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Economy
Are Kiwis inclining towards Australia amid soaring house prices?
April 12, 2021 05:05 PM AEST| By Team Kalkine MediaSource: Alexander Raths, Shutterstock The NZ government has taken several measures to curb the unsustainable rise in house prices. House prices in NZ have risen by over 20% and are about 25% in Auckland since the COVID-19 pandemic started. New...
RBNZ’s Monetary Review: Will OCR Be Raised On Wednesday?
April 12, 2021 12:48 PM AEST| By ManikaSource: Freedomz, Shutterstock Summary Monetary Policy Review to be done on Wednesday. Will the Central Bank fiddle with the OCR is the question Economic uncertainty points to a no change in OCR. All eyes are on the Reserve Bank of New Z...
What’s in President Biden’s 2022 Budget Proposal
April 11, 2021 01:32 PM AEST| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
Are NZ’s new property investment curbs distasteful?
April 11, 2021 06:00 AM AEST| By Team Kalkine MediaSource: xiaoyuguai, Shutterstock Summary PM Jacinda Ardern announced many changes in housing policy of NZ in March. Property investors are not happy with the announced housing changes. Goldman Sachs stated that new restrictions on housing cou...
Why Is NZ Business Confidence Moving Towards The Lower Side?
April 09, 2021 06:15 AM AEST| By Team Kalkine MediaSource: Panumas Yanuthai, Shutterstock Summary ANZ Business Outlook Survey outlines a fall of 4 points in Kiwi business confidence. Price expectations mark a record high, as cost expectations also surge. In spite of economic recovery signs in...
Savings, Govt. Spending To Fuel US Economic Boom In 2023: JP Morgan
April 09, 2021 03:16 AM AEST| By Team Kalkine MediaSource: Pixabay Summary JP Morgan CEO Jamie Dimon says stimulus savings, deficit spending will lead to an economic boom through 2023. Dimon also anticipates a significant reduction in the company’s real estate needs as it shifts towards...
IMF Raises 2021 US Growth Forecast To 6.4%
April 07, 2021 05:49 PM AEST| By Team Kalkine MediaSource: DCStockPhotography, Shutterstock Summary Global economy is estimated to grow 6 percent in 2021 after contracting 3.3 percent in 2020. Additional fiscal support in a few large economies particularly the U.S. boosted the outlook. Global e...
US Adds 916,000 Jobs in March; Jobless Rate Down 6%
April 07, 2021 05:26 PM AEST| By Team Kalkine MediaSource: Pixabay Summary Job growth in March highest since August 2020. Unemployment rate dropped 0.2 percent from February. Employment still down by 8.4 million from the pre-pandemic high in February 2020. The U.S. economy added 916,000...
Kiwi renters are struggling despite government’s housing market changes
April 06, 2021 03:06 PM AEST| By Team Kalkine MediaSource: godshutter, Shutterstock Last week, Ardern had announced many changes to the housing market, which included removal of interest as a taxable expense for landlords, increased income caps for first home buyers and extension of bright line test...
NZ Productivity Still Low, says Productivity Commission Chief
April 06, 2021 10:53 AM AEST| By RomaSource: Jojje, Shutterstock Summary New Zealand’s productivity recorded low as compared to its GDP. Economist reveals what the country’s economy really needs right now. Housing sector hacks that can get the desired productivi...
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Worrying about rising bond yields? Here’s how to protect your portfolio
April 02, 2021 04:43 AM AEDT| By AayushSource: Andrii Yalanskyi, Shutterstock Summary Having a judicious mix of debt with equity provides stability to the portfolio returns. Picking up a value stock at a bargain could provide a decent margin of safety during market sell-off. An in...
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Price Rise: NZ Housing Crisis Continues To Bite Kiwis
April 01, 2021 08:08 PM AEDT| By Team Kalkine MediaSource: Artazum Shutterstock Summary NZ middle-class and first-time home buyers sweat it out, as affordable accommodation appears to be distant dream. Housing issue continues as their prices escalate to a record high of 16.1% since 2006. Gove...
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Is NZ Business Confidence Moving Down?
March 31, 2021 07:09 PM AEDT| By RomaSource: Panumas Yanuthai, Shutterstock Summary ANZ releases Business Outlook report, which shows falling confidence. Housing weaker than before, but still strongest on the list. Second half of the month captured the falling indicators, whose...
Is NZ Moving In The Right Direction To Resolve Its Housing Market Dilemma?
March 31, 2021 06:06 PM AEDT| By Team Kalkine MediaSource: godshutter, Shutterstock Summary New Zealand is witnessing a surge in its housing prices almost for a year now. The Government has introduced a series of policies and plans, including NZ$3.8 billion to accelerate the construction of af...
RBNZ Eases Dividend Restrictions on Banks Due to Signs of Economic Recovery
March 31, 2021 12:57 PM AEDT| By ManikaSource:Peshkova, Shutterstock Summary The RBNZ partially removes restrictions on dividend payouts by banks. Allows banks to pay up to 50% as dividends, full easing after July 1, 2022. This is due to the fact that the economy is in a recovery...
Will Australia go the NZ way of checking house prices?
March 30, 2021 01:08 PM AEDT| By Team Kalkine MediaSource:Brian A Jackson, Shutterstock Summary Housing affordability worries could result in more Kiwis shifting to Australia. House prices in NZ soared by 21.5% annually, while property prices were up 3.6% annually in Australia. The Australian...
NZ house prices could go as high as 25% by mid-2020s: Kiwibank
March 29, 2021 02:05 PM AEDT| By SonalSource:nednapa, Shutterstock The widespread rise in property prices poses a significant challenge for the NZ government. On 23 March, the government announced many measures focussed on controlling investors who have been pushing prices up. The anno...
Will Westpac's sale of its NZ business result in other Kiwi banks to follow suit?
March 26, 2021 05:00 PM AEDT| By Team Kalkine MediaSource: Dr. Victor Wong, Shutterstock On 24 March, Westpac Banking Corporation (NZX:WBC, ASX:WBC) revealed that the bank was looking at the sale of its NZ operations and was taking into consideration whether a demerger would be in the best interest...
RBNZ voices concerns over Westpac’s breach of liquidity norms
March 24, 2021 12:37 PM AEDT| By Sonali> APRA also took actions against Westpac due to liquidity issues in December. Reserve Bank has asked Westpac to take a closer look at its risk governance practices and ordered the company to pay for 2 independent reports to address the same. O...
Manawatu-Wanganui Attracting NZ House Investors By Offering Big Capital Gains
March 24, 2021 12:39 AM AEDT| By Team Kalkine MediaSource: Fusionstudio, Shutterstock Earlier in March 2021, IMF stated that New Zealand government should consider using capital gains tax (CGT) to control the enormous rise in its property prices. Source: Copyright © 2021 Kalkine Media Pty Lt...
