The votes are in but the nation waits. NZ First was the big winner on election night, even though it lost party votes and Mr Peters lost his Northland electorate. The winner and loser tag applies also to National and Labour...
Promises, promises, promises, seems to be the theme of the election campaigns to date. Given the uncertainty of the result, the promises have more relevance. Unfortunately, for property investors some of the promises may not be welcome.
The National Government has produced a measured and politically clever Budget. Where this budget differs from its previous budgets is that it has opened its wallet and distributed the benefits of eight years of conservative management and the increased tax revenue derived from a very strong domestic economy in recent years.
It's stating the obvious to say Donald Trump’s win was historic. It's actually staggering from various perspectives, but 2016 has been a year of historical outcomes – including Brexit. Democracy though is a remarkable thing!
The headlines are relentless about homelessness and the cost of housing. Nowadays $2,500 a square metre is not unusual even for a relatively straight forward build. Given the average home is about 200m2, the building cost alone is likely to be +$500k (plus land cost). So why does it cost so much to build a house? There are many reasons, but mostly the cause ends up at the doorstep of local and central government.
The papakāinga provisions should apply to all properties, or they should not apply at all. One’s connection to land and environmental effects are, after all, not defined by race. Many of us more recent immigrants also have an ancestral connection with our land, or would like to create a legacy property for future generations. Why can't they have the same rights as Maori?
Twelve years ago Don Brash, as the then leader of the National Party, delivered a landmark speech to the Orewa Rotary Club: He dared to confront the issue of separatism. While the response from some was predictably shrill, the message resonated with enough voters to rebuild National's support from what had been a crushing election defeat under Bill English
The Reserve Bank has its sights set on property investors. The Bank has said for some time now that Auckland's runaway property market is unsustainable and a risk to the financial stability of the NZ economy.
Last month the Reserve Bank released its half yearly Financial Stability Report. Its purpose is to report on the soundness and efficiency of New Zealand’s financial system and the measures undertaken by the Reserve Bank.
The votes are in. While politicians spin the results, the numbers tell the story. So who won? Who lost? And why? National is celebrating an historic victory; Labour has the knives out for David Cunliffe; and Hone Harawira is still in a state of shock.