Does an exhortation beat analysis when it comes from an economist?
Now that the New Zealand Government has produced statistics showing a low overall investment in New Zealand residential property by overseas investors, but investment that’s concentrated in specific areas, Chinese international real estate website Juwai.com has weighed into the argument.
Statistics NZ said yesterday 3.3% of home transfers in the March quarter were to people who didn’t hold New Zealand citizenship or resident visas, up from 2.9% in the December quarter.
Statistics NZ will publish statistics on property transfers by New Zealanders & overseas people, starting on Thursday 7 June.
Statistics NZ’s quarterly calculation of ready-mixed concrete production shows a small slowdown nationally over the last 12 months and a bigger slowdown in Auckland.
Independent economist Rodney Dickens said in his first Ravings with Rodney column for the year the business confidence surveys which lead political & economic direction “have major political bias”, and backed that up with charts & statistics.