Westpac is predicting that the NZ economy will take off in 2010. Recently releasing a report called \u201cThis Time Its Different\u201d, the banks economist\u2019s outline why NZ\u2019s recovery will be so good. The main reasons for this are the behaviours of the key factors:
\n–\tAssets, particularly housing and shares, are rebounding strongly.
\n–\tNZ is experiencing a mini-migration boom
\n–\tThere is a dramatic shortfall in new houses being built, which will create a multi-year source of economic growth.
\n–\tThe inventory cycle is extremely low and re-stocking will create growth
\n–\tBusiness & consumer confidence, the yield curve and other economic indicators are looking stronger than in previous economic recoveries.
\nThe bank also warns those pessimists looking at credit, employment levels, business closures and mortgagee sales will find that they miss the first year of economic recovery as these are all classic lag factors.
\n\tMost New Zealanders would agree that things are improving and unlikely to slip backwards again. The NZ Herald report that 55% of kiwis believe John Key\u2019s government is doing a good job and Key himself has hovered between 50% and 60% as being the best person for the top spot.
\n\tWe are definitely noticing a more positive outlook from home buyers, helped by stable house prices. The graph above shows median house sale prices around NZ from November 2006 until now. Perhaps \u201cBoom\u201d is too strong a word, but 2010 is without doubt going to be a good year. <\/p>\n","protected":false},"excerpt":{"rendered":"
Westpac is predicting that the NZ economy will take off in 2010. Recently releasing a report called \u201cThis Time Its Different\u201d, the banks economist\u2019s outline why NZ\u2019s recovery will be so good. The main reasons for this are the behaviours of the key factors: – Assets, particularly housing and shares, are rebounding strongly. – NZ […]<\/p>\n","protected":false},"author":1116,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Is 2010 set to be a boom year? - colinrealestate","description":"Westpac is predicting that the NZ economy will take off in 2010. Recently releasing a report called \u201cThis Time Its Different\u201d, the banks economist\u2019s outline why"},"footnotes":""},"categories":[5532],"tags":[5533],"class_list":["post-59","post","type-post","status-publish","format-standard","hentry","category-real-estate-2","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/59","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/users\/1116"}],"replies":[{"embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59"}],"version-history":[{"count":0,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=\/wp\/v2\/posts\/59\/revisions"}],"wp:attachment":[{"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colinrealestate.blogtown.co.nz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}