Is NZ ready for $10b of Chinese cash about to drop on property market?

Is New Zealand prepared for the big wave of Chinese cash heading our way to invest in properties ranging from luxury homes lapped by the Waitemata Harbour to Auckland-wide retail, industrial and commercial…

Source: Is NZ ready for $10b of Chinese cash about to drop on property market?

I find the coincidence astonishing that our government does not seem to be interested in regulating property prices while council rates are bound to property valuations and many politicians are in real estate.

I wonder why any politician would be interested in solving this housing crisis. Real estate revenues would go down, so would rates, all while Auckland at least is already having rates issues and budget problems.

The Productivity commission did a report in 2012 and outlined many issues, actually a very interesting report to read. Another updated draft report was just released two weeks ago and contains pretty much the same findings. Yet again I note that the issues have not changed in 3 years, are well documented and yet not addressed.

This leaves me with some assumptions:

a) Politicians have not read the report

b) Politicians have read the report but not understood it

c) They have read and understood it but are not interested in it

d) They have not read it and are not interested in it

Chinese investors are only interested in NZ property because of the good return. If there was no money making in property, the issue would go away.

However, I still like to make a difference between Investor and Speculator. The first one supposedly builds something up and creates value and amenity. The latter ones are just after the money without adding any real benefit to the community. So at least my idealistic thinking.

Related Posts

Pieces of salada crisp bread, broken up and stacked up

SALADA

I have been a scout leader for more than a decade now and one of the things we learnt and what we try and teach the kids is SALADA. This is an acronym for “Stop Assess Listen Allocate Do Assess again”. It is also symbolised by a piece of the brand salada crisp bread that you try and stuff into your mouth in one big piece – which does hardly work – without pain that is. So the lesson from this is also that you need to break it down into chunks to eat it. Just like you have to break down your task into manageable chunks to do them. This aligns with the “Allocate” in SALADA, ie break it up and give your team members jobs.

COP26 – Just another talk? Up to you!

It’s that time of the year again – ground hog day – another global leader meeting to tackle climate change. Or to talk about tackling climate change.
Do whatever you can – at home or work, in your job, in your projects.
It’s up to you, not anyone else.

Horrible Hybrids – A reminder

Michael Braungart and William McDonough called them “horrible hybrids” in their 2002 book “Crade to Cradle”. Things that are fused together from different materials that cannot be separated and thus not recycled.

Soybeans in a supermarket in China

What to eat those days?

Being married to a vegetarian and not cooking extra at home, the family tend to eat vegetarian – with lots of soy products. So this post is more of a collection of thoughts around soy products. And yet again there’s confusing information out there. The general perception is that soy is good for you: Non-animal, vegan, high in protein, etc.

But then you do a bit of research and googling and find quite contradicting information as well.

Kiwibuilds 100,000 homes progress

The average build numbers according to my article published in 2018 would have been ~30,000 homes by now. The actual stats are somewhat lower than that: 934 – yes: 934. Even if we would say that starting up is hard and the initial output would have been lower, would we maybe not have expected 20,000 homes? But we got 934.

Leave a Reply