Housing is set to be a buyer's market for a while longer.  

The Pre-Election Economic and Fiscal Update shows housing price growth will peak at 3% by March 2028, down slightly from 3.2% in the budget update.  

Cotality Chief Property Economist Kelvin Davidson told Mike Hosking the further out you go, the more uncertainty there is, but there's potentially a general change underway in the market at the moment, and so growth may look lower in the future.  

He says there's a variety of reasons why this could play out —including higher supply, debt to income ratio changes and lower interest rates— and it's not so good for homeowners. 

LISTEN ABOVE 

Housing is set to be a buyer's market for a while longer. &nbsp;
The Pre-Election Economic and Fiscal Update shows housing price growth will peak at 3% by March 2028, down slightly from 3.2% in the budget update. &nbsp;
Cotality Chief Property Economist Kelvin Davidson told Mike Hosking the further out you go, the more uncertainty there is, but there's potentially a general change underway in the market at the moment, and so growth may look lower in the future. &nbsp;
He says there's a variety of reasons why this could play out —including higher supply, debt to income ratio changes and lower interest rates— and it's not so good for homeowners.&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

Kelvin Davidson: Cotality Chief Property Economist on Treasury slashing the house price growth forecast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f007eab4-18a4-4d06-abf0-b4d40144595b/transcript

OpenAI is promising to 'do better' as it apologises for the handling of a hack involving Australia's Medicare database. 

The tech giant says it will fund better cyber defences and has scrapped a new model's release over safety concerns. 

Reports suggest the new AI model broke rules, using deception and not following human intent. 

Australia Correspondent Steve Price told Mike Hosking OpenAI is sending one of their senior executives to Canberra to front the inquiry and apologise in person. 

He says major tech companies want to build data centres in Australia, and they don't want something like this to stop them from being able to. 

LISTEN ABOVE 

OpenAI is promising to 'do better' as it apologises for the handling of a hack involving Australia's Medicare database.&nbsp;
The tech giant says it will fund better cyber defences and has scrapped a new model's release over safety concerns.&nbsp;
Reports suggest the new AI model broke rules, using deception and not following human intent.&nbsp;
Australia Correspondent Steve Price told Mike Hosking OpenAI is sending one of their senior executives to Canberra to front the inquiry and apologise in person.&nbsp;
He says major tech companies want to build data centres in Australia, and they don't want something like this to stop them from being able to.&nbsp;
LISTEN ABOVE&nbsp;

Steve Price: Australia Correspondent on OpenAI apologising for the Medicare hack, interest rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4dfdc706-8847-4a0f-9dfe-b4d4014f3422/transcript

Today on Politics Wednesday, Mark Mitchell and Ginny Andersen joined Mike Hosking to dig into some of the biggest stories of the week thus far. 

They discussed the call from some parties for voters to engage in strategic voting and the disagreement between Chris Hipkins and Chlöe Swarbrick as to who would be Finance Minister if they were in government.  

And they paid tribute to former Speaker and Labour MP Adrian Rurawhe, who died at age 65. 

LISTEN ABOVE 

Today on Politics Wednesday, Mark Mitchell and Ginny Andersen joined Mike Hosking to dig into some of the biggest stories of the week thus far.&nbsp;
They discussed the call from some parties for voters to engage in strategic voting and the disagreement between Chris Hipkins and Chlöe Swarbrick as to who would be Finance Minister if they were in government. &nbsp;
And they paid tribute to former Speaker and Labour MP Adrian Rurawhe, who died at age 65.&nbsp;
LISTEN ABOVE&nbsp;

Pollies: National's Mark Mitchell and Labour's Ginny Andersen on strategic voting, the Finance portfolio, Adrian Rurawhe

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9e50c92c-1a33-4465-aa98-b4d401492880/transcript

The Finance Minister has her eye firmly on returning to surplus after a pre-election look into the books.  

Treasury forecasts predict the next two years' deficits will be much smaller, and the 2028/29 surplus nearly $2 billion larger than expected.  

But much of that improvement is down to income-tax bracket creep, and more revenue from GST and company tax.  

Nicola Willis told Mike Hosking it would be irresponsible to be talking about how they'll spend a surplus on things like tackling the tax bracket creep before it's arrived. 

She says circumstances could change, not because they won't remain focused, but because the world is volatile and forecasts could shift.  

LISTEN ABOVE 

The Finance Minister has her eye firmly on returning to surplus after a pre-election look into the books. &nbsp;
Treasury forecasts predict the next two years' deficits will be much smaller, and the 2028/29 surplus nearly $2 billion larger than expected. &nbsp;
But much of that improvement is down to income-tax bracket creep, and more revenue from GST and company tax. &nbsp;
Nicola Willis told Mike Hosking it would be irresponsible to be talking about how they'll spend a surplus on things like tackling the tax bracket creep before it's arrived.&nbsp;
She says circumstances could change, not because they won't remain focused, but because the world is volatile and forecasts could shift. &nbsp;
LISTEN ABOVE&nbsp;

Nicola Willis: Finance Minister on the Pre-Election Economic and Fiscal Update showing a stronger outlook, larger surplus

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/84428ad3-dd58-4151-b332-b4d401402e35/transcript

Kelvin Davidson: Cotality Chief Property Economist on Treasury slashing the house price growth forecast

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