The economy is turning blue as it holds its breath waiting for the election result

Election uncertainty continues to weigh on the property market with spring sales weaker than previous years.

The latest report from property market analysts CoreLogic said buyers were probably waiting for more certainty over housing policies following the election.

Head of research Nick Goodall said growth in property prices was the lowest it had been in five years, at just under 5 percent.

In Auckland, it was just under 3 percent.

Annual rent growth also dipped last month after a strong increase the previous month.

Mr Goodall said net migration slowed slightly over August, which had some influence, but the market was still under pressure from an increasing population.

Reports that farm sales have just about come to a complete stop have also come in.  Nobody wants to take on a new farm to have Labour come in and take the business straight to bankruptcy.

The retail sector is also noticing a slow-down on the big ticket items.

If National wins, everyone will breathe out again.  If Labour wins… there may be some keeling over… and it will be just the start.

Inflation, lower investment, unemployment will go up…   it will snowball, and not in a fun way.

 

– RNZ


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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