web analytics
The Standard

Landlords: youse are better off renting

Written By: - Date published: 8:43 am, July 23rd, 2008 - 28 comments
Categories: housing - Tags:

The graphic to the left was produced by the Property Investors’ Federation and was printed unquestioned in the Herald yesterday. The PIF uses the figures to claim Kiwis are better off renting. Here’s what’s wrong with them.

First, it’s comparing the average rent to the cost of buying a median house. Rental properties tend to be lower quality, cheaper – so are likely on average to be worth well below the national median. Comparing apples with apples would look at the rent on properties of the same value.

Secondly and most importantly, if you’re buying the house at the end of 25 years, you own a house. If you rent, at the end of 25 years you have nothing. That’s a pretty serious difference. If you buy rather than rent you might pay some more (less than the difference in the graphic though) but you end up with an asset in the end.

So, what is the Property Investors’ Federation‘s interest in trying to convince Kiwis they are better off renting? Well, as the name suggests, the PIF is a political lobby group that represents landlords – ie people who make money off others renting from them, people who obviously think that owning properties, multiple properties, is worthwhile.

Why would a group of landlords want people to think renting is better than buying?

– to decrease demand for buying houses, so PIF members can buy them more cheaply
– to increase demand for rentals, allowing PIF members to put up rents
– to undermine the demand for the Government to intervene in the housing market with a large affordable housing policy. If the Government builds lots of affordable houses, PIF members’ tenants will be able to find cheaper rentals and cheaper houses to buy. That’s good for most Kiwis, bad for the PIF landlords.

Landlord lobby group comes out with flawed figures suggesting renting is cheap just as the Government appears to be developing a housing affordability policy. Funny coincidence that.

28 comments on “Landlords: youse are better off renting”

  1. T-rex 1

    Onya Steve.

    For a moment I thought you writing in support of the position!

    All good points. That aside though, I think until house prices correct (say a couple of years) people probably ARE better off renting.

    But yes, the PIF are being total wankers and hiding many benefits. And some costs.
    For example
    1) they say 90% of a $345k house, yet ignore the cost of capital on the $34k deposit they’re implying.
    2) They ignore the effect of inflation. Rents will increase with inflation, but mortgage payments will remain fixed.
    3) They use 10.4% interest. I don’t imagine anyone in the country is stupid enough to get a floating rate loan right now. 9% would be a far more realistic figure, yet they haven’t used it for obvious reasons.

    See Trav, the world is full of lying bastards who are out to screw people, you don’t have to believe in invisible unicorns to find them.

    edit: I think the biggest reason not to buy a house right now under the circumstances they describe is that if (cough – when) values do drop, you could very easily wind up with negative equity if your deposit is only 10%. Negative equity = foreclosure = bad.

  2. higherstandard 2

    T-Rex

    Agreed.

    Caveat emptor ……. that being said there will always be good deals and bad deals regardless of whether the market is buoyant or depressed.

  3. T-rex 3

    Absolutely – course, it’s a lot harder to approach things with due caution when all media, REINZ, and agents are peddling the “buy now or be forever in poverty” line. f*ckers.

    On an unrelated note, GOD I hate our sensationalist media.

    Headline: ‘Batman Star Denies Attack on Mum, Sister‘.

    The article then mentions that no charges were made.

    The article completely fails to mention that the charges under consideration were verbal assault class 4/5. What a f*cking beat-up!

  4. coge 4

    Thanks for posting this story Steve. I will play the devils advocate to your position. The PIF do have a point, many of their own members are renters themselves. So in some cases their suggestion does make very good economic sense. Landlording is not an entirely risk free business, times like these it requires testicular fortitude that not everyone has.

    I know I have covered the Govt suggestion to build affordable housing for HNZ tenants. A good idea in principle, as many of the existing HNZ buildings are not up to standard. However I stand by my opinion, that building sufficient centrally located affordable huosing is a virtually impossible suggestion. Ask anyone who has built in the last couple of years if you don’t believe me. The emphasis is on the “affordability” If an equal sum was spent renting existing buildings off the private sector the Govt could house perhaps ten times as many tenants. In fact HNZ, to their credit, already lease many such homes for their clients.

  5. BeShakey 5

    All good points. Plus 10.4% interest is fairly high, and all signs are that it’ll be coming down in the future. So assuming 10.4% over 25 years is a nice way of significantly increasing the cost of the house.

  6. higherstandard 6

    Indeed the print media is asinine all to often.

    You seem a bit depressed lately – if you need a smile take a look at this for another spin on world news.

    http://uncyclopedia.org/wiki/UnNews:Main_Page

  7. T-rex 7

    Ha!

    Awesome! Thanks :)

    Yeah, I’ll get over it. ‘Interesting times’ at present. Interesting in an awesome way, but still raised stress.

  8. MacDoctor 8

    Secondly and most importantly, if you’re buying the house at the end of 25 years, you own a house. If you rent, at the end of 25 years you have nothing

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years.

  9. T-rex 9

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years

    Aye. It’s still a poor comparison though. Especially since it wouldn’t be $440 for 25 years, as inflation would force the rent up over time. Swings and roundabouts, ups and downs, and in the long run it’s likely not all that different. In the short run, I’m with the “don’t buy a house” option. Sorry people who bought houses, that’s what you get for believing in the perpetual 12% capital gain fairy.

    I think the reason people who buy houses appear to end up more wealthy is that they’re forced to be. Your scenario is good in theory MD, but the reality seems to be that people put the 1.7 million into consumer products that end up worthless.

  10. MacDr. but, as T-Rex points out and I didn’t mention because the numbers get awfully complicated and too many assumptions are needed to model it, rents will be going up over those 5 years, the mortgage payments won’t – so the difference won’t be anything like that amount.

  11. Phil 11

    Good spotting Mac – Steve talks about ‘apples with apples’ and then ignores his own advice.
    I suspect he is right about rental properties being on average of lower quality. However the extent to which they are is debatable – I think the difference, on average, is going to be less that Steve’s implicitily assumed.
    A comparison of rental vs sale property on Trademe would be a good start for anyone with the time and inclination.

    “suggesting renting is cheap just as the Government appears to be developing a housing affordability policy. Funny coincidence that”

    The only funny part to the whole post is that you think this is new. One of the primary underpinning reasons we’ve been talking about housing affordability for the last, oh, lets say 4 YEARS, is because this type of analysis shows just how badly the investment doesn’t stack up.

  12. Phil 12

    “rents will be going up over those 5 years, the mortgage payments won’t”

    But the insurance component of ownership probably will as the value of the property increases. The maintenance will too as the house ages, and rates will continue ever upward.

  13. infused 13

    Rent will be hardly moving in the next 5 years. Also, your first point is wrong. I rent a very nice 3brdm house with double garage 5mins from work. It costs me $220 a week. It’s value is over $350k. GG assumptions.

  14. T-rex 14

    infused – Then your landlord is either a saint or a fool.

  15. Daveski 15

    There is undeniably a house affordability crisis.

    Without doubt, in the short term, renting is a far better option and all obligations and risks fall on the landlord eg think leaky buildings.

    Over the long term, house values tend to rise, mortgage payments remain static and bingo you have equity. As our Rachel says, it won’t happen over night but it will happen.

    I’m sure statistics support the view that people living in their own home tend to have better indicators of a more productive and happier, healthy life.

    However, I would like to see some robust debate around a couple of related points.

    First, the crazy tax laws that make owning a rental property so attractive (thereby increasing demand for entry level properties). I get benefits from owning a second home that I don’t get from owning my family home.

    Linked to this the fact that the Boomers have benefitted from the housing boom and have effectively cut many of the younger generation out. Add to this the generous super and we have upwards intergenerational transfers.

  16. Aaaaaarghhh! He said “youse” again! Steve, please stop murdering the English language!
    [I choose to use youse as a humourous rhetorical tool, not out of ignorance. Go have a cry about it on your blog, someone might read it some day. SP]

  17. uroskin 17

    If you put the difference between renting and paying mortgage into the sharemarket, or even Kiwisaver, you might end up with far more than what your freehold house is worth after 25 years. and then you still need a place to live when you want to realise that capital. And you have to consider all the other costs associated with ownership too which don’t stay constant either. And you still need an extra $1.7m to fill your house up with worthless consumer products!
    This obsession with home ownership can only be remedied by a proper capital gains tax on ownership of homes other than your residence, to level the investment playing field. Interest rates may come down sooner too then.

  18. lprent 18

    The only reason that I bothered to buy a place was because of Telecom and landlords cashing up.

    Had this little problem in the mid-90’s where I had quite a few phone lines including a couple of ISDN lines to get the kind of bandwidth I needed. ADSL was just starting to be talked about (and in a very expensive way). Then I had to move a couple of times mainly because of landlords. Each time cost a bundle to get the phone lines moved.

    There are quite a lot of hidden problems with renting. What I want to see is more of a lease based system where I can get a lease for say 5 years.

  19. ants 19

    The figures are actually too low for a lot of cases- once body corporate fees ($2500), property management fees ($2000+), accountant fees ($1500+) are taken into account.

    However, the flipside is the massive amount of tax that can be rebated.

  20. Draco TB 20

    Actually, if you put the extra $440.00 into an interest-bearing account, you will have about 1.7 million in 25 years.

    Nominal or Real interest rates? What was the interest rate you used? What is the chance that the interest rates will stay the same over the next 25 years?

    Basically, don’t expect to get any richer renting for the next 25 years over buying a house. And, as has already been said, people who own their own house tend to be happier and more productive than those renting.

  21. As long as you invest the difference between buying and renting you will be far more wealthy than if you just paid off a home.
    I mean, how many people had that plan – with the money tied up in real estate and will be retiring on falling house prices?
    It’s a lot easier to cut your losses when you have more liquid investments versus an illiquid family house or rental property at 4% gross yield lol.
    And how paying off a home with an 80% mortgage could possibly be construed as productive when that capital could be going into a business, farm or share investment is beyond me…

  22. Draco TB 22

    writeups:
    Things don’t stay the same. In the next 25 years interest rates will come down, house prices will drop in real terms and then they’ll probably reverse again. It’s probably not a great idea to buy a house ATM but that will change in the next few years. Rent now, buy when house prices are depressed and interest rates are low and in 25 years there’s a good chance that you will be better off than if you just tried to rent for the next 25 years.

  23. RedLogix 23

    First, the crazy tax laws that make owning a rental property so attractive (thereby increasing demand for entry level properties). I get benefits from owning a second home that I don’t get from owning my family home.

    The tax laws treat residential rental property EXACTLY the same as for all other business. If you think the law crazy for this purpose, then it is equally crazy for all other business purposes.

    The Americans addressed this issue years ago by making all mortgage interest costs tax deductable regardless if it was on your home of residence or not.

  24. RedLogix 24

    And how paying off a home with an 80% mortgage could possibly be construed as productive when that capital could be going into a business, farm or share investment is beyond me

    A little thing called risk.

  25. uk_kiwi 25

    The risk is very high in residential property investment, just ask anyone who bought a blue chip apartment!

    Seriously, anyone in their 50s/60s should have most of their savings in term deposits and government bonds. Anything else, you’re running the risk of having nothing to retire on.

  26. RedLogix 26

    The risk is very high in residential property investment, just ask anyone who bought a blue chip apartment!

    Blue Chip was not an investment, it was a scam pyramid scheme… a fact that should have been obvious to anyone who thought about it for more than 2 seconds.

    I agree that a balanced portfolio is sound practice, but even in this market… as soft as it is I made a $200k equity gain this week. Well it took me and my partner six months of careful planning and a lot hard work to do it, but it was still possible. No amount of term deposit or bonds will do that for you.

    It is of course just a paper gain. But if I keep the property long enough (and it is cash flow neutral at present) then I should eventually be in a position to cash it out… but that might be 10-20 years out.

    The fundamentals of the NZ property market are still sound. Demand will in the medium term exceed demand. More especially the demand for quality properties most definitely exceeds supply. Eventually the equity markets will hopefully rebalance themselves and the business cycle will start over again. (If it doesn’t then who cares? It’s Armageddon anyhow.)

  27. nick 27

    The calculation of whether it makes more economic sense to buy or rent involves lots of calculations involving the growth of house prices versus the interest one can earn on money saved through renting. Empirically, however, one would expect renting to make more sense from a purely fiscal perspective.

    The simple fact is that people prefer buying their own house, instead of renting, for at least two non-fiscal reasons that I can think of. One is that people like the security of owning their own home. They have an emotional investment in a particular house. The other is that a mortgage enforces fiscal discipline. It?s easy to talk of saving money in lieu of mortgage payments. But I think that many people are aware that if they weren?t forced to pay the money to the bank it would end up getting spent instead of saved.

    Since people like owning their own home, it increases the demand for houses. It also reduces the pool of renters, resulting in lower market rents. The upshot of this is that buying a house is relatively expensive and renting is relatively cheap. Thus I would be extraordinarily surprised if renting didn?t make more sense, purely in terms of a household?s bottom line.

    The security of owning a home is really a non-tangible asset. The price of this asset is the difference between the money saved by renting a home versus the money that would be spent paying off a mortgage. And I think if people value security, then it is perfectly rational for them to make the decision to purchase their own home.

  28. nick 28

    The calculation of whether it makes more economic sense to buy or rent involves lots of calculations involving the growth of house prices versus the interest one can earn on money saved through renting. Empirically, however, one would expect renting to make more sense from a purely fiscal perspective.

    The simple fact is that people prefer buying their own house, instead of renting, for at least two non-fiscal reasons that I can think of. One is that people like the security of owning their own home. They have an emotional investment in a particular house. The other is that a mortgage enforces fiscal discipline. It’s easy to talk of saving money in lieu of mortgage payments. But I think that many people are aware that if they weren’t forced to pay the money to the bank it would end up getting spent instead of saved.

    Since people like owning their own home, it increases the demand for houses. It also reduces the pool of renters, resulting in lower market rents. The upshot of this is that buying a house is relatively expensive and renting is relatively cheap. Thus I would be extraordinarily surprised if renting didn’t make more sense, purely in terms of a household’s bottom line.

    The security of owning a home is really a non-tangible asset. The price of this asset is the difference between the money saved by renting a home versus the money that would be spent paying off a mortgage. And I think if people value security, then it is perfectly rational for them to make the decision to purchase their own home.

Links to post

Recent Comments

Recent Posts

  • TPPA people power protests
    It was great to see such a big turnout – at least 15,000 in Auckland by some estimates. That’s a lot of people not buying the National Government’s spin on the TPPA. I was at the Auckland protests along with… ...
    GreensBy Denise Roche MP
    3 days ago
  • Ten Ways We can Honour Te Tiriti
    1. Learn about our history and current issues – Te Tiriti education is powerful, inspiring and available! 2. Learn about where you live and who the manawhenua are and what their issues in rebuilding their culture are. 3. Support manawhenua… ...
    GreensBy Catherine Delahunty MP
    3 days ago
  • “Not one more acre”
    The Public Works Act has too often been used to confiscate Māori land, and Members of Parliament will soon get a chance to vote to stop this. The original Public Works Act was developed in the 1860’s to facilitate… ...
    GreensBy Catherine Delahunty MP
    4 days ago
  • Rules needed so we can swim in Canterbury rivers
    First published in The Press on 1 February 2016 A work colleague recently asked me which rivers and lakes I’d recommend she take her son and nephew swimming during an upcoming visit to Christchurch, somewhere handy to the city. I… ...
    GreensBy Eugenie Sage MP
    5 days ago
  • Rules needed so we can swim in Canterbury rivers
    First published in The Press on 1 February 2016 A work colleague recently asked me which rivers and lakes I’d recommend she take her son and nephew swimming during an upcoming visit to Christchurch, somewhere handy to the city. I… ...
    GreensBy Eugenie Sage MP
    5 days ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Vulnerable women the victims of Govt inaction
    The Government’s failure to address the housing crisis and its refusal to steps to raise wages have led to vulnerable women being exploited, Labour’s spokesperson for Women Ruth Dyson says. “Reports today that women are being offered free rent in… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • Arms Control a priority for the Pacific
    Labour’s Pacific Island Affairs spokesperson Su’a William Sio and Chair of New Zealand’s Parliamentarians for Global Action says his priority will be getting the Pacific to sign up to the Arms Trade Treaty after being appointed by the PGA as… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • National must listen to Maori TPPA concerns
    The National Government must listen to the widespread opposition to the Trans-Pacific Partnership Agreement (TPPA) if it is to retain credibility with Māori, says Labour’s Maori Development spokesperson Kelvin Davis. “The Iwi Leaders Forum met with Trade Minister Todd McClay… ...
    1 week ago
  • Bob Tizard’s passing an end of an era
    Labour Leader Andrew Little has expressed his deepest condolences to the family of former Labour MP and Deputy Prime Minister Bob Tizard who died this afternoon. Robert “Bob” Tizard was a Labour MP for 30 years, representing the seats of… ...
    1 week ago
  • Bob Tizard’s passing an end of an era
    Labour Leader Andrew Little has expressed his deepest condolences to the family of former Labour MP and Deputy Prime Minister Bob Tizard who died this afternoon. Robert “Bob” Tizard was a Labour MP for 30 years, representing the seats of… ...
    1 week ago
  • Bob Tizard’s passing an end of an era
    Labour Leader Andrew Little has expressed his deepest condolences to the family of former Labour MP and Deputy Prime Minister Bob Tizard who died this afternoon. Robert “Bob” Tizard was a Labour MP for 30 years, representing the seats of… ...
    1 week ago
  • Bob Tizard’s passing an end of an era
    Labour Leader Andrew Little has expressed his deepest condolences to the family of former Labour MP and Deputy Prime Minister Bob Tizard who died this afternoon. Robert “Bob” Tizard was a Labour MP for 30 years, representing the seats of… ...
    1 week ago
  • Bob Tizard’s passing an end of an era
    Labour Leader Andrew Little has expressed his deepest condolences to the family of former Labour MP and Deputy Prime Minister Bob Tizard who died this afternoon. Robert “Bob” Tizard was a Labour MP for 30 years, representing the seats of… ...
    1 week ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Differing view on TPPA agreed
    Opposition Leader Andrew Little has given dispensation to MP Phil Goff to take his own position on the Trans Pacific Partnership Agreement due to his historic involvement in negotiating its predecessor, the P4. “Phil has had a longstanding involvement and… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Scandalous Saudi sheep saga rolls on
    It is scurrilous that the Government is pushing ahead with plans to spend many millions of taxpayer money on an abattoir in Saudi Arabia without knowing who’ll end up owning it, Labour MP David Parker says. “More than $12 million… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Joyce destroys Government rail link certainty
    Infrastructure Minister Steven Joyce has destroyed the certainty the Prime Minister gave private sector investors in his State of the Nation announcement on the City Rail Link, Labour’s Auckland Issues spokesperson Phil Twyford says.   “Steven Joyce has again poured… ...
    2 weeks ago
  • Pasifika caucus visit as Kiribati water crisis deepens
    Water supplies are deteriorating in Kiribati as Labour’s  Pasifika climate change task force prepares to head there and Tuvalu, says Labour’s Pacific Climate Change Spokesperson Su’a William Sio.  “There is a growing crisis on the atolls due to water supplies… ...
    2 weeks ago
  • Pasifika caucus visit as Kiribati water crisis deepens
    Water supplies are deteriorating in Kiribati as Labour’s  Pasifika climate change task force prepares to head there and Tuvalu, says Labour’s Pacific Climate Change Spokesperson Su’a William Sio.  “There is a growing crisis on the atolls due to water supplies… ...
    2 weeks ago
  • Pasifika caucus visit as Kiribati water crisis deepens
    Water supplies are deteriorating in Kiribati as Labour’s  Pasifika climate change task force prepares to head there and Tuvalu, says Labour’s Pacific Climate Change Spokesperson Su’a William Sio.  “There is a growing crisis on the atolls due to water supplies… ...
    2 weeks ago
  • Pasifika caucus visit as Kiribati water crisis deepens
    Water supplies are deteriorating in Kiribati as Labour’s  Pasifika climate change task force prepares to head there and Tuvalu, says Labour’s Pacific Climate Change Spokesperson Su’a William Sio.  “There is a growing crisis on the atolls due to water supplies… ...
    2 weeks ago

  • Bledisloe Garden Reception cancelled at Government House
    Rain has forced Government House Auckland to cancel the Bledisloe Garden Reception, which was due to start at 4pm this afternoon. The Governor-General, Sir Jerry Mateparae, will still be marking Waitangi Day with a special citizenship ceremony for 25 people… ...
    1 day ago
  • Call for Child Sex Abuse Inquiry
    6th February 2016 “We just haven’t had a Rolf Harris or Jimmy Savile to bring our own dirty laundry out into the open but the time bomb is ticking and powder-keg will ignite.” McVicar ...
    1 day ago
  • Maori are amongst the biggest beneficiaries of TPP
    In the lead up to Waitangi celebrations and the signing of the Trans Pacific Partnership in New Zealand this week, much is being made of Maori opposition to the TPP due to a lack of consultation and a perceived loss… ...
    2 days ago
  • Maori are amongst the biggest beneficiaries of TPP
    In the lead up to Waitangi celebrations and the signing of the Trans Pacific Partnership in New Zealand this week, much is being made of Maori opposition to the TPP due to a lack of consultation and a perceived loss… ...
    2 days ago
  • More than 27,000 new Kiwis in 2015
    This Waitangi Day, New Zealand will roll out the welcome mat to 24 new citizens at Government House, and acknowledge over 27,000 people who were granted citizenship last year. ...
    2 days ago
  • Demolition of 32 & 36 Glendevere Terrace
    Demolition of 32 & 36 Glendevere Terrace Land Information New Zealand (LINZ) and Southern Response today announced that the demolitions of 32 and 36 Glendevere Terrace, Redcliffs, Christchurch will begin next week. ...
    2 days ago
  • Next step in 2GP process
    Dunedin (Friday, 5 February 2016) – The next step in the process of establishing a new Dunedin City District Plan will be underway when further submissions are called for from 10 February. ...
    3 days ago
  • Next step in 2GP process
    Dunedin (Friday, 5 February 2016) – The next step in the process of establishing a new Dunedin City District Plan will be underway when further submissions are called for from 10 February. ...
    3 days ago
  • Report into diplomat debacle shows Ministers’ failures
    The report into the treatment of a diplomat found guilty of indecent assault highlights a failure of Government Ministers to show political leadership over sexual violence, the Green Party said today. ...
    3 days ago
  • Report into diplomat debacle shows Ministers’ failures
    The report into the treatment of a diplomat found guilty of indecent assault highlights a failure of Government Ministers to show political leadership over sexual violence, the Green Party said today. ...
    3 days ago
  • TPP Good News for New Zealand
    TPP Good News for New Zealand by Dr Llew Richards, chief executive of IANZ We all like to travel. We all buy stuff from overseas. But sometimes we pay up to twice the price for something in New Zealand that… ...
    3 days ago
  • TPP Good News for New Zealand
    TPP Good News for New Zealand by Dr Llew Richards, chief executive of IANZ We all like to travel. We all buy stuff from overseas. But sometimes we pay up to twice the price for something in New Zealand that… ...
    3 days ago
  • Council seeks submissions on bylaw amendment
    Palmerston North City Council is calling for submissions on a proposed amendment to the Signs and Use of Public Places Bylaw for Election Signs. ...
    3 days ago
  • Credit Ratings Agency Blackmails Christchurch City Council
    Credit Ratings Agency Blackmails Christchurch City Council on Asset Sales This story slipped by without comment from anyone in the Christmas rush. Better late than never. On December 8th the Press reported that: “Ratings agency Standard & Poor’s ...
    3 days ago
  • Ministry welcomes release of Whitehead Report
    The Ministry of Foreign Affairs and Trade has welcomed the public release of the Whitehead report. ...
    3 days ago
  • TPP Agreement bad for democracy
    International Trade Union Confederation TPP Agreement bad for democracy, rights, public services and health Brussels, 4 February 2016 (ITUC OnLine): The ITUC has called the Trans-Pacific Partnership Agreement (TPP) a major setback for employment ...
    3 days ago
  • TPP Agreement bad for democracy
    International Trade Union Confederation TPP Agreement bad for democracy, rights, public services and health Brussels, 4 February 2016 (ITUC OnLine): The ITUC has called the Trans-Pacific Partnership Agreement (TPP) a major setback for employment ...
    3 days ago
  • Peru signed the Trans-Pacific Partnership in NZ
    Thursday 4 February 2016 Press Release Peru's Foreign Trade and Tourism Minister Magali Silva has signed the Trans-Pacific Partnership (TPP) agreement in New Zealand's city of Auckland today along with her counterparts from 11 Pacific countries. The ...
    3 days ago
  • Peru signed the Trans-Pacific Partnership in NZ
    Thursday 4 February 2016 Press Release Peru's Foreign Trade and Tourism Minister Magali Silva has signed the Trans-Pacific Partnership (TPP) agreement in New Zealand's city of Auckland today along with her counterparts from 11 Pacific countries. The ...
    3 days ago
  • Protesters project giant message onto SkyCity
    Community organisations representing more than five and a half million people around the world have united to take joint action and express global opposition to the Trans-Pacific Partnership, as Trade Ministers sign the deal at SkyCity in Auckland. ...
    3 days ago
  • Protesters project giant message onto SkyCity
    Community organisations representing more than five and a half million people around the world have united to take joint action and express global opposition to the Trans-Pacific Partnership, as Trade Ministers sign the deal at SkyCity in Auckland. ...
    3 days ago
  • Reserve Bank highlights importance of market discipline
    Reserve Bank highlights importance of market discipline The Reserve Bank today highlighted the importance of market discipline as one of three pillars that help maintain the stability of financial institutions. In a speech this evening hosted by the NZ Bankers… ...
    3 days ago
  • Infrastructure to underpin development of the Northland regi
    “The release today of the Tai Tokerau Northland Economic Action Plan is strongly endorsed by the New Zealand Council for Infrastructure Development (NZCID) and will drive much needed employment, investment and growth in the region,” says NZCID ...
    3 days ago
  • Infrastructure to underpin development of the Northland regi
    “The release today of the Tai Tokerau Northland Economic Action Plan is strongly endorsed by the New Zealand Council for Infrastructure Development (NZCID) and will drive much needed employment, investment and growth in the region,” says NZCID ...
    3 days ago
  • Kiwis reject the TPPA
    Around 15,000 Kiwis marched down Queen Street today to protest against the signing of the TPPA. The march was loud, diverse, family-friendly, peaceful and passionate in its opposition to the TPPA. ...
    3 days ago
  • Kiwis reject the TPPA
    Around 15,000 Kiwis marched down Queen Street today to protest against the signing of the TPPA. The march was loud, diverse, family-friendly, peaceful and passionate in its opposition to the TPPA. ...
    3 days ago
  • NZ-US Council welcomes the signature of the TPP
    NZ-US Council welcomes the signature of the TPP The Executive Director of the NZ-US Council, Fiona Cooper Clarke, has welcomed the signature of the Trans Pacific Partnership (TPP) agreement in Auckland today. “We are delighted that the TPP has been… ...
    3 days ago
  • NZ-US Council welcomes the signature of the TPP
    NZ-US Council welcomes the signature of the TPP The Executive Director of the NZ-US Council, Fiona Cooper Clarke, has welcomed the signature of the Trans Pacific Partnership (TPP) agreement in Auckland today. “We are delighted that the TPP has been… ...
    3 days ago
  • Let Quake Outcasts Move on Says Human Rights Commissioner
    Let Quake Outcasts Move on Says Chief Human Rights Commissioner The Chief Human Rights Commissioner David Rutherford is calling on the Government yet again to settle the Quake Outcasts case following yesterday’s announcement that the Outcasts have ...
    3 days ago
  • Kiwifruit winner in TPP Agreement
    The Trans-Pacific Partnership (TPP) Agreement will generate significant value for the New Zealand kiwifruit industry and Zespri welcomes the signing of the Agreement today in Auckland. Zespri Chief Executive Lain Jager explains the TPP will eliminate ...
    3 days ago
  • Kiwifruit winner in TPP Agreement
    The Trans-Pacific Partnership (TPP) Agreement will generate significant value for the New Zealand kiwifruit industry and Zespri welcomes the signing of the Agreement today in Auckland. Zespri Chief Executive Lain Jager explains the TPP will eliminate ...
    3 days ago
  • Waihi Dam Update
    Waihi Dam Update Hawke’s Bay Regional Council is hopeful the discharge of sediment from the Waihi Dam into the Waiau River will cease by the end of next week. HBRC staff met with Eastland Group staff and contractors yesterday to… ...
    4 days ago
  • Waihi Dam Update
    Waihi Dam Update Hawke’s Bay Regional Council is hopeful the discharge of sediment from the Waihi Dam into the Waiau River will cease by the end of next week. HBRC staff met with Eastland Group staff and contractors yesterday to… ...
    4 days ago
  • Campaigners vow “final battle” to prevent massive deal
    As TPP is signed in Auckland casino, campaigners vow “final battle” to prevent massive deal being ratified ...
    4 days ago
  • Paddling Cape to Cape for a Cause
    A mission that will see him spend three week on stand up paddle board, paddling from the South Cape to the top of the East Cape of the North Island. ...
    4 days ago
  • Trust applauds $4m government funding for art centre
    Today's announcement of central government support, made by Minister of Economic Development Steven Joyce, provides a key step forward in funding for Whangarei’s Hundertwasser Art Centre & Wairau Maori Art Gallery. ...
    4 days ago
  • Horticulture Welcomes TPP Signing
    New Zealand’s peak body for commercial fruit and vegetable growers, Horticulture New Zealand, has welcomed the official New Zealand signing of the Trans Pacific Partnership agreement today. Horticulture is New Zealand’s fourth largest export earner, sending ...
    4 days ago
  • Attitude change to sexual violence needed, council says
    The National Council of Women of New Zealand says the commentary around Malaysian diplomat Muhammad Rizalman bin Ismail's assault on Tania Billingsley should be a wakeup call for New Zealanders to change their attitudes to violence. ...
    4 days ago
  • Hundertwasser Art Centre receives Government boost
    Prosper Northland has welcomed today’s announcement of a $4 million contribution by Central Government to the Hundertwasser Art Centre (HAC) project in Whangarei. ...
    4 days ago
  • National Policy Statement a powerful tool under the RMA
    Property Council believes there is an urgent and pressing need for a National Policy Statement (NPS) on urban development under the Resource Management Act (RMA). ...
    4 days ago
  • National Policy Statement a powerful tool under the RMA
    Property Council believes there is an urgent and pressing need for a National Policy Statement (NPS) on urban development under the Resource Management Act (RMA). ...
    4 days ago
  • TPPA – The People Prefer Accountability
    The Conservative Party are by no means opposed to trade agreements with other countries, but the secrecy surrounding the negotiations and the lack of disclosure of real detail with regard to the TPPA, accompanied by the fobbing off of serious… ...
    4 days ago
  • TPPA – The People Prefer Accountability
    The Conservative Party are by no means opposed to trade agreements with other countries, but the secrecy surrounding the negotiations and the lack of disclosure of real detail with regard to the TPPA, accompanied by the fobbing off of serious… ...
    4 days ago
  • TPP casino signing gambles with our future
    OTTAWA – Trade ministers from 12 nations have chosen a casino and convention centre for the signing of the Trans-Pacific Partnership (TPP), leading to criticism from fair trade advocates like the Council of Canadians that governments are gambling ...
    4 days ago
  • TPP casino signing gambles with our future
    OTTAWA – Trade ministers from 12 nations have chosen a casino and convention centre for the signing of the Trans-Pacific Partnership (TPP), leading to criticism from fair trade advocates like the Council of Canadians that governments are gambling ...
    4 days ago
  • TPPA Still Needs an Independent Health Impact Assessment
    TPPA Still Needs an Independent Health Impact Assessment The New Zealand Medical Students’ Association (NZMSA) urges the Government to facilitate an independent Health Impact Assessment (HIA) on the recently agreed Trans-Pacific Partnership Agreement ...
    4 days ago
  • TPPA Still Needs an Independent Health Impact Assessment
    TPPA Still Needs an Independent Health Impact Assessment The New Zealand Medical Students’ Association (NZMSA) urges the Government to facilitate an independent Health Impact Assessment (HIA) on the recently agreed Trans-Pacific Partnership Agreement ...
    4 days ago
  • Neo-Kalashnikovs join TPPA protest
    Auckland indie band The Neo-Kalashnikovs are issuing a challenge to all others bands to stand up in protest against the TPPA. They performed at the Protestival on 31st January and will be on the protest march down Queen St. ...
    4 days ago
  • Neo-Kalashnikovs join TPPA protest
    Auckland indie band The Neo-Kalashnikovs are issuing a challenge to all others bands to stand up in protest against the TPPA. They performed at the Protestival on 31st January and will be on the protest march down Queen St. ...
    4 days ago
  • Federated Farmers welcomes TPP signing
    Federated Farmers welcomes today's signing in Auckland of the Trans Pacific Partnership (TPP) agreement as a significant milestone for the New Zealand economy and a positive deal for the agriculture sector. ...
    4 days ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere