EDITORIAL

EDITOR’S LETTER

What does the future hold?

Change... it’s the word of the

moment. Indeed it’s a word all mortgage advisers need to lock in and think about.

One of the biggest changes is with our government. It’s unclear what the odds on a Labour/NZ First/Greens government was, but if you could bet on it, and did, then the return would have been handsome.

When you review the commentary around Labour’s win a key theme is that our new government is potentially quite radical.

NZ First leader Winston Peters makes that clear when he says: “Far too many New Zealanders have come to view today's capitalism, not as their friend, but as their foe... And they are not all wrong."

The new government has campaigned on changing how the Reserve Bank operates. What impact this will have on interest rates is unclear at this stage.

But it is also determined to slash immigration numbers. Currently, they been running at more than 70,000 annually (the equivalent to a new Rotorua each year).

There is a clear link between immigration and house prices, so you can expect prices to cool and clearly sales volumes will fall, too.

But change goes beyond the political. This was a clear theme from many of the speakers at TMM’s first-ever conference held in Auckland last month.

BNZ chief economist Tony Alexander’s key point was the economic tide was changing and CoreLogic head of research Nick Goodall showed how the housing market was changing.

Of course the other area of change is regulation. Delegates were given a good outline of what is happening in this area and the things they need to think about to start preparing for change.

Amongst all this change is that TMM will continue to deliver information to help you understand the changes ahead.

Philip Macalister Publisher

PUBLISHER:

Philip Macalister

GENERAL MANAGER EDITORIAL & OPERATIONS:

Adrian Gallagher

SENIOR WRITERS:

Miriam Bell

CONTRIBUTORS:

Susan Edmunds Paul Watkins Steve Wright Jonathan Flaws

GRAPHIC DESIGN:

Jonathan Harding

ADVERTISING SALES:

Freephone: 0800 345 675 Kelly Thorpe kelly@tarawera.co.nz

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Dianne Gordon Phone 0800 345 675

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The NZ Mortgage Mag is published by Tarawera Publishing Ltd (TPL) in conjunction with the Professional Advisers Association. TPL also publishes online money management magazine Good Returns www.goodreturns.co.nz and ASSET magazine. All contents of The NZ Mortgage Mag are copyright Tarawera Publishing Ltd. Any reproduction without prior written permission is strictly prohibited.

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