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Money

LATEST MONEY NEWS

NZ Finance Minister Grant Robertson.
Economy

'Protect the economy from collapse': IMF urges countries to spend all they can, and 'a little bit more'

Policymakers worldwide should embrace more spending to help revive their stuttering economies, the IMF says.
The cost of renting has risen by more than three percent in the past year.
Housing

'We're in a crisis:' Cost of renting continues to rise after record highs

One property manager says people are getting desperate.

The head of the Reserve Bank of New Zealand has apologised after a cyberattack led to a data breach.
Crime

'I own this issue': Reserve Bank head apologies following cyberattack that led to data breach

The breach was first announced on Sunday

Related video: 'Every politician is scared' of house prices falling - Don Brash.
Housing

House prices jump to all-time highs again as properties for sale plunge - REINZ

The national median price rose by nearly 20 percent year-on-year.
"With COVID things have changed a lot, so this course looks like a good opportunity."
Business

'Start Me Up': Programme launched helping beneficiaries develop skills to start own business

"With COVID things have changed a lot, so this course looks like a good opportunity."
Rural areas are essentially back to pre COVID levels - but cities have some catching up to do.
Economy

House prices in cities expected to drive economic recovery - Westpac

Rural areas are essentially back to pre COVID levels - but cities have some catching up to do.
Stefan Thomas has been unable to access the drive that holds his cryptocurrency.
United States

Bitcoin investor says he has two password guesses left or he'll lose $300 million

"I would just lay in bed and think about it."
Kiwis were gloomy about the chances of a post-COVID economic bounce.
Coronavirus

Kiwis pessimistic about inequality, economic recovery - global survey

The results show New Zealanders are gloomy about the chances of a post-COVID economic bounce.
Some regions recorded higher listing rates than prior to the pandemic.
Coronavirus

Job listings surge as employment sector bounces back

Some regions recorded higher listing rates than prior to the pandemic.
Real Housewives cast member Julia Sloane admits to spending more on clothing and appearance than in her younger days.
Me and My Money

'I never used to be materialistic': Real Housewife reveals what made her spending habits change

How do Kiwis manage their money and does it bring happiness?

Watch: Madison Reidy's report.
Crime

Reserve Bank warned about major security problem before breach, third party claims

The service run by Californian company Accellion told its customers of the high priority problem in mid-December and offered a patch.

The bank uses a third party file sharing service which was compromised on Sunday.
Updated
Crime

Reserve Bank cyber attacks could be linked to data systems it uses

The bank uses a third party file sharing service which was compromised on Sunday.

Money
Crime

Reserve Bank likely hacked by another govt - cyber security expert

One of the Reserve Bank's data systems was breached earlier on Sunday.
Money
Crime

Reserve Bank 'urgently' responding to data systems breach

A third-party file sharing service it used to share and store some sensitive information had been illegally accessed.
Bitcoin jumped more than five percent on Friday.
Cryptocurrency

Bitcoin on record-setting surge, jumps 5pct on day

The cryptocurrency hit fresh record highs of US$41,530 on Friday.

Watch: How your wealth ranks compared to other New Zealanders.
Money

The world has a new richest man

Tesla chief and billionaire entrepreneur Elon Musk surpassed Amazon.com's top boss Jeff Bezos.
Serious Fraud Office recruitment lead Emma Reid says 'sir', 'madam' and 'to whom it may concern' shouldn't be used in job application cover letters.
Employment

'Sir and Madam aren't the business language of today': Five dos and don'ts for writing job application cover letters

Recruitment experts say salutations such as 'Sir' and 'Madam' are outdated.

But sellers shouldn't celebrate just yet.
Housing

Property asking prices soar year-on-year in December as housing stock falls to record lows

But sellers shouldn't celebrate just yet.
Watch: House prices predicted to continue increasing following 11 percent annual growth in 2020.
Housing

Property expert rubbishes claims house prices are becoming unaffordable, says they'll keep going up through 2021

A property market expert says a prediction house prices will stop rising in 2021 because no one can afford them isn't true.

Specialist property accountant Anthony Appleton-Tattersall booked a cruise to the Cook Islands in July last year, paying just $3.
Me and My Money

'The best $3 I've spent in years': Booking a cruise during COVID-19 was money well spent, accountant says

How do Kiwis manage their money and does it bring happiness?
Watch: If you thought house prices couldn't get any higher, think again.
Housing

'Continue as strong as they finished': House prices predicted to rise again following 11 percent annual growth last year

"Nowadays the prices of the home is really high, and it's quite a stressful process for all of us."
Watch: Record number of Kiwis became overnight millionaires in 2020.
Lotto

'Year of the missing millionaires': Lotto says many Kiwis 'completely oblivious' to their wins

Lotto had to try and track a couple of winners down after they didn't realise they'd struck the jackpot.
Here's a breakdown of your rights and obligations under the Holidays Act 2003.
Money

Revealed: What you should be paid for working a public holiday

Here's a breakdown of your rights and obligations under the Holidays Act 2003.
Watch: 2020 was a truly 'strange' year, shall we say, and that extended to the things people were searching on TradeMe.
Updated
Coronavirus

Revealed: Trade Me's most popular listings of 2020

The list is dominated by COVID-19.
Bitcoin hits record high as 2020 ends and 2021 begins, topping US$29,000 for the first time.
Bitcoin

Bitcoin hits record high as 2020 ends

The digital currency almost almost quadrupled in value during 2020.
Petra Bagust and Hannah McQueen share 7 tips for creating cheap fun over the holidays.
Money

'I'm going to spend time': Petra Bagust, Hannah McQueen on how to create cheap fun for kids these holidays

Petra Bagust and Hannah McQueen share their top tips for cash-strapped parents.

Host of The Rock workdays Jen Bainbridge says paying off her credit card - and cutting it up - was her biggest financial success.
Me and My Money

'The interest crippled me for years': The Rock radio host confesses to falling into credit card debt trap

How do Kiwis manage their money and does it bring happiness?
Money
Lotto

'We're absolutely thrilled': Record number of Kiwis became overnight millionaires in 2020

This year is one for the books - and 2020 has also made history when it comes to lucky Lotto winners.

The winning ticket was bought in Oamaru.
Lotto

North Otago family 'still spinning' after $18m Boxing Day Lotto win

"We have so many thoughts swirling around in our heads – it doesn’t feel real yet."
Watch: Mortgage lending hits record high as investors and first-home buyers swarm property market.
Housing

Housing market predicted to cool next year - expert

One property expert believes housing prices will continue to rise, but at a considerably slower rate.

There's nothing like a bit of retail therapy to finish up a tough year.
Retail Trade

New Zealanders flock to shops for Boxing Day deals

There's nothing like a bit of retail therapy to finish up a tough year.

A massive Lotto win of $19 million is up for grabs this Boxing Day.
Lotto

Boxing Day blockbuster: Massive $19 million Lotto win up for grabs

Time to fill your bank account for some Boxing Day deals.
Morgage lending in November hit a new record high - with investors responsible for the bulk of the increase.
Housing

Mortgage lending hits record high as investors, first-home buyers swarm property market

But for some of them the party's about to end.
Continental European senior sales executive Kerry Hoffman said over the last six months, luxury car sales were the biggest he's seen in 20 years.
Cars

'The biggest I've seen - ever': Luxury car sales soar over last six months

Luxury car sales including Audi, BMW, Mercedes-Benz, Porsche and Range Rover have been popular alternatives to international travel.

Kiwibank chief economist Jarrod Kerr
Me and My Money

'Scale up': Bank economist suggests three ways to make houses more affordable

How do Kiwis manage their money and does it bring happiness?
Sue-Li Tasker Yeo says she's considering taking on the cost of the missing package herself so the courier doesn't have to pay an excess.
Money

Auckland woman 'horrified' to learn courier could be forced to cover cost of her missing $1k package themself

"I sort of can't believe something like this happens in New Zealand."
Watch: New figures show the cost of renting a home has risen by more than 20 percent in fve years.
Updated
Housing

Rents up everywhere, as demand far outstrips supply

Six percent more rentals were available in November than a year ago, but demand is up more than three times that.
Watch: The NZX has admitted it wasn't prepared.
Business

How cybercriminals were able to hack into NZX as it admits high standards were not met

"There has been a degree of complacency within some organisations in New Zealand."
The group came under fire for taking the money and then proceeding to cut as many as 750 jobs.
Business

Warehouse Group to repay $68 million wage subsidy

The group came under fire for taking the money after cutting up to 750 jobs.
Watch: The Safety Warehouse has been fined tens of thousands of dollars for sending spam text messages.
Updated
Business

Safety Warehouse slapped with $30,000 fine for 'taking advantage' of COVID-19 crisis

The company drew criticism earlier this month over its contentious 'cash drop' event in Auckland's CBD.