It's excellent, if you wish to see it that way.
100% of hotels will be full this coming Wednesday in Auckland. Broadly speaking, you can't get a room.
Auckland hasn’t been full in years.
Along with the broad-based cruise season and the warmer summer travel period, we have a large conference and a major concert.
This can only get better when the convention centre is open and Eden Park can actually open its gates under proper first-world rules.
So, a record for hotel rooms.
A record also for first home buyers – never have there been more young people getting into their first home. This is the real celebration.
Despite many people's best efforts to steer money elsewhere, nothing beats real estate. It’s a multi-generational obsession in this country and nothing will ever shift it.
The owner of a home. A place to call home. The ability to adjust and mould it to your life and aspirations is not to be underestimated and people will bleed for the pleasure.
Money is cheap-ish. Money is readily available and people are buying. Good on them.
What drives all this is a few simple economic truths – if you get the basics right you can't lose.
This country must be a destination. It must be open, and it must be welcoming, hence the importance of sorting our downtown's out with the homeless and trouble.
The fundamentals must also be right. If you get inflation under control, you earn your way instead of forever borrowing and you set the economic table for the country to be able to spend and take risk and believe that they have a chance and a future.
There is still plenty to do. Jobs needs to come right, but the ads are up.
The media could play their part and drop the misery obsession. News can be neutral and positive, as well as negative.
And the funk brigade could try, just try, to accept that actually there is a decent shaft of light at the end of that tunnel.
Business confidence in the SME sector also had a good week.
Oh, and the All Blacks won and will win again this weekend, if that stuff moves your needle.
In simple terms, this country is going places.
I'm bullish on 2026. This week has been a good building block.
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.
This can only get better when the convention centre is open and Eden Park can actually open its gates under proper first-world rules.
So, a record for hotel rooms.
A record also for first home buyers – never have there been more young people getting into their first home. This is the real celebration.
Despite many people's best efforts to steer money elsewhere, nothing beats real estate. It’s a multi-generational obsession in this country and nothing will ever shift it.
The owner of a home. A place to call home. The ability to adjust and mould it to your life and aspirations is not to be underestimated and people will bleed for the pleasure.
Money is cheap-ish. Money is readily available and people are buying. Good on them.
What drives all this is a few simple economic truths – if you get the basics right you can't lose.
This country must be a destination. It must be open, and it must be welcoming, hence the importance of sorting our downtown's out with the homeless and trouble.
The fundamentals must also be right. If you get inflation under control, you earn your way instead of forever borrowing and you set the economic table for the country to be able to spend and take risk and believe that they have a chance and a future.
There is still plenty to do. Jobs needs to come right, but the ads are up.
The media could play their part and drop the misery obsession. News can be neutral and positive, as well as negative.
And the funk brigade could try, just try, to accept that actually there is a decent shaft of light at the end of that tunnel.
Business confidence in the SME sector also had a good week.
Oh, and the All Blacks won and will win again this weekend, if that stuff moves your needle.
In simple terms, this country is going places.
I'm bullish on 2026. This week has been a good building block.
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.
2 comments:
Interesting and economically illiterate take on property. Real estate is fundamentally a non-productive asset because it does not directly contribute to economic output or innovation. Studies show that firms with a higher share of real estate holdings tend to have significantly lower productivity, invest less in research and development, and generate fewer sales per employee. Rising real estate values often divert capital and labor towards less efficient firms, reducing overall industry productivity. Unlike productive investments that generate new wealth, real estate primarily reallocates existing wealth without creating additional value, making it a less effective driver of economic growth.
This means that while real estate may feel tangible and stable, its economic impact is limited compared to investments that directly foster innovation and productivity. As such, treating real estate purely as a reliable wealth builder overlooks its non-productive nature and the broader risks of overconcentration in this asset class.
New home buyers with sound principles will make for a happy home, decent educated children and productive law based mindset . Thats whats great about Real Estate , a stable basis for the next generation
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