BNZ is picking our house prices to rise after the new year.

They forecast an increase of 7% over 2025, following a flat 2024.

Brad Olsen, Infometrics Chief Economist, told Ryan Bridge that while 7% is a little bit higher than what most expect at the moment, everything is quite uncertain. 

He said that we’ve got a little bit to get through in 2024 before we get too close to understanding 2025.

LISTEN ABOVE

BNZ is picking our house prices to rise after the new year. 
They forecast an increase of 7% over 2025, following a flat 2024. 
Brad Olsen, Infometrics Chief Economist, told Ryan Bridge that while 7% is a little bit higher than what most expect at the moment, everything is quite uncertain.  
He said that we’ve got a little bit to get through in 2024 before we get too close to understanding 2025. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Chief Economist on the potential housing prices will rise in 2025

There’s another option that could help us fill the gaps in the energy crisis: solid biofuel.

It makes use of forestry slash, burning it to generate heat and electricity as a cheaper alternative to gas. 

New Zealand exports around 20 million tonnes of wood per year, and we would only need to divert around 30% of those export logs to decarbonise every industrial gas and coal boiler in the country, Solid Bioenergy Group CEO Rob Mallinson says.

Mallinson told Ryan Bridge that it’s renewable, half the cost of LNG, and we need it to be part of the solution for the current energy crisis. 

He said he’s not saying it's the silver bullet, but it’s a huge potential part of the solution, especially for the North Island. 

LISTEN ABOVE

There’s another option that could help us fill the gaps in the energy crisis: solid biofuel. 
It makes use of forestry slash, burning it to generate heat and electricity as a cheaper alternative to gas.  
New Zealand exports around 20 million tonnes of wood per year, and we would only need to divert around 30% of those export logs to decarbonise every industrial gas and coal boiler in the country, Solid Bioenergy Group CEO Rob Mallinson says. 
Mallinson told Ryan Bridge that it’s renewable, half the cost of LNG, and we need it to be part of the solution for the current energy crisis.  
He said he’s not saying it's the silver bullet, but it’s a huge potential part of the solution, especially for the North Island.  
LISTEN ABOVE

Rob Mallinson: Head of Solid Bioenergy Group on its potential in aiding the energy crisis

There’s pressure from the Police union to speed up the process to seize gang assets. 

In a major win for authorities, the High Court released a decision yesterday ruling the Head Hunters must forfeit $15 million in assets, including its Mount Wellington gang pad. 

It follows a decade of investigation and court processes. 

Police Association President Chris Cahill told Ryan Bridge it shouldn't take that long.

He hopes the milestone decision will mean a new standard in the gang crackdown. 

LISTEN ABOVE

There’s pressure from the Police union to speed up the process to seize gang assets.  
In a major win for authorities, the High Court released a decision yesterday ruling the Head Hunters must forfeit $15 million in assets, including its Mount Wellington gang pad.  
It follows a decade of investigation and court processes.  
Police Association President Chris Cahill told Ryan Bridge it shouldn't take that long. 
He hopes the milestone decision will mean a new standard in the gang crackdown.  
LISTEN ABOVE

Chris Cahill: Police Association President on the ruling around seizing gang assets

Awful for the family to see – this is the people who were filming that tragic fatal accident on the southern motorway.

The news media will cover it, they will film it go out to a story. They will film if the bodies in the accident, they will film the accident aftermath, but they would not show it to the audience.

Here we have social media, everyone's got a camera, it's the new word of mouth. You film what you see, and you post it online. It's the Wild West.

The cops are upset with this.

"I thought that was disgusting. It really was. I mean, I saw some of the footage, it was filmed before emergency services arrived. There were close ups of people deceased in the van and injured lying on the road."

Yeah, close ups are people who are injured, lying on the road, not a nice thing to see or to experience.

But so long as you're not driving and filming, isn't it actually potentially useful evidence? Couldn't it help with an investigation if police are able to review some of this footage of a crash or the immediate aftermath of a crash?

Was that safety barrier strong enough?

By the way, how often does a truck's tire blow out? I mean, that sounds like a horrible thing to happen, and frightening, but it obviously happens, then what? You've got no control and it's all over.

Back to the filming. It is the new word of mouth; people don't just tell each other what happened anymore. They need to show me. I mean, this is just the way I think that society is going.

I'm not saying that I'm on board with it at all, but it's the way it's going, isn't it?

There's very little chance we will turn that ship around now and trying to do so may be a little futile.

In society we are increasingly desensitised to stuff and insensitive to the feelings of those around us.

That's just, that's just who we are now, isn't it?

Awful for the family to see – this is the people who were filming that tragic fatal accident on the southern motorway. 
The news media will cover it, they will film it go out to a story. They will film if the bodies in the accident, they will film the accident aftermath, but they would not show it to the audience. 
Here we have social media, everyone's got a camera, it's the new word of mouth. You film what you see, and you post it online. It's the Wild West. 
The cops are upset with this. 
"I thought that was disgusting. It really was. I mean, I saw some of the footage, it was filmed before emergency services arrived. There were close ups of people deceased in the van and injured lying on the road." 
Yeah, close ups are people who are injured, lying on the road, not a nice thing to see or to experience. 
But so long as you're not driving and filming, isn't it actually potentially useful evidence? Couldn't it help with an investigation if police are able to review some of this footage of a crash or the immediate aftermath of a crash? 
Was that safety barrier strong enough? 
By the way, how often does a truck's tire blow out? I mean, that sounds like a horrible thing to happen, and frightening, but it obviously happens, then what? You've got no control and it's all over. 
Back to the filming. It is the new word of mouth; people don't just tell each other what happened anymore. They need to show me. I mean, this is just the way I think that society is going. 
I'm not saying that I'm on board with it at all, but it's the way it's going, isn't it? 
There's very little chance we will turn that ship around now and trying to do so may be a little futile. 
In society we are increasingly desensitised to stuff and insensitive to the feelings of those around us. 
That's just, that's just who we are now, isn't it?

Brad Olsen: Infometrics Chief Economist on the potential housing prices will rise in 2025

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