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Money

PERSONAL FINANCE

The popularity of interest-free payment offerings boomed after last year's Level 4 lockdown - but so too has officials' concerns.
Exclusive
Personal Finance

Exclusive: Call to regulate 'buy now, pay later' as people forgoing basics to repay debt

Money
Personal Finance

Over a quarter of Kiwis feel wealthier compared to post-lockdown last year - report
A June Centrix report shows non-mortgage lending is up 38 percent from April to May 2021.
Loans

'Strongest its been all year': Value of non-mortgage loans tops $600 million
Gillian Boyes, FMA
Me and My Money

'Feeling of control': Market watchdog talks about the buzz of being a saver and why spending decisions can take hours

REAL ESTATE

Watch: Economist Cameron Bagrie predicts the Auckland housing market will turn in 2022.
Housing

Housing market close to 'significant turning point' after Govt's investor crackdown - new report
Related video: Swarbrick and Richardson go head-to-head on The AM Show in a clash over rental properties.
Housing

The surprise Auckland area where rents are declining
As a solo parent and business owner, Sasha Chekal is focused on building a financial future.
Me and My Money

'Kitchens and bathrooms sell homes': Property renovator reveals top tips for adding value on a budget
REINZ annual data shows the areas where the ten cheapest 3-bedroom homes sold in Auckland.
Real Estate

Revealed: The Auckland suburbs where family homes under $500,000 sold over the last year

LATEST MONEY NEWS

Related video: Opoly wants to level the playing field for people priced out of the housing market.
Money

'Absolute mission': Christchurch woman frustrated she had to fix company's error which linked to her IRD number to stranger's investment

The accounts were with Auckland-based investment company Fisher Funds worth approximately $12,000.
Watch: Sick leave is about to double - but you may not be able to access it immediately.
Money

Sick leave is about to double - but you may not be able to access it immediately

But a provision to make sure workers can use it when they need it is in the works.
Related video: Workplace Relations Minister Michael Wood says the Government is "open-minded" about giving sick leave to workers even before they have finished six months in a job.
New Zealand

Employees are about to get 10 sick days a year: Here's everything you need to know

Unions are welcoming the increase but say more is still needed.

Watch: Economist Cameron Bagrie predicts the Auckland housing market will turn in 2022.
Housing

Housing market close to 'significant turning point' after Govt's investor crackdown - new report

After a hot start to the year, sales volumes have eased to 2019 levels and demand has cooled too.
Watch: Household savings have fallen to their lowest level in two years, as people spent up big post-lockdown.
Housing

Surging house prices lift household wealth, but savings slump - Stats NZ

An experimental series shows net worth rose 5.5 percent to $2.3 trillion in the three months.
Related video: Swarbrick and Richardson go head-to-head on The AM Show in a clash over rental properties.
Housing

The surprise Auckland area where rents are declining

The rest of the region is on the up.
Watch: Insurance companies have been put on notice after it was found many of them were overcharging or not applying promised discounts to consumers.
Updated
Money

Why some insurance customers should soon expect refunds

At the moment, only two of 42 general insurers meet expectations.
Watch: Record number of Kiwis became millionaires in 2020.
Lotto

Lotto results: The numbers you need to win the $15m Powerball

The numbers for Wednesday's massive Lotto Powerball draw have been drawn.
Film director Paolo Rotondo says working as an artist whilst raising a family is both a generous and selfish choice.
Me and My Money

'Feast or famine': Film director says lack of financial certainty makes arts career both a generous and selfish choice

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

The popularity of interest-free payment offerings boomed after last year's Level 4 lockdown - but so too has officials' concerns.
Exclusive
Personal Finance

Exclusive: Call to regulate 'buy now, pay later' as people forgoing basics to repay debt

The schemes can push people into financial hardship.
Cameron Bagrie on The AM Show.
Politics

Economist explains why inflation is 'quite convenient' for the Govt

"Inflation is also a pretty easy way to erode their debt - make it magically disappear."
Money
Podcasts

Self-taught videographer turns passion into successful business

"Its time for me to do something I really love instead of going back to another corporate job doing 9-5"
Two big name wine brands are up for sale.
Business

'There would be interest': Big name wine brands up for sale

A pair of big name wine brands have been forced onto the sales block.
Watch: Annual inflation rises over 3 percent, the biggest hike in a decade.
Business

What investors should be doing now higher inflation, interest rate rises on the horizon

Higher rates are here and on the global horizon.
Related video: Cost of living has the biggest increase in a decade.
Food and Drink

Explained: Why is NZ's food so expensive when we produce enough to feed 40 million?

"If we're earning lots and lots of money from exporting we should get it a bit cheaper here, but the opposite happens."

Summit Building Wash has developed a machine that washes buildings safer, faster, cheaper and more sustainably.
Business

Wellington building cleaners develop high-rise washing machine

They've created a machine with rolling brushes like those used in car washes - but this one's for high rises.
The company has been going through a well-publicised process to find a new investor.
Business

Owner of wine company Villa Maria owes bankers $212m

The company has been going through a well-publicised process to find a new investor.
Related video: The cost of living has had the biggest increase in a decade, due to higher costs for construction and petrol.
Food Prices

'Extortionate prices': Why a block of Tasty cheese costs $17 in NZ but $9 in Australia

The Tasty cheese which is found in New Zealand is not the same as what's in Australian supermarkets.
Money
Journalism

Newshub, other news outlets launch programme to develop and hire more Māori, Pasifika journalists

Starting February 2022, it'll see 25 journalists trained and hired to "share the important perspectives and stories of Aotearoa".
Watch: Madison Reidy's full report.
Inflation

Annual inflation sees biggest rise in a decade

CPI rises 3.3 per cent.

Watch: Brad Olsen speaks with The AM Show.
New Zealand

'Going to hit Kiwis in the back pocket': Economist warns cost of living will rise

"Although we might be spending more, that's only because prices have increased."

The Reserve Bank is expected to start raising its key interest rate as soon as next month.
Business

Cash rate rise will affect just about everyone - economist

The era of ultra-cheap money looks to be coming to an end after yesterday's Reserve Bank monetary statement.

They say inflated rates of public sector pay are only making private recruitment woes worse.
Business

Govt agency recruitment hurting private business, lobby group says

They say inflated rates of public sector pay are only making private recruitment woes worse.
At age 23, Nikita Seth is set to become a franchisee of a new hotel based in Auckland's Mt Eden.
Business

'I want to get the basics right': 23yo set to become hotel chain's youngest franchisee

She had her heart set on a medical career, but that's changed to hospitality.

Watch: Frances Sweetman speaks with The AM Show.
New Zealand

Reserve Bank likely to increase OCR 'as slowly as it can' due to high levels of debt - expert

Yesterday the OCR remained unchanged at 0.25 percent.
Related video: What a 'gig economy' is and what it would mean for New Zealand.
Employment

Majority of gig workers earning below minimum wage - survey

Just 17 percent of workers estimated that their average hourly rate after expenses was over $20.
Related video: An expert says the Reserve Bank won't hike interest rates massively as it'd make housing market 'fall over'.
Interest Rates

ASB predicts OCR rise next month after Reserve Bank announces unchanged rate

The official cash rate is still 0.25 percent.
Related video: Reserve Bank won't hike interest rates massively as it'd make housing market 'fall over' - expert.
Interest Rates

Reserve Bank money printing programme to come to an end, OCR on hold

"A rate hike (or four) is coming," bank economist says.
As a solo parent and business owner, Sasha Chekal is focused on building a financial future.
Me and My Money

'Kitchens and bathrooms sell homes': Property renovator reveals top tips for adding value on a budget

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

Mortgage rates are on the way up with ASB the first bank to move.
Updated
New Zealand

Major bank increases interest mortgages rates ahead of OCR announcement

However the banks say interest rates are still at historically low levels.

Money
Personal Finance

Over a quarter of Kiwis feel wealthier compared to post-lockdown last year - report

Also, the number of Kiwis who struggle to make ends meet has halved.
REINZ annual data shows the areas where the ten cheapest 3-bedroom homes sold in Auckland.
Real Estate

Revealed: The Auckland suburbs where family homes under $500,000 sold over the last year

They're a step onto the property ladder, but most require a longer city commute.

The June food price index is out and shows fruit and vegetable prices rose 9.4 percent month-on-month - the largest rise in more than four years.
Updated
Food Prices

Veggie prices soar in June, marking highest rise in four years

The Statistics New Zealand food price index shows vegetable prices rose 15 percent in June.

REINZ CEO Jen Baird said stock available for sale in June was the second-lowest on record.
Real Estate

Property prices up again, dashing buyers' hopes of a winter bargain

June had the second-lowest number of houses for sale on record, REINZ says.

Stamp collectors are worried New Zealand is closing the chapter on the humble stamp.
Business

'It is shocking': New postage rules spark concern stamps will soon be stamped out

Stamp collectors are worried New Zealand is closing the chapter on the humble stamp.
Related video: Workplace Relations Minister Michael Wood says the Government is "open-minded" about giving sick leave to workers even before they have finished six months in a job.
Employment

Employee sick days are about to double: Here's what this means for you

From July 24, employees will be entitled to 10 days of sick leave per year.

Having bought a 2-bedroom house in Hamilton in March, Simran Kaur shares how she managed to save a deposit of $56,840 by age 23.
Real Estate

'A year of strenuous saving': University graduate on how she saved $56,000 for a first home by age 23

Her deposit of $56,842 consisted of KiwiSaver, personal savings and profit from investing in the share market.

Watch: Why interest rates won't need to rise too much to have a meaningful impact.
Economy

Another bank predicts interest rate spike by year's end, gradual increases from there

It comes ahead of this week's Official Cash Rate announcement from the Reserve Bank.
New Zealanders are feeling the pain at the pump as a reawakening world pushes fuel prices to heights not seen since before the pandemic.
Motoring

New Zealanders feel pinch at pump as fuel prices reach heights not seen since before pandemic

Last week the average was $2.37 a litre and showing no sign of slowing down.

Eric Watson.
United States

Eric Watson charged with insider trading in US

The convicted criminal and former New Zealand rich-lister, Eric Watson, and two others have been charged with insider trading in the United States.