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Search results: Tony Alexander
With over three decades of experience closely watching and reporting on the New Zealand economy, Tony’s the go-to guy when it comes to the inner workings of the economy, and how it affects every day New Zealanders. After leaving the corporate world in 2019, Tony started writing independently, regularly surveying professionals in the industry, and putting together updates that are easily digestible for home buyers, businesses and investors. Catch him on our blog every month.
Should we all just pack it in and move to Australia?
The economy is officially back in recession, and the prospects for a weaker labour market are scaring people. So, is everything bad and should we all go to Australia?
The housing construction decline is causing headaches
Building costs have shot up by a whopping 40% over the last 3-4 years, and when you throw in sky-high interest rates and hurdles from the Resource Management Act, developers and home buyers alike are dealing with a real headache.
Rising listings: Construction's got some hurdles to jump
Many Kiwi who had been holding off selling their properties are now putting them up for sale. But with plenty of existing properties entering the market, the outlook has just darkened further for developers of multi-unit complexes.
Housing shortage worries? Not yet
The toilet paper shortage crisis is over — but is it turn for housing shortages in New Zealand?
The housing market is moving, at a sluggish pace
If the Reserve Bank were to raise the cash rate again, they would overly depress the economy and end up having to cut interest rates aggressively through 2025 and 2026. So is it still likely that an extra tightening of monetary policy will occur?
Buyers are keen — but is it rush hour yet?
With most people now back at work and the kids back at school, passage of time away from the election and pre-Xmas hassles will likely start encouraging more people to give thought to buying or selling a house. But can we see evidence yet that a new wave of buyers is coming through?
Four reasons why house prices are expected to rise throughout 2024
Why Tony Alexander believes that the 6% annualised pace of house price gains seen in the second half of 2023 may almost double once we get to the second half of this year.
NZ property market remains in a slump as interest rates continue to rise
Do we have any evidence in hand of the impact on the residential real estate market yet of the recent round of fixed mortgage rate increases undertaken by banks? Yes, we do.
Property investors backing away from the market
My monthly survey has shown a decrease in the net proportion of these investors thinking about buying another property from 10% down to only 2%.
House price falls are slowing
We can unequivocally say that house prices are going down, but the pace of decline in house prices is slowing. When will house prices bottom out?
Another increase to the OCR as monetary policy continues to tighten
The Reserve Bank met expectations this week with another 0.5% increase in the official cash rate so it now sits at 3.5% compared with the record low just over a year ago of 0.25%.
Interest rate outlook sours
It is somewhat ironic that at the same time as we are seeing first home buyers return to the market and investors pricking up their ears, prospects for interest rates have worsened.
