LATEST MONEY NEWS

Real estate agents claim more than $1m in wage subsidy during lockdown

The claim is a lot lower than it was last year.

More people turning to KiwiSaver for hardship - and to buy first home

KiwiSaver hardship withdrawals are up 43 percent, first-home withdrawals are up 18 percent.

Budget advisors push for Govt restrictions on debt collectors

"People are bombarded with contact from debt collectors."

'Rubber's going to hit the road': Economists pick when the 'turbo-charged' housing market will stall

The last time the country exited a strict lockdown, property prices exploded. Will it happen again?

Crypto investors keen on NZ as experts urge Govt not to curtail 'once in a generation' economic opportunity

It comes as Kiwis make millions off non-fungible tokens.

The Auckland suburb where house values have shot up by almost $600,000

Of 983 suburbs across the country, 771 had annual median value increases of $100,000 or more.

Three ways to keep finances healthy after lockdown

Central Auckland businesses lose $110 million of consumer spending during alert level 4

"These are not just numbers, they represent thousands of hard-working people."

Entrepreneurs planning third supermarket chain to challenge Foodstuffs and Woolworths

A new submission to the Commerce Commission reveals there could be a new cowboy in town.

Powerball rolls over after no $17 million winner

Here are the numbers.

Lotto: Staggering $17m up for grabs in Saturday's big draw

How good would it feel to take home a lockdown win?

'Unexpected pleasure': Insurance boss explains why her car is spectacular value for money

How do Kiwis manage their money and what's their biggest success or failure?

Over half of young Kiwis expect family money to help them buy a first home - KiwiSaver adviser

'The bank of Mum of Dad is an option for some people, but isn't for all'.

Union accuses bread supplier George Weston of 'slavery', but company says they turned down pay hikes

A union representative for staff at one of the country's biggest bakery companies has accused their employer of "slavery".

Why your credit card insurance could be a complete waste of money

"Potentially you've had all of that time paying a premium, for nothing."

'So desperate': Auckland dog groomer packed out as dogs get haircuts ahead of people

Under alert level 3 rules, dogs can get haircuts, but their owners are still waiting.

Bread shortage looms as bakery staff go on strike

Next time you can't find the bread you want, it might not be because others are stocking up and panic buying.

Why getting on the property ladder just got harder for would-be first-home buyers

The Reserve Bank said it was an "unavoidable consequence".

Restaurants call for more financial support, subsidised fine dining and a GST-free feed

The Restaurant Association says 1000 businesses in the industry have been lost since the start of the pandemic.

Banks no longer raking in record profits

Banks' profits have fallen from record highs on the back of higher costs and a dip in income from non-lending sources.

How a bird inspired the Reserve Bank's approach to COVID-19

The Reserve Bank says its bold response to the economic shock of the pandemic was inspired by a bird that fittingly appears on our money.

Wall St plunges as investors fear collapse of gigantic Chinese company

A number of stocks are down.

Business leader calls for 'flexible' level 3 in Auckland to boost economy, experts wary

He's questioned the Government's view that level 3 restrictions allow up to 90 percent of normal economic activity to continue.

'Will definitely go bankrupt': Auckland restaurant owner desperate for shift down alert levels

One of the city's bar and restaurant owners says he's currently losing up to $20,000 a week

Bookabach guest takes legal action against host amid flood of complaints over bookings cancelled due to lockdown

Guests have been trying to get their money back for trips they could no longer go on, only to discover their hosts had decided to keep the cash.

'Almost half': Shopper's receipt shows how much less groceries cost in the UK compared to NZ

20 food items from discount retail chain Lidl cost £21.19 (NZ$41.36)

'Don't fall in love': Share analyst on the perils of sticking with an investment too long

How do Kiwis manage their money and what's their biggest success or failure?

'Decimated': Franz Josef businesses struggling as borders stay closed

"We've got no cash flow coming in so at the end of the day, there's going to be a crunch time and it's going to be a hell of a mess."

Restaurateur pleads for MIQ hotels to be taken out of Auckland CBD by 2022

Tony McGeorge says they contribute to concern for people coming into the city centre.

'It's frustrating': Disheartened Auckland businesses question how 'essential' is defined

"We need to shift from defining arbitrarily what is essential, to focussing on what can be done safely," ACT leader David Seymour says.

Rents up 8 percent in past year, rising even faster for small homes

Rents are 8 percent higher than they were this time last year, according to one of the country's biggest property sites.

'Gives us confidence': GDP up 2.8 percent, tipped to drop in the third quarter

Gross Domestic Product rose 2.8 percent in the June 2021 quarter.

'The city has been empty': Wellington CBD workers urged to return to office as COVID bites

"Businesses are very grateful to be back, but without a doubt it's not back to where it needs to be."

Why grape prices have skyrocketed over lockdown

The price of grapes went up 32 percent in August, Statistics New Zealand confirms.

'It's not about whinging': Small businesses suffering huge losses call for more financial help

Small businesses say they are at breaking point and are pleading with the Government.

'There's no people in town': Mixed bag for Wellington CBD businesses under level 2

Some have rebounded quickly but others are reportedly racking up loans just to get by.

'Not ripping Kiwis off': NZ supermarket claps back at Commerce Commission

"Look, our profits are not excessive."

'Wearing people down': Auckland firms urge the Govt to consider loans, lease schemes

"This is our fifth lockdown in Auckland and for many businesses, it will be the last, because they won't reopen I don't think."

'Never seen it for that price': Frugal supermarket shoppers notice price of dairy, meat increase during lockdown

Members of the Cheaper Ways Facebook group say they've been paying more for milk, cheese and mince.

Lockdown doesn't dampen demand as house prices rise to new record level

The average Auckland house now costs $1.2 million.