About
A senior journalist and news editor with interest.co.nz, David Hargreaves has covered financial markets and economics both in New Zealand and Britain for longer than he cares to mention.
David Hargreaves
Latest articles
Withdrawals from KiwiSaver by the over 65s have easily more than doubled in the past two years as term deposit rates have soared
21st Sep 23, 11:25am
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Withdrawals from KiwiSaver by the over 65s have easily more than doubled in the past two years as term deposit rates have soared
Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
21st Sep 23, 8:56am
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Fonterra's after-tax profits have risen to $1.577 bln, with a full-year dividend of 50c per share and a final declared milk price of $8.22 per kilogram of milk solids
Westpac economists caution that while the latest positive global dairy auction results are welcome, prices are still down by about a quarter over the past year
20th Sep 23, 12:57pm
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Westpac economists caution that while the latest positive global dairy auction results are welcome, prices are still down by about a quarter over the past year
BNZ chief economist estimates the average annual expense associated with buying the median NZ home currently exceeds the cost of renting by just over $38,000 a year
19th Sep 23, 11:46am
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BNZ chief economist estimates the average annual expense associated with buying the median NZ home currently exceeds the cost of renting by just over $38,000 a year
[updated]
Synlait’s 'delivery in full and on time performance' of its manufacturing and supply agreement with a2 Milk has fallen 'below the level required', according to a2
18th Sep 23, 11:53am
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Synlait’s 'delivery in full and on time performance' of its manufacturing and supply agreement with a2 Milk has fallen 'below the level required', according to a2
GDP figures to be released in the coming week will probably show something of a bounce back from two quarters of negative economic growth, but the overall picture isn't particularly rosy
17th Sep 23, 8:11am
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GDP figures to be released in the coming week will probably show something of a bounce back from two quarters of negative economic growth, but the overall picture isn't particularly rosy
Latest REINZ housing market data suggest 'momentum is building and that is likely to continue throughout the spring', economists say
14th Sep 23, 11:58am
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Latest REINZ housing market data suggest 'momentum is building and that is likely to continue throughout the spring', economists say
Super Fund's value increased in past year by $9.7 bln to a record high $65.4 bln
13th Sep 23, 11:25am
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Super Fund's value increased in past year by $9.7 bln to a record high $65.4 bln
[updated]
The national median house price dropped slightly last month, but sales lifted, days to sell decreased, and both Auckland and Wellington saw month-on-month rises in median prices; ANZ economists say market has 'convincingly turned a corner'
13th Sep 23, 9:00am
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The national median house price dropped slightly last month, but sales lifted, days to sell decreased, and both Auckland and Wellington saw month-on-month rises in median prices; ANZ economists say market has 'convincingly turned a corner'
[updated]
Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
12th Sep 23, 11:20am
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Stats NZ figures show that total card spending rose by 0.9% in August, reversing a drop of the same magnitude in July. However, spending on consumable and durable goods was down
Latest QV House Price Index shows NZ houses nationally have had their first three-monthly increase in values since the start of the downturn in late 2021
12th Sep 23, 5:00am
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Latest QV House Price Index shows NZ houses nationally have had their first three-monthly increase in values since the start of the downturn in late 2021
When countries experience large capital outflows, significant currency substitution, an unacceptable level of money laundering risk, and/or risks to consumers and markets, targeted restrictions on crypto assets 'might be useful'
8th Sep 23, 5:00am
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When countries experience large capital outflows, significant currency substitution, an unacceptable level of money laundering risk, and/or risks to consumers and markets, targeted restrictions on crypto assets 'might be useful'
David Hargreaves has a look at the housing market's prospects in the wake of some strong Auckland monthly sales figures and ahead of a pivotal (for the housing market) election
7th Sep 23, 9:00am
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David Hargreaves has a look at the housing market's prospects in the wake of some strong Auckland monthly sales figures and ahead of a pivotal (for the housing market) election
Stats NZ says the volume of residential building work dropped 2% on a seasonally adjusted basis in the June quarter - but non-residential construction rose
6th Sep 23, 11:18am
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Stats NZ says the volume of residential building work dropped 2% on a seasonally adjusted basis in the June quarter - but non-residential construction rose
BNZ economists had expected continued improvement in housing affordability but now say any improvement next year will be 'glacial' and affordability will start to deteriorate again in 2025
5th Sep 23, 9:52am
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BNZ economists had expected continued improvement in housing affordability but now say any improvement next year will be 'glacial' and affordability will start to deteriorate again in 2025
Latest Reserve Bank figures show fixed mortgage rates are in, with two year rates surging in popularity, but three year rates falling out of vogue again
4th Sep 23, 3:50pm
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Latest Reserve Bank figures show fixed mortgage rates are in, with two year rates surging in popularity, but three year rates falling out of vogue again
Auckland's largest real estate company says signs the 'heralded' recovery of the Auckland housing market is imminent can be seen in the high property sales and prices paid
4th Sep 23, 10:04am
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Auckland's largest real estate company says signs the 'heralded' recovery of the Auckland housing market is imminent can be seen in the high property sales and prices paid
CoreLogic says national house values nudged 0.2% lower in August, with the three-month change 'also easing' to a 1.8% fall. The average property is now worth $905,466, which is 13.2% below the peak level
1st Sep 23, 1:00am
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CoreLogic says national house values nudged 0.2% lower in August, with the three-month change 'also easing' to a 1.8% fall. The average property is now worth $905,466, which is 13.2% below the peak level
Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
31st Aug 23, 4:12pm
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Latest RBNZ figures show that specific mortgage loan impairments rose 12.1% in the past month, while total non-performing mortgage loans were up 5.6%
The latest ANZ Business Outlook survey shows rising confidence and business activity levels, with falling inflation indicators - 'Goldilocks is in the building'
31st Aug 23, 1:18pm
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The latest ANZ Business Outlook survey shows rising confidence and business activity levels, with falling inflation indicators - 'Goldilocks is in the building'
The number of new homes consented last month was down over 5% on the previous month on a seasonally-adjusted basis, according to Stats NZ
30th Aug 23, 11:06am
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The number of new homes consented last month was down over 5% on the previous month on a seasonally-adjusted basis, according to Stats NZ
National unveils tax policy
Simplicity Living says it is 'on a mission to provide thousands of Kiwis what’s already common overseas - quality, long-term homes for rent'
30th Aug 23, 5:00am
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Simplicity Living says it is 'on a mission to provide thousands of Kiwis what’s already common overseas - quality, long-term homes for rent'
'While there are risks on both sides of our house price forecast, we think the near-term skew is to the upside'
29th Aug 23, 2:50pm
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'While there are risks on both sides of our house price forecast, we think the near-term skew is to the upside'
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists