Money Matters

Getting paid

There was an interesting story in the media last week that is worth a mention. It was a story about a company going into liquidation and owing good hard working folk some $70,000. There appears to be little prospect of recovery. The story itself... Read more

Budget 2018 – key points

A strong and growing economy is the real story behind the Coalition Government’s 2018 Budget. This is very evident from the Time Series of Fiscal and Economic Indicators which projects Gross Domestic Product (GDP) to grow $17 billion in the... Read more

Warning signs and social housing

Interest rates Last week the Reserve Bank left the official cash rate (OCR) unchanged at 1.75 per cent. That was not a surprise, but as is often the case, the commentary was a useful pointer of things to come. Acting Governor Grant Spencer said he... Read more

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

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

The arrival of Amazon

There is increasing discussion in the business press about the changing nature of retail spending and the affect this is having on the demand for retail space. This is a matter of keen interest to commercial property investors. The debate on this... Read more