It’s been a long year with not a whole lot of cheery news, as COVID-19 upended plans and lives across the globe. In an attempt to bring some light-hearted fun as we hurtle towards the end of 2020, we’ve focused the Chart of the Month on some of our best friends: Dogs.
Housing remains a hot issue across New Zealand. But there’s not as much focus on the quality of the housing we endlessly debate. In part, this lack of focus is because we haven’t had great insights to work with – and what gets measured gets managed. But Infometrics analysis of Census 2018 data shows some disturbing results, with a concerning number of mouldy, damp or cold houses.
Over the past three months, much of New Zealand’s workforce (including the Infometrics team) has become far more accustomed to working from home, and to communicating with clients and teammates via Zoom, Teams, and other platforms.
Infometrics welcomes Senior Economist Alistair Schorn . Alistair joined Infometrics in February and it feels like a lot has happened since then!
New Zealanders have overrun supermarkets across the country over the last week, with the COVID-19 pandemic inviting panic buying and fear over access to the basics. However, our high-level analysis shows that food production and food imports remain resilient.
The COVID-19 pandemic is causing economic chaos both internationally and in New Zealand. A recession is now inevitable, and the economic ramifications of the pandemic and response will substantially change people’s livelihoods. However, New Zealand is resilient and stands ready to weather this pandemic, and there are actions that can be taken to reduce the severity of the economic blow.
Infometrics’ latest forecasts suggest there is little reason to be feeling more upbeat about New Zealand’s economic prospects, despite some improvement in confidence surveys over the last few months. The company expects growth to regain some momentum over the next year, but it believes nothing has changed to help the economy avoid mediocre results beyond 2021.
Housing looks set to continue dominating headlines in 2020, as house prices look to rally again and rent pressures grow. Who’s got property, who’s paying for property, and how many need property will all be key issues through the year as we build towards another election. But separate from that, the spotlight will keep shining on the housing market as New Zealand’s primary method of wealth creation. With so much money and interest wrapped up in property, here are some of the components to watch in 2020.
New Zealand’s housing market isn’t functioning as well as it should be, with higher house prices, rising rents, falling home ownership, and a lack of housing options. But just how large is the housing shortage that we continually hear about?
Escalating housing costs across the country have put the squeeze on households, particularly renters on low incomes. This article looks at the demand for public (or social) housing, what’s being done about supply, and highlights emerging public housing hotspots across New Zealand.