The residential property market remains sluggish, with the latest figures from the Real Estate Institute of New Zealand showing sales in March were down 9.9% nationally compared to March last year.
In Auckland the number of properties sold was down 12% compared to a year ago and sales were also well down in the Bay of Plenty (-10%), Manawatu/Whanganui (-18%), Wellington Region (-18%), Canterbury (-8%) and Otago (-19%).
Auckland, which is the country's biggest market by far, recorded the lowest volume of sales for the month of March since 2010.
That is significant because March is usually the busiest month of the year for residential property sales and marks the end the summer selling season before the market starts to decline as it heads towards winter.
The figures suggest the market could be heading into a difficult winter selling season this year.
Volume increases were largely confined to the smaller regional markets, with increases in sales compared to last year posted in Gisborne (+9%), Taranaki (+3%), Nelson (+7%), Marlborough (+3%) and West Coast (+19%).
Prices were a bit more resilient with the national median price hitting a record high of $560,000 in March compared to $550,000 in March last year.
Record median prices were also set in Gisborne, Hawkes Bay and Wellington Region.
In Auckland the median price was $880,000, back where it was in November but still below the record price of $900,000 set in March last year.
The REINZ said 16% of all sales in March were by auction, down from 19% in March last year.
In Auckland, where auctions have been particularly strong, 29% of all sales in March were by auction, compared to 35% in March last year.
The charts below track the monthly volume of homes sold and median prices in each region.
No chart with that title exists.
Volumes sold - REINZ
Select chart tabs
Median price - REINZ
Select chart tabs
130 Comments
To be fair when most your local shop signs are in Mandarin, (with no English translation) and none of your neighbours speak English it does feel like you instead have moved overseas, however in Auckland you are also likely to see a lot of Korean, Thai, Indian signs. It is weird though when council street notices are more likely to be in Mandarin than Maori. Even the meth dealers have moved in and get caught at what used to be classic nappy valleys making large deals in the local supermarket less than 50m away from schools and retirement homes http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11836105 It is quite common to have there be Chinese only baby classes at the local community centre instead of inclusive ones now so even having a local centre for NZ families is more limited. If anything it really does depend on what part of Auckland you are in and quite striking differences between other sectors of NZ. NZ is far more likely to accept Chinese culture than Maori culture though. The NZ herald proved that when they only provided a localised Mandarin version (before they dropped their design for the waste they have now). It is not unnoticed that home owners in affluent burbs are often companies & non resident owners instead of the usual mix.Along with the tourist buses packed with recent travellers, literally seen staking out the SHA developments, each bus carrying over 30 people, (kinda spooked the locals though and the house quality was rubbish for the prices). Good garlic shoots & duck in the local Chinese supermarket though.
As you point out there are plenty of ethnicities visible in Auckland. I just don’t see the need to pick out one in a perjorative term. On one visit, my Brother in Law took a wrong turn from the airport and reported that he’d ended up in towel head land (Papakura). We were amazed, but put it down to his Queensland life. I’m wondering if we are as bad here? Maybe we are, but then we don’t swear in our household either, so are probably considered a bit precious and to be honest a bit hypocritical because I don’t like having openly lefties in my house.
When did the term Chinese or referring to the highly popular ethnic hotspot Chinatown in many cities which are both widely known and appreciated for the culture become pejorative. "A Chinatown is an ethnic enclave of Chinese or Han people located outside mainland China, Hong Kong, Macau, or Taiwan, most often in an urban setting. Areas known as "Chinatown" exist throughout the world, including Asia, Australia, the Americas, Africa and Europe." Or do you think being Chinese makes it pejorative? Because there is certainly many pejorative terms out there that you don't need to go fishing. It is almost as bad as saying that calling an Irish pub an Irish pub is being pejorative when recognition of the cultural importance is anything but.
However confusing different Asian cultures when they cover an incredibly broad & diverse set can be insulting, (much like confusing European ones). Even worse is the assumption by physical characteristics alone (quite often a problem in NZ as many NZders are Maori & only look like Pakeha). But using classifications for businesses are quite often different e.g. food, culture, country of registration, primary language, culture of owners etc. So a NZ Japanese sushi store, advertising in English could be a business owned & run by Koreans so the classification of the business may vary depending on the characteristics referenced. Chinatown would be a large collection of business sharing both Chinese ethnic & Mandarin linguistic features. There is not many other cases for other cultures having enclaves so widely known and respected, although many informal ones do accumulate. The Pakistan, Indian, Fijian spice stores may share many products, foods & recipes but the cultures are still quite separate. There was a good collection of spice stores, restaurants & Halal butchers etc in a couple of Auckland spots where it would be hard to find even one store further South, (let alone a group of stores sharing similar products & culture), but you get used to particular businesses grouping so they can get more customers & share a bit of the advertising costs. Does get hard though sometimes for NZders because the lack of english pricing, communication & labels in many businesses are more difficult to understand but in general most food suppliers have legal requirements they need to stick to.
It is not unnoticed that home owners in affluent burbs are often companies & non resident owners instead of the usual mix.
One of the drivers for discussions of land tax or similar. The suburbs (as in Vancouver) full of houses paying next to no tax (offshore income) while enjoying all NZ's social benefits. As usual, the working plebs pick up the tab.
https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transf…
Wonder what Vancouver you are referring Ricky boy
Nothing is cheap tax wise in Canada
Why so many move south
Ah, no worries, was a while ago I was reading the articles about the situation and I understand they've been working through tax adjustments since. The articles were basically describing a situation of expensive suburbs contributing no or next to no income tax while enjoying free or low cost Canadian education, healthcare etc. Father was back overseas working, mother and kids were in Vancouver.
Auckland is a drop of 2.2% compared to March last year. There are signs from the auction data that there has been less discounting and more sales at the higher end of the market. This would increase the median and so the actual decline may be greater than 2.2%.
The auckland market is so dependent on perception that the impact of this decline could be more significant in the rest of the year
The QV figures are commonly about 2 months behind the market, so this is the first sign of the correction in the market.
Given the pronounced upswing of 2014-2016, house prices across New Zealand have been sustained remarkably well.
Even Auckland, which had an enormous price surge through 2014-2016, shows only marginal price slippage - while its inner-city suburbs continue to grow in value.
TTP
I'm not an Aucklander so you may have to educate me regarding which REINZ region corresponds to the inner-city. I'd assumed it was 'Auckland City' which posted a ~6% reduction in median price vs last March. The only significant increase over the year is in Franklin with a 7.5% increase.
Looking at the stats in this report, it seems the cheaper districts are performing better than the more expensive areas, interested how you seem to interpret it as the opposite?
Yvil, two questions. Which market is NZ'S biggest by far? Which market is most subdued? Hope this helps address your ridiculous grievance. Banked equity from Auckland is being spent in provincial markets. This provincial boom will soon draw to a close as Auckland further weakens. I think it very much matters what happens in Auckland real estate. The entire economy is more dependent on it than ever.
The last sentence will have Taxinda quaking in her Ugg boots. Without that extra $4 billion incremental tax in every single year they have a stark choice, tax more, borrow or cut back on spending. I'm picking Tax or Borrow, with a bias to borrow up until the 2020 election with tax post election. I love the smell of political napalm in the morning.
Well if you are going to compare 2016 to 2017 that is 57,000 difference. I can say this is still a significant change.
Mar'16 - 493,000
Mar'17 - 550,000
Mar'18 - 560,000
Greedy investors doesn't like a small return. Which makes the bank term deposit giving a higher yield.
Would you prefer this headline:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=120…
FYI here is the actual headline form the REINZ report itself.
"MARCH SEES RECORD HOUSE PRICES FOR NZ DRIVEN BY REGIONS. VOLUMES DOWN YEAR-ON-YEAR"
I would say it's more balanced but I'm sure many will disagree.
Link below for proof.
Obviously, unlike yourself (or the herald) Greg Ninnes understands that estimates are subject to variance.
(rounded) Figures of $550k and $560k are not necessarily statistically different from one another.
Thus, better to go with the headline that is based on more reliable inference.
Interesting how many people are upset with my post. I don't "want" a certain headline, I read the REINZ report in full and I come to my own conclusions.
My original comment does, however, highlight the biais of this site. Another good example is the January REINZ report on this site which headlined "a big drop in sales compared to the previous month" so, to be consistent, the headline should now be "big lift in March sales compared to the previous month". Both are silly headlines of course, as you should only compare same months, yet this site compared January 2018 with December 2017 as it suited their bearish biais
I also read the REINZ report prior to the Interest article.
I came to the conclusion that Auckland market is flat and has been for several months now. So it's hilarious watching people on both sides trying to argue increases or decreases.
The market's reached a plateau, which is great. Now if only wages would catch up, we've got cheap immigration to blame for that one though.
CPI Inflation was 1.6% over last year, expectations are for it to increase
https://www.stats.govt.nz/information-releases/consumers-price-index-de…
https://www.rbnz.govt.nz/statistics/m14
https://www.rbnz.govt.nz/statistics/m13
Eh? Expectations are for it to decrease
https://www.bloomberg.com/news/articles/2018-04-16/inflation-goes-astra…
Unless you have a time machine there is no point looking at the past for investment decisions, you can invest now and look at what is going to happen in the future.
Or are you are the guy at the BBQ that raves on about how he played left wing for the Waipukurau under 17s rugby team 40+ years ago?
Auckland is the most prominent measure where most of the action, demand and supply shortage is ...Yes, the market has cooled down, but not frozen nor stagnant.
DGMs will always choose a reference point to suit their narrative - picking numbers without context suits them too .... We conveniently forget that A complete change in rules, buyers, and market sentiment has occurred since March 2017 and in the run up to the elections and further more after the change of Gov - this is not a Normal Year to make sensible comparisons of MoM and YoY.
However, the trend ( and the Median price in Auckland) since July 2017 till now is still rising - we are 6% higher since, and I expect the 12 months average July 17 - July 18 to be UP within the 2-3% range this year.
This Market has proved it is quite resilient to all the braking measures being imposed to slow it down. I think this is as good as it gets.
It is still possible to get low median prices this winter in the tune of negative 2-3% too, It is Winter afterall... But that does not constitute the Crash some are still dreaming off.
Watch the space.
Echo Bird, Boatman, you base your reasoning in isolation to any global financial shocks. An outlook that is heavily biased by your own financial exposures. I have no arguments whatsoever that a soft landing would be the most desirable outcome. However, since we are in the midst of a global bubble of historic proportions, I'm picking this is going to get ugly.
I think the best possible outcome would be ten years of stagnant house prices. When adjusted for inflation it makes houses one very poor performing asset class and one hell of an opportunity for FHBs to gain ground by saving and earning interest.
Whatever scenario plays out, FHBs would be wise to wait, save and observe what happens to others that leverage today in the hope of big gains tomorrow.
@retired poppy....... If you are addressing me ......... I have no financial exposures that will cause any shocks to us personally . We have no debt , a solid income from work and good income generating assets , and if they stop being good income generating assets, it will not impact on our living standards or our lives.
We will simply not have the surplus we currently have every month
You keep picking numbers and scenarios out of thin air RP ...
10 years stagnation ? ... LOL is that how long you think this COLs will last? .. Funny man!
Yeah, we all know that you are pessimistic and a doom and gloom believer .. and that is fine. But, What makes you believe that investment properties purchased 5, 7, 10, 20 years ago have poor return? -- we know that you don't have any experience on how to calculate such returns as we also know that you don't know how powerful money leverage could be.
So Please! ... stick to what you know !
Echo Bird, only a fool thinks that the price destination of houses rests with the Coalition. It's a growing surplus of unaffordable houses thats the real issue here. Its an affordability issue cultured under the previous Government and not something to hold the Coalition accountable for.
Every time there's a bust, the misinformed novice opportunist's is left holding the baby. They are the ones that ignored the signs. This time round it's you that holds the baby.
Wait I have no familiarity with mothering phrases, I understand 'up shit creek without a paddle' and 'holding the short straw', or even the 'last to enter the pub toilet', (another musical chairs type reference), but isn't 'holding a baby' a good thing? i.e. families pass a baby around to hold and each member who asks does some awkward cooing before the baby is passed back to the mum. Or is baby holding an abhorrent unlucky position to be in? I know I would feel more like that but that is due to being an antisocial bastard geek more inclined to hold a whiskey than a child, not the state of a normal person.
Yvil, again you can't get your facts straight. I think a 40-60% "Ireland style" crash over say a three-four year period cannot be ruled out. Timing when such a scenario will ensue is impossible. The important consideration is there is now a much elevated risk of one. Any debt ridden economy with global exposure to the missteps of other countries is a vulnerable one. I don't wish for a crash nor have I positioned myself to profit from one. It's just the world in which we live. It's now a time to position the finances for uninterrupted cash flow in a worse case scenario. Eliminate the debt.
My stance has not changed although, I'm getting the impression you're increasingly desperate to force me to change it. It's your stance that is changing.
TTP, Yvil, I'm still waiting for your proof where I commented there would be a 40-60% crash in real estate prices in 2018? You both spreading malicious lies in an effort to get me to go away. Talk about a couple of desperate REAs.
Of course I deny making this prediction. I recall John Wheeler making a 2018 crash claim several times. .
Excellent point, TTP.
I'm not sure about the last 5 years, but I'm pretty sure NASA launched an Apollo mission in 1972.
Oh, sorry. That's completely unrelated. Perhaps it is unwise to follow your lead.
Best we keep on topic, then.
The comment was 100% in the last 5 years.
Not 10 years between 2006 and 2016.
The last 5 years.
Hi Nymad,
People will remember you boasting that you are an econometrician - but, subsequently confessing that you didn't know the difference between cyclical and structural factors impacting on housing markets.
So much for any "substance filled response" from you, my friend.
TTP
I am quite fascinating how any realism is labelled 'Doom and Gloom Merchants' (DGM). It really is a wonderful tactic drawn from a Fox News approach to reality - namely give a group a title (same with MSM) and then extrapolate the opinions - for instance suggesting that 'it hasn't dropped by the 30% the DGM's said it would.
I wonder whether it would be more appropriate to label the advocates for further increases in market prices as 'PIE's' - Property: Irrational Exuberance (the term used by Greenspan to describe the share market bubble).
If anything the movement in opinion has been from commentators who were saying prices won't grow by more than 10% in the next year.
Agreed, Trump does it as well with his giving of names to people he doesn't like, Slippery Comey, Crooked Hillary etc. The CoL one that gets thrown about a lot is another one. Also why does TTP sign and address every post? It's ridiculous and annoying in its redundancy (maybe that's the point?)
Bubbles always last much longer than even the market bears believe they can. That is perhaps as classic a symptom of the psychological market cycle, as anything else.
The NZ housing market has so far been incredibly resilient. One could argue that NZ-ers belief in the value of their housing market is incredibly resilient too. Government has changed, and that has seemingly only contributed a moderate impact on price at this stage. But the drop in activity is still notable. Because they come along with several other indicators of NZ's economy slowing down.
The real bogey man haunting the NZ housing market is whether global inflation has truly returned and whether offshore borrowing costs will ever rear its ugly head, forcing higher mortgage borrowing costs. I don't understand how anyone can look at how precariously placed many home owners are in that respect. Huge mortgages, huge income to debt ratios and all their eggs in one basket. Of course, the higher borrowing costs may never materialise. Maybe inflation will remain elusive for another decade yet and the worst knock the housing market will experience is just another longer period of "consolidation" or low growth. Obviously, that would be preferable for the wider economy.
However, if you have planned your economic future based on the hope that interest rates will never rise, then you have left yourself in a very vulnerable position indeed. From my perspective, if interest rates rise for any reason over the next few years, all bets are off. Investors will be getting hit from every angle, rising costs, financial tightening, more regulation, no capital gains, no tax loop holes. Plenty of longer term landlords will be fine, but we all know that very few of the property booms new investors have been of this variety.
The bloom is certainly off the rose. But IMO only a change in one of the fundamentals will see a crash (i.e. rapid drop in migration or sudden hikes in borrowing). The concern should be because both of these things are completely possible.
https://tradingeconomics.com/new-zealand/indicators (there was no red on this report 2 years ago)
Are you still watching the WGTN market Ginger? I'm continuing to observe from the sidelines, watching houses go for $375k over RV in some areas, but regardless of the red flags in the economic outlook REAs are still playing the flute like a pied piper leading the over-exposed to the cliff. The moral compass of some people...
pin3cone We actually decided to take our money off the table and invest it elsewhere for now (not in any housing market), so whilst i'm still watching the Wellington market, we won't be looking to buy for at least 18 months.
Wellington house price growth was just into double digits 18-months or so ago, now it's back at single digits again and slowing. Sale volumes are down 18%. Several of the houses I was interested in sold for what I consider a discount (less then the asking price or trademe estimate).
The house I rent has an estimated value of around a million. The owner bought it in 2008 for $735k but ALL of the price growth has been in the last 2 years, the 2015 RV is $740k. He's spent upwards of 150k on a huge renovation, so over 10 years his house has given him around $115k. Average of $11.5k per year capital growth, and considering the mortgage costs it's not much to get excited about (he's only been renting it out a few years) and certainly nothing like the doubling in value seen in Auckland.
As i've said before, I don't actually think Wellington is particularly overpriced. The Welly market was flat and lack lustre for a long time after the GFC, and this brief 2 years of notable growth is something of a catch up. I expect that just like the Auckland heated market, eventually spread to the regions, so too will the chill. If there's an external shock, I may get a discount on a house in 18 months, if not, I still expect a buyers market and more wiggle room in negotiation, so pretty happy to wait it out.
It is good to be in a position where you can wait it out, (often that does not meet many families lifestyles so being in that position is quite lucky). Who knows you might even be able to build your own if none look suitable and inheriting old maintenance faults is always a risk with buying existing stock. I would tend to agree that taking a while to watch the market & run through all the data on locations, & see the next 10 year council plans solidify first before stepping into what could be a changing environment is a solid plan. Especially on an investment that carries such a long term effect on your life. At least short term investments (less than a decade) are not backed by reams of information that need to be read and reviewed first.
Those 10 year council plans do look like they are dead on arrival https://10yearplan.wellington.govt.nz/ http://www.our10yearplan.co.nz/ especially since it looks like Wellington spent more on marketing than content, again. At least Dunedin's one was Ok enough with sensible content, reporting & even engineering reports to peruse (more spent on cycling than the entire road network budget overall but otherwise straightforward infrastructure & crisis maintenance being chipped away at). Auckland's one was a very dark and depressing shocker, (with so much abuse & discrimination of those with mobility issues & disabled it made even me scream & cry for the future). Wait no, the amount Wellington spent on marketing should be refunded, a 10 year plan site with no detail on how rates are expected to increase by proposals, or even no detail on service costs like water increasing. Sigh why could they not just be clear to let you know what to expect on a financial and infrastructure level. Considering it all up waiting to see what shakes out over the next few months sounds like the better investment decision.
You do not need immigration to sell NZ property overseas, you don't even need to have sales to people, (trusts and companies would suit just as well), you only need it if you intend to have more demand by those new buyers to become owner occupiers. Higher interest rates again may only affect those with typical NZ mortgages, (again something which can be avoided). In all likelihood it will only be those who failed to plan appropriately and position themselves at risk of rising NZ rates, so many FHB would be in the firing line. Bit of a stuff up when those who need the housing affordability the most are the ones most affected by risks but that has always been the case. They would likely suffer as well from related job losses around that period and in general be worse off. But NZ does love to pay it's middle class families a benefit to go to private housing businesses then slag anyone needing a benefit for sickness, or work related reasons. The accommodation allowance, emergency housing allowance & WFF is a shambles that cheaply patches serious foundation fractures in NZ.
The fact that prices are at record levels, or within a whisker of previous records shows that the majority of sellers are not under pressure. From experience I would say that 90% of sellers or buyers would love to sell or to buy, but if they don't succeed it doesnt really matter.
For those confused
- House prices will continue to climb
- Interest rates will continue to fall
- Incomes will go nowhere
There is no alternative. We need to keep adding more debt to hold commodity prices up ... because underlying commodity COSTS are always increasing. If we dont hold prices up, things quickly unravel.
And then at some point not too far away, it all blows.
Unlikely to blow, more like a murmur. Planning, infrastructure maintenance & corporate apathy are pretty real and NZders often take a lot before they do anything. Even on a serious medical fault basis the likelihood of being sued has been taken away from NZders, so anything that seriously affects their lives will have them more likely to shoulder the weight then look at those responsible for it. They are being conditioned to have no power to dispute anything due to lack of access, risk to employment & lack of funding. Those hit hardest by any downturn are those with the least ability to do much about it. After all living wages even for necessary roles like medical staff, police and teachers is non existent. It is when the country cannot fund all the benefits (pension increases, WFF, allowances, supplements, and job seeker etc) which is when the wheels start coming off. When the government cannot put more debt on the taxpayer tab.
Its a global predicament - not an NZ issue. We are all past the point of affording our benefits - deficits are standard and have been for years - tomorrow has the tab covered.
Viable income rises arent actually possible (due to resource limits) so at some point no one will believes a persons/countrys ability to service ever greater (future) promises. Until then its run up the debt because mass default is the only possible outcome.
Ex Expat, that would be as dumb as an election year promise of unaffordable tax cuts with a backdrop of ailing infrastructure. This Government values honesty, promises and communication with the public about goings on.
Early in the Coalitions/Labours second term I would expect to see a comprehensive capital gains tax on property that excludes the family home. I believe there is strong support for such changes :) Note I said second term? Who has the public voted as their preferred Prime Minister? A real leader of change not a overseer of status quo.
Besides, what happened to the statement you made earlier this year "I support any tax as long as I don't have to pay it myself"
Its mind numbing when people swear allegiance to a party simply because of its brand colour and because it's what their parents always did. It's smarter to think about what's best for our country overall.
LOL, what second term RP? .... you surely do not believe that this CoLs will be elected again, do you?
The "country overall" doesn't need Noobs running a Gov, Doesn't need incompetent ministers stabbing in the dark and don't have a viable plan for the most urgent needs after 6+ months in power ...Just busy capitalising on photo opportunities ...
The imminent question today is : When will these noobs be replaced and who will they be replaced with ?.... any reserves on the benches?
Did you see the latest poll ... RP? I bet you just brushed that aside like any property report you hate to read ... eh?
http://www.nzherald.co.nz/politics/news/article.cfm?c_id=280&objectid=1…
LOL, we have only seen about 6 months worth of Blunders and Incompetence so far... we have another two and a half more years of prime circus material to watch ... It will become more interesting when the money runs out and when it's time to pay the piper after Jonesy come back with a kangaroo tail instead of rich investors.
CG tax is a ship wrecker, no one will buy it ... No matter what you and your party die hards propagate ... However, keep the good work, you never know, it could stick one day !...
Not sure about NZF, if they do what they've said they'll do in the regions then that will secure them some voters. The current polls show both Green and NZF up, Labour down and National up 1%.
Which bearing in mind apparently NZ is the laughing stock of the world, the next Venezuela, flailing from failure to failure, an embarrassment - choose your pejorative, flying in the face of all that "evidence" apparently the CoL would gain more seats and National would lose more should the election take place today.
ACT are a joke party, and their crumbs from the National table will surely end soon - but even with that massive Gimme seat the NZ Bigliest party can only muster 55 seats.
Certainly better than the 'there is no crisis', 'scientists are just reporting opinions', 'we need immigrant workers because all the NZ ones are on drugs and won't accept minimum wages' rhetoric. But you might want to recheck that optimism because MMP does rely on the wider distribution of NZ which is far more conservative & rural than the couple of large cities would have you believe. Even the large cities are dominated more by owners with millionaire homes in gerrymandered areas and as the saying goes the more money you have the more likely you vote conservatively (also backed by scientific data including a couple studies in the rapid change of values pre&post lotto winners which is particularly quick & interesting in how greed & current financial position drives principles). NZF is an odd case, how the transition to the next gen handles in the future will determine whether it will survive (the financials are the core of any party though and it really is marketing money & connections which drive that).
My parents vote NZF, and my siblings vote Labour, National and Greens. It makes for fun times at family gatherings.
If you look at the distribution of wealth, it's definitely National, NZF, Greens and Labour, in descending order. The NZF vote appears to center on two aspects: 1. Age, with the Gold Card free for all a big draw card and 2. Distrust of Labour and National over decisions made the 80's and 90s. The Greens voter is mostly environmentally biased with a touch of social justice and the Labour voter needs someone to fill the trough. The National voters are urban and rural, both focusing on self-reliance and fiscal discipline. I think the voting patterns are so entrenched that nothing will change them unless perhaps WP doesn't make the next election in which case I'm not sure which way my parents would vote. Possibly a split to Labour and National.
The Greens vote is mostly big-govt social justice with a tinge of naive environmentalism. Biggest in Wellington Central with it's armies of public servants. They are urban, and insulated from economic impacts on productive industries. They are not deep thinkers, favouring flashy virtue-signalling pronouncements over genuine improvement. eg they kill oil exploration to push the production offshore - huge local economic destruction, for no global environmental benefit. Push tourism as the great hope for NZ industry even though it uses around a quarter of NZ's fuel consumption (via international air and campervan/car miles) and is so the most polluting of industries. Try to ban supermarket plastic bags that have been proven again and again to use less resources than thicker reusable bags. Attack dirty farming when cities are demonstrably the big polluters with poor water quality surrounding them...
Might have misunderstood me, as it was not a comment on your family or any extrapolation I'm making. Just noting, if you associate right with self-sufficiency and left with looking for handouts in your own family, it's no surprise that's the impression you have of society.
Chicken and egg, though, I guess.
All siblings were raised in the same house, and went out into the World with nothing but a high school education, yet the financial outcomes are quite divergent after 35~40 years in the workforce. If you look at the behaviours you could reasonably predict the outcome. What is harder to understand is where those behaviours come from. I suspect it’s a complex mix of base nature and interaction with the World. Whether people naturally align with a political party or grow into it is an interesting question as well. I have been a National Party supporter for coming up 40 years and doubt I will ever change. Based on the comments here I see others as implacably loyal to Left wing parties. The reason I comment is because we have a system that allows other ideologies through elections to influence my life through laws and taxes I must obey and pay. To be governed by this current lot has me close to apoplectic at times because to my mind at least they are incompetent and led by an accidental PM who doesn’t have the required skills, yet I’m paying more than most for the mess they are creating.
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