Bernard Hickey

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Articles by Bernard Hickey

25 Sep 16, 10:26pm
Country's biggest house builder says Auckland housing crisis requires major Government investment to fund housing, infrastructure; also calls for Council action and for MUDs to be considered; Housing NZ sees scope for 30,000 new Auckland homes
25 Sep 16, 9:53pm
Labour challenges Key view that "virtually 100%" of building consents turn into actual houses; Twyford cites Statistics NZ estimates of new dwellings being 800 a month or 13% lower than dwelling consents since 2014; Smith insists almost all will be built
25 Sep 16, 5:02am
Kiwis born since 1985 have largely missed out on the explosive gains in wealth and higher incomes seen since then. Now they are being set up to pay for baby-boomers' retirement without a big enough NZ Super Fund to help them, Bernard Hickey writes
23 Sep 16, 7:52pm
Bernard Hickey looks at whether to fix or float and how long to fix as the Reserve Bank looks to cut the OCR again later this year and as the banks refuse to pass on lower wholesale rates
22 Sep 16, 9:11am
RBNZ leaves Official Cash Rate on hold at 2.0% as expected; says "further policy easing will be required"; says a "decline in the exchange rate is needed"; says seeing signs LVR changes and tighter bank lending criteria are moderating housing market
20 Sep 16, 4:11pm
Smith says Government looking at becoming a party to Unitary Plan appeals to combat any delays in bringing new housing supply to Auckland market
18 Sep 16, 5:02am
Rules around body corporates need tightening before a whole new generation of Auckland apartment buyers are burnt by poor disclosure, inadequate maintenance and dodgy building quality
15 Sep 16, 11:01am
GDP grew 0.9% in June qtr; up 3.6% from June qtr of 2015; slightly below economists' forecasts; unchanged from revised-up March qtr; construction up 5% in June qtr while household consumption up 1.9%
13 Sep 16, 11:41am
PM says wary of policy action that could cause catastrophic slump in housing market; points to Australia; says Govt must protect home owners' equity; also wary of 2nd round of Anti Money Laundering controls as may increase agent/lawyer costs
11 Sep 16, 5:02am
Bernard Hickey argues the Government should help break the lending drought threatening the Auckland housing building boom by focusing KiwiSaver HomeStart on funding new builds
6 Sep 16, 4:51pm
Little wants settings for work visas reviewed so low-skilled migrants are not taking jobs unemployed young locals could fill; attacks Key over comments workers 'on drugs and lazy'; wants lower residency target; Labour also wants export education inquiry
5 Sep 16, 1:16pm
PM says migrants needed for low-wage jobs such as fruit picking, cafe work because NZers can't or won't do the work, or live elsewhere; says employers cite drug and health problems for locals; migration 'adds value' to country
4 Sep 16, 5:02am
Bernard Hickey argues New Zealand needs to rediscover its 1974 house building mojo, which means building a lot more smaller, simpler homes with Government backing
28 Aug 16, 5:02am
Bernard Hickey argues a land tax and/or targeted rates would change the expectations of unending tax-free capital gains with low holding costs that is driving a frenzy of land-banking in Auckland
23 Aug 16, 9:20am
Governor defends flexible inflation targeting regime; sticks with MPS view of another 35 bps of OCR cuts; says holding OCR would push up NZ$; but says more aggressive cuts would not lower NZ$ much and would worsen housing imbalances
22 Aug 16, 3:46pm
UMR poll finds 60% of Aucklanders over 18 would prefer house prices fell a bit or dramatically; 63% of NZers want lower house prices; 55% of home owners would like lower prices; 85% of Aucklanders see housing crisis
21 Aug 16, 5:02am
Bernard Hickey says a surge of low-skilled migration is frustrating the natural forces of supply and demand that would generate the wage inflation that both the Reserve Bank and the Government need in the long run
17 Aug 16, 11:16am
Statistics NZ reports unemployment fell to 5.1% in June quarter from revised 5.2% in March quarter; Under-utilisation rate, which includes unemployed and those who want more work, at 12.7%; 342,000 out of work or want more work
16 Aug 16, 2:37pm
Woodhouse says no evidence yet that high temporary migration is suppressing wages at the low end; English says watching skill levels and wages closely; Pressure growing on Govt as ANZ, RBNZ, Auckland Chamber of Commerce call for migration review
16 Aug 16, 1:07pm
English says unfair to say Wheeler has failed to meet his performance target on keeping inflation around 2% when global inflation is very low and NZ economy is growing faster than 3%; says 2nd term up to board
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