Written by Michael Long
The September edition of The Long View is attached — here’s what’s inside:
OCR to 2.75% on 2 September — the second hike since July, and the Committee said it “may need to increase the OCR further this year.”
Brent is US$104, up 13.4% in a month — Fuel drove the June-quarter CPI overshoot, and October’s Q3 print decides December.
Banks put $973m into investment property in July and $253m into development — close to four to one. Development lendingis recovering, but that gap is where the non-banks sit.
Development contributions become development levies — bill in Q1 2027, councils charging 2029–30. The interim amendmentbites now: councils will be able to reset DCs on fast-track projects not yet approved.
The full data — rates tables, Auckland and South Island market breakdowns, building consents, Rental, Golden Visa BTR, Development Money — are all in the newsletter.
As always, if any of it prompts a question about your project or funding position, I’m a phone call away.