Podcasts
Listen to Newshub's latest podcasts
ThreeNow
Watch the latest current affairs shows
Palmerston North
AKL
18° 10°
Money

PERSONAL FINANCE

Research released by ASB, which surveyed almost 600,000 of its customers, showed financial wellbeing was strongest in the Tasman region and weakest in Gisborne.
Money

'A valuable buffer': Bank research reveals regions where customers had the highest and lowest savings ahead of Omicron outbreak
People who come into money are considered 'lucky', but many aren't ready for the responsibility of managing it, lawyer Janet Xuccoa says.
Money

'Wealth doesn't equal happiness': Lawyer shares life lessons of three Kiwis encountering losses after a financial windfall

The Financial Markets Authority says cold calls about investment opportunities are generally illegal in New Zealand.
Scams

Auckland man loses $700,000 to fake investment company, Kiwis warned to be vigilant
Senior woman using mobile phone while holding credit card
Money

More people falling behind on personal debt repayments

REAL ESTATE

Watch: Young Auckland couple loses home after developer asks them to fork out extra $150k for first home.
Real Estate

'I don't have the words': Young Auckland couple heartbroken after developer asks them to fork out extra $150k for first home
Two aspiring homeowners share their struggles and uncertainty on getting a mortgage approved under CCCFA changes.
Mortgages

Aspiring homeowners consider cutting essential costs to secure lending for mortgage
CoreLogic and Infometrics are forecasting annual property price growth to drop down to the single digits this year.
Real Estate

'5 percent or less': Property price growth likely to fall to single digits in 2022, possibly 'close to zero' - property economist
Related video: House prices have hit record highs, according to the latest REINZ figures. But one senior economist is warning we're sailing into gathering headwinds.
Housing

Property market hits peak, but unemployment poses risk to prices

LATEST MONEY NEWS

Westpac said customers should never share their online banking passwords.
Banking

Westpac warns New Zealanders of scam targeting Chinese customers

The scammers are posing as authoritative figures and threatening to take severe action if the targets do not make payments.
Watch: Young Auckland couple loses home after developer asks them to fork out extra $150k for first home.
Housing

'Families are going without things': NZ's most expensive rental market revealed

With a median weekly rent of $700 a week, rentals are hot property.
Related video: New Zealand inflation rates highest in over 30 years.
Housing

OCR increases already priced into fixed mortgage rates - broker

"The reality is that short-term rates are around 3.5 percent. People that are fixing for two years are probably fixing around 4.5 percent anyway and we don't really expect to see rates move much from that."
Watch: Young Auckland couple loses home after developer asks them to fork out extra $150k for first home.
Real Estate

'I don't have the words': Young Auckland couple heartbroken after developer asks them to fork out extra $150k for first home

The pair say there was "absolutely nothing" they could do about it since it was legal under their sunset clause.
The founder of Eat My Lunch and AF Drinks says she learned to take responsibility for herself from a young age.
Me and My Money

'All consuming': Eat My Lunch founder on what it feels like to be short of money

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

An online shopper tracked the price of a box of 50, P2 face masks, finding the price increased from $39.99 on January 7, to $108 on Thursday morning, an increase of 170 percent.
Coronavirus

COVID-19: Online retailer's 170 pct price hike on P2 face masks 'crazy', shopper says

The price for a box of 50 face masks increased by 170 percent over January, the shopper said.

Related video: Economists forecast inflation to hit 6 percent, and COVID-19 disruption could mean a little more pain in the pocket is yet to come.
New Zealand

Calls for urgent minimum wage increase as inflation hits 30-year high

More than 80 percent of Kiwi workers are getting pay rises less than inflation.

Related video: Economists forecast inflation to hit 6 percent, and COVID-19 disruption could mean a little more pain in the pocket is yet to come.
Consumer Price Index

Cost of living jumps 5.9 percent, biggest annual rise in three decades

The cost of fuel, housing and construction continues to hit Kiwis' pockets.

Two aspiring homeowners share their struggles and uncertainty on getting a mortgage approved under CCCFA changes.
Mortgages

Aspiring homeowners consider cutting essential costs to secure lending for mortgage

One person said it meant she had to weigh up whether to pay for a therapist - or keep the money in the bank.
CoreLogic and Infometrics are forecasting annual property price growth to drop down to the single digits this year.
Real Estate

'5 percent or less': Property price growth likely to fall to single digits in 2022, possibly 'close to zero' - property economist

CoreLogic and Infometrics share their property forecasts for the year ahead.

Related video: StatsNZ says the increase coes down to the price of tomatoes almost doubling.
Inflation

'Perfect storm': Rising cost of living in NZ could cause 'civil disobedience' - social services

Petrol, food and house prices are all increasing faster than wages.
Related video: House prices have hit record highs, according to the latest REINZ figures. But one senior economist is warning we're sailing into gathering headwinds.
Housing

Property market hits peak, but unemployment poses risk to prices

Residential real estate value reached $1.72 trillion in last quarter of 2021.
Research released by ASB, which surveyed almost 600,000 of its customers, showed financial wellbeing was strongest in the Tasman region and weakest in Gisborne.
Money

'A valuable buffer': Bank research reveals regions where customers had the highest and lowest savings ahead of Omicron outbreak

The Omicron outbreak is a timely reminder for Kiwis to make sure they have a few months' of savings to prepare for the unexpected.

In a January mortgage broker survey by Tony Alexander and mortgages.co.nz, 83 percent of respondents say banks are less willing to lend.
Mortgages

'Preventing home buying': Banks less willing to lend following CCCFA changes - mortgage adviser survey

In January, 83 percent of survey respondents said banks' willingness to lend had reduced.
Higher levels of absenteeism and changes in behaviour are likely during Omicron, ASB says.
Economy

'Much milder': Omicron outbreak likely to hit the economy differently than previous outbreaks - major bank

Higher levels of absenteeism and changes in behaviour are likely during Omicron, ASB chief economist Nick Tuffley says.

Related video: Businesses fear that despite being able to keep their doors open, the red light framework is keeping many would-be customers at home.
Money

'Been coerced quite strongly': BNZ finds 12,000 abusive online banking transactions over six months

Experts believe economic abuse is just as prevalent as other types of domestic abuse.
Businesses fear that despite being able to keep their doors open, the red light framework is keeping many would-be customers at home.
Coronavirus

'I don't know how long we can survive': Businesses fear worst as customer numbers plummet under red traffic light

Despite being able to keep their doors open, the red light framework is keeping many would-be customers at home.
Businesses warn the compulsory self-isolation of 14 days for positive cases and 10 days for close contacts will play havoc.
Coronavirus

Businesses warn 14-day stand down for positive cases could bring them to a halt

"When Omicron becomes widespread in New Zealand we will need to look at shortening that isolation period."
Experts from AA and Consumer NZ share their top tips to reduce fuel costs.
Motoring

'Expect further increases': Five ways to cut petrol costs down

As pump prices vary, shopping around can pay off.

For people wanting to prepare in case they need to self-isolate, NZ Nutrition CEO Sarah Hanrahan suggests buying frozen and canned veggies, and topping them up with fresh ones.
Coronavirus

'Affordable way to up number of veggies': Groceries useful to have on hand during Omicron outbreak

But there's no need to stockpile.

Sharing his money habits, Matt McHardy, general manager client relationships at PMG says one thing he hears frequently is people wish they'd started saving and investing earlier.
Me and My Money

'Worth the squeeze in the end': Creating wealth takes hard work, dedication and sacrifice, property fund client manager says

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

Watch: If you have been feeling the pain in the pocket, inflation figures this week will confirm your fiscal condition.
Updated
Inflation

'Highest in more than 30 years': Major bank's chilling inflation prediction

Inflationary pressure will continue into 2022.

ANZ has adjusted it's Official Cash Rate forecast, now anticipating it will hit 3 percent by April, 2023.
Interest Rates

'Cold comfort to people with massive mortgages': NZ's biggest bank adjusts cash rate forecast, predicts it will hit 3 pct

ANZ anticipates the OCR will move higher than its previous 2 percent forecast amid rising prices and labour market pressures.

Watch: Could petrol prices reach $3 per litre? The MTA last year said it 'wouldn't be surprised' if they get close.
Motoring

$3 per litre fuel to become the norm in NZ - commentators

Unrest in the Middle East is stoking fears of an oil supply disruption.
There's no hard-and-fast rule on when to discuss money at an interview. Experts suggest applicants do their research first.
Money

Changing jobs: How to prepare for the money discussion at job interviews

Experts share top tips on when to address the 'elephant in the room'
A Wellington man who struck Lotto First Division plans to use his $1m win to get onto the property ladder.
Lotto

'Strange feeling': Wellington Lotto winner planning to use prize money to get onto property ladder

The winner scooped up $1 million in the first Lotto draw of the year on Saturday.

Money
World

Oil prices hit 7-year highs as tight supply bites

"The attack raises the geopolitical risk in the region and may signal the Iran-US nuclear deal is off the table."

A report on 'How to handle a high cost of living' collated by independent economist Tony Alexander, shares suggestions on how to save money.
Money

'Stop buying coffees': Kiwis share ideas for managing the escalating cost of living in New Zealand

The annual cost of living, as measured by the Consumer Price Index (CEPI), jumped 4.9 percent in the September 2021 quarter.

Related video: Scammers have fleeced Kiwis out of millions of dollars in COVID-19 hoaxes.
New Zealand

'So relieved': Auckland couple seconds away from losing $500k in sophisticated banking scam

"I thought, 'I might just ring Westpac because it's a lot of money' - and oh my God, I am so glad I did."
Watch: After nearly two years of record growth, the housing market may finally be losing some steam.
Updated
Real Estate

'Shift in buyer sentiment': Median property selling price drops in December, stock up 29.7 pc year-on-year

Latest REINZ data shows the national median property selling price was down 1.6 percent in December, compared to November.
Related video: House prices have hit record highs, according to the latest REINZ figures. But one senior economist is warning we're sailing into gathering headwinds.
Housing

Would-be homeowners face banks pulling or withdrawing pre-approvals

Kiwis in the process of building a new home could be hit the hardest.

People who come into money are considered 'lucky', but many aren't ready for the responsibility of managing it, lawyer Janet Xuccoa says.
Money

'Wealth doesn't equal happiness': Lawyer shares life lessons of three Kiwis encountering losses after a financial windfall

People who come into money are considered 'lucky', but many aren't ready for the responsibility of managing it.
Watch: Prime Minister Jacinda Ardern breaks her silence over the allegations over her fiancé Clarke Gayford.
Coronavirus

Super-rich thrive as COVID-19 pushes millions into poverty

A new billionaire has been created every 26 hours since the pandemic began.
Money
Sponsored

Exposed: Ten insurance mistakes that cost you money

Insurance can cost a lot of money - but what are you actually getting?
Businesses on the South Island's West Coast are desperate for workers.
Business

'Extremely frustrating': Businesses on South Island's West Coast are desperately trying to recruit workers

The area is facing a critical labour shortage right across the sectors.
Money
Housing

'The market is struggling': Would-be homeowners locked out of property by new lending restrictions

"The affordability test is so hard now that the average NZer who was not vulnerable cannot obtain the credit they could previously."

They are the "unintended consequences" of a new law change, one expert says.
Home Loans

'Extremely concerned': Claims takeaways, Christmas shopping preventing home loan approval

They are the "unintended consequences" of a new law change, one expert says.
Hatch CEO Kristen Lunman, says her biggest financial success is learning to accept that she deserves financial wellness.
Me and My Money

'I'm worthy of making money': Hatch CEO reveals biggest success is overcoming negative feelings about finances

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

Related video: Investors blamed for worsening housing affordability in small-town NZ.
Housing

Will 'realistic pricing' prevail in 2022? Latest expectations for house value growth

But it's important to remember, predictions have been very wrong before.
The Te Rito programme is a collaboration between four media companies.
Journalism

News outlets select 25 budding journalists for Te Rito cadetship

The cohort represents eight ethnicities, 10 languages, the disabled and rainbow communities, and male, female and non-binary cadets.