North America where returns are low and risks high. It seems they’re keen to hold their investment in what is increasingly being regarded as our “safe” economy.
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Much has recently been reported about Kiwis crossing the ditch in increasing numbers. All we can say is that given the on average 50% drop in real estate sales, the substantial numbers of business closures across much of the “Lucky Country” our information is that the tide could well turn presently. In fact it’s interesting […]
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As a result of Christchurch’s tough 17 months of hell, insurance in NZ is going to become more costly for most NZers and certainly for those who reside in quake-prone markets. Your insurer will update you of this as and when your renewal period comes nigh. I’d strongly advise you to carefully read all documentation […]
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At the start of every year there is competition for the better rental properties but it does seem that already this year that pressure is somewhat greater and good rentals more scarce as a result. Investors remain outside the market still, not purchasing. For those entering that market, this is a pleasant surprise although first […]
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Once the engineers re-review the buildings subsequent to the Xmas shakes, the rebuild will get under way in earnest. Much was being started late last year and already the demand for staff and materials was being noticed across the country. What does that mean locally? We may see a number of our building-associated companies send […]
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While export prices for dairy, meat, grain, logs and wool have settled back of recent weeks, anticipations are that all will remain strong this year and continue the re-emergence of economies in rural and regional towns and cities. The impact of the rapidly increasing numbers of cruise liners around our coasts has been little short […]
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Not much has changed since I reported last month. The NZ OCR looks likely to remain as it is for much of if not all of this year and some are suggesting that if the Euro mess effects the UK market and in turn the downturns in both of those markets effect demand for Chinese-produced […]
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While we often comment on the national market one thing that has been increasingly making itself evident these past few months is that any general, national commentary is almost always fatally incorrect in any local market! So, what I’m saying is that economics “soothsayer’s” comment and or prediction, while to be taken notice of, will […]
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While we all hear stories of Toyota’s 500 year Business Plan, I have been reminded recently of the long-term planning approach commercial developers take. I’ve heard of a number of large retail and service developments, ‘Big Box’ shopping centres and so forth, that major developers have been working on for some time and notwithstanding the GFC […]
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