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Cyclone Gabrielle and the Auckland flooding are likely to be a major drag on the country’s economy and may have plunged NZ into a recession earlier than expected.
But is there a silver lining from this devastating event for our country’s shrinking economy?
In this week’s NZ Property Podcast, Kelvin Davidson and Nick Goodall make a case for the downturn coming to an end sooner than expected including:
- An expected boost in spending from the cyclone rebuild
- A sharp turnaround in migration figures
- Plus, first home buyers are taking a smaller share of the market. Is it out of choice or necessity?
Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email nick.goodall@cotality.co.nz or kelvin.davidson@cotality.co.nz
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