PM wants NZ to get behind development, stem tide of Kiwis leaving for Oz
National leader Christopher Luxon has told his party’s annual conference that the country needs to “say yes” more.
Addressing about 550 delegates, MPs and supporters at the Air Force Museum of New Zealand in Christchurch yesterday, Luxon bemoaned “activists” who opposed housing developments, agriculture, cruise ships and mines.
How stupid are you sleepy Hobbits?
This Government amputated State spending because they believe as a matter of far right economic dogma that the market will step in and do it cheaper, but the opposite has occured, we are 3 huge sparsely populated Islands and with such low population density, the free market dynamics of competition don’t work and the State HAS to be the 40% foundation stone – this Government has thrown that belief out the window and has caused a cascade of collapses…
Rents fall for first time since 2009
Rents have fallen on an annual basis for the first time since late 2009, property research firm Cotality says.
Its latest data points to an update from the Ministry of Business, Innovation and Employment, which showed national median rents in the three months to May were down 0.3 percent from the year before.
It follows reports of drops in the price being asked for advertised rental properties.
Cotality chief economist Kelvin Davidson said it was a notable change after big rental increases between 2021 and 2023.
“I think it’s quite significant. There aren’t many periods in the past where rents have fallen. The latest numbers are only down slightly but you have to go back to 2009 to find a period where annual rental growth on these numbers has been negative and before that it was the late 1990s. So around the Asian financial crisis and the GFC.”
He said it showed a shift in the market.
The grim reality of WHY rents are dropping is terrifying.
Bernard Hickey points out renters simply don’t have the money as homelessness explodes…
- inflation is rising back towards 3% later this year from 2.5% early in 2025, with prices of ‘essentials’ ie food, rent, rates, electricity and petrol rising twice as fast as disposable income for renters;
…there are 28 000 less jobs…
…70 000 Kiwis have fled overseas and the economy is flat lining BECAUSE of this Government’s economic policies!
The Economy is so damaged from National’s 2024 construction costs that the knock on effect has been devastating.
Business investment is now so weak that banks have not lent any net new money to non-landlord businesses and farmers since May last year!
READ THAT AGAIN!
Business investment is now so weak that banks have not lent any net new money to non-landlord businesses and farmers since May last year!
Jesus wept that is destructive.
Add that alongside to the Centrix report this month that showed the cost of the Government’s shutting down of construction saw over 12 000 jobs gone in a year!
The incredibly negative impact on the economy from this Government’s ideological experiment has borne a bitter, bitter harvest and no amount of of ‘we are fixing Labour’s mistakes’ can gloss over the fact that these negative economic conditions that we are experiencing ARE THE DIRECT RESULT of National’s own policies.
The ONLY thing that National are desperately holding onto now is selling citizenships to the mega wealthy and changing the Overseas Investment rules to allow Trans-National’s to exploit the housing market!
Dita De Boni reports that The Government is trumpeting the fact that 215 applications have so far been received for the rejigged Golden visa categories, with $1 billion in new money landing this year if all those who applied are approved.
Is this what we have become?
A country selling citizenship to multi-millionaires to prop up our economy?
The changes Winston has announced is to acquiesce to these 215 multi-millionaires…
Winston Peters expects a change impacting the foreign buyers ban will be announced this year, but the New Zealand First leader denies his party is “softening” its approach.
Consultation is under way within NZ First and any changes will have to go in front of the party’s coalition partners for consideration before any Government policy is confirmed.
Prime Minister Christopher Luxon has publicly said conversations are ongoing about allowing foreigners to purchase property here.
To get the green light to buy homes here, NZ First believes foreigners would need to make a significant investment to the New Zealand economy. The party also does not want to disrupt the housing market.
The Herald understands no proposal has yet been put before associate Finance Minister David Seymour, who has responsibility for the Overseas Investment Act.
…this Government has run out of economic ideas and is now trying to sell citizenship’s to prop the economy up while changing our Overseas Investment rules and yet no one seems to be aware this is happening because we have a dumbed down Seven Sharp and a NZ media built upon properly speculation advertising.
Why aren’t any of you seeing this?
Look, I appreciate that most of us are woking our fingers to the bone just trying to keep ourselves and our whanau above water, but the implications of 215 multi-millionaires buying their way into NZ and suddenly changing the Overseas investor rules are obviously linked in a very dangerous way here.
You have a desperate Government willing to allow a global elite of multimillionaires buy citizenship and then change the rules of overseas investors.
This isn’t about Labour borrowing for a once in a century pandemic anymore, this is the bitter harvest of the 2024 cuts to public investment into infrastructure!
This Government are rich pricks whop don’t give a fuck about you because they are wealthy, and they are sorted!
This Government are rigging the election to disfranchise voters of the Left!
Why are you allowing them to manipulate your post covid bitterness at Jacinda, Māori, vaccines and Trans to gift the corporations such naked power?
Get off your knees to the wealthy Kiwi.
Get off your knees!
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https://www.nzherald.co.nz/business/why-is-the-economy-still-so-sick-has-the-government-got-our-prescription-wrong-liam-dann/3UB4UHNROVFTPAOZJLAO5ZBCFA/
Headline says it all really, thank you National and your CoC.
Quite a few of the Ministers in this vile Government were open about travelling to the UK to meet with the Tories and their associated “think tanks” prior to election.
So they’ve come away “ignoring” the absolute ruination of the UK economy by the Tories. Net capital outflow to the US ballooned while the State and small / medium businesses were deliberately crippled by spitefully targeted unnecessary austerity.
Enormous leaps in poverty, homelessness and child hunger. The disabled literally commiting suicide as they couldn’t access support.
Sound familiar?
Populist rabble rousing resulting in the self inflicted wound of Brexit?
Everyone knows NZ is fucked if we try and pull some Nationalist trade policy bullshit. So the Nats & ACT (Associates of Child Touchers) thought they’d revert to type and attack Maori to get the blood flowing in the clagged on NZ racists. Job done.
So they had ideas, not original ones, just really shit ones borrowed from Upper Class Toffs who love kicking the Working Class.
You can tell a lot of our current Ministers wish they were truly posh, not Antipodean farmer money posh. Willis and Collins in particular, who are currently having a “Who can best channel the ghost of Margaret Thatcher” competition. Shame one of them sounds like Lynn of Tawa, she can’t carry it off.
If we are looking at UK the current Labour Government has fallen in popularity and is now sitting at 27 per cent ..The fighting amongst themselves has resulted in expulsion of four and anger in many others .All this after a year how will they be after another 4 .Not good for the country or the party
Even on a bad day UK Labour still way better than the UK tories
Nic and Judith two of the sick women who are doing their best to put women at the bottom of the heap .Even Seymour id doing his best to turn Women into breeding cows by regulating ECE changes to make it quicker for women to get back to work so the rich pricks can squeeze more out of them .For those of you who dont know calves are taken from the mother in the first 4 days .Seymore seems to think that kids should be raised at some cheap shit kid farm down the road .Mum picks them up on the way gives them a quick bath and a feed then off to bed .The kid will never really know who its real mum is .
This is the party whose claims of economic expertise are so risible they have eroded public trust in experts.
This is the party who are such economic ass-clowns they can’t produce 3% growth one quarter in twelve, much less a sustained average. They are so useless they consistently lose that contest to the actual ass-clowns.
This is the party who, having absolutely failed due to cult-like belief in austerity, are touting a ‘cleansing recession’ – certainly a more realistic goal than growth under their mind-bendingly stupid contractionary policies during a recession.
Wake the fuck up you pathetic losers – the public have had enough of your shit.
Non Zilch,, thatcher, was her own kind of, bully, in a male dominated realm, of spanked arse Cambridge and all those Dickensian shocker places of education, even today, find a bully boy girl dormitory in the scools of privlage. E h!, the xmas barbie, all sort of happenings occur around those barbie!s, and is a NATIONAL Barbie, going to arise,, to keep defending the shame they inflict on our people, and their god profit economy surplus, as the homeless, like them, leave us disenfranchised.
They (“government”) need to consider what they said no to which helped lead to this dismal situation.
More nonsensical rhetoric, clearly those leaving said no to his “opportunities”.
Mining comparisons between here and Australia are deluded. Instead of bemoaning “activists” he should consider how beneficial the lobbyists he serves are for the public.
This country has a “finance minister” who can be mistaken for being merely a motivational speaker. Like this speech everyone else is at fault for not thinking positively. Unsurprising if you’re facing deteriorating conditions and not in a privileged bubble. One can find economic commentary also in this vein.
His “opportunities”: no novel far-sighted solutions, yes to short term scrapping the bottom of the barrel. The best this lot can achieve is embarrassment.
If only National and ACT being hopeless meant that Labour and the Greens were actually any good.
Now this. This is what happens when you drive our police force off to Aussie, you rob Peter to pay Paul and Peter suffers…
https://www.nzherald.co.nz/nz/christchurch/community-outrage-over-rural-police-cuts-in-canterbury/YZCAUOJF25H6XOG7H5JUALLK7U/
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