Retirees who own their own home are generally able to live with more financial comfort than those who are renting. It’s not rocket science – if you’ve paid off your mortgage while working, then your accommodation costs in retirement are close to zero, apart from a bit of necessary spending on rates, insurance, and maintenance. Over time, renters tend to become even more disadvantaged because rents often rise faster than incomes.
Our work in the news
Our economists are approachable and able to give commentary on a wide range of economic issues affecting New Zealand.
We enjoy sharing our views and welcome opportunities to speak with the media. If you’d like Infometrics to comment on a media story please email Brad Olsen or call our office +64 4 909 7612 to speak with one of the team.
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Here is list of Infometrics’ latest mentions in the media.
With local elections in full swing, there’s a greater focus on the direction that our councils are moving towards and how much is it going to cost. Wrapped up in these discussions is the the fact that right across New Zealand we need to address our infrastructure deficit after decades of neglect. Planning to address this deficit will not be easy, or cheap, but is critical to aiding growth and fixing our housing issues.
Wellington City retains its top spot in 2018 as New Zealand’s most creative city, according to Infometrics’ Creativity Measure. Not only is Wellington City in a league of its own but it has been widening the gap with its closest rivals over the past ten years.
Around the world, there is increasing interest and concern about the potential effect of technology, specifically automation, on employment. In this article, we consider how technology has affected employment historically, where it’s heading, and use our work for ATEED in Auckland as a case study to highlight the potential future changes.
On 23 September StatsNZ released the first batch of Census 2018 data, which includes high-level national trends, population counts for local areas, and the number of electorates. Although it is great to finally have some 2018 Census data, the information available is still very high level.
New data released by the Ministry of Education shows that 7,033 school leavers had no qualification in 2018, up 615 people from 2017. The percentage of school leavers without any qualification increased from 10.2% in 2017 to 11.2% in 2018. Delving into the data we found considerable differences between regions.
The long-awaited reset of KiwiBuild confirms that the government still doesn’t grasp why the policy went so spectacularly wrong. When KiwiBuild was conceived back in 2012, it was easy to blame the unaffordability of housing on a lack of supply – new dwelling consents the previous year had plunged to a 58-year low of 13,236. But with consents now at a 45-year high of 35,472, it no longer makes sense to suggest that high house prices are due to a lack of construction activity. KiwiBuild remains a policy that has been formulated to treat the symptoms of a problem that the government has failed to properly diagnose or understand.
Local councils are once again putting their thoughts towards their Long Term (10-year) Plans which need to be completed next year. Fundamental to their plans are reliable metrics on the size of their current and future population.
Plastic packaging is being talked about more than any other time since it was first invented. With single-use plastic bags now banned, and our ability to outsource soft plastic recycling overseas becoming less viable, there are some fundamental shifts occurring for New Zealand. With more efforts to switch to reusable alternatives, and a rethink about plastic recycling, we need to focus much more on how we manage our waste.
Andrew Beattie has recently joined the Infometrics Team. This month we sit down to chat with Andrew about what he’s working on at Infometrics and what he sees in the future.