If National wins ...

[elZorro]

We must all be imagining all those price rises around us. Either that, or house prices, rents, local body rates, building materials etc must have a "Nil" weighting in the CPI!

Not nil, but just counterbalanced from other stuff like petrol and airfares.

http://www.tradingeconomics.com/new-.../inflation-cpi

[macduffy]

Not nil, but just counterbalanced from other stuff like petrol and airfares.

http://www.tradingeconomics.com/new-.../inflation-cpi

Thanks, eZ. Yes, I've seen those explanations before and have yet to be convinced.

[elZorro]

Thanks, eZ. Yes, I've seen those explanations before and have yet to be convinced.

Maybe insurance isn't in there either. That's gone up a lot.

Labour is certainly gaining traction with their Kiwibuild policy.

http://www.nzherald.co.nz/business/n...y+13+July+2016

Comparing National and Labour housing policies at the moment. They are quite different.

http://www.nzherald.co.nz/business/n...y+13+July+2016

[westerly]

Maybe insurance isn't in there either. That's gone up a lot.

Labour is certainly gaining traction with their Kiwibuild policy.

http://www.nzherald.co.nz/business/n...y+13+July+2016

Comparing National and Labour housing policies at the moment. They are quite different.

http://www.nzherald.co.nz/business/n...y+13+July+2016

Labour ‘s housing policy is disappointing.
If the best they can come up with is to build more State houses and “affordable" homes around $500,000
they have sold out to the profiteers and really do not want to be re-elected. Andrew keeps sending emails requesting me to “chip in” but he has no show. House building costs in Australia are much lower than NZ (http://onproperty.com.au/build-a-house/) The policy of both parties appears to favour those lending the money and those borrowing by avoiding a drop in house prices. There will be a an inevitable economic downturn as has happened in the dairy industry
Banks are “expected” to support the heavily indebted farmers and no doubt the same will happen with housing.
Interestingly NZ is not one of the many countries that have bank deposit insurance. The Reserve Bank expecting the savers who have billions of dollars on deposit to take a haircut if a Bank runs into difficulty.

westerly

[winner69]

Thanks, eZ. Yes, I've seen those explanations before and have yet to be convinced.

Even the RBNZ can't understand why inflation so low
http://www.nzherald.co.nz/business/n...ectid=11673811

[macduffy]

Even the RBNZ can't understand why inflation so low
http://www.nzherald.co.nz/business/n...ectid=11673811

They're probably measuring the wrong things. I wonder what weighting Hansom cab rides, gas lights and buggy whips have in the index these days? Or phone landlines, DVD recorders and tape recorders?

[elZorro]

Labour ‘s housing policy is disappointing.
If the best they can come up with is to build more State houses and “affordable" homes around $500,000
they have sold out to the profiteers and really do not want to be re-elected. Andrew keeps sending emails requesting me to “chip in” but he has no show. House building costs in Australia are much lower than NZ (http://onproperty.com.au/build-a-house/) The policy of both parties appears to favour those lending the money and those borrowing by avoiding a drop in house prices. There will be a an inevitable economic downturn as has happened in the dairy industry
Banks are “expected” to support the heavily indebted farmers and no doubt the same will happen with housing.
Interestingly NZ is not one of the many countries that have bank deposit insurance. The Reserve Bank expecting the savers who have billions of dollars on deposit to take a haircut if a Bank runs into difficulty.

westerly

Westerly, those Aussie prices don't include the section price, and they're in Aussie dollars too. Although we're doing well on that front for the moment. The price of land in Auckland is quite bad, here's something in Pukekohe, might be cheaper??

http://www.trademe.co.nz/property/re...1114376336.htm

You could also buy 1/3 of an acre in Remuera for $7mill at the moment. So I think the $500k price, being half the average price for house plus section in Auckland, should be OK.

The Standard has a post on the background.
http://thestandard.org.nz/we-truly-a...nch-of-clowns/

I note that the Super Fund has just bought several dairy farms in Southland. Putting aside the possibility that this is a directive from Bill English to support dairy land prices in his general area (I don't believe that for a moment), I hope they've bought at a good price. They must have been a steal. Great investment. After all, Landcorp has been booking massive profits for years.

http://www.stuff.co.nz/business/farm...yet-to-be-made

South Hillend is very close to Dipton.

http://www.stuff.co.nz/business/farm...uth-celebrated

Edit: Bill English and his wife own the homestead on the family farm in Dipton, the dairy farm itself is now owned by his nephew Louis.

[elZorro]

Latest internal UMR poll makes things look tough for National in 2017.

http://thedailyblog.co.nz/2016/07/15...bourgreens-45/

[blackcap]

Latest internal UMR poll makes things look tough for National in 2017.

http://thedailyblog.co.nz/2016/07/15...bourgreens-45/

Come on ElZorro, that is quoting Bombers site. Really? I could just as easy post my own "secret" poll with as much validity as that one...

[fungus pudding]

Latest internal UMR poll makes things look tough for National in 2017.

http://thedailyblog.co.nz/2016/07/15...bourgreens-45/

Certainly pointing to a National/NZ first/Act coalition alright.