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Will my sector be next? - BusinessNZ slams Government s move on interest deductibility

Will my sector be next? - BusinessNZ slams Government s move on interest deductibility
nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.

Housing crisis: Record profits reaped by property owners and investors revealed

16/03/2021 Economist Cameron Bagrie on The AM Show. Credits: Video - The AM Show; Image - Newshub/Getty People who sold Auckland and Wellington houses late last year pocketed a median profit of close to half-a-million dollars.  Property analyst firm CoreLogic, which has been tracking the market since the mid-1990s, says there s never been a more profitable time.  It s not surprising because we know prices have been rising for a pretty steady period of time - go back 10 or 15 years really, the New Zealand housing market has been on an upswing, senior property economist Kelvin Davidson told Newshub. If anything, it accelerated at the end of 2020. the acceleration we saw in the property market at the end of last year was pretty stark. Basically anybody reselling - especially if they held for five, 10 or 15 years, was almost certain to get a price higher than what they paid.

The pull of Oz: could another brain drain be on the cards?

Infometrics economists talk about the changing pattern of migration New Zealand’s Covid-19 response has made it a safe haven in a pandemic-ravaged world but, post-Covid, is there potential for a new Kiwi “brain drain” to Australia? Miriam Bell reports. The “lucky country” has always been a magnet for New Zealanders in search of opportunity. But, after a strong upsurge following the Christchurch earthquakes that peaked around 2012, migration flows to Australia declined significantly in recent years. Now, as Covid continues to reshape the economic landscape and New Zealand’s house prices skyrocket, there’s speculation that Kiwis might, once again, start to cross the ditch.

Conversations That Count – Ngā Kōrero Whai Take

Conversations That Count – Ngā Kōrero Whai Take
livenews.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livenews.co.nz Daily Mail and Mail on Sunday newspapers.

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