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

  • Broadband failure sucks up more cash
    The Commerce Committee has blocked an inquiry into the $300 million rural broadband initiative (RBI) despite mounting evidence it’s a massive policy failure and waste of money, says Labour’s ICT spokesperson Clare Curran. “The Government is about to spend an… ...
    13 hours ago
  • TISA – Another secret trade deal you may never have heard of
      This post first appeared on The Daily Blog You’ve probably heard of the Trans-Pacific Partnership Agreement (TPPA) by now and the widespread concerns around it but what about the Trade in Services Agreement (TISA) also being currently negotiated by… ...
    GreensBy Gareth Hughes MP
    19 hours ago
  • Health chickens coming home to roost as Dunedin loses right to train doctor...
    News today that Dunedin Hospital has lost orthopaedic training accreditation is a major blow and proves the Government’s prevarication is having devastating consequences, Labour’s Health spokesperson Annette King says. “Losing orthopaedic advanced training is serious. There is a knock on… ...
    2 days ago
  • $74,000 quarterly rise shows crisis out of control
    New figures out today showing Auckland house prices have spiked by a massive $74,000 in the past quarter is further evidence the city’s housing crisis has spiralled out of control, Labour’s “In spite of constant announcements and photo opportunities from… ...
    2 days ago
  • Democracy for Nauru now
    Murray McCully must send the strongest possible message to the Nauruan Government that New Zealand does not condone its actions given the disturbing developments there, Labour’s Foreign Affairs spokesperson David Shearer says. “Right now we are seeing Nauru stripped of… ...
    2 days ago
  • Recovery needs more than a rebrand
    Today’s announcement of new governance arrangements for Canterbury seems to be nothing more than a fresh coat of paint on the same old approach, says Labour’s Canterbury Earthquake Recovery spokesperson Ruth Dyson. “The Canterbury Recovery has been too slow, with… ...
    2 days ago
  • Copper decision a victory for status quo, not Kiwi households
    New Zealanders hoping for cheaper copper broadband will be disappointed by the Commerce Commission’s latest decision in the long running saga to determine the price of copper, Labour’s ICT spokesperson Clare Curran says. “In an apparent attempt to appease everyone,… ...
    2 days ago
  • It’s time for hard decisions in the Bay
     The Ruataniwha dam project is turning into a huge white elephant as the economics fail to stack up, says Labour’s Water spokesperson Meka Whaitiri.  “Ruataniwha simply doesn’t make economic sense when you look at other major irrigation schemes around the… ...
    2 days ago
  • More testing won’t lift student achievement
    Hekia Parata’s latest plan to subject school students to even more testing and assessment won’t do anything to lift the educational achievement of the kids who are struggling, Labour’s Education spokesperson Chris Hipkins says. “New Zealand school students are already… ...
    2 days ago
  • Bad week for NZ economy gets worse
    The bad news for the New Zealand economy got worse this morning with the 8th successive drop in dairy prices at this morning’s global dairy auction, again exposing the absence of any Plan B from the National Government, Labour’s Finance… ...
    2 days ago
  • System failing to protect women and children from family violence
    Last week we called for mandatory child safety investigations in domestic violence cases. This came after the coronial inquiry into the deaths of Bradley and Ellen Livingstone and the verdict in the trial of the west Auckland boys charged with… ...
    GreensBy Jan Logie MP
    3 days ago
  • Backers banking on social bonds cash?
    The Government is refusing to say what the $29 million it has set aside for its controversial social bonds programme is for, raising suspicions it is an upfront payment to the project backers, Labour’s Health spokesperson Annette King says. A… ...
    3 days ago
  • Plastic Free July
    Today is the start of Plastic Free July. Since its inception in Perth, Western Australia four years ago, more and more people and organisations from around the world have joined the call to refuse single use plastic products. Nearly all… ...
    GreensBy Denise Roche MP
    3 days ago
  • State house sell off Bill gives extraordinary powers
    The Government is about to give Ministers extraordinary powers to take direct personal control of selling state houses, exempting Ministers from normal legal requirements and leaving the sale process wide open for corruption, Labour's Housing spokesperson Phil Twyford says. The… ...
    3 days ago
  • Cash for charter schools, mould for state schools
    At a time when state schools are struggling in old, cold, mouldy buildings and can barely make ends meet, the National Government is shovelling cash at charter schools which aren’t even spending the funding on kids’ education, Labour’s Education spokesperson… ...
    3 days ago
  • New Zealand needs a wise response to climate change
    Today in Parliament I got to hear from a group of New Zealanders who are concerned for the future of our country. Called Wise Response, the group is a broad coalition of academics, engineers, lawyers, artists, sportspeople and others who… ...
    GreensBy Russel Norman MP
    3 days ago
  • No alternative as waste scheme trashed
    Nick Smith must explain how he is going to prevent contamination of New Zealand’s ground and water with liquid and hazardous waste after scrapping the only monitoring scheme and offering no replacement, says Labour’s Environment Spokesperson Megan Woods. “From today,… ...
    3 days ago
  • Flawed system rates death traps as safe
    ACC Minister Nikki Kaye needs to come clean about what really lies behind the reclassification of 18 vehicles in her new motor vehicle registration system introduced today, Labour’s ACC spokesperson Sue Moroney says. "New Zealanders deserve the truth about the… ...
    3 days ago
  • Tiwai Smelter and 800 workers left in limbo
     Workers at Tiwai smelter and the people of Southland have once again been left in limbo over their future in the ongoing debacle over whether the plant stays open, says Labour’s Leader Andrew Little.  “It’s not good enough that after two years of… ...
    3 days ago
  • New twist in state house sell-off saga
    The Government has opened the door to buyers of state houses simply being landlords and not required to provide social services, Labour’s Housing spokesperson Phil Twyford says. The Prime Minister said at his post-Cabinet press conference buyers would not “have… ...
    3 days ago
  • Government fees will hit charities hard
    National’s decision to ignore the concerns of charities will see the voluntary sector face hundreds of thousands of dollars in new costs if the Policing (Cost Recovery) Amendment Bill passes, says Labour's Community and Voluntary Sector spokesperson Poto Williams. “National’s… ...
    4 days ago
  • Four out of ten for Simon’s Bridges
    The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. “After one by-election poll showed they… ...
    4 days ago
  • Falling consents adding to Auckland housing woes
    Falling numbers of building consents being issued in Auckland will add to the city’s housing shortfall and fuel skyrocketing house prices, Labour’s Housing spokesperson Phil Twyford “The Productivity Commission found there was a shortfall of around 32,000 houses by the… ...
    4 days ago
  • So Mr English, do you have a plan?
    DIpping confidence about jobs, wages and shrinking exports are highlighting the lack of a plan from the government to diversify the economy and build sustainable growth, Grant Robertson  Labour’s Finance Spokesperson said. " Data released over the last week… ...
    4 days ago
  • Serious risks to tenants and assets in sell-off
    Overseas evidence shows there are serious risks around the Government's plan to sell off state houses to social housing providers, Opposition Leader Andrew Little says. “In the Netherlands – where community housing providers supply the majority of social housing –… ...
    4 days ago
  • Land of milk and money
    Kiwi families are paying over the top prices for their milk and someone is creaming off big profits, says Labour’s Consumer Affairs spokesperson David Shearer. “In 2011 the Government told us high New Zealand milk prices were a natural result… ...
    6 days ago
  • MoBIE largesse doesn’t stop with TVs and hair-straighteners
    The number of MoBIE staff earning more than $150,000 has risen 23 per cent in just a year, Labour’s Economic Development Spokesperson David Clark says. Documents obtained from the Ministry of Business, Innovation and Employment show there are now nearly… ...
    6 days ago
  • English wants to flog state houses to Aussies
    Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. “Bill English should face reality and admit his… ...
    7 days ago
  • Exports continue to fall as Government fails to diversify
    The Government quickly needs a plan to diversify our economy after new figures show that exports are continuing to fall due to the collapse in dairy exports, Labour's Finance Spokesperson Grant Robertson says. “Dairy exports fell 28 per cent compared… ...
    1 week ago
  • Government inaction leads to blurring of roles
    The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. “The problems… ...
    1 week ago
  • Courthouse closures hitting regions
    The Government’s decision to shut down up to eight regional courthouses, some supposedly only temporarily for seismic reasons, looks unlikely to be reversed, Labour’s Justice spokesperson Jacinda Ardern says.“The move has hit these regions hard, but appears to be a… ...
    1 week ago
  • A Victory for Te Tiriti o Waitangi
    This week my partner, who has a number of professions, was doing an archaeological assessment for a District Council. He showed me the new rules around archaeologists which require them to demonstrate “sufficient skill and competency in relation to Māori… ...
    GreensBy Catherine Delahunty MP
    1 week ago
  • Tough bar set for Ruataniwha dam
     Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the… ...
    1 week ago
  • Minister for Women and National missing the mark – part two
    The Minister for Women was in front of the select committee yesterday answering questions about her plans for women. Some useful context is that we used to have a Pay and Employment Equity Unit within the then Department of Labour… ...
    GreensBy Jan Logie MP
    1 week ago
  • Lavish penthouse spend confirms culture of extravagance
    At the same time thousands of New Zealanders are being locked out of the property market, the Government is spending up on a lavish New York penthouse for its diplomats, Labour’s Foreign Affairs spokesperson David Shearer says. News that taxpayers… ...
    1 week ago
  • Māori Television exodus cause for concern
    The shock departure of yet another leading journalist from the Native Affairs team raises further concern the Board and Chief Executive are dissatisfied with the team’s editorial content, says Labour’s Māori Development spokesperson Nanaia Mahuta. “Annabelle Lee is an experienced… ...
    1 week ago
  • Million-plus car owners to pay too much ACC
    More than a million car owners will pay higher ACC motor vehicle registration than necessary from July, Labour’s ACC spokesperson Sue Moroney says. “During a select committee hearing this morning it was revealed that car owners would have been charged… ...
    1 week ago
  • Bill will restore democracy to local councils
    A new Labour Member’s Bill will restore democracy to local authorities and stop amalgamations being forced on councils. Napier MP Stuart Nash’s Local Government Act 2002 (Greater Local Democracy) Bill will be debated by Parliament after being pulled from the… ...
    1 week ago
  • Minister for Women again misses the mark – part one
    Yesterday I asked the Minister for Women about the government’s poor performance on it’s own target of appointing women to 45% of state board positions. I challenged why she’d put out a media release celebrating progress this year when the… ...
    GreensBy Jan Logie MP
    1 week ago
  • Banks enter Dragon’s Den in pitch for Government’s mental health experi...
    Overseas banks and their preferred providers were asked to pitch their ideas for bankrolling the Government’s social bonds scheme to a Dragon’s Den-style panel, Labour’s Health spokesperson Annette King says. Dragon’s Den was a reality television series where prospective ‘entrepreneurs’… ...
    1 week ago
  • Global Mode bullying won’t stop people accessing content
    It’s disappointing that strong-arm tactics from powerful media companies have meant Global Mode will not get its day in court. Today a settlement was reached terminating the Global Mode service, developed in New Zealand by ByPass Network Services and used… ...
    GreensBy Gareth Hughes MP
    1 week ago
  • More questions – why was the Former National Party President involved wit...
    Today in Parliament Murray  McCully said the reason Michelle Boag was involved in 2011 in the Saudi farm scandal was in her capacity as a member of the New Zealand Middle East Business Council. The problem with that answer is… ...
    1 week ago
  • Minister must explain Maori TV interference
    Te Ururoa Flavell must explain why he told Maori TV staff all complaints about the CEO must come to him – months before he became the Minister responsible for the broadcaster, Labour’s Broadcasting Spokesperson Clare Curran says. “Sources have told… ...
    1 week ago
  • KiwiSaver takes a hammering after the end of kick-start
    National seems hell bent on destroying New Zealand’s saving culture given today’s news that there has been a drop in new enrolments for KiwiSaver, says Labour’s Finance spokesperson Grant Robertson.  “New enrolments for the ANZ Investments KiwiSaver scheme have plunged… ...
    1 week ago
  • Straight answers needed on CYF role
    The Government needs to explain the role that Child, Youth and Family plays in cases where there is evidence that family violence was flagged as a concern, Labour’s Children’s spokesperson Jacinda Arden says. “The fact that CYF is refusing to… ...
    1 week ago
  • Prime Minister confuses his political interests with NZ’s interest
    The Prime Minister’s statement in Parliament yesterday that a Minister who paid a facilitation payment to unlock a free trade agreement would retain his confidence is an abhorrent development in the Saudi sheep scandal, Opposition leader Andrew Little says.  ...
    1 week ago
  • #raisethequota
    Last Saturday was World Refugee Day. I was privileged to spend most of my day with the amazing refugee communities in Auckland. Their stories have been inspiring and reflect the ‘can-do’ Kiwi spirit, even though they come from all different… ...
    GreensBy Denise Roche MP
    2 weeks ago
  • Dairy conversions causing more pollution than ever, report shows
    The Parliamentary Commissioner for the Environment (PCE) released two reports on freshwater quality and management last Friday. The water quality report shows that dairy conversions are hurting water quality and says that despite great efforts with fencing and planting, large… ...
    GreensBy Catherine Delahunty MP
    2 weeks ago
  • Employers want urgent action on health and safety
    Moves by National to water down health and safety reforms have been slammed by employers – the very group the Government claims is pushing for change, says Labour’s spokesperson for Labour Relations Iain Lees-Galloway. “The Employers and Manufacturers’ Association has… ...
    2 weeks ago
  • Labour calls on all parties to end coat-tailing
    Labour MP Iain Lees-Galloway is encouraging all parties to support his Bill to end the coat-tailing provision when it is debated in Parliament this week.  “New Zealanders have sent MPs a clear message. An opinion poll found more than 70… ...
    2 weeks ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere