David Hargreaves

It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%

It's now 12 months since mortgage interest rates bottomed out. Anybody who fixed for a year and is now looking to refix will not enjoy what comes next - namely increases in monthly payments of close to 50%

Following the moves of ASB and ANZ to halt high LVR lending, Westpac now says it won't be offering pre-approvals for those with low deposits

Following the moves of ASB and ANZ to halt high LVR lending, Westpac now says it won't be offering pre-approvals for those with low deposits

Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month

Latest Reserve Bank figures show that while first home buyers are hanging tough, May saw the lowest total number of mortgages approved for a May - barring the pandemic affected May 2020 month

Two of the country's largest banks have now closed their doors for the moment to low deposit mortgage customers

Two of the country's largest banks have now closed their doors for the moment to low deposit mortgage customers

ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'

ASB economists predict that consumer spending growth 'will weaken to anaemic levels later this year'

Country's largest bank turns off the tap on mortgage lending to those with deposits under 20% again

Country's largest bank turns off the tap on mortgage lending to those with deposits under 20% again

David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches

David Hargreaves thinks surveys might be a more useful indicator of trends ahead than we might sometimes give them credit for - but fears we may 'survey ourselves to death' as a potential recession approaches

Peter Goodfellow has announced he won't seek re-election at the National Party's annual conference in August

Peter Goodfellow has announced he won't seek re-election at the National Party's annual conference in August

Fonterra's now signalling a farmgate milk price of $9.50 for the recently started season - which could be a new record

Fonterra's now signalling a farmgate milk price of $9.50 for the recently started season - which could be a new record

Following what's set to be a record milk price for the season just finished, ASB economists think the new season could see the price hit double figures for the first time

Following what's set to be a record milk price for the season just finished, ASB economists think the new season could see the price hit double figures for the first time

Fletcher Building says residential 'backlog' will support robust market volumes for next 12-18 months; plasterboard shortage to end by October

Fletcher Building says residential 'backlog' will support robust market volumes for next 12-18 months; plasterboard shortage to end by October

As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective

As the world faces the prospect of recession, David Hargreaves sifts through the events of the past two years in an attempt to put things in perspective

Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ

Westpac McDermott Miller Confidence survey at lowest level ever as pessimism bites in NZ

ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July

ANZ economists have changed their call and now see the Reserve Bank making another two double-jumps in the OCR at the next two reviews; not ruling out 75 point hike in July

The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth

The economy shrank in the three months to March, contrary to the expectations of the Reserve Bank, which had forecast 0.7% growth

FMA survey shows 1-in-10 Kiwis holding crypto assets, while direct share investment is now more popular than term deposits

FMA survey shows 1-in-10 Kiwis holding crypto assets, while direct share investment is now more popular than term deposits

Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US

Independent global economic researcher Capital Economics is now picking house price falls in New Zealand, Australia, Canada, Sweden, the UK and Norway; flat prices in US

Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%

Statistics New Zealand says food prices rose a seasonally adjusted 0.8% last month, with the annual rise climbing to 6.8%

Cabinet reshuffle: Faafoi goes, Mallard goes as speaker, Williams out as Police Minister

Cabinet reshuffle: Faafoi goes, Mallard goes as speaker, Williams out as Police Minister

NZIER's latest consensus forecasts show GDP growth in future years of only about 2%, while inflation's expected to now be more persistent

NZIER's latest consensus forecasts show GDP growth in future years of only about 2%, while inflation's expected to now be more persistent

NZ Super Fund sees potential investment opportunity 'to be significant' with over $1 bln of land and vertical development opportunities over the next decade

NZ Super Fund sees potential investment opportunity 'to be significant' with over $1 bln of land and vertical development opportunities over the next decade

This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case

This week's release of March quarter GDP figures is likely to reflect the impact of the surge of Omicron - but the immediate prospects are for a future slowdown in any case

David Hargreaves sums up the first (nearly) six months of the year and outlines the big issues, hopes and worries for the rest of 2022

David Hargreaves sums up the first (nearly) six months of the year and outlines the big issues, hopes and worries for the rest of 2022

Amendments to the troubled credit rule changes last year will come into force on July 7, but the NZ Bankers' Association says the 'rushed' attempt to fix the problems won't make things easier for would-be borrowers

Amendments to the troubled credit rule changes last year will come into force on July 7, but the NZ Bankers' Association says the 'rushed' attempt to fix the problems won't make things easier for would-be borrowers

Reserve Bank outlines sale process for the bonds it bought as part of the quantitative easing programme at the start of the pandemic

Reserve Bank outlines sale process for the bonds it bought as part of the quantitative easing programme at the start of the pandemic