We have a strong housing market & construction sector particularly in Auckland & Christchurch.
Massive infrastructure builds around roading etc as well & that is helping underpin the NZ growth story.
'Then you have farming & don't forget oil, but those impacts will take a while to filter through & obviously lower oil impacts exports but is a catalyst for the economy as a whole with cheaper fuel.
The other factor is NZ's interest rate & foreign money coming in to invest in the sectors mentioned above & cheap dairy farms.
I'm just wondering if we see a blowout in the Kiwi at some stage, i.e. it gets stronger against the AUD.
But history is telling me this is a very good level & I think we have been lulled into a bit of a false sense of security in regards what the impact of those farm prices will mean for the NZ economy in the next 12 months.