Jeremy Couchman // NZ Property Market update, among other things // Darcy Ungaro interviews Senior Kiwibank Economist.
Jeremy Couchman // NZ Property Market update, among other things. Darcy Ungaro interviews Senior Kiwibank Economist.
In The Wrath of Khan (1982), Spock says, “Logic clearly dictates that the needs of the many outweigh the needs of the few.” I can't help but suspect Spock was a closet poster-boy for Marxism. Well, for the greater good of financial stability, LVR restrictions which increased the minimum amounts required for home buyers and property investors, have been around now for a bit - the effect? Well it's hard to say as we have no way of modelling what the results would have been without this macro-prudential regulation. There have been many side effects and the death of the first home buyer was one of them.
Is the NZ property market heading for a soft landing, or has the hand-brake come on a little too soon. Regulation distorts traditional market signals and creates other issues - much like chemotherapy for cancer.
Jeremy Couchman joins us in part two of our interview.
Jeremy joined Kiwibank in 2015 following four years living in London where he was involved in econometric analysis and forecasting for a national news publisher. Prior to London, Jeremy worked for various NZ government departments including The NZ Treasury, the Ministry of Social Development and Statistics NZ. At Kiwibank, Jeremy is responsible for producing economic forecasts and regular commentary on economic matters. Jeremy holds a master’s degree in Applied Economics from Massey University.
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