Podcast Appearances
So that should eventually bring inflation back down.
And, you know, the thing, I guess, that's been maybe missing, if you want to put it that way, on the housing market has probably been a confidence factor, a sort of job security factor.
Maybe that's starting to come back.
But then, boom, along comes this Iran thing.
And that confidence factor is surely going to go missing again.
So, yeah, and that's going to be across the property market and the economy too.
So I think that's probably the thing in my mind mostly.
But...
definitely going to have an inflation impact and if it feeds through to those second round effects and it feeds through to inflation expectations then yeah the reserve bank will we'll definitely have to do something at that point so we're maybe not there yet but um yeah there's a lot to watch
other news or comment that we had as well and wrap up for today yeah just so we comment about the property market and part of that selective price and indices indexes releases rents and so just to note that the property rents remain really weak the stock measure that Stats New Zealand publishes which is across all existing tenancies a sort of slower moving measure but
was only up by 0.9 over the past year that's that's the lowest annual change and and stop measure of rents for at least i think it was going back 18 19 years that there was as far back as i could see in the series so
I mean, property rent's just really, really weak at the moment.
Great for tenants, I guess.
Not so good for landlords.
There's always that two sides.
But yeah, so there's not much inflation coming from the property market anyway, whether you look at rents, house building costs, property prices themselves.
It's all pretty soft.
And yeah, just to reiterate your comment about the Reserve Bank there, this is their absolute worst case position to be in.
You've got
You've got a sluggish economy that's not really showing much growth.