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Does the state of New Zealand's property market keep you up at night? Well, it's time to sleep easy as we join Chief Economist Kelvin Davidson for a riveting discussion about the country's real estate landscape and economic outlook. We navigate the nuances of the New Zealand Activity Index for May, a vital indicator for GDP, and explore what it truly means for the second quarter. But don't break out the champagne just yet. Kelvin reminds us that the economic seascape can be precarious, and there's no assurance that we won't be navigating negative GDP figures in the following quarters.
In the second act of our dialogue, we roll up our sleeves and get down and dirty with the latest economic data, from the pulse of business confidence to the intricacies of filled jobs. We dissect easing cost pressures, reducing pricing intentions, and a timid resurgence in consumer confidence. Even though the economy appears steady, we highlight potential challenges looming on the horizon.
Lastly, we set our sights on lending trends around trade-up premiums. Armed with the latest lending data, we scrutinize the new loan-to-value ratio speed limit and the enduring high mortgage rates. As we wrap things up, we make sense of the housing market's challenges, the influence of an aging population, and the financial hurdles, especially when bridging finance is required. We invite you to plug in, listen up, and join us in this enlightening discussion about the economy's future. Let's make sense of the numbers together!
Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.com or kelvin.davidson@cotality.com
