Newsletter July 2017
390,000 Airbnb guest nights in Auckland, 180,000 in Queenstown
Airbnb’s explosive growth has been integral in helping to ease accommodation bottlenecks in the New Zealand tourism sector over the past year. There are now around 20,000 listings on Airbnb in New Zealand and hosts earned a total of $55m over the March 2017 year. Of the $55m spent on Airbnb accommodation in New Zealand over the past year, $22m was spent in Auckland and $17m was earned by hosts in Queenstown-Lakes District.
Threatened migration clampdown would lead to economic slump
New Zealand’s economic growth is being constrained by shortages of labour in key areas, and this problem will become more widespread if there is a significant and rapid tightening in migration policy following this year’s election, warns Infometrics Chief Forecaster Gareth Kiernan.
Crop farming – are better growth conditions ahead?
After a few tough years, the prospects for New Zealand’s primary sector are currently looking pretty good. There is a lot of commentary going around about the potential $6 trifecta for dairy, beef and lamb prices, while kiwifruit growers and wine producers are also looking forward to continued buoyant returns. One part of the primary sector, however, that doesn’t perhaps get the coverage that it warrants is arable.
Top 10 on Personal Finance
Benje Patterson recently wrote a guest Top 10 post on interest.co.nz. At the risk of sounding like a bore, his post dealt with the housing market. But instead of lamenting high house prices, or crystal ball gazing for an appropriate time to enter (or exit) the market, his post focused on the personal finance implications of having so much money tied up in housing.