Categories
Property

Landlords Providing Social Housing | Negative Gearing Update

Mom and Dad investor are being forced to provide free social housing.

Categories
Economy New Zealand

NZ Business Confidence Crashes

Business Confidence in New Zealand has crashed.

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Economy Retail

NZ Retail Sales Crash

NZ Retail Sales have crashed by nearly 15%!

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COVID

20th August 2020 COVID Recovery Update (316)

A daily update on the recovery numbers for Australian and New Zealand.

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COVID Economy

Mandatory Covid Vaccinations In Australia

Mandatory Covid Vaccinations In Australia. Scomo’s No Jab No Play on overdrive!

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AUSPol

Over 15,000 People have Recovered in Australian and NZ (18 Aug Update)

Great News, over 15,000 people have recovered from Covid-19 in Australia and New Zealand!

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Economy

Negative Interest Rates for New Zealand

The Reserve Bank of New Zealand is considering Negative Interest Rates.

Categories
Construction

Missing Concrete Reinforcing

#Construction #Reinforcing #HeiseSays 1100 building in New Zealand has missing reinforcing of structural issues. References Widespread defective or missing concrete or reinforcing steel revealed https://www.rnz.co.nz/news/national/400919/widespread-defective-or-missing-concrete-or-reinforcing-steel-revealed?fbclid=IwAR2twuuUTM6PH30KhMjoivOOC1nA3rPifC8R1M7pYngYEGAP_SP9PJltn-0 A tale of two steels: Auckland’s Seascape vs Wellington’s Dixon St project https://www.rnz.co.nz/news/national/378085/a-tale-of-two-steels-auckland-s-seascape-vs-wellington-s-dixon-st-project

Categories
Economy

New Zealand Slashed it’s Interest Rates

#NewZealand #CashRate #RBNZ The Reserve Bank of New Zeland has slashed its cash rate beyond forecasts by 50 basis points. Let’s look at the statement of from the Bank and then get an overview of their economy. References https://tradingeconomics.com/new-zealand/interest-rate https://www.rbnz.govt.nz/

Categories
Property

Off Plan Buyer Loses $60k

#RealEstate #OffPlanPurchase #NewZealand A student has lost $60k purchasing an apartment off the plan because she is unable to obtain funding at settlement. Sadly people need to learn that prices do not always go up. References Sugartree apartment buyer decries $60k deposit loss, developer says ‘hard lesson to learn’ ‘Sadly, the agent was my mum’ […]