News
Property
REINZ welcomes softened stance on Overseas Investment Amendment Bill
The Real Estate Institute of New Zealand (REINZ) welcomes some of the changes proposed by the Finance and Expenditure Committee in relation to the Overseas Investment Amendment Bill but still believes that the foreign buyer ban won’t solve New Zealand’s housing affordability issues.
- Experts provide property investment outlook (14 June 2018)
- Value of building work put in place: March 2018 quarter (6 June 2018)
- Mayor welcomes thermal upgrade for Hutt homes (30 May 2018)
- Cold New Zealand council housing getting an upgrade (30 May 2018)
KiwiSaver & Saving
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.
- Key --- for mandate read mockery (25 May 2011)
- KiwiSaver cuts put further pressure on Health budget (24 May 2011)
- Public mandates one of four major Budget policy proposals (22 May 2011)
- English takes Budget message to investors (20 May 2011)
Home Loans
LVR start date deferred until 1 October 2016
The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.
- Kiwibank cuts variable home loan rates (11 August 2016)
- BNZ cuts interest rates (10 December 2015)
- Kiwibank cuts floating interest rates (10 December 2015)
- ASB lowers 3-year fixed home loan rate (6 November 2015)
Employment
Living wage win for core public services shows success of campaign - CTU
The Council of Trade Unions President Richard Wagstaff congratulated Living Wage Aotearoa and the Government for moving to a living wage of at least $20.55 an hour by the first of September for all people employed in the core public service.
- Unite to picket Wendy's Dominion store tonight (9 June 2018)
- Survey 'shows just how critical 90-day trial periods are for business and workers' (6 June 2018)
- 90-day trial periods, 'take a chance on me' legislation (6 June 2018)
- Job advertisements: Going soft (6 June 2018)
Tax
Strengthening the TPB's role in protecting consumers of tax services
Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, welcomes tonight’s Federal Budget announcement to provide the TPB with ongoing additional funding.
- Retail NZ asks Nash to stand by GST commitment (16 November 2017)
- Ditch the paper and file GST online - IRD (24 October 2017)
- Auckland builder gets 34 months’ jail for evading more than $500,000 in tax (26 September 2017)
- Tax law change needed to help rebuild and preserve buildings - NZ First (8 February 2017)
Prices & Spending
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.
- Electronic card spending up again in October (9 November 2011)
- Oily Rag by numbers (16 September 2011)
- Tomatoes and green vegetables lift food prices (25 August 2011)
- Core retail card spending up (9 August 2011)
Investing
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.
- Kiwibank switches home loan promotion (7 June 2013)
- Akaroa Gallery to reopen once earthquake repairs completed (5 April 2013)
- Motorcyclist killed in Marlborough crash named (3 April 2013)
- Social housing is Chch Council's shame - Brownlee (14 March 2013)
Business
Investigation opened into Fulton Hogan's proposed acquisition
Investigation opened into Fulton Hogan's proposed acquisition of Stevenson Group The Commerce Commission has opened an investigation into Fulton Hogan Limited’s proposed acquisition of Stevenson Group Limited's construction materials business.
- Consented hotel development placed on the market in mortgagee sale (13 June 2018)
- Randstad urges employers to bridge NZ's 'Diversity Divide' (12 June 2018)
- Aupouri aquifer avocado orchard consents granted (7 June 2018)
- All of Christchurch can now connect to UFB (31 May 2018)
Popular Questions
- How Risky Are Perpetual Preference Shares?
- What Chattels Can Be Depreciated Separately In A Rental Property?
- How Do Bonds Differ From Term Deposits?
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- How Can I Get The Maximum Tax Credit Benefit From KiwiSaver?
- What Expenses Are Tax Deductible When Purchasing Shares?
- Tax on FX Investment
- KiwiSaver: Particularly Good For People Approaching Retirement?
- Is A No-Deposit Mortgage A Good Idea?
- Is It A Good Idea To Invest In Managed Funds?
- How Do We Go About Finding An Investment Adviser?
- Should I Invest In A PIE Or Term Deposits?
- Should I Change My KiwiSaver Provider?
- How Do I Protect Myself From Term Deposit Ripoffs?
- What Are The Pros And Cons Of Investing In PIEs?
- Will I Get Better Investment Advice From Advisers Who Charge Fees?
- Which Investment Should I Choose: Bank, Shares or Classic Cars?
- Should We Use Savings To Pay The Mortgage Or Buy More Property?
- Can We Join Both KiwiSaver And The Government's SSRSS Super Scheme?
- Could I Incur Capital Gains Tax On Share Sales?
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- Do I Need To Pay Tax On The Capital Gain From An Investment Property?
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- To Achieve "Conservative" Returns, What Advantages Does KiwiSaver Offer?
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