Originally Posted by
Daytr
A couple of comments regards previous posts. Interest rate differential is a key driver & government policy is making it difficult for the RBNZ. Adding fuel to the fire of the Auckland property market certainly won't help. The dairy price weakness is yet to filter through & Winner69, the problem with historical data is that it is historical. Previous comparisons don't allow for the huge up swing in production or price such that the impact of this last boom & bust will be like no other. The NZ economy will not just shake off $6Bln plus of revenue being wiped out. How long before exporters start screaming for help? One of the issues Australia had was their ccy stayed stubbornly high long after commodities had collapsed due to QE & zero interest rates in major economies. And now look what is happening in Australia. If it wasn't for immigration the housing market would collapse as well. Seeing an similarities to NZ?