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08 May 2024

Rodney’s Ravings: Why the market will likely lead the fall in interest rates

The Reserve Bank has a tradition of being too slow to hike and cut and is likely to continue this tradition because of its poor forecasting and lack of understanding of what is going on at the coalface of the economy. The market, however, is usually quicker to respond — will it be the one to lead a fall in interest rates this year?

08 May 2024

Job worries take centre stage

At a time when more vendors are appearing, buyers are backing away. And it's not because of increased worries about interest rates or access to credit. Instead, worries about job security have taken centre stage.

03 May 2024

Opinion: The RBNZ needs to start cutting interest rates, ASAP

Most commentators are picking it'll be late 2024 (or worse, 2025) before interest rates start falling again — but the Chief, David Cunningham, reckons there's a strong case for the RBNZ to begin dropping rates much sooner.

01 May 2024

NZ housing market update - May 2024

It's tough going out there at the moment, and we're all feeling it in one way or another. The housing market is subdued, and NZ economic data is painting a pretty bleak picture. So the question on everyone's minds is: when will interest rates start to fall again?

25 April 2024

Property investors reveal their top concerns

Despite hopes of interest rate declines, booming population growth, and changes in tax rules, fewer investors are looking to make another property purchase. So why is this the case?

18 April 2024

Opinion: Inflation falls to 4%...or does it?

According to bank economists, NZ’s latest inflation stats make it clear it’s far too soon think about dropping interest rates. But the Chief, David Cunningham, reckons the official numbers don’t paint an accurate picture of the situation.

10 April 2024

Rodney's Ravings: RBNZ doesn't need new labour market indicators, it needs better judgement

New research from the RBNZ highlights the four key indicators that (it believes) give us the best idea of where inflation is at, and where it's headed. But Squirrel guest blogger, Rodney Dickens, reckons it's the RBNZ's judgement that needs work more than anything.

10 April 2024

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?

27 March 2024

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.

13 March 2024

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.

28 February 2024

Housing shortage worries? Not yet

The toilet paper shortage crisis is over — but is it turn for housing shortages in New Zealand?

14 February 2024

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?