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

PERSONAL FINANCE

Financial columnist Mary Holm
Me and My Money

'Stay on the sidelines': Mary Holm on why first-home buyers don't have to rush buying a house right now

Mum-of-two Rachael Fitzjohn says although her kids have bank accounts, returns from the sharemarket have been higher.
Investment

'They're making more than in a bank account': Single mum uses shares to teach kids about growing money

Marking International Women's Day, the Commission for Financial Capability has launched 'Sorted Women' to help women be more confident with their money.
Money

'Women view money differently': New money course caters to womens' financial needs

Commission for Financial Capability personal finance lead Tom Hartmann says high-interest debt can catch people out, making them spend more than they intended.
Me and My Money

'Stretches us to the brink': Sorted website guy talks about the one thing that stops people getting ahead

REAL ESTATE

The Reserve Bank confirms the Official Cash Rate remains at 0.25 percent.
Interest Rates

OCR unchanged as economic outlook continues to improve
Ray White chief auctioneer John Bowring says auctions for homes up to $1.4m are attracting fewer registered buyers, but generally sell within 10 days of the auction.
Real Estate

'We're seeing one or two': Fewer registered buyers for Auckland properties up to $1.4 million - auctioneer

Economist Cameron Bagrie on The AM Show.
Housing

Investors losing interest in property - survey
Real estate concept. House on calculator. Mortgage. 3d
Business

Govt should consider allowing deductibility of interest payments for property investors - tax expert

LATEST MONEY NEWS

Watch: Growing hesitancy in housing market as FOMO gives way to FOOP.
Housing

Growing hesitancy in housing market as FOMO gives way to FOOP - the fear of overpaying

Remember when FOMO was fuelling irrational behaviour in the housing market? Now it's all about FOOP, industry insiders say.
Related video: National unveils plan to fund infrastructure, get houses built.
Housing

'Unsustainable': Real estate industry says 'unaffordable' house price rises have to slow down

House prices are rising so quickly, even real estate agents are calling for calm.

The Reserve Bank confirms the Official Cash Rate remains at 0.25 percent.
Interest Rates

OCR unchanged as economic outlook continues to improve

The Reserve Bank has left the current settings unchanged.

Watch: The construction sector wants to know why more women aren't becoming tradies.
Updated
Employment

'Shouldn't you be in a dress?': Women tradies share horrific stories of barriers they face

"I have faced comments along the lines of 'We don't cater to your type here.'"

New Zealand money and calculator
Kiwisaver

Financial Markets Authority still targeting KiwiSaver funds charging unreasonable fees

KiwiSaver providers must do an annual review of the fees they charge, justify them and report their findings, the FMA says.
nib CEO Rob Hennin
Me and My Money

'I lost a lot of money': Health insurance boss says people should be prepared to challenge financial recommendations

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

Western Union currency strategist Steven Dooley says Aussies will spend their cash on unique outdoor experiences and the current exchange rate will give them good bang for their buck.
Travel

COVID-19 trans-Tasman bubble will benefit regions more than cities - money transfer provider

He says Aussies will be looking for unique outdoor experiences in New Zealand.

Annabelle Reynolds was made redundant from her advertising job.
Podcasts

Surfer turns pipeline dream into reality after advertising job redundancy

"I remember chatting on our zoom call and I just had tears rolling down my face."

Ray White chief auctioneer John Bowring says auctions for homes up to $1.4m are attracting fewer registered buyers, but generally sell within 10 days of the auction.
Real Estate

'We're seeing one or two': Fewer registered buyers for Auckland properties up to $1.4 million - auctioneer

Buyers are making a conditional offer if the property is passed in.

Economist Cameron Bagrie on The AM Show.
Housing

Investors losing interest in property - survey

One of the country's leading economists says the tax changes have caused a "substantial decline" in interest.
Cameron Bagrie on The AM Show.
Economy

The regions with the best and worst credit scores revealed

An economist has credited actions taken by the Govt and Reserve Bank last year with keeping Kiwis' credit scores high.

Money
Money

Reserve Bank tipped to hold steady in regular review

"We expect a good deal of cut and paste from February's statement."
Real estate concept. House on calculator. Mortgage. 3d
Business

Govt should consider allowing deductibility of interest payments for property investors - tax expert

Instead of abolishing the tax break entirely, the Govt is urged to consider allowing 50 pc deductibility.

Woman looking worried with child in background
Housing

'Near impossible': Single mum says rent rise will stall progress saving for a first home deposit

Her rent will go up by $20 per week from May.

Money
Coronavirus

Govt spending on contractors skyrocketed for Police, Defence Force in wake of COVID-19

Thousands of private contractors and consultants were collectively paid more than $1 billion last year.
Watch: There's already evidence of landlords following through on threats to pull out of the industry.
Crime

Landlords could face jail if they form rent cartels

Landlords teaming up to raise rents en masse in response to the new tax rules could potentially end up behind bars.

Man with cellphone and computer
Scams

'I feel terrible': Man who lost life savings to woman he met on Tinder warns Kiwis to do their research

When he finally asked to withdraw his 'gains', the woman blocked all contact.

Related video: Government's new housing rules seemingly spook some investors out of housing market.
Housing

Landlords' threats to hike rents or sell are likely empty - expert

Their new costs are dwarfed by the capital gains they're making, CoreLogic economists say.
The Remarkables ski field
Coronavirus

Major ski company hiring hundreds of extra staff for Australian guests

The company plans to hire up to 300 staff to cater to the trans-Tasman bubble.
AA Insurance says homemade ginger beer exploding in the fridge is among the more quirky claims paid.
Insurance

Exploding ginger beer: Insurer reveals 'quirky' customer claims

Examples of unexpected events and mistakes that cost money to fix.

Financial columnist Mary Holm
Me and My Money

'Stay on the sidelines': Mary Holm on why first-home buyers don't have to rush buying a house right now

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

Related video: New Zealand's housing market hottest it's been in almost two decades.
Housing

Fewer people showing up to auctions, open homes after bright-line and tax changes

While this bodes well for first-home buyers looking to get into the market, most agents still expect prices to keep rising.
Businesses have lost almost half their business and can't wait for those Aussie dollars to roll in once the bubble opens.
Tourism

Trans-Tasman bubble: Businesses say travel announcement will save thousands of jobs

They've lost almost half their business and can't wait for those Aussie dollars to roll in.

Related video: Government's new housing rules seemingly spook some investors out of housing market.
Housing

Fall in house prices 'possible' thanks to landlord tax crackdown - ASB

"The price an investor would now be willing to pay for a property will clearly be less."
Analysts say as long as bBitcoin stays above US$53,000, it will be able to maintain its $1 trillion market cap.
Money

Another record high: Bitcoin holds US$1.1 trillion market cap for a week

Gains over the past several months attracted demand from both institutional and retail investors.
Related: NZ's poor productivity linked to fear of technology.
Economy

What productivity is and why it's not the same as money and wealth

Despite NZ's relatively good GDP growth over time, our productivity growth has lagged.
Cameron Bagrie on The AM Show.
Economy

GDP figures 'undoubtedly going to be negative', but recession already over - economist

While the next GDP figures are likely to show we're in a recession, chances are we're already out of it, an economist has claimed.

Money
Kiwisaver
Sponsored

Getting your KiwiSaver investment on track

Some important KiwiSaver tips from the experts.
Money
Currency

Visa launches pilot program to allow customers to pay settlements with cryptocurrency

The company said it plans to offer the option to more partners later this year.
"It was just average."
Food and Drink

Hospitality sector reports 'average, flat' Easter, awaiting 'shot in the arm' Aussie bubble

"It was pretty much just a flat Easter across the country."
Data from Retail NZ's latest sales index shows New Zealanders spent 29.8 percent more on average at each Retail NZ member site.
Economy

'Significant inflationary pressures' building, most retailers planning to hike prices - retail group

Around two-thirds of Retail NZ members expect to see prices increase.
Opoly wants to level the playing field for people priced out of the housing market.
Housing

Kiwis offered chance to buy shares in $1m Ponsonby apartment in new investment scheme

"It's not the same as owning an entire property yourself, but it's a way to grow your savings with the property market."

Watch: Minimum wage employee relieved at $1.10 increase.
Money

'A long time coming': Minimum wage employee relieved at $1.10 increase

It brings minimum wage up to $20 an hour.
Watch: The Reserve Bank says half of first-home buyers are borrowing five-times their income.
Real Estate

Monster mortgages: Half of first-home buyers borrowing five-times their income

"We are going to see first-home buyers getting in a much more compromised position."
Money
Money

Living wage set to increase in line with minimum wage hike

Thousands of workers will reap the benefit of the increase.

Related video: Government's new housing rules seemingly spook some investors out of housing market.
Housing

Houses have never been more expensive in most of NZ, new figures show

The average asking price in March was $834,769 - up $120,449 on the same time last year.
Watch: Mark Collins says some investors are already pulling out of the market.
Housing

Investment still 'attractive proposition' for landlords despite tax changes - CEO

But some investors are already pulling out of the market - that's good news for first home buyers, not such good news for renters.
Kirk Hope and Melissa Ansell-Bridges on The AM Show.
Economy

Job losses due to minimum wage hikes never happen - union

"Every year when the minimum wage goes up you hear... that jobs are going to be lost... we never actually see those losses."

Watch: NZIER chief executive Todd Krieble on why the minimum wage should be increased.
Money

How much will someone on minimum wage now earn?

The Government says the rise will see the incomes of 175,500 Kiwis lifted.
Watch the Government's housing announcement.
Housing

Housing affordability worsens as national prices continue to rise in March

The annual growth rate has now hit its highest level since January 2006.