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Bernard Hickey's picture

Bernard is a senior contributing editor of Until September 30, 2012 he was the managing editor. He worked for 18 years for Reuters, the FT Group and Fairfax as a financial journalist and editor. He is now the publisher of Hive News.
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Articles by Bernard Hickey

Bernard's Top 10 at 10

How money really works; Will the world's new middle classes drop back into poverty?; Charting the pigs in the python; Tony Alexander and the carry trade; Jon Stewart; Dilbert

Govt scales back Genesis bids sharply

Bids for more than NZ$2,500 of Genesis shares scaled back sharply after strong demand surprises Government; Shares set for 10% plus premium on debut on Friday

Inflation weaker than expected

Inflation weaker than expected as strong NZ$, lower airfares and lower electronics costs offset tobacco tax hike and surge in housing cost inflation; OCR hike still on for next Thursday

English says planning rules hiked rents

English says Auckland's excessive planning rules on minimum apartment size and balconies boost rents by NZ$80/week; rules a factor in interest rates and inequality

English sees 20% wage growth in 6 yrs

English says Treasury will forecast GDP growth of 2-4% from 2014 to 2018 in Budget 2014; sees average wage growth of 20% in six years to 2018

Key sees flattening Auckland house prices

Key says Auckland home owners should welcome flattening of house price inflation; Govt opposed to Councils taxing sales and incomes; Key welcomes housing affordability debate with Labour

Govt sets housing affordability target

Nick Smith says has told Government to target housing affordability at four times income, down from seven times income in Auckland now; More housing policy in May 15 Budget

Rates an inter-generational issue

Bernard Hickey thinks any move by councils to tax incomes, spending, road usage and congestion to lessen the rates burden on ageing property owners is unfair on younger and poorer generations

Councils review reliance on rates

Local Government NZ launches council funding review; says property rates may not be sustainable; Road tolling, sales taxes, income taxes mooted as alternatives

Key says net foreign buying may be zero

Key cites Tony Alexander's research in saying net buying of homes by foreigners may be "zero"; Cunliffe cites phone bidders at auctions and Chinese investors in pushing for foreign buying limits

Bernard's Top 10 at 10

Monetary policy in the new normal; Australia's not-so-free trade deal with Japan; Migration and housing affordability; Selling houses via WeChat; Dilbert

Budget deficit worse than expected

GST, PAYE and corporate tax receipts running about NZ$550 below forecasts; English says still on track for 2014/15 surplus, but makes it tougher; Tax cuts ruled out for May 15

Price pressures rise in 'stonking' QSBO

"Stonking" NZIER QSBO finds businesses most confident about their own trading since June 1999; building investment intentions highest since 1975; supports more OCR hikes

Key asked Treasury for rates analysis

Key says Treasury advised Govt that new spending over NZ$1 bln would put extra pressure on RBNZ to raise mortgage rates

Key downplays foreign home buying

Key sees little need for inquiry into non-resident buying of Auckland property; says house prices, rents now suggest foreign demand not an issue; says Tony Alexander's analysis 'crude'

Lolly scrambled mortgage rates?

Bernard Hickey queries John Key's claim that a pre-election "lolly scramble" would obviously push up interest rates just like the 2005 one did

Key chooses debt reduction

Key says Budget 2014 will not be pre-election 'lolly scramble'; new spending allowance will stay at NZ$1 bln; focus on using surpluses after 2014/15 to repay debt

Bernard's Top 10 at 10

Is quake-proofing NZ Inc too expensive for too little benefit?; China's hunt for corrupt 'tigers and flies'; Don't forget M-Pesa; Big data brokers; Dilbert

IMF wants NZ to repay debt first

IMF calls on Govt, Opposition to keep fiscal policy tight to help RBNZ withdraw stimulus from economy growing above trend; NZ$ 5-15% over-valued; House prices elevated and risky

Key to unveil 2014 Budget approach

Key to outline Government's "broad approach" to Budget 2014 on Wednesday; lists ways to use surpluses, including tax cuts and contributions to NZ Super Fund and EQC