Posts by chris
Last ←Newer Page 1 2 3 4 5 Older→ First
-
Speaker: The CERA transition that no one…, in reply to Russell Brown,
I couldn’t not make a comparison with the well-funded change-the-flag roadshow. It really is about what those in power want discussed
Chin up, just yesterday the leader of the opposition proposed building a new anthem for use with the 35,000 capacity covered stadium. It’s understood that both will be completed in time for the British and Irish Lions tour in 2017. To the upstarts who would accuse those in central Government of being out of touch …pshaw!
On a more pragmatic note, I made a submission, it was hard going but that video helped a lot Hebe.
-
Polity: House-buying patterns in Auckland, in reply to Alfie,
I don’t know, have we reached peak bourgeois yet? The way I see it, that cartoon can only be appreciated by about 2/3 of the country tops, perhaps that’s the readership, but slapping “Foreign” into the title doesn’t change a damn thing for a whole lot of people. It’s not as if foreign owners enjoy a rates exemption or anything.
Serial renters have watched NZ home owners/ landlords huffing and puffing those prices for decades, homeowners haven’t really got reasonable cause for complaint, and yet my their voice is loud.
-
“the UK must not become a safe haven for corrupt money from around the world”.
That's a few centuries late but good on ’em!
-
Polity: Too much to swallow on the TPP, in reply to Andre,
The financial colonisation of our country is the logical conclusion
I’m fairly certain that happened about 150 years ago.
-
Polity: House-buying patterns in Auckland, in reply to Alfie,
I think what I’m getting at is that student can just be taken to mean an educational consumer. Ben Wilson’s a student. Grey Power were representin’ in some of my classes at Uni. With sufficient funds it’s one of the easier ways for immigrants to get a foot in the door – the cut price overseas investor category.
-
The narrative from a year ago:
So who’s buying?
In many cases, investors. About 8 per cent of purchases are possibly being made by overseas cash buyers, according to data from property information and analysis company CoreLogic. But of the rest, almost half the property that changes hands – 45 per cent – goes to investors.
Another 28 per cent of purchases are by people moving from one property to another.
The impact of Chinese investment on New Zealand house prices, especially in Auckland, has been a hotly debated topic. There is no official register of residential property sales to foreigners, but a BNZ-REINZ survey of real estate agents last year found they accounted for 8 to 9 per cent of total sales. Australians accounted for 22 per cent of all sales to foreigners, followed by Chinese (20 per cent) and British (13 per cent).
-
Polity: House-buying patterns in Auckland, in reply to Alfie,
I wouldn’t want to read anything into that.
But you did kind of, didn't you?
What interested me is that both people are listed as students on the electoral roll. WTF?
New Zealand Education™ - Big Business since 1989:
Nearly 100,000 international students chose New Zealand for their studies abroad in 2012, contributing NZ $2 billion (US $1.64 billion) to the economy and supporting approximately 32,000 jobs. And, a further 3,000 students were enrolled last year in offshore programmes operated by New Zealand institutions.
This makes international education a significant export sector in the country, and the government aims to see it bigger still, having set a target of doubling the sector’s value to NZ $5 billion (US $4.1 billion) by 2025.
Star Performer(23/1/2015):
In terms of intake, there was noticeable growth from China, India and Indonesia. China became the single biggest market for New Zealand education. Student enrollments from China went up by 2,978 or 12 percent, and 29.1 percent of the total international student spending also came from China.
-
OnPoint: Don't put words in our mouths, Rob, in reply to ,
Just to be sure I’ve got this straight. You are suggesting a heavy tax on real estate speculation in order to dissuade people who may be –
outbidding Australian buyers by $100,000 to $200,000 – and sometimes more – to secure the property.
in order to bring down property prices?
-
I just stumbled on this from April:
Alexander conceded he had previously advocated that this country “mitigate the effect of this unrestricted foreign buying of our houses and apartments on prices and societal cohesion by adopting Australia’s legislation”.
But there were concerns that the Australian system was not working or not being enforced and that “not only will prices continue to be pushed higher in main cities but that locals will find accommodation harder and harder to find simply because builders are very busy putting up complexes for foreigners (Chinese largely) which will never, or only rarely, be occupied”.
Say for a moment Labour just forget their current kefuffle, the offshore buyers, the Chinese, and in that capacity firstly acknowledge that this issue has been on the radar for quite some time time:
The Auckland region is projected to account for three-fifths of New Zealand’s population growth between 2011 and 2031, with an increase of 500,000 from just under 1.5 million to almost 2.0 million (medium projection). Auckland’s population is likely to have surpassed 1.5 million in the year ended June 2012. By 2031, Auckland region would be home to 38 percent of New Zealand’s population, compared with 34 percent in 2011.
Natural increase is projected to account for two-thirds of Auckland’s growth, and net migration (arrivals less departures) for the remaining one-third.
There is nothing new about this issue, we heard all about it last election.
The national average is one new home for every 2.4 extra people.
In Auckland it is much less than that, with one new home for every 4.3 additional residents […] According to Statistics NZ, this country has an estimated population of 4.433 million people, living in 1.675 million households. That’s an average of 2.65 people per household.
Labour have previously shown a capacity to approach the issue in a more socially responsible manner.
"And if they are just living off-shore and want a property they have a register. They are now looking at putting restrictions to prevent those people from buying existing houses and saying, ‘If you want a house in Australia you build a new one’.
“I think that’s something we should look at here.”
Andrew Little 9/12/2014
Despite the headlines the current Government have made little effort to disguise their feet dragging.
Statistics New Zealand figures show more than 21,000 new dwellings were approved last year, 26 percent more than in the previous year.
no captionThe Government says its housing reforms, including streamlined resource consent applications, have helped promote this.
Housing Minister Nick Smith said the increase in new home approvals should help overcome a shortage of 25,000 houses in Auckland alone, and he credits an accord reached between the Government and the Auckland Council.
Nick Smith 31/1/2014
The media and real estate industries are gleefully soaking in it.
Auckland’s housing market is flying.
Bernard Hickey 1/2/2015
By cherry picking a subsection of buyers Labour seem to have taken a step backwards in addressing the core issue – the sellers market. As an opposition party singling out buyers from a country with no opposition party this stance will have further legitimised any of the suspected trends Labour were attempting to target – weighted by the backlash from locals.
Labour can say “we’re just stirring debate”, Rob said:
Here’s my challenge my fellow travellers on the New Zealand left: just once, let’s have a discussion
But we’ve had this discussion, year in year out, We were having it in 2013, we were having it in 2010, we were having it 20 years ago. The Maori were no doubt having it 200 years ago and still are (comments):
I am Maori and have no problem with Chinese paying top dollar to buy NZ property. They are more welcome then the majority of the current European owners who stole the land from the Maori. I would much rather a purchaser than a thief.
ET
We’ve heard these debates and we’ve had them. Last election the KiwiBuild policy promised to build 100,000 new, affordable homes over 10 years.
Not to be outdone the Prime Minister said the Government would build 2000 houses over the next two financial years and would work with local councils on issues of land supply.
Houses and homes, homes and houses, like it’s 1951.
When the most pragmatic suggestion IMFAO to pressing issues is coming not from The Government, not from the leading opposition party, not from the usual media suspects but from a real estate agent then you can be fairly damn certain that your country is in suspect hands, on both sides of the chamber.
"What we should be doing is opening our doors to significant developers internationally who can come in and assist in fixing the problem by constructing high-rise apartments."
Hayden Duncan, chief executive of Harcourts
-
Speaker: What I learned in Class: Should…, in reply to Tze Ming Mok,
I think you’re showing your age.
Yeah, I must admit, I’m pretty old. Not to dispute your original point, as Rich said:
but it was (and is) a qualification for metalheadery
