I find it so interesting in our times of “information overload” via blogging, newsletters, online print and other media – the ability we all have to find a credible source to back up our own line of thinking. Whether we think the economy is growing, stagnant or declining - there is someone out there who believes it also - hence adding weight, and perhaps validity, to our own thoughts.
So with that thought in mind, I want to share my outlook for 2011 – and encourage all you “positive thinkers” to jump on board.
A commentary I follow closely (and if you don’t already, you should really add to your weekly followers:) is Tony Alexander – Chief Economist at BNZ. An excerpt from his latest commentary says:
- The Reserve Banks next move based on economic data, is likely to be upwards about June.
- The Government, if they are successful in privatising some assets will get the share market moving again
- Our ratio of household debt to income is improving
I feel all these factors will positively flow through to the housing market giving it a much needed injection of activity. As a country looking to spend, we are all a bit gun shy, and tend to follow the crowd – I predict activity will grow gradually throughout the year as people see that others are jumping to pick up the bargains and that age old feeling of not wanting to miss the boat kicks in.
John Key is encouraging us to invest in shares – whilst I would encourage you all to invest in houses! - I think the key message that will flow to the country is that it is okay to invest again, stimulating that spend.
How do you see the next 12 months – Growth, stagnant or decline?
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February 02 2011 02:55 pm | Buying Property and The State of the Market and Why Would You... or Why Wouldn't You... Buy a House Right Now?