Banks act on housing affordability crisis (while National sits on its hands)

Written By: - Date published: 6:29 am, June 10th, 2016 - 143 comments
Categories: housing, national, useless - Tags: , , ,

Despite Key’s barnstorming 2007 speech on the housing affordability crisis, National these days prefer to deny that it exists. Apparently fed up with waiting for the government to take action, banks are moving to reduce their risk and limit foreign buyers.

The Reserve Bank yesterday:

RBNZ considers property investor crackdown

Life is about to get tougher for property investors as the Reserve Bank considers clamping down further on their access to credit to buy houses.

Auckland’s housing market has refused to buckle under Reserve Bank pressure aimed at reining in house price growth, which is starting to accelerate again. And it’s not the only region where house prices are gathering pace.

Reserve Bank governor Graeme Wheeler openly concedes that puts the health of the financial system at risk.

Read that last sentence again.

“In Auckland, investors account for 46 percent of the transactions, for the rest of the country it’s around 40 [percent] or a bit more, so it’s very significant,” Mr Wheeler said.

And that one! Almost half of Auckland’s houses going to investors (more here). There’s your housing affordability crisis, your rental crisis, and your much of your homelessness crisis in one go.

Other announcements yesterday:

Westpac, ANZ Bank shut out foreign buyers

Westpac and ANZ will no longer lend to overseas-based buyers of New Zealand property – with other banks expected to follow the move to shut the door on foreign investors. The restrictions follow moves by Australian banks to stop lending to foreign buyers of property.

The restrictions will not affect New Zealand passport holders living abroad and purchasing property funded by overseas income. A Westpac spokeswoman said the restrictions “reduces risk”.

An ANZ spokesman said the changes were made to ensure the bank was “appropriately positioned in the current housing environment, taking into account supply pressure in certain areas”.

Labour’s Finance spokesperson Grant Robertson said the restrictions showed the banks acknowledged both that the housing market was “out of control”, and that overseas-buyers were playing a big role in that. “It’s the goal of a bank to make money from mortgage lending. If they are pulling back from lending on New Zealand housing, then there really is a crisis in the market.” …

This is what the banks are afraid of:

Nation of debt – ready, set, crash

New Zealand has half a trillion dollars in debt. If anything can bring it all down it is housing. Liam Dann talks bubbles and booms with those who know what a crash looks like.

“We’ve almost got the perfect storm,” says veteran fund manager Brian Gaynor as he reels off the many reasons New Zealand house prices and debt levels are soaring to precipitous heights.

There are many ingredients. But right now, New Zealand seems to have them all: not enough building, restrictions on development, surging migration, baby boomer savings, low interest rates and banks that are all too happy to lend for property investment.

“When you get the perfect storm like we did in the 1980s with the sharemarket, you see things just go up and up. People start to believe they will never fall,” he says.

The big problem, says economist Shamubeel Eaqub, is that we have a banking system designed to view lending for property as less risky than other kinds of lending.

“Our banking regulation allows us to feed on the property market,” he says.

“Of all the debt that is created in New Zealand, more and more is going towards mortgages because mortgages are less risky according to our rules and regulations.”

As house prices soar, the size of mortgages has to grow with it. There is no easy way out of the cycle. If house prices fall, then highly leveraged investors and many home buyers will be left exposed. “When it happens it will be nasty,” says Eaqub.

“There is no other way to describe it. What we have built up is ugly.” …

And what has the government been up to this year? Losing a flag referendum wasn’t it?


143 comments on “Banks act on housing affordability crisis (while National sits on its hands)”

  1. Paul 1

    Banks are losing money by doing this. They know something.
    Bubble about to burst.

    • tc 1.1

      Banks ride the cycles and never lose, they’ve seen this all before and do very well out of whichever way it goes.

      Something’s afoot methinks as they’ve been doing very nicely out of NACT policy so watch this space.

      A plan/ media strategy may have been hatched and this is phase 1.

      • Paul 1.1.1

        Banks do make mistakes.
        They should have lost in 2008.
        But they were bailed out USD 700billion.

      • Salsy 1.1.2

        @TC Exactly. However, the same two banks stopped lending in Australia due to fraudulent Chinese income documents, allegedly manufactured with the help of mortgage brokers. Has that been happening here also?

        http://www.stuff.co.nz/business/world/79780169/Westpac-ANZ-in-Australia-investigating-suspected-foreign-home-loan-fraud

        • TC 1.1.2.1

          Oz have rules on mortagee sales to prevent fire sales so I see this is mitigating risk more so than anything else.

          • Rosie 1.1.2.1.1

            “Oz have rules on mortagee sales to prevent fire sales……………”

            Hmmm. I’m thinking about our application for our first mortgage in 2012. The bank, (kiwibank) were keen to loan to us despite the fact that we only had a 7.8% deposit. All was hunky dory in their eyes.

            When discussing the loan with the mortgage manager he almost skipped over the question “How will you pay your LMI?”

            “Our what?”

            “Lender’s mortgage insurance”

            This is something a bank charges clients with a low deposit. It’s either paid up front or built into a higher interest rate payment. It covers the BANK in case the client goes belly up and the bank takes your houses and sells it as a mortgagee sale. IF the house sells for less than you paid for it, the insurance co pays the bank out for the difference so they don’t lose any money on THEIR asset.

            Guess what they were going to charge us? $14K. I kid you not. I told them the LMI was a scam and I refused to pay it. They wanted the 30 year mortgage out of us so we negotiated down to $4K. We don’t have that kind of money lying around so you guessed it, it went on the mortgage. ANOTHER little earner, interest paid on insurance that covers THEM.

            So what do the aussies do that’s different?

            • TC 1.1.2.1.1.1

              They cant flog houses below a fair market value to get their money back regardless of how much they are owed.

              • Colonial Viper

                And what if that “fair market value” starts declining…and that stage the pent up demand to sell will crash the market even faster

            • North 1.1.2.1.1.2

              Rosie that’s the loveliest telling of how ‘it’ is. You know I have a 40 year connection to the criminal law and what you say has modified my defintion of ‘criminal’. John Key should be going down in San Quentin for 40 to life. Bastard. “Have a beer with me…….” Bastard !

    • Infused 1.2

      No. You just don’t understand anything.

    • Takere 1.3

      The bubble has burst ….. they’re just fess’n up because the Nat’s have refused to give them an out by doing what they should have done 18 months ago. CGT, Stamp Duty & Enforcement of IRD on the 2 year buying and selling rules.
      Have the banks changed sides? Wankpac & ANZ own most of NZ’s housing debt so why would they out themselves?
      Next thing, capital flight to materialise what has been identified in the NZ Herald article,”the Perfect Storm”. Noriel Roubeni will be saying to himself, “I told you so 18 months ago” in another Herald article.

  2. Irascible 2

    Listening to Nick Smith on RNZ this morning and heard a “Cabinet Minister” denying that there was a housing crisis and then abnegating all government responsibility to step into the crisis and work to resolve it.
    Bizarre!!! Irrational and irresponsible.

    • Paul 2.1

      No crisis, Mr Smith?
      Another symptom.
      Rents rising rapidly.

      ‘The average rent in the region has gone up 21 per cent in the past five years, from $440 in 2012 to $520 in 2016.’
      Affordability was also a major factor, with more people moving further from the city in search of cheaper rents.

      “Obviously wages haven’t gone up to be able to compete with rent rises, [and] as a result of that you’re seeing people find ways to get more affordable housing, so they either move further out or move to a smaller unit,” Jeffries said.’

      http://i.stuff.co.nz/life-style/home-property/80706225/Auckland-sees-massive-rent-increases-but-not-in-the-places-you-d-expect

      Crisis.What crisis?

      • Kiwiri 2.1.1

        Good young Dr Nick Smith (his specialty is landslides and he is experiencing more). Even if he were to trip over a crisis, walk into one, bang his head into several, or swallow a few, he would he say there’s no crisis.

    • fisiani 2.2

      Nonsense. There is a hell of a lot being done. Read the truth, not just the pathetic spin by Little.
      http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11653723

      • WILD KATIPO 2.2.1

        Know your history – conditions have gotten WORSE not better.

        This was a forerunner of things to come under this govt.

        http://www.stuff.co.nz/national/politics/10468960/Aroha-of-McGehan-Close-flees-NZ

      • Kiwiri 2.2.2

        There is hell of a not being done. John Key must read out that barnstorming 2007 speech during GE2017 and barns will certainly be storming.

      • North 2.2.3

        Where’s your daily “40 houses”, fuckwit ? Not the fact of them, the facility of them in alleviating homelessness. You know, when the pitchforks come out Fused Anus……..many of my mates are gonna love being on the wooden end of the pitchfork, at your door…….which sounds cruel…….but not as cruel as you laughing and mocking at a talented 11 year old girl living in a van with two parents and four siblings. Shut your dirty mouth you low bastard. You can find me if you want to find me Fused Anus. What say we meet and have a ‘talk’, Fused Anus.

        • fisiani 2.2.3.1

          Threatened violence, scatological insults, obscenities, making things up and attempted blacklisting.Are you going for the full house of transgressions? But of course being a Lefty you have no chance of being moderated.
          Another 40 houses built in Auckland today. That’s another 40 families housed. 200 Auckland families this week.

          • Pat 2.2.3.1.1

            40 houses built today……priced from 800,000 up wards ….how many of those properties are available to those in need of housing ?…..and even if that number is correct it is still 20 houses a day short to meet demand from the increasing population, not to mention the backlog…..think about it.

            • fisiani 2.2.3.1.1.1

              In 2008 10 houses were built a day and now it is 40 a day in Auckland. Do you not understand the concept of housing stock? Obviously not. HS+40 = 40 extra families housed. That’s probably about another 100 Auckland people housed each working day unless you seriously think that Paula Bennet, Nick Smith and Gerry Brownlee all lied in Parliament. 2,000 housed in the last month. Far better than the measly 500 under Labour.

              • Pat

                you truly are dense…..Auckland needs to build approx 20,000 new homes a year to meet growth demand…..that does not include the catch up required for the under build for the past two decades….do the math.

          • North 2.2.3.1.2

            Evil !

          • North 2.2.3.1.3

            You’re a liar of course. Please……we meet.

      • FAB mouse 2.2.4

        The spin is not Andrew Little saying there is a crisis. The spin is “a hell of a lot is being done” to make it sound like no crisis here. The link starts with “Today, Andrew Little has made several incorrect claims on this website about housing.” but doesn’t state which statements are wrong or why they are wrong. Again the spin is to list lots and lots of what is being done so it seems like it must be solved already. Is it really solved?

  3. b waghorn 3

    “As house prices soar, the size of mortgages has to grow with it. ”

    As mortgage sizes grow, house prices soar with them..

    Fify

  4. Keith 4

    Banks only concern is to their shareholders not if people in this country can buy a home, not the homeless, nothing but profit. So clearly they don’t like what they’re seeing out there, whatever their lookouts are projecting is scaring the bejesus out of them. Yes they have given up on National acting in the best interests of all Kiwis so it’s every man for himself.

    Poll driven National do not want to do something or anything about this housing/debt crisis because they fear they will be blamed for the bubble bursting. Great isn’t it?

  5. fisiani 5

    There is no housing affordability crisis.
    Here is a link to a real estate firm
    http://www.realestate.co.nz/residential/all/manawatu-wanganui/horowhenua/levin

    look at all the easily affordable houses.
    New Zealand is much more than Auckland.
    The smart Aucklanders are selling up and moving to the regions.

    • Sabine 5.1

      Is Paula Bennett still paying $ 3000 to unemployed people in the regions to move to the city?

      • Kiwiri 5.1.1

        $3000 should pay for a reasonable amount of petrol for driving to and a few touring trips around Auckland city in the mobile house called ‘car’, including being stuck in the traffic.

      • fisiani 5.1.2

        You have it the wrong way round.

    • weka 5.2

      How do people moving to Levin get a mortgage without having a job?

        • weka 5.2.1.1

          yeah and I bet you really believe that getting a job in a new town is as straightforward as looking on the internet as a random list of positions.

          • fisiani 5.2.1.1.1

            You can get a job or just whinge. You can sell your $500,000 house in Auckland and buy a $300,000 house of the same size South of the Bombay hills. That leaves you $200,000 to start a business of your own. But wait , weka would then whinge about not having the ability to start a business or some other lame excuse or just blame the gummint.

            • Pat 5.2.1.1.1.1

              keep spinning…..approx 50% of Aucklander’s don’t own a 500K(or otherwise) house to sell and downgrade from……what part of “unaffordable” don’t you understand?

            • Stuart Munro 5.2.1.1.1.2

              Oh you mustn’t whinge – that nice Mr Key isn’t really your employee after all – he isn’t really just a liar and a thief and the worst economic manager NZ has ever seen. Make nice with the dictator and you might get a treat –
              “Only certainty in life: when the icy jaws of death close upon you, you will not have had enough treats.”

              Fisiani paradigm – the crawler’s credo.

            • weka 5.2.1.1.1.3

              If you already have a house and job in Auckland why would you want to sell it and move to Levin? The debate is about people living in cars, not people who already have $500,000 equity in a house. Numpty. As far as I can tell, you’re the one that’s whining, about these terrible people who won’t pull themselves up by their bootstraps, but you’re just a bit confused about who these people actually are.

              • fisiani

                Read what is actually happening
                http://m.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11653723

                If you want an affordable house why choose to live in Auckland. Even though another 40 houses have been built there since yesterday it will still be expensive. What’s wrong with living in Levin? Are you chardonnay socialists so out of touch? No wonder you lose in Levin. You can still get a decent latte in Levin. There are vacant state houses all over the country.
                Do you really think that a single woman should live in a 3 bedroom state house when there is a family living in a van?
                http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11652668

                • Houses that aren’t in the city experiencing the property bubble are cheaper? No fucking shit, Sherlock!

                  It’s a good job they didn’t put you in charge of fighting the Ebola outbreak – your “solution” would be to suggest people should just go and live in places that don’t have Ebola.

                  • Richardrawshark

                    yeah but, um living where there was no Ebola outbreak would kind of work, wouldn’t it?

                    Just saying LMAO.

                  • fisiani

                    Why choose to live in a bubble? Do you really think that the poor are hopeless? That they cannot have a life outside Auckland? No single person should be able to continue to rent a 3 bedroom state house. Surely you agree with that. Why bring up a family in a car when there is a warm dry comfortable house available?
                    It is possible to buy or rent a house in NZ for $200 a WEEK

                • Richardrawshark

                  Do you want the 5 dollar argument or the ten dollar one Fisiani?

                  You link Nick and PB’s reply? We discussed that last night?

                  Fail, lets call you on stats? who is they when they say, THEY, made 40 houses a day, rich pricks like you?

                  Do we trust a government that lies over asset sales money and had they not diverted it we may not have an emergency social housing issue. I won’t even go into the housing bubble. YET.

                  Stats from the liars LMFAO, those who lied about crime statistics? Skewing the stats by not reporting crimes as the crimes they actually were, or just not reporting them.

                  Fisiani your party is such a all out failure, defending them looks as pathetic as the direction your neo lib policies have landed us.

                  You got a free reign, you got total power, you ran your neo lib agenda all out for 8 years and guess where we are. It doesn’t work get your head out of your arse and get with the program.

                  The program is about bettering NZ, and labour are far from communist socialism that’s BS and scare tactics, if a policy works use it, like most do, when you rely on doctrine ways of governance like National and a neo lib agenda this is what happens.

                • weka

                  “Read what is actually happening”

                  That article is a nonsense. If you want me to take you seriously, cut and paste and make an actual point. Linking to two people who can’t organise their way out of a paper bag doesn’t count as an argument.

                  “If you want an affordable house why choose to live in Auckland.”

                  Lots of reasons. Are you too stupid to understand the reasons for why people are living there?

                  “Even though another 40 houses have been built there since yesterday it will still be expensive.”

                  lol, Smith and Bennett got out their magic wands and produced 40 affordable houses overnight.

                  “What’s wrong with living in Levin?”

                  Nothing. I don’t know why people would want to live in Auckland myself. But people do have their reasons, including work, family, other commitments, not being able to afford to relocate etc.

                  “You can still get a decent latte in Levin.”

                  That’s alright then.

                  “There are vacant state houses all over the country.
                  Do you really think that a single woman should live in a 3 bedroom state house when there is a family living in a van?”

                  The thing I love about this comment is that you sound so communist. Fucking brilliant.

                  • Gangnam Style

                    “The thing I love about this comment is that you sound so communist. Fucking brilliant.” – I noticed that too, Stalin would have agreed with you Fisiani.

                    • fisiani

                      Are you claiming that it is acceptable for a single woman to live in a three bedroom state house whilst a family is homeless? No wonderthe Left is languishing.

                • gnomic

                  Fizzer, you are a fruitcake. Like your chums Paula and Nick. Useless idiots all.

                  Or perhaps I misjudge you. This could be a very obscure attempt at satire?

            • katipo 5.2.1.1.1.4

              When we have working people in NZ living in cars of forced to take out accommodation loans to live in a 200/night hotel that they will never be able to pay back, then it’s time to put aside all the tired old neo-lib-victim-blaming “it’s all about personal responsibility” arguments and address the problem.

            • North 5.2.1.1.1.5

              Which assumes the person had a $500,000 house in the first place you fucking idiot. In the fullness of the whole matter, you dirty , low liar. We need to meet !

      • adam 5.2.2

        Sub-prime mortgages Weka.

        The solution for the rich to enrichment.

        • weka 5.2.2.1

          we don’t have that here though right? You can’t get a mortgate in NZ without a secure income.

    • Billy fish 5.3

      Double plus good

  6. Sabine 6

    It would be interesting to know just how much money these two banks have lend to overseas investors.

    • Sam C 6.1

      Exactly. This is mere window dressing. Banks are driven by profit, not social conscience. How many loans are the banks actually excluding with this policy? My guess is not many. Chinese money is cheaper than bank rates in NZ, so “foreign buyers” would not be financing it through NZ banks anyway. Plus, if you believe the scuttlebutt, “foreign buyers” are repatriating their money out of their domestic markets, which means by and large they are paying cold, hard cash for their purchases.

      • whispering kate 6.1.1

        That’s exactly what I thought, the banks aren’t really losing that much money surely by not loaning to Chinese buyers, Chinese buy in cash and that’s why they can just bid endlessly at house auctions (and I do have some experience of it as houses in my street almost on a weekly basis are snatched up by Chinese buyers who have very deep pockets) to whatever price until the floor is clear and everybody just drops out, they have wads of it, suitcases full of it, I have read of it in the newspapers where they buy expensive cars with suitcases full of it. Which is another thing I cannot fathom, surely banks when they are presented with wads of notes have a duty to report these transactions to IRD, the car dealers and realtors and even solicitors who deal with house transfers must be aware of all this cash flowing through the system. The young lass I saw at a recent auction phoned her Dad in China for him to transfer 1.3 or thereabouts into a bank account here to pay for the house she had just bought.

        So much for tightening up by not loaning to Chinese buyers, it looks like a PR exercise to me.

  7. Nessalt 7

    So banks are using their position to act as market stabilisers? Who would have thought that free market agents work as they are supposed to?

    makes a nice change from hearing Bloody banksters, reaping profits to send off shore, neo liberal trickle down free market economics has failed etc etc etc.

    • One Anonymous Bloke 7.1

      “Market stabilisers”.

      Nice try, Wormtongue. In their own words they are minimising risk to themselves.

      • Aaron 7.1.1

        I don’t think we can emphasise how unprecedented this is. Banks are allowed to be their own regulators these days and have, up to this point, proven to have a never ending appetite.

        It’s like, the Foxes, having been put in charge of the hen house, have actually decided to go easy on the hens! I think my head is about to explode with the improbabliity of it all.

      • Nessalt 7.1.2

        which is stabilising the market. it’s the same thing as the RBNZ does with interest rates but done at a micro level. Free market agents act rationally to protect or further there interests adjusting the markets appetite. free market works again!

        socialism 0 : free market capitalist economics stopped posting scores ages ago to protect the sensitive socialists feelings. far better to let you think you idealism and caring actually achieves something in the real world, not just the imaginary world you choose to intellectually reside in.

        you should really study economics and or finance before commenting again. same goes for most of your comments TBH, think before you spam your keyboard.

        • Pat 7.1.2.1

          free markets also self correct through crashes where investors are supposed to lose their bad investments, not be bailed out by taxpayers….that includes banks.

        • framu 7.1.2.2

          ” Free market agents act rationally”

          according to the theory – not born out 100% by reality

        • One Anonymous Bloke 7.1.2.3

          Wormtongue, the successes you are falsely claiming credit for belong to mixed social democratic economies. I’m not surprised your intellect is so piss weak you have to invent these pathetic strawmen: wingnuts and stupidity being so closely linked and all that.

          In minimising their own risk, the banks are simply transferring it to someone else.

          • Nessalt 7.1.2.3.1

            you mean the homeowners who got tricked by those big mean banks into mortgages they can’t repay if interest rates go up? awww market agents acting in a rational fashion which results in a stabilisation of the market, who would have thought the free market actually works.

            i know you genuinely believe being a keyboard care whore hoovering up imaginary internet points actually makes a difference. i bet this is the only place where you aren’t invisible to all those around so you get to be a tough guy. people cut you off all the time don’t they? and no one apologises. i feel sorry for you. truly.

            • One Anonymous Bloke 7.1.2.3.1.1

              Dimwit, did I say there’s anything wrong with banks minimising risk to their shareholders? Have you got some more strawmen lined up?

              As for the “free market”, “working”, must I rub your face in the fact that you live in a mixed economy again?

              You lose your bet, oh, and by the way, don’t you feel a vague sense of cognitive dissonance, criticising someone for making comments on an internet forum…by making a comment on an internet forum…stupidity and hypocrisy 😆

              • Nessalt

                haha back peddling on your constant criticism that new zealand is crony capitalist state run by the few now?

                our markets are free, free markets characterised by no or low barriers to entry and exit. there is regulation, but it isn’t particularly onerous and applies to the management of financial institutions in this instance, as opposed to the creation and dissolution of them.

                I make comments here to point out the incorrect nature and therefore irrelevance of your criticisms and “experiences” in your version of “real” new zealand. IF you’d like to start going on about cognitive dissonance, remember that my comments are always consistent. you are wrong, that is a consistent truism that I use. you on the other hand show an alarming inconsistency on your thoughts opinions and behavioural approaces, like most lefties. the only constant is that you agree with anything that is against the national government, so there is a theme, no matter how contradictory every opinion within your grand story arc is.

                • One Anonymous Bloke

                  In fact, my constant criticism is that the National Party is corrupt and incompetent (hence the corruption), and really really shit at being a government. This causes unnecessary hardship and distress.

                  Not sure who you’re describing.

                  PS: the only incorrect nature you point out is in the strawmen you invent. It’s dull, in every sense of the word. Backpeddling from what exactly? Link to the comment I’m backpeddling from.

        • North 7.1.2.4

          Oh Nessie bitch…….you’re Rodders Love Perks Hide coming over all erectial……how looooovely !

    • Kiwiri 7.2

      Good one, Nessalt – the banks are using their position to act as spin market stabilisers. FIFY.

      • Nessalt 7.2.1

        good one simple simon. bet you chuckled to yourself for a good ten minutes over that one. giggling like a simpleton, at such an idiotic comment. knowing nothing and trying to turn a comment to a political angle that is barely relevant makes you look stupid. i wish you’d take the kiwi out of your name. you shame this country.

        • Anno1701 7.2.1.1

          “take the kiwi out of your name. you shame this country.”

          pathetic…. truly craven

    • Colonial Viper 7.3

      So banks are using their position to act as market stabilisers? Who would have thought that free market agents work as they are supposed to?

      Oh fuck off. Bank credit has been instrumental in making houses unaffordable in this country, and as already pointed out, this is purely a matter of self interest for the banks and for the banks shareholders.

      • Nessalt 7.3.1

        you fuck off. everyone is ignoring my original point that the free market is working as it should.

        Stop injecting fucking caring meme’s. it’s so boring and brings zero real results or change. being seen to care does not equal equal knowledge.

        go like a few more kony 2012 posts on FB. that’ll save the kids. better yet, waffle on on the internet. that really effects change. OAB, looking at you

        • Pat 7.3.1.1

          we don’t have a free market(and never have had thank god)…we have a (very poorly) regulated market…and its not working as it should due to a number of distorting interventions

        • One Anonymous Bloke 7.3.1.2

          Have you caught up with the fact that you live in a mixed economy yet?

        • dave 7.3.1.3

          everyone is ignoring my original point that the free market is working as it should. its not a free market how do you explain the rental supplement them ?????

          • One Anonymous Bloke 7.3.1.3.1

            Nessalt is projecting: in fact, the only person ignoring the points others are making is Nessalt. I’d like some discussion of my assertion that the banks are simply shucking risk, rather than lowering it overall. Fat chance getting it from a wingnut.

    • Anno1701 7.4

      dont mistake analytical capitalism for altruism ….

      they have runt he figures and they are minimizing risk, when the bubble bursts they know they cant chase the buyers back to wherever they are from and will not be-able re-coup any money from foreign nationals who flee their debts when all of a sudden their rental portfolio drops how ever % many in value compared to what they have borrowed based on their fraudulent declaration of earnings abroad

      its a “firewall” against the rampant mortgage frauds that have been perpetrated that we will find out about soon enough …

      • Draco T Bastard 7.4.1

        +1

        The entire financial system’s a fraud but the open borders policies on financial capital has accelerated that way beyond the norm and now the people are going to have to pay for it.

    • Draco T Bastard 7.5

      So banks are using their position to act as market stabilisers? Who would have thought that free market agents work as they are supposed to?

      Was them causing the problem in the first place also them working as intended?

      And to be honest I really can’t see this making enough of a difference.

      • Pat 7.5.1

        nope, but its a signal for everyone to batten down the hatches……they are preparing for defaults.

    • North 7.6

      Oh Nessalt what has happened to you right wing arse of a thing ? You acknowledge all of what you purport to throw shit at…….

  8. Eralc 8

    I used to work for one of these banks in Lending. We were constantly assessing risk, especially in light of the events and outcomes of the GFC. Since that time, the banks have really tightened up. What the banks have done is just BAU – nothing unusual about it, it’s just getting more publicity that’s all.

    The Banks aren’t losing out on revenue by doing this – they’re limiting their risk, managing their risk and will mitigate in some other way. They have shareholders to answer to, that and risk are the big drivers.

    As fisiani points out above, there’s no housing crisis – plenty of properties south of the Bombays at reasonable prices.

    • Kiwiri 8.1

      Yeah, no housing crisis south of the ‘Bombays’; check out those 3br houses for under $200k in Lumsden.

    • Colonial Viper 8.2

      As fisiani points out above, there’s no housing crisis – plenty of properties south of the Bombays at reasonable prices.

      Well, that would be fine if politicians and business got off their collective arses and started creating employment opportunities in the regions.

      • fisiani 8.2.1

        Fancy owning 5 bedrooms for just $180,000
        http://www.realestate.co.nz/2818763

        $205 a week for a mortgage.
        Note that it is two houses. Live in one and rent the other.

      • Bob 8.2.2

        Is it illegal to start a business yourself south of the Bombays?
        Why does everyone have to wait for someone else? Half of the complaints on here are people saying the banks give out money too easily, and I have heard many complaints on this site that business owners are tax dodging rich pricks, so why not borrow some of that easy money, pay tax and live comfortably in an affordable house?

      • AB 8.2.3

        “Well, that would be fine if politicians and business got off their collective arses and started creating employment opportunities in the regions.”
        If politicians did it that would be ‘intervention’ which is ipso facto (and a priori) bad in the strange world of Nactonomics

  9. Colonial Viper 9

    I think we may have missed the big statistic here: more than 40% of house sales throughout the country are by investors.

    That activity, especially as it will be concentrated at the rental end of the market, locks out a massive amount of would be first home buyers.

    This is the problem in NZ.

    • Pat 9.1

      1990 population 3.3 million …..70,000 state rentals

      2016 population 4.6 million…..69,000 state rentals

      • Kiwiri 9.1.1

        Can’t wait for Paula-Nick to do a tandem over how their government is a victim of its own fabulous financial success that’s reflected in the stunningly drastic drop in the real rate of state rentals.

        Leaving those two to front the media, Mr Smile-and-Wave has buggered out of town.

        • Pat 9.1.1.1

          I think you do our dear Paula and Nick a grave disservice…..its obvious to anyone how hard they are trying to solve the housing problems of our less affluent NZers

          • Kiwiri 9.1.1.1.1

            *coffee over keyboard*

            And it is such a great pity for Paula that Australia has changed so much since 1788-1868 that she can’t issue a press release this afternoon to say those living in cars, garages and streets will be criminalised and then shipped to West Island before GE2017.

            • Pat 9.1.1.1.1.1

              Ah …West Island…that diminishing home of our ever sympathetic financial institutions….perhaps Paula and Nick may care to take an (extremely) extended fact finding visit.

    • Infused 9.2

      Yeah, and you will find it’s not foreigners. It’s us, being greedy fucks.

      • Kiwiri 9.2.1

        You are a genius. Update: it’s Lumsden’s fault, Labour’s fault, and all our own fault.

      • Gangnam Style 9.2.2

        “It’s us, being greedy fucks.” – well duh, that’s the whole ‘neo-lib’ thing/raison d’être innit? The Invisible Hand is out to grab & hoard as much as it can.

  10. Infused 10

    It’s bullshit and shows how little you understand.

    True ‘foreign’ buyers bring the money in from China where it’s far cheaper. This was just a marketing ploy as the banks will have very little borrowing from foreign buyers.

    A master stroke by the banks.

    • save nz 10.1

      Yep foreign buyers bring foreign money in, and then Kiwis have to pay higher interest rates for their mortgages and businesses.

      Lose, lose.

      But agree with your point, that normal foreign investors use much cheaper rates available practically everywhere else in the world than NZ.

      So for locals it is not a fair playing field, you could be paying over 4% higher interest than our foreign buyers when you buy anything here.

    • Visubversa 10.2

      Absolutely – the money comes in from overseas and the only Pakeha hands that touch the whole process are the Consent people at Council.

  11. Observer Toke 11

    .
    . Could you please try and understand that no one south of the Bombay Hills wants anyone from Auckland.

    Please try and work out why that is. It is simple enough. It has to do with rising house prices; rising rentals; low rural wages; and gross lack of jobs; clinics but few Hospitals. High cost of travel to Hospitals. And to other essentials services.

    Keep Aucklanders in Auckland. They are incompetent; unskilled; lazy and lacking compassion. Big on ego. Short on everything else.

    They have had near two hundred years to get Auckland right. Still, it is in a worse state than ever!

    It is Auckland’s task to get their incredible mess fixed. Leave the rest of New Zealand out of their pooh.

    • b waghorn 11.1

      Your completely wrong. Lose of population in rural towns is what has driven the reduction in services, most of the issues you mention could be solved by government actively pumping life back into the provinces.

      Oh and not all of us are anti aucklanders. Get sick of hearing about Auckland yes .

    • Sabine 11.2

      so are you saying that Aucklanders are not New Zealanders?

      No one from New Zealand ever moved to Auckland? Really?

    • Chumly 11.3

      Well…I guess to an extent there is some of that rhetoric bubbling around.
      Probably what killed the regions was the rate at which technology just never made it out there. NZ was so incredibly slow on the uptake and in realising that the internet was the future (and that applies in a general sense, too).
      The lure of the city! Oh the city with all it’s everything!

      Fair to say New Zealand’s egalitarian heyday was infact when the regions were thriving.
      Take me back to the sheep farm.

    • Treetop 11.4

      Pleased that you raised access to a hospital.

      There is the health shuttle which runs between Levin and Palmy, missing it would be a problem.

      Not sure if still the case, Levin did not have a ASB bank four years ago.

      Leaving the town using public transport is the only way in or out of Levin if carless. Short trips on Intercity are quite dear. To get around Levin a push bike (ok for a single person with average health) is an option. Walking is a last resort.

      The Auckland rail system is 100 years behind.

      Housing in Auckland is about 30 years behind.

      Family separation can be tough (five members of my family had to relocate several weeks ago, my life is not the same).

      Living in NZ is a lot harder than it used to be.

      Key works for the US first and NZ takes second place, that is what I think the problem is.

  12. save nz 12

    Most foreign investors have access to much cheaper interest rates than NZ so would be using the cheaper rate, so my guess is that the foreign investors that are using NZ banks to borrow, are likely to be scamster’s or to money launder.

  13. Observer Toke 13

    .@ B Waghorn

    . I think if you read what I have written, we are in agreement about a lot of the rural issues.

    If jobs were increased in rural areas there would be no problem with shipping people out of Auckland. But jobs (income) is the first and foremost necessity for any adult human being.

    Auckland appears to have jobs but has run out of affordable housing. This has caused high rental rates.

    So instead of sending people to places that have no jobs and no prospects, why not get Auckland to build affordable houses.

    My shock at the incompetence of Auckland is not against individual people. But I think their idea of getting rid of people by sending them off to far away jobless places is absurd.

    • Colonial Viper 13.1

      Plenty of people from regional NZ who have moved to Auckland for jobs would love to leave the bloody place if there were jobs back nearer to their home towns.

      • Stuart Munro 13.1.1

        +1000

      • Richardrawshark 13.1.2

        If you move away from work, WINZ I suspect will cancel your benefit. There are only certain area’s they actually allow you to move from and your forgetting that.

      • Little Kiwi 13.1.3

        Aucklanders shouldn’t be forced to move because of speculation. It’s moving rapidly to the rest of the country so they could move and not much later wind up with the same issues. There is a lot of focus on Auckland but the problem is rapidly becoming country-wide. The homeless situation is getting some global attention now, so the govt can’t deny it’s a problem any longer. To be honest I did love leaving Auckland but I can’t afford to rent where I am now and the next move is overseas because I can. I just feel really sad that NZ has come to this level of greed.

    • framu 13.2

      “My shock at the incompetence of Auckland is not against individual people”

      “They are incompetent; unskilled; lazy and lacking compassion. Big on ego. Short on everything else. ”

      fair points on the rest – but really?

    • save nz 13.3

      @Observer Toke -it’s not Auckland people trying to do these ridiculous things, – it’s Wellington to Auckland.

      Even the stupidest journalist at Granny is now seeing that they are looking like idiots mimicking the government on housing, and saying that their SHA are working. RMA grants 99% of consents. You can put in a roll of toilet paper with a plan and a cheque and Auckland council planners will consent it if you pay them enough. It’s the built houses that are missing from the big picture, that, and the infrastructure and too many people.

      Some Troll yesterday spouting that line – 40 building consents per day, is somehow 40 houses available now and built for affordability!

      Get the sock puppets out again.

      National have had 8 years to solve it and they have added 100,000’s of extra people in that time, National are creating the housing crisis!

      Now apparently not only the poor have to move out to make way for whoever the government apparently deems more worthwhile to house in Auckland (Sky city workers maybe?) but also the middle class should sell their house in Auckland and then move somewhere cheaper to free up housing.

  14. Adrian 14

    It,s complex but any private money coming out of China is pretty much illegal, you have to put it in a banks special account there and draw out a similiar amount in an overseas subsidiary and if the money is ill-gotten ( as a lot of it is ) and dodgy it gets even trickier involving gold and diamonds etc.
    Do we really want dodgy fuckers investing here?

    • Colonial Viper 14.1

      In which jurisdication is that money illegal Adrian?

      Why is it that the NZ banking system and NZ real estate agents accept illegal money?

  15. Observer Toke 15

    . @ Sabine

    Are you proud of Auckland for not having adequate affordable housing and reasonable rents?

    Don’t you want them to get cracking and fix the situation they have got themselves into?

    Why would you want to shunt your fellow Aucklanders off to places that have no jobs?

    Auckland is New Zealand’s dumb city. I regret if that offends you.

  16. Draco T Bastard 16

    In those states, if a property ends up worth less than the mortgage, the homeowner can effectively post the keys back to the bank and leave their debt behind them.

    In New Zealand there’s no such escape: the debt stays with the borrower.

    Translation: The lenders are protected from the risks that they take and all the risk is placed upon the borrowers.

    If a nation has good savings then it is not so dependent on foreign investment and less vulnerable to global economic shocks, MacCulloch says.

    Actually, if we didn’t allow foreign investment then foreign borrowing wouldn’t be a problem. And really, foreign money doesn’t actually bring anything of value to NZ as we can always afford to utilise our own resources. If all available resources are presently in use then all foreign cash does is push up inflation.

    Debt itself is not inherently good or bad. “As a financial tool it is a wonderful invention,” says MacCulloch.

    “It allows you to buy a house and pay for an education. So you can smooth consumption over your life cycle.

    “You need debt. It’s sort of fundamental to economics.

    Typical bollocks from an economist who wouldn’t know what an economy was if they tripped over one. And certainly doesn’t understand the position of society within peoples lives.

    Debt is fundamental to the rich getting richer off of other peoples work. It has no other purpose.

    We are told repeatedly we must have a strong banking sector to have a successful economy. But the reality is they are not the doers, they are only the facilitators. Somehow we’ve put the facilitators on a pedestal, in a way that has never happened before in history.

    Yeah we have the most notable being the Great Depression and then the GFC but we’ve been doing it consistently for the last 5000 years of recorded history and it always ends up the same way – with the collapse of the society that does it.

    We cannot afford the rich

    Bill English certainly remains adamant that individuals are best placed to make their own choices about borrowing and spending.

    Actually, individuals haven’t got a friggen clue as they haven’t got the information needed to put their borrowing into the perspective of the entire society and what society can afford. That’s what bubbles are – individuals pushing spending and borrowing beyond what the society can afford. And that’s assisted by the fact that the private banks create money every time that they make a loan and they’re incentivised to maximise lending so as to maximise profit.

    The profit motive bringing about the worst possible result for society

    The US can sustain 100 per cent of gross government debt to GDP because it is a super-economy

    No, it’s got an economy that’s identical to our one. It has it’s physical resources, it has its people and it has its people’s skills. And that’s it. Their huge land mass means that they’ve got a lot of those things but it’s still the same as every other economy.

  17. Takere 17

    So is the catalyst for the Nat’s to call for an early election? The election you wouldn’t want to win?

  18. save nz 18

    Is John Key and the National government going to call the banks racist like they call everyone else for trying to contain the problem and lesson the stability of NZ?

    • Richardrawshark 18.1

      Only if they refuse to lend to people with Chinese sounding names 🙂

  19. Observer Toke 19

    To: SaveNZ

    . I can agree with you that Parliament (which is rock solid out of touch) has allowed a situation to build up. Far too many immigrants seeking residence in Auckland, where there is a morgue like paralysis in infrastructure, as well as in additional Housing.

    The captain of a ship knows that if you put too much freight on it it will sink in a rush of chilly bubbles.

    On top of the morgue mode, 40% of our houses go to foreign non resident investors.

    But worse still, the prices of the houses are pushed up to ridiculous levels which only the foreigners can afford.

    The out of touch Parliament does nought. The Council keeps its morgue like immobility and the people of Auckland don’t give a twopenny cuss.

    We need a leader who will reduce immigration; who will put ceiling prices on houses and rentals until things settle; and which will build more infrastructure and Housing.

    That Captain could be Bernie Sanders. He is Mr Common Sense. But it would seem Auckland wants to do nothing, and drown like silly little shrimp. Bugger common sense. Eh

    • save nz 19.1

      @Observer Toke – actually it’s a great strategy for National clinging to power. They move poorer voters out of Auckland and richer overseas folks in to vote for them. They have no intention of changing this – that is why no houses are being built and those that are, are not for local waged folk. Then locals buying are expected to pay for increased house prices with higher mortgages and are between a rock and a hard place and yes, nobody in this mess can afford for house prices to fall significantly.

      If you have a look at what happened in the USA with the GFC, it was the ordinary person who coped it, losing their house, their job, their medical and their retirement savings, while the government bailed out the banks. After that crash there was not this inequality gain that a lot of people in NZ seem to think will happen if property prices crash here, quite the opposite has occurred in the US, everyone lost their jobs and savings, the poor are poorer, the middle class are poorer, the rich are poorer and the super rich own everything, including the politicians.

  20. Richardrawshark 20

    Imagine if for any reason,. something came along that scared these speculators and foreign investors enough to pull out of housing.

    69k mortgage half way there.. 100 a week..so happy, so, so, happy.

  21. Smilin 21

    The ultimate exercise in self regulation by the govt -Wait for the market to do something even though the govt has a democratic obligation or is it just my politics not theirs

  22. Observer Toke 22

    .
    To: Save NZ

    . I sincerely hope that many people will read your most recent Post. 19.1

    For mine, you have the issues straight, clear and very telling!

    .
    I truly hope Auckland gets off its ass and lets the Pollies and the Council know what they should be doing. In the meantime Auckland is drifting like a sinking boat …

    • Treetop 22.1

      “In the meantime Auckland is drifting like a sinking boat…”

      Success creating failure?

      Heard a discussion on the port of Auckland last weekend. I thought similar to Peters, fill up the harbour with ocean liners (at least those embarking will not require a bed for the night) and move the container operation up north, that just may create some regional growth.

      I won’t be here in 50 years, so I will not know if the Auckland harbour gridlock will be another fail.

Links to post

Recent Comments

Recent Posts

  • Close Tiwai Point
    Tiwai Point's electricity contract is up for renewal. And as usual, they're sticking their hand out, demanding a government subsidy, and threatening to close if they don't get one:The owners of the aluminium smelter said on Wednesday that there were seeking talks with the Government amid a strategic review which ...
    No Right TurnBy Idiot/Savant
    5 hours ago
  • How volcanoes influence climate and how their emissions compare to what we produce
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz Everyone is going on about reducing our carbon footprint, zero ...
    SciBlogsBy Guest Author
    7 hours ago
  • ACT: Backed by Nazis
    So, it turns out that the ACT Party - which previously called itself "the liberal party" - is financed by Nazis:ACT Party leader David Seymour says his party will not return a donation from Mike Allen, a Christchurch businessman who sells mock "Make America Great Again" hats to fund advertising ...
    No Right TurnBy Idiot/Savant
    8 hours ago
  • Counting Barretts
    Just in case you don’t have a seven-year-old boy in your house (in which case this will be obvious) a well-known brand of breakfast cereal here in NZ is currently coming with All-Blacks stats cards. Perfect for finding out your favourite rugby player’s height, number of caps, and how much ...
    SciBlogsBy Marcus Wilson
    8 hours ago
  • Bullying their critics
    Over the past month we've heard some horrific stories about bullying in the police. The police's response? Try to bully people into silence:The police have told a whistleblower to retract his statements to RNZ about being bullied or face legal action. The demand came just hours after Police Commissioner Mike ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • Member’s Day: End of Life Choice, part 5
    Today is a Member's Day, which should see the final part of the committee stage of David Seymour's End of Life Choice Bill. The big question today is the referendum clause: will it be necessary, or can the bill pass without it? While the majorities for his amendments during the ...
    No Right TurnBy Idiot/Savant
    12 hours ago
  • There is no ‘gendered brain’
    One of the key arguments used by trans ideologists is that some male-bodied people (ie men) are women because they ‘feel’ they are women.  To make this hocus-pocus sound a bit more credible, some will argue that such men have a ‘female brain’.  But this is thoroughly anti-scientific too. . ...
    RedlineBy Admin
    12 hours ago
  • Canada’s electoral system is broken
    Canadians went to the polls today in parliamentary elections, and appear to have re-elected blackface wearer Justin Trudeau. Unfortunately, they use first-past-the-post, and they've provided a perfect demonstration of how unfair this system is:PartySeats% Seats% VoteLiberal15746.4%33.1%Conservative12135.8%34.4%Bloc Québécois329.5%7.7%New Democratic Party247.1%15.9%Green Party30.9%6.5%Other10.3%2.4% [Results from Elections Canada] Yes, the Liberals got fewer votes ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Measles: the quackery that is homeopathic “vaccination”
    A few days ago, a friend sent me a link to a health-related FB page that had published a post from a homeopathist, offering homeopathic “vaccination”¹ against measles (using something called a “Morbillinum nosode” at a “potency” of 200C, which I’ll explain shortly). I followed the link, left a comment ...
    SciBlogsBy Alison Campbell
    1 day ago
  • Colombia: 20th anniversary of La Gabarra massacre
    by Gearóid Ó Loingsigh This year marks the 20th anniversary of the La Gabarra massacre. The community organised an event to remember the most well-known of the horrendous heart-breaking events that befell the communities of this area of the municipality of Tibú: the massacre carried out on August 21st 1999. ...
    RedlineBy Admin
    1 day ago
  • A prediction
    There was another police chase in Christchurch this morning, resulting in a crash which killed one person and injured five more. Because someone died, the chase is being investigated by the Independent Police Conduct Authority. And based on previous reports by the IPCA, we know how it will go: the ...
    No Right TurnBy Idiot/Savant
    1 day ago
  • Climate Change: The Zero Carbon Bill
    Just a month ago we saw the biggest protest in a generation as people marched to demand stronger action on climate change. A core demand of the protesters was to strengthen the Zero Carbon Bill's target to net-zero by 2040. So what is the government's response? Judging by the ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Zombie ants, updated
    Back in 2010, I wrote about the strange tale of the zombie ants, which do the bidding of their fungal overlords. (They’re not an isolated example; a range of parasites change their hosts’ behaviour. See here and here for example – though as you’ll find, the toxoplasmosis story may be ...
    SciBlogsBy Alison Campbell
    2 days ago
  • Paying For Our Pakeha “Guilt” And “Privilege”.
    Shouldn't That Be: "Wrong White Crowd"? Rather than apportion guilt, would it not have been wiser for the makers of Land Of The Long White Cloud to accept that the Pakeha of 2019 are not – and never will be – “Europeans”? Just as contemporary Maori are not – and ...
    2 days ago
  • A Bodyguard of Truths.
    One, Two, Many Truths: With the collapse of “actually existing socialism” in 1991, the universities of the West found themselves saddled with a new mission. With their ideological competitors now soundly defeated they were no longer required to demonstrate the superiority of capitalist values. Their job now was to cement ...
    2 days ago
  • A call to unionists
    by the Council of Disobedient Women   We call on the Council of Trade Unions to show some fortitude and take a stand with your sisters. Unionists know that there is a material world, otherwise workers could simply identify out of poverty. They could declare themselves Well Paid. Why stop ...
    RedlineBy Daphna
    2 days ago
  • Sophistry and bullshit
    I spent some time reading the Regulatory Impact Statement and Bill of Rights Act advice for the government's odious control order scheme today. I am not impressed with either of them. Starting with the RIS, it is built on some pretty questionable assumptions. For example:Unless individuals have been convicted of ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • I’m so fly, I’m #NoFly!
    #NoFly: Walking the talk on climate change, by Shaun Hendy. BWB Texts, 2019. Reviewed by Robert McLachlan In June 2018, Swede Maja Rosén founded We stay on the ground with a pledge not to fly in 2019, and a goal of persuading 100,000 other Swedes to join her. In August, ...
    SciBlogsBy Guest Author
    2 days ago
  • Punishing the young
    We all know that NZ First is a party of and for old people who hate the young. But they've topped their previous pedophobia with a proposal that all young people be forced to do 100 hours community work:NZ First wants all young people to do 100 hours of community ...
    No Right TurnBy Idiot/Savant
    2 days ago
  • Journalism, clickbait, & ideas of classical beauty – but not science
    A couple days ago the NZ Herald published a story with the headline, “Science says Bella Hadid is world’s most beautiful woman“, and followed up with the ridiculous statement that Supermodel Bella Hadid has been declared as the world’s most beautiful woman following a scientific study into what constitutes as ...
    SciBlogsBy Alison Campbell
    2 days ago
  • Is Simon’s Smile Sustainable?
    A Sustainable Proposition: With as much as 18 percent of the electorate declaring itself “undecided” about who to vote for, there is obviously plenty of space for a party like former Green Party member, Vernon Tava's, about-to-be-launched "Sustainable NZ Party" to move into. The most hospitable political territory for such ...
    3 days ago
  • What the actual Hell?
    Keir Starmer has hinted that Labour might vote in favour of the Johnson government's shoddy deal, with the proviso that a second referendum is attached:Speaking to BBC One’s The Andrew Marr Show, he said: “We will see what that looks like but it makes sense to say that by whatever ...
    3 days ago
  • Hard News: Dealer’s Choice, an oral history from Planet 1994
    In 1994, I was the editor for an issue of Planet magazine focused on cannabis, its culture and the prospects for the end of its prohibition. Part of that issue was an interview with 'Ringo', an experienced cannabis dealer.I recently posted my essay from that issue, and I figured it ...
    4 days ago
  • The invasion of women’s sports by men: some facts
    Dr Helen Waite, sports sociologist and former elite athlete, on the invasion of women’s sport by men and the anti-scientific and misogynist ideology used to rationalise it.   ...
    RedlineBy Admin
    4 days ago
  • Remainers starting to sound like fascists
    As Brexit comes to a grisly conclusion (perhaps) people on all sides are saying intemperate and uwise things.  Some, like the Daly Mail, have been doing it for years.People as normally level headed as Jon Lansman are calling for automatic deselection of MPs who vote against a (likely) Labour three ...
    4 days ago
  • Labour MPs supporting Johnson’s turd-sandwich deal?
    I find this unbelievable:
    I've got one source saying more Labour MPs than expected are mulling whether to vote for the deal - including names who were not on the letter to Juncker and Tusk— Emilio Casalicchio (@e_casalicchio) 17 October 2019 I've compiled a list of possible reasons why Labour ...
    5 days ago
  • Why do we need control orders again?
    On Wednesday, the government was loudly telling us that it needed to legislate to allow it to impose "control orders" - effectively a parole regime, but imposed without charge, prosecution, conviction or real evidence - on suspected terrorists because they couldn't be prosecuted for their supposed crimes. Today, it turns ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Bullshitting the Minister
    On Monday, the Hit and Run inquiry heard from NZDF's former director of special operations, who claimed that the defence Minister knew everything about the Operation Burnham raid. Today, the inquiry heard from that (former) Minister - and it turns out that he didn't know nearly as much as NZDF ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Speaker: Extinction Rebellion is not a cult (but ecstasy for the people)
    Yoga gurus and cult leaders – I’ve seen a few. Two weeks ago, I unknowingly joined an alleged new-age cult at the Kāpiti coast, together with a giant kraken and some neatly dressed pensioners who would make any book club proud.They were among the two hundred people of all ages ...
    5 days ago
  • We need to bring the police under control
    The last decade has seen a trend of increasing weapons availability to police. Assault rifles. Tasers on every hip. Guns in cars. And following the march 15 massacre, pistols on every hip, all over the country. At the same time, its also seen an increase in the abuse of force: ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • If you can’t measure it, does it exist?
    In the last couple of weeks, I’ve been busy preparing for our summer paper on Science Communication. Looking for something amusing about ‘risk’ in science, I came across this neat xkcd.com cartoon about why so many people come knocking on my door (or phoning me, or emailing me) desperately wanting ...
    SciBlogsBy Marcus Wilson
    6 days ago
  • Swinson’s swithering
    Jo Swinson is doing even worse at this Being Sensible lark that I'd thought.  I've just become aware of the following utterance
    .@KayBurley presses Lib Dem leader @joswinson on whether she would agree to a #Brexit deal 'no matter how bad a deal it is' as long as it had ...
    6 days ago
  • Women’s rights, trans ideology and Gramsci’s morbid symptoms
    by John Edmundson The International Socialist Organisation (ISO) have recently reposted a February article, by Romany Tasker-Poland, explaining ISO’s position in the “trans rights” debate.  It is available on their website and on their Facebook Page.  The article sets out to explain why “socialists support trans rights”.  It reads more ...
    RedlineBy Admin
    6 days ago
  • We need to take guns off police
    Today's IPCA report of police criminality: a police officer unalwfully tasered a fleeing suspect who posed no threat to anyone:The police watchdog has found an officer unlawfully tasered an Auckland man who broke his ankle jumping off a balcony to escape arrest. [...] To avoid arrest, the man jumped over ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • “Bringing kindness back”
    "Auckland City Mission: 10% of Kiwis experiencing food insecurity", RNZ, 16 October 2019:About half a million people are experiencing food insecurity, according to new research from the Auckland City Mission. Food insecurity, or food poverty, is defined as not having enough appropriate food. The City Mission said over the last ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Press Release: “Fake News” from Auckland City Council CCOs Board Chairs re pay and performance b...
    Media Statement for Immediate Release 16th October 2019 “Fake News” from Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers Despite comments from Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers—Herald Newspaper Tuesday Oct 15th–there is very little evidence ...
    Closing the GapBy Tracey Sharp
    6 days ago
  • Ever-So-Slightly Bonkers: Simon Bridges Plays To His Base.
    Would You Buy A Used Propaganda Video From This Man? Bridges and the National Party’s strategists have discovered that the ideas and attitudes considered acceptable by today’s editors and journalists are no longer enforceable. The rise and rise of the Internet and the social media platforms it spawned means that ...
    7 days ago
  • Asking for food
    There is plenty of evidence of the way the business mentality has permeated every level of society since the recrudescence of market liberalism 35 years ago. You only need to think of how citizens in need of help from their government, their state, their country, are now routinely described as ...
    Opposable ThumbBy Unknown
    7 days ago
  • Forty years of change in the jobs Kiwi do and the places they call home
    John MacCormick Over the last 40 years, New Zealanders – and people in other countries – have experienced big changes in the jobs they do and where they live and work. These changes include: a decline in manufacturing jobs an increase in jobs in ‘information-intensive’ industries (which are better paid ...
    SciBlogsBy Guest Author
    7 days ago
  • Protecting Fresh Waterways in Aotearoa/NZ: The Strong Public Health Case
    Nick Wilson, Leah Grout, Mereana Wilson, Anja Mizdrak, Phil Shoemack, Michael Baker Protecting waterways has the benefits of: (1) protecting water from hazardous microbes; (2) minimising cancer risk and other problems from nitrates in water; (3) avoiding algal blooms that are hazardous to health; (4) protecting mahinga kai uses (cultural ...
    SciBlogsBy Public Health Expert
    7 days ago
  • Massey University triggered to rebrand
    by The Council of Disobedient Women In a press release today Massey University announced it has decided to rebrand and reorientate after struggling to be a University for grown-ups. For some time the University has wanted to be a safe play space for wee-woke-misogynists who have been really badly triggered ...
    RedlineBy Daphna
    1 week ago
  • Swinson backing calls for a second referendum (again)
    After a brief dalliance with 'hard Revoke' it looks like the Lib Dems are changing ground on on Brexit, with leader Jo Swinson reverting to calling for a second referendum on Johnson's deal.The party has tabled an amendment to the Queen’s speech requesting that any deal brought back from Brussels ...
    1 week ago
  • An odious bill
    The government has decided that someone has done Something Bad. But despite their belief, there seems to be no evidence that they have actually broken the law. So the government's solution is to pass a retrospective law allowing them to be punished anyway, on a lower standard of proof. If ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • National is now the party of climate arson
    So, Judith Collins has done a Facebook rant about climate change, peddling the same shit National has been shovelling for the past twenty years: the impacts are overstated, there's no need to do anything about it, and its too hard anyway (oh, and its so unfair that people who peddle ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • The environmental footprint of electric versus fossil car
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz There is a lot of discussion on the benefits of ...
    SciBlogsBy Guest Author
    1 week ago
  • “Manifest” by Andrew Bird – A Song For The Times.
    I came across this song quite by accident. If it isn't one of Greta Thunberg's favourites - it should be.Video courtesy of YouTube.This post is exclusive to Bowalley Road. ...
    1 week ago
  • Passing the buck
    Last month, NZDF's shoddy coverup of what it knew about civilian casualties in Operation Burnham began to fall apart, with the revelation that a report on the matter, which NZDF claimed not to have, had been sitting in an NZDF safe for the past nine years. Yesterday, the man responsible ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • India a major player in Earth observation satellites
    While many imagine that countries like the USA and Europe dominate space activities, in fact India is now a major player on this stage. It launches satellites for its own purposes and also commercially, and has constellations orbiting our planet and returning data of vital importance to that nation in ...
    SciBlogsBy Duncan Steel
    1 week ago
  • The rot at the top (2).
    Thanks to a report from the Acting Inspector General of Intelligence and Security following a complaint by Nicky Hager, we have come to find out that the SIS illegally spied on Mr. Hager on behalf of the NZDF after publication of Hager’s 2011 book, Other People’s Wars. The NZDF justified ...
    KiwipoliticoBy Pablo
    1 week ago
  • Common misconceptions about “Global Warming”
    COMMON MISCONCEPTIONS ABOUT GLOBAL WARMING MYTH 1: Global temperatures are rising at a rapid, unprecedented rate. FACT: The HadCRUT3 surface temperature index, produced by the Hadley Centre of the UK Met Office and the Climate Research Unit of the University of East Anglia, shows warming to 1878, cooling to 1911, ...
    An average kiwiBy admin@averagekiwi.com
    1 week ago
  • A climate of tyranny
    For the past week, Extinction Rebellion has been peacefully protesting in London to demand action on climate change. The British government's response? Ban their protests:Police have banned Extinction Rebellion protests from continuing anywhere in London, as they moved in almost without warning to clear protesters who remained at the movement’s ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Collins crushes climate
    An essay by Judith Collins MP reported on Carbon News yesterday seems to show an alarming shift in attitude within the National Party. Collins argues against the Zero Carbon Bill, the Paris Agreement, and downplays the magnitude of climate impacts. The Paris Agreement was adopted in December 2015 and ratified ...
    SciBlogsBy Robert McLachlan
    1 week ago
  • More disappointment
    When they were running for election, Labour promised to overhaul the Employment Relations Act and introduce fair pay agreements to set basic pay and conditions on an industry level, preventing bad employers from undercutting good ones. They followed this up by establishing a working group, which reported back in January ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • What do these mother-child studies really say about fluoridation?
    A list of indicators of bad science – many of these are found in articles promoted by anti-fluoride activists. Anti-fluoride activists have been pouring money into a scaremongering campaign warning pregnant women not to drink fluoridated water. They claim fluoride will lower the IQ of their future child. Fluoride ...
    1 week ago
  • Losing Labour’s Mills-Tone.
    Nothing Left To Say: Labour's pollster, Stephen Mills, remains swaddled-up in the comforting myths of the 1980s. As if the experience of Roger Douglas’s genuinely radical post-Muldoon policy agenda was literally a once-in-a-lifetime thing – as much as the party could possibly absorb for at least the next 50 years.MEMO ...
    1 week ago
  • Speaker: Disability and the Royal Commission of Inquiry into Historical Abuse
    The Royal Commission on abuse in care is very significant for the disability community. For many decades last century, thousands of disabled children, and adults who managed to survive, were locked away from families and communities. This was not for anything they had done, but for the perceived threat their ...
    1 week ago
  • Spain is not a democracy
    No Right TurnBy Idiot/Savant
    1 week ago
  • UK Conservatives hate democracy
    With an unfair voting system, uneven electorates and an un-elected upper house, the UK's "democracy" is barely worthy of the name. But now the government wants to make it worse:The government has been accused of suppressing voters’ rights with the potential disenfranchisement of tens of thousands of people after plans ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • What is wrong with our building industry?
    Back in the 90's and early 2000's, the building industry was building leaky homes which should never have been granted consent. Now it turns out they've been building dodgy office blocks as well:New imaging technology has revealed hundreds of major buildings nationwide have defective or missing concrete or reinforcing steel. ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Local bodies
    Local body election results were released over the weekend, to joy or despair depending on where you live. In Auckland, Phil Goff trounced John Tamihere, who is muttering darkly about running for Parliament again (but which party would want him?) Wellington is now a wholly-owned subsidiary of Weta Workshop, except ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • A future of government
      How could government evolve over the next decades? Reports of democracy’s imminent demise are greatly exaggerated.  However, satisfaction with political systems in many countries is low, so there is much to do for governments of all political stripes to improve relevance and trust. Digital technologies are seen as one ...
    SciBlogsBy Robert Hickson
    2 weeks ago
  • Speaker: Catalonia, interrupted
    Two years have now gone by since the Friday afternoon when my university-student son and I headed out of our Barcelona flat to a nearby primary school, designated as a polling station for the vote that was to be held the following Sunday: the referendum on Catalonia’s independence from Spain ...
    2 weeks ago
  • Sage Decisions Unwisely Over-Ruled.
    Overruled: The joint decision of Finance Minister, Grant Robertson (Labour) and his Associate Minister, David Parker (Labour) arguably the two most powerful ministers in Jacinda Ardern’s government, to grant OceanaGold the consents which Land Information Minister, Eugenie Sage (Greens) had earlier denied them, offers bitter proof of how hard fighting ...
    2 weeks ago
  • Government may ban voting in effort to get more people to do it
    More than double the number of people who will vote in this year’s local body elections have tried marijuana or urinated somewhere they shouldn’t have. As local elections look set for the lowest turnout in decades, with many regions falling well short of 40%, the Government is exploring a number ...
    The CivilianBy admin
    2 weeks ago
  • Woman: Deleted.
    A Statement on Abortion Law Reform by the Council of Disobedient Women   On the eve of bringing an end to antiquated, anti-women abortion laws Green MP Jan Logie intends to write women out of the Bill. With a stroke of the pen, the woke are aiming for total erasure ...
    RedlineBy Daphna
    2 weeks ago
  • The Hollowest of Men Ride Again… SURPRISE!
    Musings continue apace about “the experienced businessman!” soon to be taking up a National Party MP position. Or to be more accurate, being parachuted into a seat to shut down their former MP Jamie-Lee Ross, who despite his own shortcomings shed at least some more light on the inner workings ...
    exhALANtBy exhalantblog
    2 weeks ago
  • Barbaric
    The Ugandan government wants to murder gay people:Uganda has announced plans to impose the death penalty on homosexuals. The bill, colloquially known as “Kill the Gays” in Uganda, was nullified five years ago on a technicality, but the government said on Thursday it plans to resurrect it within weeks. The ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Is this study legit? 5 questions to ask when reading news stories of medical research
    Hassan Vally, La Trobe University Who doesn’t want to know if drinking that second or third cup of coffee a day will improve your memory, or if sleeping too much increases your risk of a heart attack? We’re invested in staying healthy and many of us are interested in reading ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Fighting Monsters.
    Freedom Of Speech? The Säuberung (cleansing by fire) was the work of the German Student Union which, on 10 May 1933, under the watchful eye of the Nazi Reichminister for Propaganda, Joseph Goebbels, consigned 25,000 books to the flames in a ritual exorcism of “un-German thought”. According to the logic of the ...
    2 weeks ago
  • The next wave of kaupapa Māori politics: its constitutional, it must be.
      “There can be no such thing as kaupapa Māori political parties or politics in Aotearoa” (Willie Jackson, Labour Party (2017). Māori TV, General/List Election Special) I begin with that claim because at the time, I was confounded at first that it fell out of Willie Jackson’s mouth, and then ...
    EllipsisterBy Ellipsister
    2 weeks ago
  • Night lights of NZ from orbit
    New Zealand has prided itself for decades with regard to its lack of pollution, and all will be aware that the ‘100% Pure New Zealand‘ meme is under threat through land, water and air pollution of various causes. There is another type of contamination that the country also faces: light ...
    SciBlogsBy Duncan Steel
    2 weeks ago
  • Reporters deliver uplifting news to fleeing Japanese residents: they won’t miss any rugby
    New Zealand’s media is doing its part in Japan, reassuring those in the path of the storm that they won’t miss any rugby while away from their flooded homes. New Zealand sports reporters stationed in Japan for the Rugby World Cup have had the rare and heartwarming opportunity to inform ...
    The CivilianBy admin
    2 weeks ago
  • Government in contentious discussions about whether to put surplus on red or black
    Regional Development Minister Shane Jones is the only Cabinet member in favour of putting it all on green. As Finance Minister Grant Robertson finds himself with an enormous $7.5 billion surplus, the Government has begun intense, at times contentious conversations about whether to put the money on red or black at ...
    The CivilianBy admin
    2 weeks ago
  • Jordanian teachers’ successful strike has lessons for here
    by Susanne Kemp At the start of September close to 100,000 school teachers went on strike in Jordan.  They demanded a 50% pay rise.  A pay rise actually agreed to by the regime back in 2014. In early October, however, in the face of government repression and threats, the teachers’ ...
    RedlineBy Admin
    2 weeks ago
  • Why some people still think climate change isn’t real
    Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change. If you have a question you’d like an expert to answer, please send it to climate.change@stuff.co.nz Why do people still think climate change isn’t real? David ...
    SciBlogsBy Guest Author
    2 weeks ago

  • Minister of Finance and Sport and Recreation to visit Japan and Vietnam
    Finance Minister Grant Robertson departs tomorrow for events and meetings in Japan and Vietnam.  While in Japan, he will discuss economic and fiscal issues including meeting with the Minister of Finance, Taro Aso, and Minister of Economic and Fiscal Policy, Yasutoshi Nishimura. He will meet with the Minister of Education, ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • Dashboard tracks housing progress
    The Government’s Housing Dashboard released today confirms record numbers of state houses are under construction and shows the Government build programme is gaining momentum.  “After nine years of inaction, and a hands-off attitude from the previous government we’re starting to see things move in the right direction for housing,” says ...
    BeehiveBy beehive.govt.nz
    8 hours ago
  • Ministerial Statement on the International Convention Centre fire
    Mr Speaker, I wish to make a ministerial statement relating to the Auckland fire. The Government is closely monitoring the situation with the fire at the NZ International Convention Centre and is thankful that everyone is now safe. Firefighters are doing an incredible job managing the fire and bringing it ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Government invests in Te Reo, environmental data research
    The Government is investing in ambitious research that will digitise Te Reo, grow the low-carbon protein efficient aquaculture industry, help interpret environmental trends, and large data sets says Research, Science and Innovation Minister Megan Woods. The four projects range from teaching Siri to speak Te Reo to crunching large environmental ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Government announces next steps as part of a comprehensive plan to fix skills gap
    A new education-to-employment brokerage service to strengthen connections between local employers and schools. Funding for more trades focused ‘speed-dating’ events to connect schools with employers. Promotional campaign to raise profile of vocational education. The Government is taking action to increase the number of young people taking up vocational education and ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Corrections Amendment Bill passes third reading
    A Bill to improve prison security and ensure the fair, safe, and humane treatment of people in prison while upholding public safety has passed its third reading. Corrections Minister Kelvin Davis says the Corrections Amendment Bill makes a number of changes to ensure the Corrections Act 2004 is fit for ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Ngāi Tahu CEO appointed to NZ-China Council
    Minister for Māori Development, Nanaia Mahuta, has selected Arihia Bennett MNZM, Chief Executive Officer of Te Rūnanga o Ngāi Tahu, as the Te Puni Kōkiri appointed representative on the New Zealand-China Council. The New Zealand-China Council (the Council) was established in 2012 as a New Zealand led and funded organisation ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Southern Response claims move to EQC
    Responsibility for processing the small number of Southern Response claims still to be settled will be transferred to EQC by the end of the year. “As claim numbers reduce, it no longer makes sense for the Crown to have two organisations processing the remaining Canterbury claims,” Grant Robertson says. “Since ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Bowel screening starts in Whanganui
    Health Minister David Clark is encouraging Whanganui residents to take up the opportunity for free bowel screening, which can detect cancer early when it’s easier to treat.   Over the next two years 12,000 Whanganui locals, aged 60 to 74 will be invited to participate in the National Bowel Screening ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Pacific Peoples Minister to attend Our Ocean Conference in Norway
    Minister for Pacific Peoples Aupito William Sio, heads to Oslo today to represent New Zealand at the sixth Our Ocean Conference, which is being hosted by the Norwegian Government from the 23-24 October. “The Our Ocean Conference mobilises real action on issues like marine plastic pollution and the impacts of ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government announces 27 percent increase in Trades Academy places
    Two secondary-school initiatives are being expanded as part of the Government’s plan to see more young New Zealanders take up a trade to help close the skills gap.   This includes the largest single increase in Trades Academy places in recent years. Prime Minister Jacinda Ardern and Education Minister Chris ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures Conference: Connection...
    Session 4: Pacific Connectivity – Youth, Media and New Opportunities   Kia ora tatou katoa and Warm Pacific greetings to one and all. Representatives of Tainui, the local people of the land, or manawhenua – the indigenous peoples of this area – have welcomed you this morning in accordance with ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Methane reducing cattle feed one step closer
    The Government today announced its support for a project that could substantially reduce agricultural greenhouse gas emissions from cattle. The announcement was made as part of Prime Minister Jacinda Ardern’s and Agriculture Minister Damien O’Connor’s visit to Nelson’s Cawthron Aquaculture Park. The Cawthron Institute will receive $100,000 from the Government’s ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bill to refresh superannuation system passes first reading
    Social Development Minister Carmel Sepuloni has welcomed the first reading of the New Zealand Superannuation and Veteran’s Pension Legislation Amendment Bill. “Every New Zealander has a stake in New Zealand Superannuation and Veteran’s Pension,” says Carmel Sepuloni. “They are our most common form of social assistance – nearly 800,000 New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government announces next steps in fight against measles
    Babies in Auckland aged six months and over can receive a free vaccination and children will all have access to vaccines, Associate Minister of Health Julie Anne Genter announced today at Papatoetoe High School.   The move comes as part of Government efforts to step up the fight against measles. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures: Connections, Identity...
    ***Check against delivery*** Good morning. It is a pleasure to be here, and to have the honour of opening this important conference on behalf of the New Zealand Institute of International Affairs. Let us take the opportunity to acknowledge all the people who have helped make today possible, including our special ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Police trial new response to high risk events
    Police Minister Stuart Nash says the safety of frontline officers and members of the public will be the focus of a new trial of specialist Police response teams in three of our largest urban centres. Police have this morning released details of an initiative to be trialled in Counties Manukau, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New awards celebrate fisheries sustainability
    The Minister of Fisheries is calling for entries for a new public award to celebrate innovation in our seafood sector. “I have established the Seafood Sustainability Awards to recognise and celebrate those throughout industry, tangata whenua and communities who demonstrate outstanding dedication and innovation towards the sustainability of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • More progress for women and we can do more
    Minister for Women Julie Anne Genter welcomes leaders in the private sector taking action on closing their gender pay gaps to ensure a fairer workplace for all New Zealanders. Ms Genter today launched a new report, Addressing the gender pay gap and driving women’s representation in senior leadership, from the Champions for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New mental health facility for Waikato
    The Government has approved funding for a new acute mental health facility for Waikato which will provide better care and support to people with mental health and addiction issues. Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced the $100 million project to replace the aging Henry Rongomau ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • 500 new te reo Māori champions in our classrooms
    The Government is making progress on its goal to integrate te reo Māori into education by 2025, with over 500 teachers and support staff already graduating from Te Ahu o te Reo Māori,  Associate Education Minister Kelvin Davis announced today. Kelvin Davis made the announcement at an awards ceremony in Waikanae today, for ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Minister James Shaw welcomes 2018 Census first release
    Statistics Minister James Shaw has welcomed the first release of 2018 Census data. The first release of data today, 23 September, includes key data on population, regional growth, the number of homes and the size of different ethnic groups in New Zealand. Data from the 2018 Census will support the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
    Minister for Statistics James Shaw today announced a public consultation on a proposed algorithm charter for government agencies. The charter has been developed by the Government Chief Data Steward in response to growing calls for more transparency in government use of data. Computer algorithms – procedures or formulas for solving ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand and the Netherlands working together on climate change
    Agriculture Minister Damien O’Connor, Climate Change Minister James Shaw and visiting Dutch Prime Minister Mark Rutte co-hosted a business roundtable in Auckland this morning focused on working together to address climate change.  “The Netherlands is an important partner for New Zealand. We share a strong agricultural history. Sustainable agribusiness and ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Protecting fairness for workers and businesses
    The Government is taking action to build an inclusive economy where more of us receive our fair share at work and businesses can compete on great products and services, not undercutting wages and conditions, Immigration and Workplace Relations and Safety Minister Iain Lees-Galloway says. Two consultations launched today seek feedback ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Indigenous Freshwater Fish Bill Passes
    The future for New Zealand’s threatened indigenous freshwater fish looks brighter with the passing of the Conservation (Indigenous Freshwater Fish) Amendment Bill in Parliament today said Minister of Conservation, Eugenie Sage. “Until now, our freshwater fish legislation has been 20 years out of date. We have lacked effective tools to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Kiwis to take part in world’s biggest earthquake drill
    At 1.30pm tomorrow, hundreds of thousands of Kiwis will join about 65 million people around the globe in ShakeOut, the world’s biggest earthquake drill. The annual drill is to remind people of the right action to take during an earthquake which is to Drop, Cover, Hold, and to practise their ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Rising wages and low inflation supporting Kiwis
    Kiwis are benefiting from higher wage growth and low inflation under the Coalition Government. Stats NZ data out today shows the rise in the cost of living remains low, as annual Consumers Price Index (CPI) inflation fell to 1.5% in September from 1.7% in June. “The low inflation comes as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ economy strong amid global headwinds
    New Zealand’s economic strength and resilience has been recognised in a major update on the state of the global economy. The IMF’s latest World Economic Outlook released overnight shows a reduced global growth forecast over the next two years as issues like the US-China trade war and Brexit take hold. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping New Zealanders safer with better counter-terrorism laws
    Justice Minister Andrew Little has today introduced a new Bill to prevent terrorism and support the de-radicalisation of New Zealanders returning from overseas. The Terrorism Suppression (Control Orders) Bill gives the New Zealand Police the ability to apply to the High Court to impose control orders on New Zealanders who ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Improved succession and dispute resolution core of Ture Whenua changes
    A Bill that proposes targeted changes to simplify the processes for Māori land owners when engaging with the Māori Land Court has had its First Reading today. “The approach taken by the Government is to ensure that the protection of Māori land remains a priority as we seek to improve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to CTU Biennial Conference
    Let me first thank all the new unionists and members in the room. There is nothing more important to improving people’s working lives than people making the decision to care, to get on board and help, to take up the reins and get involved. Congratulations to you. You bring the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister ensures continued Whenuapai flight operations
    Minister of Defence Ron Mark has signed a certificate exempting the activity of engine testing at Whenuapai Airbase from the Resource Management Act 1991. The Act gives the Minister of Defence the power to exempt activities for the purposes of national security.  The certificate will mean the recent Environment Court ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ joins Coalition of Finance Ministers for Climate Action
    Finance Minister Grant Robertson has announced New Zealand will join the Coalition of Finance Ministers for Climate Action while attending APEC meetings in Chile. The objective of the 39 member Coalition is to share information and promote action to tackle climate change. It was formed in April this year, in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Feedback Sought – Section 71 – Lyttelton Parking
    Feedback sought– Lyttelton commercial zone parking  The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal to remove on-site car parking requirements for new developments in the Lyttelton commercial zone.  The proposal, by Christchurch City Council, asks that powers under section 71 of the Greater ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Feedback Sought – Section 71 – Hagley Oval
    Hon Minister Poto Williams Associate Minister for Greater Christchurch Regeneration   MEDIA STATEMENT       Tuesday 15 October 2019 Feedback sought – Hagley Oval The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal about Hagley Oval. The proposal was developed by Regenerate Christchurch ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • CTU speech – DPM
    Ladies and gentlemen, NZCTU President Richard Wagstaff, members of respective unions – thank you for the invitation to speak to you today. This might be preaching to the choir, but the importance of trade unions in New Zealand’s historical arch is difficult to understate. And it is my belief that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police Association Annual Conference
    "Let’s start by acknowledging that it has been a huge year. " Police Association Annual Conference James Cook Grand Chancellor Hotel Wellington Nau mai, haere mai. Tēnā koutou, tēnā koutou, ka nui te mihi, ki a koutou katoa. President of the Police Association, Chris Cahill; Members of the Association and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand announces a further P-3 deployment in support of UN sanctions
    Minister of Foreign Affairs Winston Peters and Minister of Defence Ron Mark have announced the New Zealand Government’s decision to again deploy a Royal New Zealand Air Force P-3K2 (P-3) maritime patrol aircraft to support the implementation of United Nations Security Council (UNSC) resolutions imposing sanctions against North Korea. New ...
    BeehiveBy beehive.govt.nz
    1 week ago