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Workshop 4

What Would a Property Market Correction Mean for Business and the Wider Economy?

7.30 - 9.30am, Wednesday 14 September 2016, Pullman Hotel, Auckland

Read Valuable Advice from Workshop 4

New Zealand’s property market is attracting considerable market commentary. Senior business leaders are predicting that the property market has overheated and will correct. If there is a correction, what will it mean for the wider business community?

  • Which parts of the property market are most at risk?
  • How imminent is a correction?
  • What might that correction look like?
  • What are the likely contagion effects on other parts of the business landscape?
  • What can businesses do to minimise the impact of a correction?


Nick Tuffley

Chief Economist, ASB Bank Limited

Nick Tuffley was appointed as ASB’s Chief Economist in January 2007, having previously worked at Westpac and the Reserve Bank of New Zealand. Nick studied at Canterbury University, graduating with a Master of Commerce in Economics.

He and the rest of the Economics team provide regular analysis of economic developments and the outlook through written publications and media comments. Their key objective is to help the bank’s clients make better-informed business and personal finance decisions.

Dr. Ryan Greenaway-McGrevy


Senior Lecturer of Economics, Auckland University

Ryan Greenaway-McGrevy is a senior lecturer in economics at the University of Auckland. Prior to that he was a research economist in the Office of the Chief Statistician at the Bureau of Economic Analysis (BEA) in Washington DC. Ryan’s research interests include asset pricing, bubble identification, and urban economics. His work has been featured in the New Zealand Herald, the Sunday Star Times and the Wall Street Journal’s Real Time Economics Blog.


Conor McElhinney

Partner, McGrathNicol

Conor McElhinney is a Partner of McGrathNicol, a leading Australasian Advisory and Insolvency firm. Conor focuses on helping companies through periods of change and to optimise their performance. Those companies are often reliant on residential property to secure corporate lending.

Conor has worked in the advisory, restructuring, transactions, insolvency and forensic fields since beginning his career in Auckland with two Big 4 accounting firms. He also spent five years working in London during the GFC, where he worked on some of the largest and most complex engagements, such as the restructuring of European travel company Thomas Cook Plc and leading the investigation into a US$20 billion fraud in the Middle East. Conor has written a number of articles published in the NBR and NZ Herald and is a regular presenter to banks, lawyers, accountants and industry bodies.


Jennifer Tunna

Principal, Lowndes

Jennifer has broad experience within the finance sector, particularly in insolvency and restructuring. She has been centrally involved with many of the largest and most complex corporate collapses in recent times.

Jennifer has over 12 years’ experience with leading firms in New Zealand and the United Kingdom. She has significant experience in executing business and asset sales across a range of industry sectors, particularly in distressed situations.

Jennifer also has experience in various aspects of contentious insolvency.

Since 2013, she has been recognised as an ‘Associate to Watch’ by Chambers and Partners.