web analytics

International interest in Auckland property market

Written By: - Date published: 7:03 am, April 22nd, 2015 - 46 comments
Categories: housing, International - Tags: , , , ,

Seems that Auckland property is being marketed in (at least) Malaysia and Singapore in a (presumably new?) advertisement:

Bernard Hickey links to Audio from a Singapore radio station:

Lanthanide in comments transcribed part of that audio [slightly edited here]:

“How would you like people in New Zealand, to give you around half their weekly wages? Now if you happen to own an apartment in Auckland New Zealand, the high rent returns, other people’s money – around half a week’s pay for most people, could be paid to you as rent every week.

Now many people invest in Auckland because of the high demand for rents, there’s no stamp duty, no land tax, and within New Zealand, generally no capital gains tax either. It’s an investors dream, and very affordable.

New apartments in the centre of Auckland can be purchased for as little as $390,000, that’s right, $390,000, and with as little as $2,000 initial deposit, you can secure one today, for yourself as an investment.

If the idea of having people in New Zealand going to work for you, giving you hundreds of dollars a week, paying for your apartment appeals to you – and I’m sure it does – then call 6238 0118 to find out how it’s done. That number again, 6238 0118 call now.”

Kiwis are pretty much being portrayed as international suckers there, and the way we are refusing to address our property crisis it is hard to disagree.

So, expect more fuel to the Auckland property price flames. But don’t worry citizens, because according to our PM:

key-on-housing

46 comments on “International interest in Auckland property market ”

  1. Coffee Connoissuer 1

    Yes by Auckland property owners. I wonder John are you perhaps suffering from a conflict of interest on the matter?

  2. Sanctuary 2

    Who is the traitor doing the voice over? Some Quislings come so cheap.

    • Eralc 2.1

      I’ve heard the same guy doing voice-over for investment property ads in Auckland.

  3. dave 3

    Let’s sell them all the leaky homes
    But seriously young new zealanders are being farmed struggling nz tax payers are being farmed through the the rental suppliment but on bright side all is well up on planet key
    The answer is a capital gains tax a ban on none resident buyer,one house per person only and higher interest rates and and loans to 3 time your income only and a 20 percent deposit plus something like labour kiwi build programs and real investment on apprenticeships mop up the young unemployed

    • aerobubble 3.1

      Higher rents drive out skilled staff and make Auckland less productive.
      Worse.
      A risk premium is created by the lack of a capital gains tax, as investors have more money to capitalize.
      Worse.
      Bubbles are appearing globally, due tolots of money looking for a return, and a under performing region under taxed is becoming over inflated by global money.
      Worse.
      The lack of cgt means we all put more of our growth into property, without actually building anything, its means we take investment away from the productive sector.

      So the next time National suggest they understand economics, the economy, or anything fiscal, sneer, days they are dumbnuts

      • aerobubble 3.1.1

        Look a bit of history. We have a senate chamber much like that of ancient Rome. And the poor saps senators write lots of laws they are incapable of understanding all of what they pass. And anyway who was to notice them not taxing cgt, like they had Dunne be revenue minister in both lab and con govts. Essentially they rigged the tax system so upper middle nz could get rich being property developers and so pay more to the building supply companies, who got greedy and start building crap homes. Its called corruption for a reason. And its a consequence of too few MPs.
        Govts could either build a nation up, goto mars etc, or they can misdirect the wealth to elites with cries of victim hood about excessive taxation, over regulation and trust them the money will trick down.

        Thatcherism was always a big corrupt con on the population. Covered at a time when middle east oil would necessarily make low growth impossible. The great lie, was that toryism created a wonderful economic miracle, when it fact its a parasite that has been sucking the cream off the top for the few. The few did not sudden appear, it took thirty years of effort.

    • Tracey 3.2

      we already are. A number of homes are being sold by agents to chinese and other ESL clients that most kiwis would be suspicious of, and getting full market price.

      Also, Peter Barfoot and his agents are trumpeting the importance of getting to overseas markets if you want the best price in Auckland. Their latest letter trumpets 500 Chinese agents with connections out of NZ.

      Peter Thompson, owner of Barfoot and Thompson is a nat supporter and helps them deflect cos the last thing he wants is for house prices in Auckland to drop…

      “Barfoot & Thompson, the largest agent in the nation’s largest city, is going gangbusters, selling a record 420 homes for more than $1.01 million in March.

      Barfoot & Thompson, the largest agent in the nation’s largest city, is going gangbusters, selling a record 420 homes for more than $1.01 million in March.

      Just under a fifth of Auckland properties (300 in total) sold by the agent went for under NZ$500,000

      “There is every reason to anticipate prices will continue to rise,” he said, but refused to be drawn on how much higher.”
      http://www.stuff.co.nz/business/money/67644089/new-zealand-property-prices-are-worse-than-in-aussie

      The press constantly highlight the latest incredible price rise for a vendor in Auckland…

      • The Gormless Fool formerly known as Oleolebiscuitbarrell 3.2.1

        A number of homes are being sold by agents to chinese and other ESL clients that most kiwis would be suspicious of…

        Why would they be suspicious of them? Is Johnny-foreigner inherently suspicious?

        • Tracey 3.2.1.1

          Reading is a skill.

          They are homes kiwis would be suspicious of because kiwis have heard about the leaky home debacle and would recognise some signs, seek a lawyer’s advice and so on. Chinese and other ESL buyers recently arrived have no such historical knowledge and agents won’t offer up the information. So it’s actually the opposite of what you are suggesting.

          • Visubversa 3.2.1.1.1

            Somebody paid $1.17million for the house up the road from me which was divided into two flats without benefit of consent. If run as 2 flats the insurance would be void and when Council catches up with them it will cost them a fortune to put in the required fire protection etc. I don’t know who might be that stupid.

          • Murray Rawshark 3.2.1.1.2

            I actually thought you meant homes were being sold to the Russian Mafia or something like that. A slight re-ordering removes the ambiguity:

            A number of homes that most kiwis would be suspicious of are being sold by agents to chinese and other ESL clients …

  4. les 4

    suckers is definately the right word,but fear not our illustrious P.M is aware of the dangers of us ‘becoming tenants in our own country’.

  5. saveNZ 5

    It is clear the main problem to the massive demand for property in particular Auckland is foreign investment and the easiest solution is to safeguard people coming and investing in NZ having never paid any tax or may not even be a resident or citizen from doing so.

    A foreign person has a massive advantage with generally higher wages and potentially access to much lower interest rates.

    A capital gains tax or stamp duty will not stop this unbridled investment, the only way to stop that demand is to limit access to our property to off shore investors who are not resident here or not citizens. Australia and China have limits to protect their residents, why not NZ?

    Ideas to dampen immigration demand could be..
    Property or land investment is not available as a criteria to gain residency status.
    You have to be a NZ resident to not pay a capital gains tax for 90% of the time you own the asset.
    You much make $50k per year profit and employ 2 NZ citizens or more to enter NZ under the business criteria and gain citizenship. (Oz has something similar).
    You can not own NZ property if you are not a NZ resident for 50% of the time.
    More training and resources put into immigration department.

    The idea should be NZ protects our housing from people who are not even paying taxes or living here but are starting to buy up our country.

    This needs to be done immediately and surely the other parties can put together a private members bill to do this.

    So far solutions seem to be focusing more on ‘punishing and blaming’ the resident Kiwi who owns the property, however the world is a large place, even with higher property taxes this does not stop Kiwis from becoming tenants in our own country with our landlords not even resident or paying taxes in NZ.

    Simply put, foreigners can out buy Resident Kiwis and no tax can stop that.

    • Linda 5.1

      Overseas people can access funds at zero there is no level playing field anylonger
      Sadly no change can come under national and john key does not work for us the only hope for any change is a collapse

    • Linda 5.2

      They should say how would you like your own slave .tax free enslavement of a population in the golden age of the god key
      Of course if new zealand dollar dropped these slave masters would be on the hook

    • dukeofurl 5.3

      Part of the reason for the high kiwi dollar is the inflow of funds to buy houses and flats.

    • Brendon Harre 5.4

      All good ideas SaveNZ and there are many other regulatory reforms that would improve the housing market. But the very first thing is to find some politicians who have the cojones to confront the landlord/house owning constituents and put in a series of reforms that is fair for all. Historically only Labour has ever done this.

      http://mp.natlib.govt.nz/detail/?f=subarea%24Drawings+and+Prints+Collection%7Cgenreid%24359990&id=10809&recordNum=0&u=0&t=items&s=a&tc=0&q=&p=0&numResults=20&l=en

      • Murray Rawshark 5.4.1

        “Historically only Labour has ever done this.”

        And the Labour we have now is not the Labour we had historically. The Labour we see today has MPs who own several properties and will not act against their own interests.

    • greywarshark 5.5

      savenz
      That sounds a reasonable and probably practical number of hurdles.. Those who jump that high will be likely to be people who add value to the country which stays here in our hands.

  6. vto 6

    4 million suckers here in these lands competing with 4 billion people elsewhere.

    brainless
    wealthless
    hopeless
    homeless

    • saveNZ 6.1

      @VTO

      4 million suckers in NZ are not suckers, they are or are trying to, get a roof they own over their heads (generally having a job and paying taxes here). There is nothing wrong with that. The goal used to be in NZ to own your own house, not let foreign owners or other’s own your house.

    • Bearded Git 6.2

      7 billion others

    • greywarshark 6.3

      vto
      Just call us lesswhere – or leaseware perhaps? You can have your countrys NZs, provided you pay we funky foreigners and kanny kiwi wealth providers the fee we are charging today for living

  7. esoteric pineapples 7

    One has to admit, the advert is pretty much 100 percent right in its description of the New Zealand housing market. It certainly couldn’t be accused of selling a lie.

  8. vto 8

    when will people realise there is in fact no advantage to high house prices.

    there is no advantage to high capital values of any sort

    there is one sole exception – money lenders..

  9. DH 9

    One of the the worst parts of this, IMO, is that we as a nation have been conned. We’ve been lied to, quite deliberately too.

    In economic terms housing inflation is no different to any other inflation. It’s a lowering of the value of money. We’ve been constantly told that inflation is low and that, as a result, we should save. Well inflation isn’t low, they lie to us quite outrageously.

    It’s a fact that savers have been severely penalised with this housing inflation while borrowers have profited, and it’s the government’s doing. In real money terms the saver has seen their savings cut in half in less than a decade. To add insult to injury the saver has to pay tax on their dividends while the borrower pays naff-all.

    If you’re a renter consider this. Rent makes up 9.22% of the consumer price index. That’s right, nine percent. What that means is if rents go up ten percent across the country the CPI goes up by only 0.922%. And the govt will still crow about low inflation. For the renter who’s paying 50% of their income in rent their own CPI would go up 5% just from rents alone but the govt doesn’t care about them.

    • RedLogix 9.1

      Yeah – remember how the possibility of a little wage price inflation in the 70’s was trumpeted as some kind of communist inspired economic Armageddon?

      But faced with an asset price inflation an order of magnitude greater – and no-one says boo. You could not be faced with clearer evidence of a collective belief that it’s good for the rich to get richer and that the poor must stay poor. I don’t think the blame for this lies with National; they merely represent the values of at least 50% of the people living in this country. (I hesitate to call them New Zealanders – frankly they shame me.)

      And if you’re worth a few tens of millions like Key – I guess ‘overpriced’ is just a matter of perspective.

  10. Lanthanide 10

    The ad itself I think is a bit weird. It’s got this conversational tone to it, but it’s also quite ungrammatical at the same time. I think it’s possible to have a conversational advert without being ungrammatical.

  11. Bearded Git 11

    mmmmm Stamp Duty…..Land Tax……I hope Mr. Little is listening.

    Both are taxes that are relatively easy to administer, say on houses worth more than $750k.

    • greywarshark 11.1

      Yeah no probs even with CGT if there is a limit of capital value on all housing, including the sacred family home. (With the rider that there will be an automatic annual rise in the cap of the CPI or 5%, whichever is the highest. That would ensure that the house value down’t get out of whack over the years.)

  12. saveNZ 12

    Christine Rose made some interesting points recently

    1 Housing availability through land supply doesn’t necessarily lead to housing affordability.

    2 The study found the main reason owners of vacant, residentially zoned sites weren’t developing their land, was because the benefits of holding on for later speculative profits outweighed financial and building risks and development costs.

    3 TV programmes like ‘The Block’, and ‘Our First Home’ celebrate quick and dirty property speculation and the resulting capital gains, trading houses like they’re disposable commodities

    4 The Reserve Bank refers to the ‘tax preferred status of housing, especially investor-related housing”, driving speculation, and prices up.

    Auckland is such a hot spot due to rampant foreign or recently resident immigrants which seems to be the elephant in the room.

    You can put up taxes all you want it is still a good deal for those investors and in some cases acts as a money laundering exercise. i.e.

    1/ Raise interest rates – often does not affect immigrants as they have cash saving and access to lower interest loans.

    2/ crash the market. – Makes it cheaper for immigrants to buy up here see above.

    3/ Introduce CGT, again if immigrants or foreign residents are buying for long term then a capital gains tax will not affect them if they don’t sell, or if it is their family home again no CGT.

    4/Stamp duty – will affect them, but again property here will still often represent a good deal.

    5/Make them buy new houses or develop apartments – again there needs to be greater use of urban design standards in NZ, more safeguards with RMA (not less), many of the shonky developments with unusual aesthetics (think Nelson ST, CBD) still devaluing the area and driving people out of the centre. Often the developments can become ponzi schemes in their own countries so that developments collapse and NZ is left with a big undeveloped hole or substandard standards, that the ratepayers have to clean up when it leaks and the company that built it along with it’s shareholders disapears. (obviously a local developer problem too but at least you can find them).

    6/WOF rentals – yep good idea, but do local investors have the 20k per house to invest to upgrade (90% of kiwi houses failed a test run) or will they just sell cheap to the migrants coming in with cash to burn? When the Salvation Army says they can’t afford to be a landlord then who can, on local wages?

    My fear is that many of the schemes being discussed as solutions to the property boom are going to benefit immigrants more than locals. In a Crosby Textor scenario where the solution becomes more of a problem for residents and a chance to buy cheaper for non residents means more Kiwis end up being tenants not owners.

    In the Uk the squatting laws were actually designed of this as much of the property around London was left empty owned by a small group of people. That is the risk in NZ.

    I personally would like to see the Greens re think their property policy and discourse away from just a CGT into a holistic solution that makes home ownership in NZ a reality and safeguards housing for residents in this country.

    I would also like to see Labour have a similar policy.

    • Brendon Harre 12.1

      SaveNZ I think converting LG rates from capital value to land value is better than either stamp duty or capital gains taxes. There is no escaping it, it gives a steady return to local or central government.

      It gently encourages more productive use of land which will favour active local owners rather than absentee owners, which surely is a problem of foreign ownership. It does this by charging neighbouring sections, of the same size, the same amount of tax regardless of what else (capital) is on the land.

      So if one section is left in a munted condition in say Christchurch because the owner is targeting capital gain while the neighbour at some expense builds some hopefully desirable type of high density housing because they are targeting rental return or profits from the sale of this new housing they both pay the same land value tax.

      In other words their is no penalty for being productive.

      I also agree their also needs to be limits on foreign purchase of property, because this problem is just getting too big.

      • saveNZ 12.1.1

        @Brendon
        I take you point but I think that the land tax idea will not work. That is because the reason people are not building is that it is too expensive, risky and time consuming in this country. More people would want a building on land so they can get income from it from rents. The problem is the cost of building (and connection to infrastructure) is just so expensive.

        To give an example say you had a piece of land and wanted to put a minor dwelling on it, to rent out, for ageing parents, children or what have you. At present to just connect to water mains would cost approx $12,000 as a one off fee, if you were in the country a septic tank would cost upwards of $13,000. These prices do not even reflect the cost of connection which would be upwards of $2000 usually. You would pay a council contribution of $7500 for a 2nd dwelling. Then the dwelling, building, electrical, engineering, driveway, council and resource consent fees, it is not worth doing as the expected rent might be $300 a week. The figures do not work (unless you are looking to sell). That is why people get the consents but often do not build.

        It is the building costs in this country that are out of control.

        Also we are an agricultural and forestry and farming nation. So if we start putting on more land taxes then people can’t afford to service the rates bill and have to sell up.

        Again if an offshore investor comes in, they can buy the property and service the rates etc from higher wages overseas.

        What about people with natural resources on their land? They will not be able to afford to keep them? Lakes, rivers, wetlands, bush all costing money with land taxes.

        A land tax is not the answer, it will destroy industry and environment in this county and make housing less affordable.

        Politicians need to look at ways to bring living costs down, not more taxes to make people poorer!

        I think that immigration controls on property, combined with strategies to bring down the cost of building a house, and increasing wages in this country is the answer.

        People living here can’t afford the basics, food, water, power and housing and this is due to the low wages, and neoliberal economics. More taxes on property is not going to help anyone afford a property.

      • saveNZ 12.1.2

        @Brendon

        To give you an example my mother who is 65 owns her own house but is on a benefit. She can barely afford rates let alone a land tax. Many home owners are also on limited incomes.

        To increase home ownership costs will put many kiwis into hardship and decrease home ownership by people on low and middle incomes.

        Property is not such a big problem outside of Auckland, so the answer is what is going on in Auckland (i.e. immigration) and how to change that.

        Why should residents of Auckland and the rest of NZ have to pay for immigration in Auckland, which is fuelled by the Nat government stand to make property investment a resident criteria for foreign investment!!

        It really isn’t that hard a problem to solve!

        • Brendon Harre 12.1.2.1

          SaveNZ if we implemented land value taxes it would replace rates which is a land + capital values tax. So in total the same amount of taxes would be collected. So changing to LVT would help some people and penalise others. I would argue it helps the productive.

          You need to think carefully about it. Take two identical farms -one has a hard working farmer and the other a lazy one. The hard working farmer puts a lot of time and effort to upgrade the farm -so it has higher capital value. Under land value taxes he would pay the same amount of tax as the lazy farmer. Wheras under the current land + capital rating system the productive farmer reinvesting back into his farm is penalised with higher a higher rates bill.

          A similiar argument can be developing urban areas.

    • Murray Rawshark 12.2

      The first thing to be done is to ban sales to non-residents. I’d go so far as banning ownership as well, with a state buyback scheme at the price they paid plus 1% for goodwill. Then we need to put a limit of two on the number of properties anyone can own. Then we need to build a shitload of state houses. Tinkering will not fix anything and the whole pyramid scheme is going to crash anyway, so let’s get some control first.

  13. saveNZ 13

    Instead of property I would like to see new immigrants invest in other business ventures like the tech industry, super yacht/ boat building, climate change initiatives, or the like. And also using local labour and paying taxes locally.

    I am pro immigration in NZ – just not for buying up our food and housing supply as an off shore investment.

  14. greywarshark 14

    Thanks for the post Anthony. I saw the advertisement displayed on the TV3 site. It gave me a jot and luckily TS is considering the matter. And what intelligent ideas are arising!

    Perhaps they could be sprinkled over Nick Smith’s head like fairy dust turning him from a toad to a clever prince of practical policy. Hearing his fast, confident delivery of NACT policy this morning coming so smoothly seemed like propaganda that his brain absorbs at night while he sleeps.

  15. Sabine 15

    Well here is Mr. Gareth Morgan self confessed Tax evader would like to see more taxes levied that he could then evade thanks to loopholes and good accountants.

    it these are the people that are framing our discourse, 95% of this countries population is going to be homeless living under of Nationals ghost bridges.

    http://garethsworld.com/blog/tax-and-welfare/how-to-cope-with-political-impotency-on-the-housing-problem/

    • saveNZ 15.1

      But Sabine, you can move to Northland 10 new bridges to live under!
      What are you complaining about:)

  16. saveNZ 16

    New Zealand migration hit a new annual record in March, as more students arrived from India and China and fewer locals left for Australia.

    The country had a net gain of 56,275 migrants in the year through March, 75 per cent higher than the 31,914 gain in the year earlier period, Statistics New Zealand said. Migrant arrivals were 16 per cent ahead of the year earlier period, while departures declined 13 per cent, the agency said.

    New Zealand annual migration has broken records for an eighth consecutive month as the nation’s economic prospects appear brighter than in many other countries. That’s helping stoke economic activity, pushing up demand for housing and cars while also reducing pressure on wage inflation by boosting the supply of labour.

    Sum up of affects.

    Ie migrations seems to be pushing up demand for housing and cars.

    Reducing wages for locals.

    This doesn’t even include the off shore investors in the mix who are investing in property here without migrating here.

    So lets not punish the locals anymore and do what most other countries do, have controls on housing as an investment for foreign investments and migrants.

Recent Comments

Recent Posts

  • Next steps for Christchurch Hospital campus redevelopment
    Canterbury DHB will be better placed to respond to future demand for services and continue to deliver high quality care, with the next stage of the campus redevelopment programme confirmed, Health Minister Andrew Little says. The Government has approved $154 million in funding for the construction of a third tower ...
    BeehiveBy beehive.govt.nz
    10 hours ago
  • Five Power Defence Arrangements Defence Ministers’ Joint Statement
    The Defence Ministers from Australia, Malaysia, New Zealand, Singapore and United Kingdom reaffirmed their nations’ continued commitment to the Five Power Defence Arrangements (FPDA), and commended the achievements over the past 49 years as the FPDA moves towards its 50th Anniversary in 2021.  The Ministers recognised the FPDA’s significant role ...
    BeehiveBy beehive.govt.nz
    11 hours ago
  • New Year border exception for seasonal workers in the horticulture and wine industries
    2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week while in isolation From January ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Government increases support for New Zealanders to work in seasonal jobs
    The Government is offering further financial support for unemployed New Zealanders to take on seasonal work. These new incentives include: Up to $200 per week for accommodation costs $1000 incentive payment for workers who complete jobs of six weeks or longer increasing wet weather payments when people can’t work to ...
    BeehiveBy beehive.govt.nz
    23 hours ago
  • Government receives Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mos...
    Minister for Internal Affairs Jan Tinetti has today received the Royal Commission of Inquiry report into the Terrorist Attack on Christchurch Mosques, and will table it in Parliament on Tuesday December 8. “I know this will have been a challenging process for whānau, survivors and witnesses of the terrorist attack ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • New Zealand Government to declare a climate emergency
    The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today.                                       “We are in the midst of a climate crisis that will impact on nearly every ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Call for urgent action on Pacific conservation
    A declaration on the urgency of the global biodiversity crisis and the need for immediate, transformative action in the Pacific was agreed at a pan-Pacific conference today. The 10th Pacific Islands Conference on Nature Conservation and Protected Areas is taking place this week across the Pacific.  Minister of Conservation Kiritapu ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech from the throne
    E aku hoa i te ara o te whai, Kia kotahi tā tātou takahi i te kō, ko tōku whiwhi kei tō koutou tautoko mai. Ko tāku ki a koutou, hei whakapiki manawa mōku. He horomata rangatira te mahi, e rite ai te whiwhinga a te ringatuku, me te ringakape ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Keynote address to Chartered Accountants Australia and New Zealand conference
    Speech to the CAANZ conference - November 19, 2020 Thank you, Greg, (Greg Haddon, MC) for the welcome. I’d like to acknowledge John Cuthbertson from CAANZ, the Commissioner of Inland Revenue Naomi Ferguson, former fellow MP and former Minister of Revenue, Peter Dunne, other guest speakers and CAANZ members. I ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Expert independent advisory group appointed to strengthen the future of Māori broadcasting
    A panel of seven experts are adding their support to help shape the future of Māori broadcasting, Minister for Māori Development Willie Jackson has announced today. “Today I will meet with some of the most experienced Māori broadcasters, commentators and practitioners in the field. They have practical insights on the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to review housing settings
    New Zealand’s stronger-than-expected economic performance has flowed through to housing demand, so the Government will review housing settings to improve access to the market, the Finance Minister Grant Robertson announced today. “Our focus is on improving access to the housing market for first home buyers and ensuring house price growth ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Crown accounts reflect Govt’s careful economic management
    The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance before gains and losses, or OBEGAL, was in deficit. However that ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Community launch marks next step in addressing racism in education
    The launch of Te Hurihanganui in Porirua today is another important milestone in the work needed to address racism in the education system and improve outcomes for Māori learners and their whānau, Associate Education Minister Kelvin Davis says. Budget 2019 included $42 million over three years to put Te Hurihanganui ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government to consider recommendations on DNA use in criminal investigations
    The Minister of Justice has received the Law Commission’s recommending changes to the law governing the way DNA is used in criminal investigations. The report, called The Use of DNA in Criminal Investigations – Te Whahamahi I te Ira Tangata I ngā Mātai Taihara, recommends new legislation to address how ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to Wakatū Nelson regional hui on trade
    First, I want to express my thanks to Te Taumata for this hui and for all the fantastic work you are doing for Māori in the trade space. In the short time that you’ve been operating you’ve already contributed an enormous amount to the conversation, and developed impressive networks.  I ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Speech to Primary Industries Summit
    Thank you for the opportunity to speak to you today about the significant contribution the food and fibres sector makes to New Zealand and how this Government is supporting that effort. I’d like to start by acknowledging our co-Chairs, Terry Copeland and Mavis Mullins, my colleague, Agriculture Minister Damien O’Connor, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Fast track referrals will speed up recovery and boost jobs and home building
    The Government is taking action to increase jobs, speed up the economic recovery and build houses by putting three more projects through its fast track approval process. “It’s great to see that the fast-track consenting process is working. Today we have referred a mix of potential projects that, if approved, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Papakāinga provides critically needed homes in Hastings
    A papakāinga opened today by the Minister for Māori Development the Hon Willie Jackson will provide whānau with much needed affordable rental homes in Hastings. The four home papakāinga in Waiōhiki is the first project to be completed under the ‘Hastings Place Based’ initiative. This initiative is a Government, Hastings ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand ready to host APEC virtually
    Prime Minister Jacinda Ardern took over the leadership of APEC earlier today, when she joined leaders from the 21 APEC economies virtually for the forum’s final 2020 meeting. “We look forward to hosting a fully virtual APEC 2021 next year. While this isn’t an in-person meeting, it will be one ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Revival of Māori Horticulturists
    The rapid revival of Māori horticulture was unmistakeable at this year’s Ahuwhenua Trophy Awards, with 2020 marking the first time this iconic Māori farming event was dedicated to horticulture enterprises. Congratulating finalists at the Awards, Māori Development Minister Willie Jackson said growing large-scale māra kai is part of Māori DNA. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Emergency benefit to help temporary visa holders
    From 1 December, people on temporary work, student or visitor visas who can’t return home and or support themselves may get an Emergency Benefit from the Ministry of Social Development, Social Development and Employment Minister Carmel Sepuloni announced today. Previously, temporary visa holders in hardship because of COVID-19 have had ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • School sustainability projects to help boost regional economies
    Forty one schools from the Far North to Southland will receive funding for projects that will reduce schools’ emissions and save them money, Education Minister Chris Hipkins announced today. This is the second round of the Sustainability Contestable Fund, and work will begin immediately. The first round announced in April ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Farmer-led projects to improve water health in Canterbury and Otago
    More than $6 million will be spent on helping farmers improve the health of rivers, wetlands, and habitat biodiversity in Canterbury and Otago, as well as improving long-term land management practices, says Agriculture Minister Damien O’Connor. Four farmer-led catchment group Jobs for Nature projects have between allocated between $176,000 and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tupu Aotearoa continues expansion to Pacific communities in Nelson, Marlborough, Tasman & Northl...
    Pacific communities in Nelson, Marlborough, Tasman and Northland will benefit from the expansion of the Tupu Aotearoa programme announced today by the Minister for Pacific Peoples, Aupito William Sio. The programme provides sustainable employment and education pathways and will be delivered in partnership with three providers in Northland and two ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New primary school and classrooms for 1,200 students in South Island
    Education Minister Chris Hipkins unveiled major school building projects across the South Island during a visit to Waimea College in Nelson today. It’s part of the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “Investments like this gives the construction industry certainty ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Māori Development pays tribute to Rudy Taylor
      Today the Minister of Māori Development, alongside other Government Ministers and MP’s said their final farewells to Nga Puhi Leader Rudy Taylor.  “Rudy dedicated his life to the betterment of Māori, and his strong approach was always from the ground up, grassroots, sincere and unfaltering”  “Over the past few ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister to attend APEC Leaders’ Summit
    Prime Minister Jacinda Ardern will attend the annual APEC Economic Leaders’ Meeting and associated events virtually today and tomorrow. “In a world where we cannot travel due to COVID-19, continuing close collaboration with our regional partners is key to accelerating New Zealand’s economic recovery,” Jacinda Ardern said. “There is wide ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to Infrastructure NZ Symposium
    Tena Koutou, Tena Koutou and thank you for inviting me to speak to you today. This is a critical time for New Zealand as we respond to the damage wreaked by the global COVID-19 pandemic. It is vital that investment in our economic recovery is well thought through, and makes ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Pike River 10 Year Anniversary Commemorative Service
    Tēnei te mihi ki a tātau katoa e huihui nei i tēnei rā Ki a koutou ngā whānau o te hunga kua riro i kōnei – he mihi aroha ki a koutou Ki te hapori whānui – tēnā koutou Ki ngā tāngata whenua – tēnā koutou Ki ngā mate, e ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Huge investment in new and upgraded classrooms to boost construction jobs
    Around 7,500 students are set to benefit from the Government’s latest investment of $164 million to build new classrooms and upgrade schools around the country. “The election delivered a clear mandate to accelerate our economic recovery and build back better. That’s why we are prioritising construction projects in schools so more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Keeping Pike River Mine promises 10 years on
    Ten years after the Pike River Mine tragedy in which 29 men lost their lives while at work, a commemorative service at Parliament has honoured them and their legacy of ensuring all New Zealand workplaces are safe. Prime Minister Jacinda Ardern attended the event, along with representatives of the Pike ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Additional testing to strengthen border and increase safety of workers
    New testing measures are being put in place to increase the safety of border workers and further strengthen New Zealand’s barriers against COVID-19, COVID-19 Response Minister Chris Hipkins said today. “These strengthened rules – to apply to all international airports and ports – build on the mandatory testing orders we’ve ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More public housing delivered in Auckland
    The Government’s investment in public housing is delivering more warm, dry homes with today’s official opening of 82 new apartments in New Lynn by the Housing Minister Megan Woods. The Thom Street development replaces 16 houses built in the 1940s, with brand new fit-for-purpose public housing that is in high ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Agreement advanced to purchase up to 5 million COVID-19 vaccines
    The Government has confirmed an in-principle agreement to purchase up to 5 million COVID-19 vaccines – enough for 5 million people – from Janssen Pharmaceutica, subject to the vaccine successfully completing clinical trials and passing regulatory approvals in New Zealand, says Research, Science and Innovation Minister Megan Woods. “This agreement ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jobs for Nature funding will leave a conservation legacy for Waikanae awa
    Ninety-two jobs will be created to help environmental restoration in the Waikanae River catchment through $8.5 million of Jobs for Nature funding, Conservation Minister Kiritapu Allan announced today. “The new funding will give a four-year boost to the restoration of the Waikanae awa, and is specifically focussed on restoration through ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Dunedin Hospital project progresses to next stage
    As the new Dunedin Hospital project progresses, the Government is changing the oversight group to provide more technical input, ensure continued local representation, and to make sure lessons learnt from Dunedin benefit other health infrastructure projects around the country. Concept design approval and the release of a tender for early ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Jump in apprentice and trainee numbers
    The number of New Zealanders taking up apprenticeships has increased nearly 50 percent, and the number of female apprentices has more than doubled. This comes as a Government campaign to raise the profile of vocational education and training (VET) begins. Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • ReBuilding Nations Symposium 2020 (Infrastructure NZ Conference opening session)
    Tena koutou katoa and thank you for the opportunity to be with you today. Can I acknowledge Ngarimu Blair, Ngati Whatua, and Mayor Phil Goff for the welcome. Before I start with my substantive comments, I do want to acknowledge the hard work it has taken by everyone to ensure ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand's biosecurity champions honoured
    Biosecurity Minister Damien O’Connor has paid tribute to the winners of the 2020 New Zealand Biosecurity Awards. “These are the people and organisations who go above and beyond to protect Aotearoa from pests and disease to ensure our unique way of life is sustained for future generations,” Damien O’Connor says. ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Tourism Industry Aotearoa Conference
    speech to Tourism Industry Aotearoa annual summit Te Papa,  Wellington Introduction Nau mai, haere mai Tēnā koutou, tēnā koutou, Ka nui te mihi, ki a koutou. Thank you Tourism Industry Aotearoa for hosting today’s Summit. In particular, my acknowledgements to TIA Chair Gráinne Troute and Chief Executive Chris Roberts. You ...
    BeehiveBy beehive.govt.nz
    2 weeks ago