Podcast Appearances
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.
You've got inflation going up in the meantime, driven by things initially that they can't control anyway.
What do they do?
So, yeah, that communication is going to be really interesting over the next couple of days.
You'd hope they sort of stick to the line and just say, look, you know, we're just monitoring.
We're not going to have any knee-jerk reactions.
But, yeah, the big question is how long it goes for and that they can't keep that line forever.
So it's going to be interesting to watch.
No, I think that's it.
I'm planning to watch.