Tag: Real Estate

James Shaw’s Commencement Debate Speech

Speech – Green Party Ki a koutou ku hoa Premata, huri noa i te Whare, ng mihi o te tau hou ki a koutou katoa.Commencement Debate Speech James Shaw – 9th February 2016 E te Māngai o te Whare, tēnā koe. (Mr Speaker, greetings to you.) Ki a koutou ōku hoa Pāremata, huri noa i te Whare, ngā mihi o te tau hou ki a koutou katoa. (To all of you my Parliamentary friends, across the House, happy New Year.) Mr Speaker. Today, I want to talk about leadership and I want to start by talking about a subject that many National MPs will become very familiar with next year. I want to talk about retirement. Superannuation One of the big challenges the Government has promised they’re not going to fix is superannuation. Most of the people in this room know the numbers. In the next few decades our population will age and retire. Our tax revenues will go down because there will be fewer people working. Our healthcare costs will go up. And our superannuation commitments will double to $25 billion a year by 2028. We know that the Prime Minister is very relaxed about all of this. Nowadays he’s so relaxed I wonder if he’s got a special dispensation from the Associate Health Minister. Former Finance Minister Michael Cullen was not so relaxed. That’s why he set...

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Auckland in the world’s top 20 most dynamic cities

Press Release – JLL AUCKLAND, 5 February 2016 Auckland has appeared in the top 20 of the worlds most dynamic cities in JLLs latest City Momentum Index (CMI).Auckland in the world’s top 20 most dynamic cities AUCKLAND, 5 February 2016 – Auckland has appeared in the top 20 of the world’s most dynamic cities in JLL’s latest City Momentum Index (CMI). The city’s ongoing development of the Wynyard Quarter, the proposed City Rail Link and healthy innovation ecosystem are amid several contributing factors that have supported Auckland’s position (20th) among the world’s ‘most sustainable and liveable cities’. JLL’s City Momentum Index (CMI), now in its third year, tracks the speed of change of a city’s economy and commercial real estate market, identifying those cities which have the most dynamic urban economies and are adapting most rapidly to the imperatives of technological and infrastructural transformation. JLL’s report covers 120 major established and emerging business hubs across the globe, the Index measures a city’s short-term socio-economic and commercial real estate momentum (over a three-year horizon) in combination with measures of ‘future-proofing’ – whether a city has the essential ingredients to ensure longer-term sustainable momentum in terms of education, innovation and environment. Global Cities Advisor and Chairman for JLL’s Cities Research Center, Greg Clark says, “Auckland has revolutionised its urban form to become an intensifying, innovative city that offers a complete set...

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Top Ten Predictions 2016

Press Release – Colliers International In our 2016 predictions for New Zealands property market we discuss views on market demand, politics, planning, emerging investor groups, how the office, retail and industrial sectors will fair and our opinions on the ever popular residential, hotel …Top Ten Predictions 2016 In our 2016 predictions for New Zealand’s property market we discuss views on market demand, politics, planning, emerging investor groups, how the office, retail and industrial sectors will fair and our opinions on the ever popular residential, hotel and agribusiness and rural sectors. 1. Investment demand increases Post-GFC global economic and financial management by Reserve Bank governors has driven down cash and bond yields, propelling property to the forefront of decision making for ‘yield hungry’ investors. The low inflation, low interest rate environment with buoyant business activity has produced a ‘snowball effect’ on value growth that has picked up speed and will not slow down in 2016. Comment by Gareth Fraser, Director, Investment Sales: Demand for commercial investments and add-value opportunities continues to accelerate across Auckland. We are seeing unprecedented yields being achieved for investment grade properties in the commercial, industrial and retail sectors. Our auction clearance rate at 73% is at its highest level ever. Commercial investors continue to compete for properties and chase yield. This trend will only continue for 2016 given historically low interest rates. 2. Politics and planning...

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Foreign buyers ban will achieve what Govt failed to

Press Release – New Zealand Labour Party Phil Twyford Housing Spokesperson 12 November 2015 Foreign buyers ban will achieve what Govt failed to Labours Members Bill to ban foreign buyers from purchasing existing homes will achieve what the Government failed to in its Trans Pacific Partnership …Phil Twyford Housing Spokesperson 12 November 2015 Foreign buyers ban will achieve what Govt failed to Labour’s Member’s Bill to ban foreign buyers from purchasing existing homes will achieve what the Government failed to in its Trans Pacific Partnership negotiations, Labour’s Housing spokesperson Phil Twyford says. “The Government should adopt the Overseas Investment (Protection of New Zealand Homebuyers) Amendment Bill and get New Zealand the carve out Australia secured through its negotiations. “The sovereignty of the New Zealand Parliament should never have been traded away and this Bill is a case in point. “Opinion polls show New Zealanders overwhelmingly want non-resident investors stopped from buying homes here. “Labour isn’t against foreign investors but inviting overseas speculators to trade in Kiwi homes for capital gain is entirely non-productive. It produces no jobs or exports, and pushes up house prices beyond the reach of first homebuyers. “In the past year in Australia, a similar policy as resulted in $30 billion worth of overseas money building new homes there. My Bill will result in foreign investors channelling their capital into the building of new houses in...

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Americans were biggest buyers of NZ dairy land in 2013-2104

Article – BusinessDesk Oct. 13 (BusinessDesk) – Americans were the largest investors in New Zealand dairy farms in 2013 and 2014, according to analysis of Overseas Investment Office decisions by KPMG. Americans were biggest buyers of NZ dairy land in 2013-2104 By Fiona Rotherham Oct. 13 (BusinessDesk) – Americans were the largest investors in New Zealand dairy farms in 2013 and 2014, according to analysis of Overseas Investment Office decisions by KPMG. US investors accounted for 54 percent of land sold and 27 percent of the total $297 million paid. While 26 OIO decisions were approved during the period, only 18 disclosed the consideration paid. KPMG partner Justin Ensor said the report shows there is a common misconception that there’s a thin market – comprised mainly of Chinese and Hong Kong investors – who are buying New Zealand dairy land. “In reality, though the market has a broad base of investors,” he said. For example, when KPMG analysed OIO approvals two years ago, Germans had bought a lot of dairy land in Southland, he said. China accounted for only one of the 24 transactions for dairy land approved by the OIO – that was Shanghai Pengxin’s acquisition of a controlling stake in Synlait Farms in Canterbury, which accounted for 12 percent of hectares sold and 21 percent of the consideration paid during the two-year period. Sweden accounted to 6.1...

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