The One Roof Velocity house value index has revealed a drop in property value across the country. 

Major cities like Auckland, Wellington and Hamilton have all experienced drops. However, more rural areas such as Southland, Canterbury and Northland have all seen a rise. 

CEO of real estate at Velocity Helen O’Sullivan told Mike Hosking that although the prices have dropped, the real estate market is still healthy. 

She said ‘Volumes are a key indicator, and we’re seeing those pick up’ 

LISTEN ABOVE 

The One Roof Velocity house value index has revealed a drop in property value across the country.&nbsp;
Major cities like Auckland, Wellington and Hamilton have all experienced drops. However, more rural areas such as Southland, Canterbury and Northland have all seen a rise.&nbsp;
CEO of real estate at Velocity Helen O’Sullivan told Mike Hosking that although the prices have dropped, the real estate market is still healthy.&nbsp;
She said ‘Volumes are a key indicator, and we’re seeing those pick up’&nbsp;
LISTEN ABOVE&nbsp;

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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

Helen O'Sullivan: CEO of Real Estate at Velocity says housing price drops are not indicative of the market

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a50e43a7-4ad4-47d9-8ee6-b30b014b1495/transcript

The RMA Minister says councils have already signalled they'd like to join forces with neighbours. 

The Government's announced a fast-track amalgamation process, asking councils to submit proposals for merging with neighbours to form unitary authorities.  

They have three months to submit a rough plan. 

Chris Bishop told Mike Hosking there’s quite a lot of momentum behind it already. 

He says they’ve had quite a lot of councillors, mayors, and people on local government land express interest in getting on with it and amalgamating, so they’re giving them the opportunity.  

LISTEN ABOVE  

The RMA Minister says councils have already signalled they'd like to join forces with neighbours.&nbsp;
The Government's announced a fast-track amalgamation process, asking councils to submit proposals for merging with neighbours to form unitary authorities. &nbsp;
They have three months to submit a rough plan.&nbsp;
Chris Bishop told Mike Hosking there’s quite a lot of momentum behind it already.&nbsp;
He says they’ve had quite a lot of councillors, mayors, and people on local government land express interest in getting on with it and amalgamating, so they’re giving them the opportunity. &nbsp;
LISTEN ABOVE &nbsp;

Chris Bishop: RMA Reform Minister on the fast-track amalgamation process for local government and councils

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9024ce38-538d-4d0e-8ce5-b441014f7c44/transcript

Kiwis struggling to find work aren't alone in it.

Stats NZ data due out this morning is expected to show unemployment's remained steady or risen slightly in the first three months of this year. 

It was already at a near-decade high in the previous quarter. 

ASB Chief Economist Nick Tuffley told Mike Hosking the jobs being created don't seem to be keeping pace with the number of people moving to New Zealand. 

He says they're expecting a marginal lift in jobs, but migration's also picking up. 

LISTEN ABOVE  

Kiwis struggling to find work aren't alone in it.
Stats NZ data due out this morning is expected to show unemployment's remained steady or risen slightly in the first three months of this year.&nbsp;
It was already at a near-decade high in the previous quarter.&nbsp;
ASB Chief Economist Nick Tuffley told Mike Hosking the jobs being created don't seem to be keeping pace with the number of people moving to New Zealand.&nbsp;
He says they're expecting a marginal lift in jobs, but migration's also picking up.&nbsp;
LISTEN ABOVE &nbsp;

Nick Tuffley: ASB Chief Economist on the expectation the unemployment rate will rise slightly

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3a2f85bb-4ab8-4ef5-b77f-b441014b5135/transcript

This is quite possibly from our "hopeless causes" file. 

But can I at least try and make the plea that we have a look at the economic damage done by trigger-happy weather offices and compliant clickbait media when it comes to storm warnings? 

Cyclone Vaianu was the latest and is hopefully still fresh enough in our memories to remind us of a week's worth of hyperbole and headline nonsense that actually caused quite a lot of damage. 

Not storm damage, but economic damage. 

Spending in Northland was down 48%. 

Auckland down 46%. 

Waikato down 52% (that would have included the Supercars that got canned). 

Bay of Plenty down 68%. 

Gisborne down 51%. 

Hawkes Bay down 56%. 

Now obviously in the middle of a storm on that blowy, old Saturday and into Sunday you have already worked out you're not booking an outdoor table for lunch. 

But these figures will include the week building up to the event, the drama that started the previous Sunday, with the ever-present "keep an eye on this one" headlines, and as the week progressed, the alarmism grew. Not because alarmism was required, but because the weather wonks and the media feed off each other. 

The weather people love publicity and the media, especially digital, love potential clickbait. And nothing baits your click like pending metrological carnage. 

So in that prior Monday, Tuesday, Wednesday, and Thursday, how many things got cancelled? Bookings killed? Trips binned? Decisions altered? That’s the economic damage we can avoid. 

If you remember, it wasn’t until Friday they actually knew what the weather, they thought, would do. 

They were still wrong. But at least by Friday they had confidence in the ensuing days. When so much of our potential economic activity got canned, they were still speculating and blabbering on about trampolines and holiday travel and telling you how to live your life. 

Somewhere along the line the weather people got carried away with their own self-importance and the media gee'd them up and what is a two-day storm turned into a week-long extravaganza. An orgy of verbal diarrhoea, amping and amping and amping. 

And, as the data shows, doing untold damage to regions that didn’t really need it, as well as a storm. 

The forlorn hope? That this data sobers a few people up and maybe, just maybe, next time a few grown-ups drive the narrative. 

This is quite possibly from our "hopeless causes" file.&nbsp;
But can I at least try and make the plea that we have a look at the economic damage done by trigger-happy weather offices and compliant clickbait media when it comes to storm warnings?&nbsp;
Cyclone Vaianu was the latest and is hopefully still fresh enough in our memories to remind us of a week's worth of hyperbole and headline nonsense that actually caused quite a lot of damage.&nbsp;
Not storm damage, but economic damage.&nbsp;
Spending in Northland was down 48%.&nbsp;
Auckland down 46%.&nbsp;
Waikato down 52% (that would have included the Supercars that got canned).&nbsp;
Bay of Plenty down 68%.&nbsp;
Gisborne down 51%.&nbsp;
Hawkes Bay down 56%.&nbsp;
Now obviously in the middle of a storm on that blowy, old Saturday and into Sunday you have already worked out you're not booking an outdoor table for lunch.&nbsp;
But these figures will include the week building up to the event, the drama that started the previous Sunday, with the ever-present "keep an eye on this one" headlines, and as the week progressed, the alarmism grew. Not because alarmism was required, but because the weather wonks and the media feed off each other.&nbsp;
The weather people love publicity and the media, especially digital, love potential clickbait. And nothing baits your click like pending metrological carnage.&nbsp;
So in that prior Monday, Tuesday, Wednesday, and Thursday, how many things got cancelled? Bookings killed? Trips binned? Decisions altered? That’s the economic damage we can avoid.&nbsp;
If you remember, it wasn’t until Friday they actually knew what the weather, they thought, would do.&nbsp;
They were still wrong. But at least by Friday they had confidence in the ensuing days. When so much of our potential economic activity got canned, they were still speculating and blabbering on about trampolines and holiday travel and telling you how to live your life.&nbsp;
Somewhere along the line the weather people got carried away with their own self-importance and the media gee'd them up and what is a two-day storm turned into a week-long extravaganza. An orgy of verbal diarrhoea, amping and amping and amping.&nbsp;
And, as the data shows, doing untold damage to regions that didn’t really need it, as well as a storm.&nbsp;
The forlorn hope? That this data sobers a few people up and maybe, just maybe, next time a few grown-ups drive the narrative.&nbsp;

Mike's Minute: The economic damage caused by weather warnings

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4afe0781-4131-4f42-bf86-b440016f7941/transcript

Helen O'Sullivan: CEO of Real Estate at Velocity says housing price drops are not indicative of the market

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