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Property
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Prices surging, but volumes steady in rural property market

Data released today by the Real Estate Institute of NZ ("REINZ") shows there were three fewer farm sales (-0.9%) for the three months ended October 2014 than for the three months ended October 2013.

KiwiSaver & Saving
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Concern increased retirement contributions could result in backdoor education cuts

Concern increased retirement contributions could result in backdoor education cuts

The education sector union NZEI TE Riu Roa is calling on the government to come clean about how increased employer contributions to Kiwisaver and other retirement schemes will be funded for the education sector.

Home Loans
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ASB lowers fixed home loan interest rates

ASB has lowered a range of fixed interest rates for terms longer than 6 months and introduced a new four year fixed interest rate special.

6 months fixed rate, 5.80%, No change

1 year fixed rate, 5.99%, -0.10%

1 year fixed rate special, 5.70%, No change

Employment
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Advice to workers on petrol station drive away issue disappoints

The New Zealand Council of Trade Unions has raised concerns with the Ministry of Business, Innovation and Employment ('MBIE') regarding their reported advice to workers about the petrol station drive away issue.

Tax
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Planned outage: IRD web services

Customers are advised Inland Revenue will be changing over all of its mainframe services to a new provider.

Work will start at 6am on Saturday 15 November 2014 and continue throughout the following day.

Prices & Spending
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Discretionary spending increases

Discretionary spending increases

Figures released today by Paymark, which processes around 75% of all electronic transactions in New Zealand, show that Kiwis spent a total of just over $4.6 billion in December via Paymark's network, pushing the annual growth rate up slightly to 3.4 per cent.

Investing
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Antarctica comes to Auckland Museum this August

Step ‘inside’ the historic huts of Antarctic explorers Captain Robert Falcon Scott and Sir Ernest Shackleton to relive a time of extraordinary polar exploration in a new exhibition based around the work of New Zealand photographer Jane Ussher.

Business
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Air NZ and Air China agree strategic alliance

Air New Zealand and Air China have today signed a Statement of Intent as part of Chinese President Xi Jinping’s state visit to New Zealand that will pave the way for a strategic alliance on services between China and New Zealand.

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