Inflation stories
As Australia accelerates its digital economy and Australians head for the polls, one word is central: productivity.
Gartner has projected a total Australian IT spend of AU$117.2 billion in 2022 in its latest forecast, increasing by 13.1% from 2021.
Forrester expects vaccination rates, and the reopening of economies will produce more sustained tech market growth, on par with or higher than before COVID-19.
Tighter, costlier credit is set to deepen New Zealand's housing downturn, with CoreLogic warning of more price falls and weaker sales.
Borrowers face higher mortgage costs and further house price weakness as the Reserve Bank signals the OCR may peak around 4% by mid-2023.
More funding in Budget 2022 will not close New Zealand’s $210 billion infrastructure gap, with workers and costs still straining delivery.
West Coast and Canterbury are still posting strong gains, but a surge in listings and weaker demand is cooling prices nationwide.
Higher building costs and rates rises are set to force developers to shelve projects, threatening new home supply and affordability.
Tighter credit and higher rates are leaving first home buyers more exposed, with some regions now showing early signs of vulnerability.
Vacancy rates are easing, but the shift to prime offices and hybrid work will keep reshaping property demand well beyond 2022.
Businesses are turning to automation as record-low unemployment and isolation risks worsen staff shortages and wage pressures across New Zealand.
New Zealand’s office, retail and industrial markets are expected to mirror Australia as Omicron peaks and border openings reshape demand.
Rising material costs and supply chain disruption are forcing builders to rethink budgeting, with digital tools increasingly filling the gap.
Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.
Higher borrowing costs are cooling sales and slowing price growth, with more than half of NZ mortgages set to reset this year.
Mortgage repayments now absorb nearly half of household income, as record house prices and weaker wages push affordability to fresh lows.
Sales volumes and price growth are easing, with REINZ figures showing weaker January activity and tighter lending weighing on buyers.
Workers have walked out for 48 hours after union claims wages have lagged behind soaring demand and a GBP £70 million revenue stream.
First-home buyers are being refused finance after going unconditional, as tougher bank rules and lending checks squeeze borrowing.
Rising rates and tighter lending rules could cool New Zealand’s housing boom in 2022, after values topped GBP £1m nationally for the first time.