I got a sense this week that the tide on the New Zealand story is turning.
The ongoing stats, like the size of the infrastructure pipeline, more money this year, more money and projects for years to come, the new visas, and the visas that are working better than we thought, money, jobs, and culture are on their way.
But the gold medal goes to the dawning realisation that we are about to outgrow and outperform Australia. Not just next year, but for a number of years.
The stats have been there – the Reserve Bank Governor in Australia reduced her GDP forecast and that number is below ours, which is about 2.5%, maybe more.
But put it together, as Westpac did, call it a report, lay it out for all to see and pennies drop.
Why it's so important is a lot of our plight is as much mental as it is physical.
Australia has a myriad of real issues, from housing, to debt, to transport, to race.
We do too, but they have never sunk like us.
Part of what is and has held us back this year is too many have decided we are stuffed, so they left.
But left for what? What is the psychology of moving countries? Pay? It can be, but not always and I'll tell you this for nothing, the pay gap does not bridge the house gap.
But do those leaving realise that, or they don’t care, or don’t even know?
Obviously what bogged it down this year was the "Survive to '25" thing. It started well in January but never took off. So were we sold a lemon? A false dawn?
What this report does, and it's not alone because there is plenty of material out there if you hunt for it, is quantify our reality. Between the law changes, the visas, the farmers, the currency, and all the fixes and reforms, it adds up to an irrefutable picture of change that is about to pay dividends.
The pieces seem to be fitting together. But the prize is they paint a better picture than our nearest neighbour, our greatest friends, our biggest opponent.
We are not just beating anyone. We are beating Australia.
When that comes to pass, watch the mood then.
Mike Hosking is a New Zealand television and radio broadcaster. He currently hosts The Mike Hosking Breakfast show on NewstalkZB on weekday mornings - where this article was sourced.
But the gold medal goes to the dawning realisation that we are about to outgrow and outperform Australia. Not just next year, but for a number of years.
The stats have been there – the Reserve Bank Governor in Australia reduced her GDP forecast and that number is below ours, which is about 2.5%, maybe more.
But put it together, as Westpac did, call it a report, lay it out for all to see and pennies drop.
Why it's so important is a lot of our plight is as much mental as it is physical.
Australia has a myriad of real issues, from housing, to debt, to transport, to race.
We do too, but they have never sunk like us.
Part of what is and has held us back this year is too many have decided we are stuffed, so they left.
But left for what? What is the psychology of moving countries? Pay? It can be, but not always and I'll tell you this for nothing, the pay gap does not bridge the house gap.
But do those leaving realise that, or they don’t care, or don’t even know?
Obviously what bogged it down this year was the "Survive to '25" thing. It started well in January but never took off. So were we sold a lemon? A false dawn?
What this report does, and it's not alone because there is plenty of material out there if you hunt for it, is quantify our reality. Between the law changes, the visas, the farmers, the currency, and all the fixes and reforms, it adds up to an irrefutable picture of change that is about to pay dividends.
The pieces seem to be fitting together. But the prize is they paint a better picture than our nearest neighbour, our greatest friends, our biggest opponent.
We are not just beating anyone. We are beating Australia.
When that comes to pass, watch the mood then.
Mike Hosking is a New Zealand television and radio broadcaster. He currently hosts The Mike Hosking Breakfast show on NewstalkZB on weekday mornings - where this article was sourced.
7 comments:
People are not leaving only due to the economy mike. It's things like the polls also. Half of nz would actually vote for the communist labour, the green-hamas and the tepati, kill the farmers mugabe party. Half Mike. This is a reflection of our society and it scares the living dayights out of the other half of us.
Excellent prospect. Wil this involve even bigger demands from the radical Maori lobby?
Anon at 4.13 am articulates perfectly the real risk in 2026. Many people still do not get this.
Good one, Mike. So its all in our heads. The confidence fairy will save NZ. We're too negative; always say "no". We just gotta wake up in the morning, look ourselves in the mirror like you and Liquid Luxon do, and say, "I love that guy I'm seeing. What a winner". And NZ will boom. Thanks for the self-help advice. Is it a paid-for Info Ad? Please retire. Go spin some records at a club in Ibiza. Stop the vacuous commentary.
The evidence is there fore all to see.
I agree with your assessment Mike but must add that the indications of things on the improve have been around for some time now so l’m prepared to bet that things will be looking much better for everyone sooner rather than later.
While l have had to struggle with Luxon as PM - believing Peters would do a better job, particularly as a fearless leader not prepared to join the Woke mob on the international stage, I must give him credit for making the hard decisions which aren’t always popular.
Be that as it may, l want to support your well written and timely expose’ by adding my own “tried and proven” formula for testing the state of the Economy and the Welfare system that services the needs of those at the bottom of the heap,
I live in one of the most beautiful but lowest decile communities in the country but have little difficulty finding out where things are at via a visit to the local village Pub.
No matter what day of the week or time of day l park my 12 year old, “museum piece” Holden Commodore with 210,000 kms on the clock outside the local “watering hole“, l guarantee that l will have difficulty recording any locally owned vehicle more than 5 years old. A good percentage are less than 2 years old and in the high priced bracket.
We must ask!
Even though it is a lot easier purchasing a vehicle these days by taking advantage of favourable finance rules and interest rates, the owner of the vehicle still has to find a significant amount of cash on a monthly basis in order to service the loan used to buy the car or ute.
And presumably that monthly amount can only come from the family budget where it competes with funds allocated to feeding, housing and clothing the family of whatever size.
So, we must assume that those who can afford to do all those things within the limits of the monthly family income are doing better than the Opposition parties would have us believe.
There is no question in my mind that the bulk of New Zealanders are coping with the down turn pretty well and are in fact, in a good position to enjoy the benefits that accrue when things change for the better.
Sure there will always be those who fall through the cracks - more often than not because of self inflicted wounds but the Welfare system is designed
to take care of them and generally speaking, does a good job of doing so.
Roll on the good times.
I'm not seeing it, but then I don't live on a farm (looking at you, Clive Bibby) or in an ivory tower (looking at you, Mike). From where I sit, our once fine country seems seriously screwed.
Mike, agree, the ardern mess is being mopped up. Agree with anon @4.13, how can anyone think that labour, greens and tpm are a better way forward, it was sheer hell ( unless you were a criminal) that destroyed this country. Yet 30+ % of us are keen for the far left nut jobs to return.
Hey, heres an idea, a cheaper option might be just to round up the far left and send them to north Korea or Palestine so they can get on with supporting the terrorists they so admire. Then this country would really thrive once the waste of space dead wood was removed.
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