Are we in a recession?

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Cyclone Gabrielle and the Auckland flooding are likely to be a major drag on the country’s economy and may have plunged NZ into a recession earlier than expected. 

But is there a silver lining from this devastating event for our country’s shrinking economy?

In this week’s NZ Property Podcast, Kelvin Davidson and Nick Goodall make a case for the downturn coming to an end sooner than expected including:

• An expected boost in spending from the cyclone rebuild
• A sharp turnaround in migration figures
• Plus, first home buyers are taking a smaller share of the market. Is it out of choice or necessity?

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