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LATEST MONEY NEWS

Share market analyst and Stockfox founder David McEwen, talks about the perils of sticking with an investment without considering a company's plans and performance.
Me and My Money

'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?

1 hour ago
Watch: Latest COVID vaccine hesitancy data shows 79 percent of Kiwis keen to get the jab.
Coronavirus

'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."
Watch: Restaurateur pleads for MIQ hotels to be taken out of Auckland CBD by 2022.
Coronavirus

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.
Watch: Thursday's COVID-19 press conference.
Coronavirus

'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.

Related video: Chlöe Swarbrick discusses proposed warrants of fitness for rental properties.
Housing

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.
Gross domestic product rose 2.8 percent in the June 2021 quarter.
Money

'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.

Watch: Government workers urged to return to office as COVID-19 bites for Wellington CBD businesses.
Coronavirus

'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."
Signage at an Auckland Countdown store shows the high price of grapes during lockdown.
Food Prices

Why grape prices have skyrocketed over lockdown

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

Related: Tuesday's COVID-19 update.
Coronavirus

'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.
Watch: The latest COVID-19 update from the Ministry of Health.
Coronavirus

'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.

Watch: Foodstuffs North Island says it's committed to encouraging competition to help drop food prices.
Money

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

"Look, our profits are not excessive."

Related: Tuesday's COVID-19 update.
Coronavirus

'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."
Related video: United Fresh president Jerry Prendergast spoke to the The AM Show about high produce prices.
Food Prices

'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.

Related video: Chlöe Swarbrick discusses proposed warrants of fitness for rental properties.
Housing

'What do you do?': Internet split over landlord's question about recovering rent from tenant in coma

"It's a touchy subject but rent needs to be covered even though they're grieving."
Watch: Economic support during the lockdown and afterwards was the focus of a Select Committee in August.
House Prices

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

The average Auckland house now costs $1.2 million.
Money
Sponsored

How to make the most of your investments: Expert tips for investing your money

A good place to start is understanding what options are available and what might be the right fit for you.

Cameron Bagrie on The AM Show.
Coronavirus

Economists demand 'magic numbers' from Govt, Treasury as lockdown drags on

An economics professor says the biggest threat to the economy is the ongoing psychological toll.

Under alert level 3, property viewings are allowed, REINZ confirming they're to be a maximum of two per property, per day.
Real Estate

'Over a week's worth of viewing': What an alert level 3 change will mean for the Auckland property market

Under alert level 3, in-person property viewings can be arranged.

Watch: Food prices rise for fifth consecutive month as tomato growers 'try to survive'.
Food Prices

Food prices rise for fifth consecutive month as tomato growers 'try to survive'

If your supermarket receipts haven't made for happy reading lately, you're not alone.
Related Video: Reserve Bank Governor Adrian Orr said in May he expected house price growth to come to a grinding halt.
House Prices

How uncertainty in the construction industry is changing the way houses are sold in NZ

A real estate agent says building cost volatility is driving the change.
Money
Housing

'Hard to imagine a decline': Kiwis sceptical house prices will slow down - ASB survey

A net 59 percent of respondents expected house prices will continue to increase.
Watch: Grower warns Kiwis to pay more for fruit and veges as Pacific RSEs 'nowhere near enough' to meet shortage.
Food Prices

Grower warns Kiwis to pay more for fruit and veges as Pacific RSEs 'nowhere near enough' to meet shortage

"We still have a crisis in front of us."
Price comparison website PriceSpy confirms the price for a pair of Sony headphones changed 160 times across all retailers in the month to September 8.
Money

Price of Sony headphones changes 160 times in a month, shows importance of shopping around

On Friday, the same pair of Sony headphones cost between $384.99 and $659.95.

Reddit users showed spending overruns from $100 each week during the lockdown.
Food

'An extra $800': Kiwis reveal how high grocery bills have spiked during Auckland lockdown

Reddit users showed spending overruns from $100 each week.

Watch: Economic support during the lockdown and afterwards was the focus of a Select Committee in August.
Housing

House asking prices skyrocket by twice average salary over last year

It's the biggest annual increase on record.
Footprint CEO Angela Vale talks about how she saved $46,000 in interest costs and the common misconceptions people have about wills.
Me and My Money

‌'Felt like I'd won Lotto': Wills expert reveals how she saved $46,000 in interest costs

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

Money
Social issues

Racial inequities cost US economy trillions, researchers find

The paper maps out what GDP would have been if gaps in the labour market didn’t exist.
Frances Sweetman on The AM Show.
Economy

Why the economy probably won't get a post-lockdown bump like it did last year

An expert is warning Kiwis not to expect another record bump in the economy after the current lockdown is over.

Related video: In 2020 Craig Cormack had applied for nearly 200 jobs after losing his to the COVID-19 lockdown but couldn't find employment.
Coronavirus

New data shows job listings fell less than past lockdown, already bouncing back

"We are already seeing signs of recovery as restrictions ease."

Related: The Ministry of Health's latest COVID-19 update.
Coronavirus

Businesses call for sector-specific support as COVID wage subsidy bill tops $1.2 billion

The payout is supporting 838,000 employees.

Related video: Why Middlemore Hospital didn't put a COVID patient in a separate room.
Coronavirus

Firms 'getting whacked' by test requirements to cross Auckland border - business owner

"That's coming out of my pocket, obviously."

The latest data from CoreLogic's Housing Affordability report reveals NZ's average property value is nearly 8 times higher than the average annual household income
Housing

Housing affordability worsens 'with little sign of easing' - new report

"Even though mortgage rates have remained very low… housing affordability has simply become worse."
Maria says her bank confirmed a new credit would be posted to her - but she never received it.
Credit Cards

'Dropped the ball': Fraudulent activity on credit card highlights risk of sending replacement cards by post

"This credit card situation made me feel quite insecure."
Watch: Auckland $100k cash drop turns violent, attendee stuck after driving from Palmerston North.
Money

The Safety Warehouse warned after investigation reveals just $3600 given away at $100k 'cash drop' event

The event in Auckland's Aotea Square was attended by 1600 people.
Employment law expert Jennifer Mills answers questions about vaccination in the workplace.
Coronavirus

Coronavirus and employment: Your vaccination questions answered

Can my employer ask if I'm vaccinated - and can my job be affected if I choose not to be?

Watch: Christchurch bar owner happy to get up and running despite blow from Auckland lockdown.
Coronavirus

Southern businesses welcome alert level 2, but ongoing Auckland lockdown still a blow

It's not quite business as usual.
Economic support during the lockdown and afterwards was the focus of a Select Committee in August.
Housing

Will house prices soar after lockdown like last year? Expert weighs in

There are a number of factors that make this year different.
Money
Real Estate

Majority of homeowners couldn't afford to buy their house if purchased now - Consumer NZ

"Our runaway housing market has solidified New Zealand as a country divided by property wealth."
It follows 'continued intermittent issues' on Monday, preventing some customers from using internet banking, the Kiwibank app and website.
Money

Kiwibank says banking services back up and running

It follows 'continued intermittent issues' on Monday, preventing some customers from using internet banking, the Kiwibank app and website.

Soaring prices are making it hard for builders to offer fixed prices on new builds, which has mortgage brokers warning banks won't like it.
Updated
Economy

House builders deterred from offering fixed prices due to escalating costs and shortages

"It's uncharted territory - I haven't seen this before."