Global tourist hotspots like Barcelona and New York are banning or restricting the use of short term accommodation, like AirBnB to try to free up housing.

Now , Sydney is looking into it. 

Queenstown is also interested - with a third of homes empty every night due to short term rentals. 

Opes Partners Resident Economist Ed McKnight told Andrew Dickins that it makes sense for Sydney but not necessarily Queenstown. 

He says if  you take away Airbnb in Queenstown - it doesn't mean there's more housing for sale - because a lot of them are holiday homes anyway. 

LISTEN ABOVE

Global tourist hotspots like Barcelona and New York are banning or restricting the use of short term accommodation, like AirBnB to try to free up housing.
Now , Sydney is looking into it.&nbsp;
Queenstown is also interested - with a third of homes empty every night due to short term rentals.&nbsp;
Opes Partners Resident Economist Ed McKnight told Andrew Dickins that it makes sense for Sydney but not necessarily Queenstown.&nbsp;
He says if &nbsp;you take away Airbnb in Queenstown - it doesn't mean there's more housing for sale - because a lot of them are holiday homes anyway.&nbsp;
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Ed McKnight: Opes Partners Resident Economist says Airbnb restrictions are not the answer to more housing in Queenstown

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f9902f5e-1ab3-400c-9706-b3dd013e3a7c/transcript

The pitch is ready and waiting for the doors to open at Christchurch's new One NZ Stadium. 

The stadium's hosting Super Rugby’s Super Round over the next three days, with the Crusaders taking on the Waratahs in front of a 25 thousand strong crowd in tonight's opening match. 

Construction on the $683 million venue started in 2022 after Lancaster Park was destroyed in the 2011 quakes. 

Venues Otautahi CEO Caroline Harvie-Teare told Mike Hosking the city's waited a long time for this day. 

LISTEN ABOVE 

The pitch is ready and waiting for the doors to open at Christchurch's new One NZ Stadium.&nbsp;
The stadium's hosting Super Rugby’s Super Round over the next three days, with the Crusaders taking on the Waratahs in front of a 25 thousand strong crowd in tonight's opening match.&nbsp;
Construction on the $683 million venue started in 2022 after Lancaster Park was destroyed in the 2011 quakes.&nbsp;
Venues Otautahi CEO Caroline Harvie-Teare told Mike Hosking the city's waited a long time for this day.&nbsp;
LISTEN ABOVE&nbsp;

Caroline Harvie-Teare: Venues Otautahi CEO on the One NZ Stadium at Te Kaha opening this weekend

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e3127d9-7839-4fb6-aaea-b4350151fe6a/transcript

The Finance Minister's between a rock and hard place ahead of her budget. 

Moody's has downgraded New Zealand's economic outlook from stable to negative and Treasury officials are revisiting their economic forecasts.  

Nicola Willis says the Government shouldn't be spending more to deal with the fuel crisis, but austerity also isn't the answer. 

Former Treasury Secretary and NZ Initiative Senior Fellow Murray Horn told Mike Hosking borrowing more and more won't work.  

He says all that will do is delay the economic pain and make it worse. 

LISTEN ABOVE 

The Finance Minister's between a rock and hard place ahead of her budget.&nbsp;
Moody's has downgraded New Zealand's economic outlook from stable to negative and Treasury officials are revisiting their economic forecasts. &nbsp;
Nicola Willis says the Government shouldn't be spending more to deal with the fuel crisis, but austerity also isn't the answer.&nbsp;
Former Treasury Secretary and NZ Initiative Senior Fellow Murray Horn told Mike Hosking borrowing more and more won't work. &nbsp;
He says all that will do is delay the economic pain and make it worse.&nbsp;
LISTEN ABOVE&nbsp;

Murray Horn: Former Treasury Secretary and NZ Initiative Senior Fellow on Treasury revising their economic forecasts amid oil shocks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d4034eaf-5ab3-4c9c-a0aa-b43501500657/transcript

If you are one of those exercised about supermarkets and whether they are scandal merchants, then you must follow the current court case in Australia. 

It’s the second of its type. 

The Australian Competition and Consumer Commission (ACCC) is dealing with Woolworths, having previously dealt with Coles. The Coles' case decision is reserved as they wait for this week's Woolworths case. 

The charge, basically, is they up the price of something before they cut the price and claim it's on sale. The lawyers called it a "subtle magic".   

They are using a basket of goods that involves Tim Tams. 

The reason I mention this, and you should follow it, is for the simple fact that Australia is not short of supermarkets or supermarket competition. There are the 'Big 3", which is our two plus Aldi, and in total they have ten.  

The point being, if you asked your average Australian "do they get a good deal and is there enough competition", they would say no. 

The same way they say 'no' here. 

Are you ripped off? 'Yes' would be the answer from both sides of the Tasman. 

And in that is the conundrum. What you feel might well be different to what is real. 

Especially around money and price are powerful things and often what you want to see is what you will see. 

Part of it I'm sure is the dynamic nature of supermarkets and the literally thousands of products, and therefore tens of thousands of prices, they deal with every day. 

Different brands, different sizes, different specials, different deals, one off's vs regular prices, specials vs promotional prices, where in the isle it's placed, what sort of supplier deal is struck, what the cost of transport was, how many you bought etc, etc. 

It presumably goes on forever. 

Which is not to say anything other than when it has that many moving parts, telling me it's cheaper to buy baked beans in Sydney or Geneva doesn’t explain how this all works. 

Let's see how the courts work through it and what, if anything, comes from it. 

But in Australia there's lots of choice and lots of competition. Allegedly there's everything the supermarket critic here could want. 

And yet they're still in court. 

If you are one of those exercised about supermarkets and whether they are scandal merchants, then you must follow the current court case in Australia.&nbsp;
It’s the second of its type.&nbsp;
The Australian Competition and Consumer Commission (ACCC) is dealing with Woolworths, having previously dealt with Coles. The Coles' case decision is reserved as they wait for this week's Woolworths case.&nbsp;
The charge, basically, is they up the price of something before they cut the price and claim it's on sale. The lawyers called it a "subtle magic". &nbsp;&nbsp;
They are using a basket of goods that involves Tim Tams.&nbsp;
The reason I mention this, and you should follow it, is for the simple fact that Australia is not short of supermarkets or supermarket competition. There are the 'Big 3", which is our two plus Aldi, and in total they have ten. &nbsp;
The point being, if you asked your average Australian "do they get a good deal and is there enough competition", they would say no.&nbsp;
The same way they say 'no' here.&nbsp;
Are you ripped off? 'Yes' would be the answer from both sides of the Tasman.&nbsp;
And in that is the conundrum. What you feel might well be different to what is real.&nbsp;
Especially around money and price are powerful things and often what you want to see is what you will see.&nbsp;
Part of it I'm sure is the dynamic nature of supermarkets and the literally thousands of products, and therefore tens of thousands of prices, they deal with every day.&nbsp;
Different brands, different sizes, different specials, different deals, one off's vs regular prices, specials vs promotional prices, where in the isle it's placed, what sort of supplier deal is struck, what the cost of transport was, how many you bought etc, etc.&nbsp;
It presumably goes on forever.&nbsp;
Which is not to say anything other than when it has that many moving parts, telling me it's cheaper to buy baked beans in Sydney or Geneva doesn’t explain how this all works.&nbsp;
Let's see how the courts work through it and what, if anything, comes from it.&nbsp;
But in Australia there's lots of choice and lots of competition. Allegedly there's everything the supermarket critic here could want.&nbsp;
And yet they're still in court.&nbsp;

Mike's Minute: Look at Australia for the supermarket experience

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b8e93a04-aed3-4edf-a528-b4340179e202/transcript

Ed McKnight: Opes Partners Resident Economist says Airbnb restrictions are not the answer to more housing in Queenstown

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