Why the Government and the RNZ Want Your House Price to Go Up | Ep. 190

In this episode, independent economist, Tony Alexander joins the show.  Tony is one of the most respected economic writers in the country and for almost 25 years was the Chief Economist at the BNZ. He has arguably written more than any other person about the New Zealand economy and our property market. During this episode, Tony argues that despite the rhetoric often heard from the government, the reserve bank and the treasury, they want your house price to increase. Why? Because higher house prices increase homeowners confidence.  And right now the New Zealand economy needs additional confidence to ward off or limit the economic impacts of a recession.  Falling house prices will conversely lead to a decrease in consumer confidence and make any recession potentially worse.  Increasing confidence will also benefit the coalition government in an election year. We also make mention of the Property Investor Quiz. If you've been an avid listener of the show, then you may be thinking about becoming an investor. If that's you, take the quiz.  This 7-question quiz will give you a 'yes', 'no', or 'maybe answer about whether you are in the financial position to invest in property right now. 

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