News

Mini-budget delivers on promises

The new governments’ mini-budget presented to Parliament on 14 December delivered on Labour’s promise to reverse the legislated tax cuts that were to come into effect on 1 April next year, and instead direct that money into welfare. The... Read more

LVR relaxed and mini budget looms

This week the Reserve Bank announced it has loosened its grip on bank lending, making it a little easier for low deposit house buyers. Acting Reserve Bank Governor, Grant Spencer, said, ‘LVR (Loan Value Ratio) policies have been in place... Read more

High standards imposed by insurance companies

It seems insurance companies are requiring landlords and property managers to be much more vigilant in the way rental property is managed. The implications are that if a rental is not managed in a manner that minimises risks to an insurer, then they... Read more

From Xero to hero

Xero is a New Zealand success story. It is now the most widely used online accounting system in New Zealand and is expanding rapidly into Australia and the UK – and to a lesser extent the USA. Not only has it managed to disrupt the accounting... Read more

Your money: Free money comes at a cost

I recently came across some interesting facts and figures about interest-free credit. Typically you see this type of credit advertised by appliance stores and furniture companies. As it happens about 12 percent of those who take out this type of... Read more

Beware of October

‘October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.’ (Mark Twain.) It’s thirty years since the... Read more

Migration and property prices

In the year to the end of July, a record 72,400 more people arrived to live in New Zealand than left.  That represents an annual population increase of about 1.5%. Few would dispute that this has had a significant impact on house prices in recent... Read more

Election promises and property investors

Promises, promises, promises, seems to be the theme of the election campaign to date. Given the uncertainty of the result, the promises have more relevance. Here’s a quick review of the housing policies of the main players. Labour... Read more

Political manias and meltdowns

The election campaign has already brought up its share of extraordinary events: the self-mutilation of the Green Party leadership and the rise of Jacindamania. With those two events the campaign has been transformed as support shifts from NZ First... Read more

Housing affordability and risk

There has been a lot of election talk about housing affordability. There are various ways to measure affordability but Demographia take a simple price-to-income approach which links median house prices to median household incomes. Their 2017 study... Read more