KiwiSaver underperforming compared to Aussie counterpart According to a recent report by KiwiSaver, there are notable disparities in performance when comparing the New Zealand-based retirement savings system to the Australian Superannuation system. KiwiSaver, a unique New Zealand institution, has been shown to underperform in comparison to Australia's Super system. A recent exclusive report by O..

New Zealand's ANZ Bank to Increase Home Loan Rates Ahead of RBNZ OCR Review Wellington, October 25, 2023 - One of New Zealand's largest banks, ANZ, has announced measures to raise home loan rates in anticipation of the upcoming review of the Official Cash Rate (OCR) by the Reserve Bank of New Zealand (RBNZ). On the afternoon of October 24, ANZ Bank revealed plans to increase home mortgage rates ..

Far North, Karikari Beach Sand Dunes: Escalating Land Ownership and Maori Tribe Dispute In the northern reaches of Far North, tensions are on the rise as a dispute between landowners and local Maori tribes intensifies over access to the sand dunes of Karikari Beach. The subtribes of the Ngāti Kahu Maori tribe, Whānau Moana and Te Rorohuri, have initiated this conflict by occupying Whatuwhiwhi Ro..

New Zealand Faces Decrease in Chinese Exports New Zealand's exports to China, which had reached a substantial annual value of $19.7 billion until September, are showing a recent decline. According to the latest trade trends data from the Statistics Bureau, New Zealand's exports to China accounted for 27% of the total annual goods exports until September, amounting to $70.4 billion, but these fig..

Young family pays $8.23 Million for Remuera trophy home A nearly new mansion located in Oakland's Remuera now boasts a garage with a turntable, a heated swimming pool, and a gym facility. This luxurious abode was recently purchased by a young family for a staggering $8.23 million. According to OneRoof, the residence is situated on Orakei Road and comprises five bedrooms and five bathrooms. Compl..

Magnitude 6 earthquake shakes New Zealand's Kermadec Islands A magnitude 6.0 earthquake struck the waters off New Zealand's coast. A magnitude 6.0 earthquake struck the Kermadec Islands, north of New Zealand, on Monday, according to the US Geological Survey. The earthquake's epicenter was located at a latitude of 29.95 S and a longitude of 177.52 W, with a depth of 23 kilometers. This informatio..

Tauranga, Mount Maunganui residents call for better air quality Mount Maunganui, New Zealand - Residents and visitors of the Mount Maunganui region are emphasizing the importance of improving air quality alongside the area's growth and safe mobility. The Tauranga Council is reported to be in discussions with the Mount Maunganui and Arataki community about a draft plan addressing these concerns, ..

Auckland Townhouse Development in Flood-Prone Area Sparks Outrage Auckland, January 27 - Following record-breaking rainfall due to climate change, the Onehunga area in Auckland was inundated by a devastating flood. Now, a new townhouse development plan in this area has sparked controversy among local residents and potential buyers. Residents claim that this development is a misguided plan that c..

New Zealand Housing Market: Decreased Concerns of Decline and Shifting Buyer Sentiments In the midst of heated discussions about the optimal time to enter the New Zealand real estate market, the latest ASB Housing Confidence Survey indicates a shift in expectations. Only 8% of respondents anticipate a continuous decline in housing prices, marking a significant 34% decrease from the previous quar..

Statistics New Zealand Releases Q3 2023 Consumer Price Index (CPI) and Housing Price Increase New Zealand's Consumer Price Index (CPI) rose by 5.6% year-on-year from July to September 2023, as reported. Citing data released by Statistics New Zealand, the publication noted that despite the third-quarter CPI increase being at its lowest level in two years, it still significantly surpasses the targ..

Inflation rate falls to 5.6% as economic cooling continues According to data released by the statistical agency on October 17th, New Zealand's Consumer Price Index (CPI) for the 3/4 quarter has been recorded at 5.6%, indicating a continued decline in inflation. The Consumer Price Index (CPI) is a key indicator reflecting the annual fluctuations in prices of goods and services. Although the annua..

Confidence in housing market up, ASB survey shows Confidence in the housing market is perking up, with more people believing house prices are now past their lows and are set to increase, according to a new ASB survey. The bank's just-released housing confidence survey shows 8 percent of the 2900 respondents expected house prices to fall further, down from 34 percent the previous quarter. ASB eco..

How much has this shopping list gone up in price since 2021? Two shopping lists two years apart have highlighted how much more we're paying at the checkout. Grocery food prices are 19.3% higher than they were in September 2021 and that's reflected in the results from Fair Go's latest shop across the major supermarkets. The programme has been checking the prices on common grocery items throughout..

New Zealand National Party's Luxon to lead new government New Zealand's National Party Secures Victory in General Election, Christopher Luxon Set to Assume Office as Prime Minister In a significant electoral triumph, New Zealand's leading political party, the National Party, has emerged victorious in the general election, paving the way for political novice Christopher Luxon to assume the role o..

Trade Me Reports Ongoing Increase in Weekly Rental Rates in New Zealand According to Trade Me, over the past year, weekly rental median values have risen by over 10% in six regions of New Zealand. The latest rental data reveals that in September, the nationwide weekly rental median remained at $620 for the fourth consecutive month. This marks a 7.8% increase compared to the same period last year..

New Zealand New record: Annual net migration tops 110,000 for the first time in history According to Statistics New Zealand, it has been revealed that in the past year, the net immigration in New Zealand increased by 112,000 individuals. This figure represents the difference between the number of arrivals and departures, encompassing individuals who change their country of residence regardless o..

Tenancy Tribunal: Landlords to pay $14,000 after raw sewage left pooling from septic tank The Tenancy Tribunal has issued a ruling requiring a landlord to compensate a tenant with $14,000 for neglecting a septic tank. According to the verdict, the tenant was paying a weekly rent of $200, yet the residence was not approved for residential use and was in a severely dilapidated state. The septic ta..

Israel-Hamas conflict: More pain at the pump to come as Israel-Hamas conflict sees oil prices jump In a stark warning, a leading economist cautions that the intensifying conflict between Israel and Hamas is causing a spike in oil prices, posing difficulties for New Zealand as a kiwi-producing nation heavily reliant on oil supplies. Already grappling with a cost-of-living crisis and rising petrol..

QV data shows residential property market slowly recovering The residential property market is showing signs of “revitalisation” throughout the country, according to Quotable Value. The market remained largely flat overall, with the average home value increasing by just 0.9% in the September quarter to $899,256, the latest QV House Price Index showed. However, twice as many of the main urban cen..

New Zealand Real Estate Market on the Rise with Increase in First-Home Buyers New Zealand's housing market is showing an upward trend, fueled by a surge in first-home buyers. According to the latest Housing Price Index from the Real Estate Institute of New Zealand (QV), the average housing price in September rose by 0.9% over the three-month period from August, indicating a generally stable hous..