Skip to main contentSkip to log on

InPrivate

Spring 2025 Edition

Spring signals new beginnings – and our final edition of the year.

From Trump tariffs and trade developments to political shake-ups and global tensions: in this edition, we cover the key themes influencing markets over the latest quarter. We examine how a softening US labour market could impact equity and bond markets as the year draws to a close. And we take a look at our own backyard, where the RBNZ is answering the call for deeper OCR cuts in response to New Zealand’s underwhelming economic performance.

If property is on your radar, don’t miss valuable insights from David Grubb, Head of Banking and Valuation Risk at Valocity. We summarise the key points from his annual analysis of the housing market, including what’s driving its current state and what could shift the dial as we head into 2026.

You’ll also find our regular Month Ahead commentary, offering a snapshot of key economic indicators and what they could mean for investors in the weeks to come.

As we wrap up our final update for 2025, I want to thank you for your continued trust in ANZ Private. Wishing you and your family a safe, restful holiday season, and all the very best for 2026.

Glenn Stevenson
General Manager, ANZ Private

Articles from this edition

Investment update – September quarter 2025

New Zealand’s economy contracted again, bringing OCR cuts into focus. Dive into our latest Investment Update for a closer look at what’s driving markets here and abroad, and how the next few months might play out.

Investment update – September quarter 2025

The Month Ahead

Global markets hit record highs in October. November marks RBNZ’s final meeting of 2025, while trade policy and the US government shutdown remain key barometers.

The Month Ahead

Property market insights

House prices have been treading water, but is movement on the way? Catch up on highlights from Valocity’s annual Property Market Insights report, including drivers that could shift the dial in 2026.

Latest property insights

Important information

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 500 588, or for more information about ANZ’s financial advice service see our financial advice provider disclosure statement (PDF 39KB).

This material is prepared based on information and sources ANZ Bank New Zealand Limited (‘the Bank’) believes to be reliable. Its content is subject to change and is not a substitute for commercial judgement or professional advice. To the extent permitted by law the Bank disclaims liability or responsibility to any person for any direct or indirect loss or damage that may result from any act or omission by any person in relation to this material. Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed, and may be negative as well as positive.