Investing in a productive economy
👉RNZ Article: ‘New Zealanders urged to break up with property’
Susan’s article nails what some of us have been saying for a while...
Property will always have a place in our economy, especially meeting an essential need for housing. But when it dominates the investment narrative, it makes housing harder to reach for many, and we crowd out the sectors that could actually shape our future.
Clever investment will also:
Back smart NZ startups solving real problems
Create high-value jobs in underserved communities
Build an economy that rewards innovation, not just speculation.
The good news is platforms like Sharesies are already helping people look beyond bricks and mortar - and KiwiSaver funds have diversified well beyond the initial property focus. But we have not even scraped the surface.
It's not about ditching property, it's about diversifying our strategy. This comes from the top with concrete actions and policies.
Lots of options. But some key things:
Supporting better education and investment culture-building from early age (how to consider risks, opportunities and rewards)
Incentivising investments that support growth
Diversifying the types of people we put on boards of major investment companies.
