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New Zealand Gross Domestic Product (GDP) rose 1.6 percent in first quarter of this year, latest figures show.
In an announcement on Thursday, Statistics New Zealand confirmed GDP, a measure of growth in national outputs, rose 1.6 percent during the March 2021 quarter.
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Read more: New Zealand GDP up 1.6 percent in latest figures
- Article: https://www.newshub.co.nz/home/money/2021/06/new-zealand-gdp-up-1-6-percent-in-latest-figures.html
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The Reserve Bank is looking to restrict lending to house buyers whose debts outstrip their income - a tool known as debt-to-income (DTI) ratio limits.
Finance Minister Grant Robertson has agreed "in principle" to allow DTIs, which the Reserve Bank has described as "likely to be the most effective additional tool" to help stabilise ballooning house prices.
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- Article: https://www.newshub.co.nz/home/politics/2021/06/debt-to-income-limits-reserve-bank-looks-to-restrict-lending-to-house-buyers-whose-debts-outstrip-income.html
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So now it will only be investors that buy houses, increasing the price of the housing market and not those that are needing the house in the first place... right!
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If you're wanting to buy a home, you might need to lower your expectations about what you can afford after the Government gave the Reserve Bank the power to cap mortgages against your income.
That means the amount you're allowed to borrow could be cut.
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- Article: https://www.newshub.co.nz/home/money/2021/06/broker-warns-poor-will-get-poorer-if-government-introduces-debt-to-income-caps-to-stop-monster-mortgages.html
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Wellington retailers in the central shopping corridor are scared a plan to ban cars from the area will cause businesses to close or abandon the area.
What is known as the Golden Mile - Lambton Quay, Manners and Willis Streets and Courtenay Place - will only be open to buses, cyclists and pedestrians.
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Read more: Wellington businesses anxious over Golden Mile car ban plan
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-businesses-anxious-over-golden-mile-car-ban-plan.html
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Wellington is moving ahead with plans to ban cars from four main "golden mile" streets - Courtenay Place, Lambton Quay, Manners and Willis Streets.
The streets will only be open to buses, cyclists and pedestrians. Side streets will also be closed off where they intersect with them.
Car parks would be removed and footpaths widened, and Midland Park on Lambton Quay would also be expanded.
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Read more: Wellington to ban cars from city's Golden Mile streets
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/wellington-to-ban-cars-from-city-s-golden-mile-streets.html
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Analysis - Is New Zealand navigating the China-West, politics-trade relationship in a craven way? Increasingly that seems to be the view from overseas, and especially Australia.
New Zealand's relationship with China has been in the spotlight while Scott Morrison has been meeting Jacinda Ardern in Queenstown
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Read more: Australia turns up heat on NZ's relationship with China
- Article: https://www.rnz.co.nz/news/on-the-inside/443769/australia-turns-up-heat-on-nz-s-relationship-with-china
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New Zealand has the least favourable view of the United States of any country a new survey shows.
US nonpartisan fact tank Pew Research Center has released the results of a new survey of 16 populations around the world, finding an overall uptick in ratings for the US, with high confidence in new President Joe Biden. The research saw 16,254 people surveyed across the countries between March 12 and May 26.
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Read more: New Zealand has least favourable view of US of any country in new survey
- Article: https://www.newshub.co.nz/home/new-zealand/2021/06/new-zealand-has-least-favourable-view-of-us-of-any-country-in-new-survey.html
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The Wuhan Institute of Virology kept live bats in cages, new footage from inside the facility has revealed, disproving denials from World Health Organisation investigators who claimed the suggestion was a “conspiracy”.
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Read more: WORLD EXCLUSIVE: Footage proves bats were kept in Wuhan lab
- Article: https://www.youtube.com/watch?v=ANRs4DojOek
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