He did apologise for it! It was in the pub in Gwondelton and somebody else said that it sounded like an apology. It must have been 2006 or so and I remember I was going to write about in the School Notices but I never did. I have it clear in my head because I can remember it so vividly. Phil Ure must have heard it too, no doubt. 101 Fairy Meadow. I’m not making this up. Are you going to call me a liar? Apologise forthwith!
It's her maternal great-uncle who really causes me to question every recipe that woman utters. Short-changed a customer in his fruitmongery one October, you know. Shocking.
If only more people lived in the past as is right and proper we would not have any problems these days. Bring back the empire!
What an absolutely spiffing idea! And now that they are rid of those pesky Europeans – Britannia can rule the waves. And Britons Never! Never! Never! Shall be slaves!
Although the sung abhorrance of being slaves should in no way indicate that any Briton knew during the height of the transatlantic slave trade (when the song was written) that slavery was a bad thing. It was sadly the style of the time and we can only judge them by their own standards. /sarc
It will be interesting to see if Trump can get any lawyers to represent him, after his treatment of Guilini, and if any reputable firm would take him on with the probable ensuing reputational damage,
The article will be part of a concerted campaign to get National back into power. Remember them-the party who caused the housing and poverty crisis in the first place?
Nice to see Stuff place his association with National under the piece. Granny never bothers explaining Tawdrey Young's associations with national, no surprises there.
Being too generous to property investors is just hiking up housing prices. First home buyers are finding it difficult to get on the property ladder. People are requiring mental health services because of homelessness and hospital care because of unhealthy homes. The government need to build homes instead of having to find the money to fix the problems which homelessness and poor housing cause. A lot of money needs to be printed or redirected into affordable housing.
Ardern has ideas, her planning and the implementation of the idea needs to be put into action when the idea is a good solution to the problem.
The rumour was, as a young fella in the army, that stop cock was put in the food served at the mess. Ya know, to stop unwanted distractions…Potassium Bromide, my unreliable memory tells me.
I'm looking forward to pretty concrete plans coming out of the Labour caucus in Nelson today. The new public housing areas are going to be a good start. But let's see more.
Do you think, perhaps, that if Labour were to hold their Caucus somewhere around Baird's Road in South Auckland or maybe Poet's Corner in Hamilton they'd have a better idea of how urgent the housing issues are? Instead of Nelson…head up North…getting up early in the morning to catch the homeless as they vacate the park benches and bus shelters before the 'real' people begin their day.
They could have the best of both worlds…poncy hotel in downtown Tauranga with a side trip of reality as the indigent are rooted from their waterfront digs as the sun comes up.
They are clear about where the needs are, and announced the development areas today.
They are: Napier-Hastings, Hamilton, Wanganui, Whangarei, and a few more. These are specific developments delivering several thousand dwellings in total
Yeah. Right. Had a read of that at sparrow's this morning having been driven of Natrad by them broadcasting (for reasons that escape me) the bleeding US Big Boss Installation.
Here are The Plans. Look glossily awesome. I am excited.
If there are many thousands more homeless now where were they a few years ago? Were they excluded from the statistics under some disqualifying pretext, which would be my guess. But where were they living, there seems to be a disconnect ( hate that word ) as surely 5000houses or so have not burnt down? Even if low housing mortgage rates, which we have been dreaming of having for years are responsible for more ownership surely new owners must have left somewhere?
A total of 196,506 homes were left unoccupied across the country at the 2018 census, according to Stats NZ. The figure includes homes with no current occupants, unoccupied properties being renovated, baches, and holiday homes.
In the Spanish region of Catalonia, whose capital is Barcelona, municipalities have been permitted to take over vacant properties since 2016. For this, the apartments have to be empty for more than two years. The cities can then start to rent them as public units at affordable prices for a period of ten years at most.Jul 22, 2020
Barcelona will take over empty apartments as affordable …
"So there is no shortage of tools the Government could use to start bulldozing down the mortgage debt mountain and bringing the housing market it supports back to affordable levels.
It’s a question of whether the Government has the political will to do so and the guts to see it through"
Are you denying the fact that fixed rate is the choice of around 80% of mortgages in NZ, with a 2 year fixed term the most common?…he hasnt cherry picked anything.nor is there any scaremongering merely simple arithmetic.
As to whether interest rates increase in the next few years there are several economists suggesting exactly that, so his possit is not out of left field.
"The positives of high prices in houses is more houses are being built"…..pardon?, are you serious…even if they were (which they have not been) the problem is the price and the subsequent level of debt (and servicing) require in gthe long run to purchase them….as earlier posts have shown (200.000 empty houses) there is no shortage of housing but a shortage of "affordable housing".
Are you advising the government?…it may explain a few things.
Are you advising the government?…it may explain a few things.
Dunno about that but I do know that Tricledrown never replies to replies to their comments, never reads Moderation notes, and basically does not engage in debate here in any meaningful way. In other words, they are a spray-and-walk-away troll. They don’t even realise it when they are banned and happily keep submitting comments being blissfully unaware and oblivious to the fact that their comments are not appearing in the front-end 🙁
Not arguing about ‘trickledrown’ who does seem a law unto him/herself, but sometimes I don't reply either. It's not deliberate but we all have other things to do and I don't always get back to TS until the next day or so by which time its usually too late. I'm sure that would apply to many people who comment here.
A person buys an investment property in the last 12 months and the rent goes up to pay the bank.
Is this a good investment?
Who is buying an investment property now?
I doubt it would be first time property investors.
The government need to introduce a new special needs grant SNG as the accommodation supplement AS and temporary additional support TAS payment for rent is not enough.
The more the government increase the AS and TAS the greedier the landlord becomes and the poorer the housing conditions become because people can only afford slum housing.
A mass government housing build is required 20,000 minimum as people are facing high stress in low cost private rental.
Some one buying an investment property now is not making any money on the rental return and it would not cover mortgage payments let alone rates insurance or the big one maintenance.
The latest figures show an increase in first home buyers.
Interest rates have never been cheaper. If they are going interest only at a fixed rate they could make money. However, most used to be negative geared, though the losses are now ring fenced.
If he has to increase the rent to pay the mortgage then, on the face of it, it looks like an unsound investment; unless the rent was well below the going rate originally. The tenant should not be expected to pay the landlord's mortgage.
The tenant should not be expected to pay the landlord's mortgage.
Put so well what is happening to investment properties. Rent control is required because the banks are loaning to those who need to fleece the tenants.
Who should force landlords the government or the bank or both?
I can see why people need subsidies to pay the rent. I cannot see why landlords need to raise the rent to pay the bank for an investment property they cannot afford.
Landlords get a good return when they sell. This is why people are buying an investment property.
If subsidies were not being paid then many tenants would not be able to afford the rent being asked. However, in that case, landlords may have difficulty finding tenants with sufficient incomes, and rents may fall.
Ive been working near the Pullman, from what ive seen the quarantine facilities are not secure at all. When the area for fresh air is on a busy intersection where those in isolation can chat with freinds through the security fence… its a disaster waiting to happen.
Sure, but with a more contagious variant here wouldnt you want to make sure there is no face to face contact between those in managed isolation and those outside living in the 'new normal'
This Govt. could impose an immediate Rent Freeze with no warning, until there are enough public houses and apartments. Rents should be set at an actual 25% of income max. for State Tenants anyway, and benefits massively raised.
Activists and homeless need to start entering and occupying empty houses from one end of the country to the other. Bach? oh sorry, no one was home…speculators have to be encouraged to “diversify” somehow if the Govt. will not go there.
I once dated someone who had a bach around Red Rocks in Wellington. It was great to fish and the sunsets were amazing. The place had a bath tub with a direct view of the ocean and an oven, those were the best days.
There is quite a nice house in Wellington that is almost always empty. It should be in pretty good condition as they have just spent about $3 million on an upgrade if the rumour mill is to be believed.
Usually has one person living there for about 3 nights a week, for about 9 months/year. Address is 260 Tinakori Road. Move in and occupy it. I'm sure you will be welcome
Sounds like there is room for people. The occupant might get lonely. I always clean up after myself and do a tidy up where ever I stay. I even wash the sheets before I leave.
Are the rumours correct that the Cabinet paper going up from Minister Mahuta is proposing just 3 water entities to run the entire country? This looks like a nice deep political alliance between Mauhta and Parker on both regulatory and institutional fields.
There is a wee sales spiel for a few minutes, but the vibe is great.
In 20 minutes, it ticks lots of boxes.
Regenerative agish, something lots of individuals can do, hands on, soil building, empowerment in the face of CC, expaining why wildfires are a good thing.
"And she said the Government would leave "no stone unturned" in its plans to fix the housing market – a market that has seen 20 per cent year-on-year price inflation."
So a CGT is now being examined to be implemented ?? Otherwise The Government is NOT leaving stones unturned. Perhaps our PM should not play with words 🤥. and give a false impression.
According to this definition: Our govt is not doing "everything or making every possible effort it can to achieve a good result". Looking and doing are not the same, but I do see your point 🤔 !!
Any proposed CGT I have seen proposed in New Zealand will exclude the family home from the tax. That will have the effect of increasing rather than decreasing house prices.
Look at what has happened in Australia where they have a CGT and a means tested national superannuation scheme. All that happens is that most people, as they reach 65, will move to a larger house, or massively do up their existing home and have a great world trip so that they can get under the means test limit where they lose their entitlement to super and they don't open up a CGT obligation if they have to move to a rest home like property.
House price increases in Australia are rising by about the same percentage as here. So much for a CGT holding house prices down. Purely as an example I would offer the following story.
"Property expert forecasts 'double-digit' growth for Aussie house prices in 2021"
Which housing crisis? The shortage of state houses one (which they can address and have made a start on) or the middle class price / ownership one which I don't think they are willing to do what it takes (or really anyone wants them to).
Unfortunately Labour has conflated these before (e.g with the 'affordable' 600k homes) but which crisis do you expect them to address?
Fail to see any 'conflation' of the two with the Kiwibuild fiasco.
If you wish to break it into sectors you can add private rentals to the mix as well.
The entire market is in crisis (with the possible exception of the luxury market) and interconnected. After 4 years the re-announcement of a modest state housing programme that falls far short of state housing levels of even the 1990s may be considered 'addressing' in your book, it isnt even close in mine.
The deliberate fuelling of the residential property market bubble they have clearly shown they are unwilling to address but i fail to see how you conclude no one wants them too…..some clearly do not but substantial numbers obviously do or it would not be considered the dominant issue, not to mention the fact that the goals of this Governments stated social policy are impossible without doing so.
So 'which crisis' do i expect them to address?…all three
Quite a big ask then. I never thought that kiwibuild would address house prices and I don't think Labour believed it would either.
I have seen them end the policy of using Housing New Zealand as a nice earner (by selling off the stock, sometimes emptying them using meth testing scams) and that Kiwibuild has basically started growing that stock again. Obviously accomodating people, who will continually need provided housing, is quite a different problem to significantly reducing house prices. But as I thought at the time they talked up Kiwibuild as addressing the later while it could only really address the former. In politics when you make promises you can't deliver on then moving the goal posts (e.g the definition of affordable) is the next strategy you often use.
I don't think the public really wants house prices to suddenly shrink. Ignoring the lack of mechanism imagine if prices fell by 30% what happens? Many new owners are suddenly under water. At this point the banks put more pressure on the reduce debt and the savings behaviour tips the economy towards recession. If the government doesn't respond with spending much more strongly than 2010 then fresh batches of unemployed ultimately pay the price for the housing price adjustment. Ardern has now said multiple times this is not something she wants to see happen. As far as I have seen people who say they want a large fall in prices don't understand what this implies, or acknowledge this problem with that scenario but I assume they don't want this outcome (and they didn't understand likely consequences) not that they thought it was equitable.
Kiwibuild was the part of the overall plan intended to shift private developers towards cheaper builds. Relied too much on them not behaving in their own commercial interests. 'Naive' is being polite.
Building state houses was always a separate part of the same overall plan, incredibly badly communicated by that guy who lost his job over it.
The biggest economic problem with cutting house prices is that too many of NZ's small businesses are also secured against them by our lazy banks.
Am well aware of the potential fall out from a sudden price correction of any significance however the current situation is both unsustainable and will correct at some point in any case…..a serious attempt to wind back the price to income ratios does not necessitate a collapse though that risk exists….the current Gov. position is contrary to such…i.e. 'moderated price growth'
The economy can be stimulated (and employment preserved) through other mechanisms should the Government so choose and underwater mortgages (for owner occupiers) can be removed from the banks balance sheets as has been done before….its not as if we dont have alternative areas that need the investment.
The current situation simply highlights the dearth of any other strategy despite all the time they have had to develop such and also is a one way trip as no central bank has any idea how to unwind what was supposed to be a temporary support measure without causing what they are charged with avoiding and why the RBNZ has constantly called for the fiscal arm to play its role….our current fiscal arm appears bereft of such capability.
Meanwhile increasing numbers of households are losing the wherewithal to contribute to the economy that will cost us in the medium/long term….something both Robertson and Ardern claimed they would avoid.
I agree a price correction while dealing with the fall out would be acceptable.
Unfortunately Labour has shown only interest in avoiding the price correction, while the comment above suggests some people don't seem to think there will be a negative fall out from a price correction (and don't address mitigation).
I am a realist. I don't expect them to address any of the problems relating to housing. They haven't done anything significant in the first 3 years and I really don't expect to see any real improvement in such numbers as the number of of families on the waiting list has risen from 5844 in September 2017 to 22,409 in November 2020.
Graham Adams writes about the $55m media fund — When Patrick Gower was asked by Mike Hosking last week what he would say to the many Newstalk ZB callers who allege the Labour government bribed media with $55 million of taxpayers’ money via the Public Interest Journalism Fund — and ...
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New Zealand is said to be suffering from ‘serious populist discontent’. An IPSOS MORI survey has reported that we have an increasing preference for strong leaders, think that the economy is rigged toward the rich and powerful, and political elites are ignoring ‘hard-working people’. The data is from February this ...
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Buzz from the Beehive Oceans and Fisheries Minister Shane Jones relishes spatting and eagerly takes issue with environmentalists who criticise his enthusiasm for resource development. He relishes helping the fishing industry too. And so today, while the media are making much of the latest culling in the public service to ...
Having written, taught and worked for the US government on issues involving unconventional warfare and terrorism for 30-odd years, two things irritate me the most when the subject is discussed in public. The first is the Johnny-come-lately academics-turned-media commentators who … Continue reading → ...
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David Farrar writes – The Herald reports: From the gory details of job-cuts news, you’d think the public service was being eviscerated. While the media’s view of the cuts is incomplete, it’s also true that departments have been leaking the particulars faster than a Wellington ...
Remember the good old days, back when New Zealand had a PM who could think and speak calmly and intelligently in whole sentences without blustering? Even while Iran’s drones and missiles were still being launched, Helen Clark was live on TVNZ expertly summing up the latest crisis in the Middle ...
Costello did not pass on analysis of the benefits of the smokefree reforms to Cabinet, emphasising instead the extra tax revenues of repealing them. Photo: Hagen Hopkins, Getty Images TL;DR: The six news items that stood out to me at 7:26 am today are:The Lead: Casey Costello never passed on ...
True loveYou're the one I'm dreaming ofYour heart fits me like a gloveAnd I'm gonna be true blueBaby, I love youI’ve written about the job cuts in our news media last week. The impact on individuals, and the loss to Aotearoa of voices covering our news from different angles.That by ...
While commentators, including former Prime Minister Helen Clark, are noting a subtle shift in New Zealand’s foreign policy, which now places more emphasis on the United States, many have missed a key element of the shift. What National said before the election is not what the government is doing now. ...
The Green Party has joined the call for public submissions on the fast-track legislation to be extended after the Ombudsman forced the Government to release the list of organisations invited to apply just hours before submissions close. ...
New Zealand’s good work at reducing climate emissions for three years in a row will be undone by the National government’s lack of ambition and scrapping programmes that were making a difference, Labour Party climate spokesperson Megan Woods said today. ...
More essential jobs could be on the chopping block, this time Ministry of Education staff on the school lunches team are set to find out whether they're in line to lose their jobs. ...
The Government is trying to bring in a law that will allow Ministers to cut corners and kill off native species, Labour environment spokesperson Rachel Brooking said. ...
Cancelling urgently needed new Cook Strait ferries and hiking the cost of public transport for many Kiwis so that National can announce the prospect of another tunnel for Wellington is not making good choices, Labour Transport Spokesperson Tangi Utikere said. ...
A laundry list of additional costs for Tāmaki Makarau Auckland shows the Minister for the city is not delivering for the people who live there, says Labour Auckland Issues spokesperson Shanan Halbert. ...
The Green Party has today launched a step-by-step guide to help New Zealanders make their voice heard on the Government’s democracy dodging and anti-environment fast track legislation. ...
The National Government’s proposed changes to the Residential Tenancies Act will mean tenants can be turfed from their homes by landlords with little notice, Labour housing spokesperson Kieran McAnulty said. ...
Green Party co-leader Marama Davidson is calling on all parties to support a common-sense change that’s great for the planet and great for consumers after her member’s bill was drawn from the ballot today. ...
A significant milestone has been reached in the fight to strike an anti-Pasifika and unfair law from the country’s books after Teanau Tuiono’s members’ bill passed its first reading. ...
New Zealand has today missed the opportunity to uphold the right to a clean, healthy, and sustainable environment, says James Shaw after his member’s bill was voted down in its first reading. ...
Today’s advice from the Climate Change Commission paints a sobering reality of the challenge we face in combating climate change, especially in light of recent Government policy announcements. ...
Minister for Disability Issues Penny Simmonds appears to have delayed a report back to Cabinet on the progress New Zealand is making against international obligations for disabled New Zealanders. ...
The Government’s newly announced review of methane emissions reduction targets hints at its desire to delay Aotearoa New Zealand’s urgent transition to a climate safe future, the Green Party said. ...
The Government must commit to the Maitai School building project for students with high and complex needs, to ensure disabled students from the top of the South Island have somewhere to learn. ...
Mental Health Minister Matt Doocey and his Government colleagues have made a meal of their mental health commitments, showing how flimsy their efforts to champion the issue truly are, says Labour Mental Health spokesperson Ingrid Leary. ...
Māori are yet to see anything from this Government except cuts, reversals and taking our people backwards, Māori Development spokesperson Willie Jackson said. ...
The Coalition Government’s refusal to commit to ongoing funding for social housing is seeing the sector pull back on developments and families watch their dreams of securing a home fade away, says Labour Housing spokesperson Kieran McAnulty. ...
Changes to minimum wage and benefit indexation means many New Zealanders will get less this year, as the Government gives a big tax break to landlords instead. ...
New Zealand is demonstrating its commitment to reducing global greenhouse emissions, and supporting clean energy transition in South East Asia, through a contribution of NZ$41 million (US$25 million) in climate finance to the Asian Development Bank (ADB)-led Energy Transition Mechanism (ETM). Prime Minister Christopher Luxon and Climate Change Minister Simon Watts announced ...
The Government is today releasing a list of organisations who received letters about the Fast-track applications process, says RMA Reform Minister Chris Bishop. “Recently Ministers and agencies have received a series of OIA requests for a list of organisations to whom I wrote with information on applying to have a ...
Attorney-General Judith Collins today announced the appointment of Wellington Barrister David Jonathan Boldt as a Judge of the High Court, and the Honourable Justice Matthew Palmer as a Judge of the Court of Appeal. Justice Boldt graduated with an LLB from Victoria University of Wellington in 1990, and also holds ...
Education Minister Erica Stanford will lead the New Zealand delegation at the 2024 International Summit on the Teaching Profession (ISTP) held in Singapore. The delegation includes representatives from the Post Primary Teachers’ Association (PPTA) Te Wehengarua and the New Zealand Educational Institute (NZEI) Te Riu Roa. The summit is co-hosted ...
A stopbank upgrade project in Tairawhiti partly funded by the Government has increased flood resilience for around 7000ha of residential and horticultural land so far, Regional Development Minister Shane Jones says. Mr Jones today attended a dawn service in Gisborne to mark the end of the first stage of the ...
Foreign Affairs Minister Winston Peters will represent the Government at Anzac Day commemorations on the Gallipoli Peninsula next week and engage with senior representatives of the Turkish government in Istanbul. “The Gallipoli campaign is a defining event in our history. It will be a privilege to share the occasion ...
Science, Innovation and Technology and Defence Minister Judith Collins will next week attend the OECD Science and Technology Ministerial conference in Paris and Anzac Day commemorations in Belgium. “Science, innovation and technology have a major role to play in rebuilding our economy and achieving better health, environmental and social outcomes ...
Prime Minister Christopher Luxon held a bilateral meeting today with the President of the Philippines, Ferdinand Marcos Jr. The Prime Minister was accompanied by MP Paulo Garcia, the first Filipino to be elected to a legislature outside the Philippines. During today’s meeting, Prime Minister Luxon and President Marcos Jr discussed opportunities to ...
The Government has announced that $20 million in funding will be made available to Westport to fund much needed flood protection around the town. This measure will significantly improve the resilience of the community, says Local Government Minister Simeon Brown. “The Westport community has already been allocated almost $3 million ...
The Government is proud to support the first ever Repco Supercars Championship event in Taupō as up to 70,000 motorsport fans attend the Taupō International Motorsport Park this weekend, says Economic Development Minister Melissa Lee. “Anticipation for the ITM Taupō Super400 is huge, with tickets and accommodation selling out weeks ...
Local Government Minister Simeon Brown has announced an increase to the Rates Rebate Scheme, putting money back into the pockets of low-income homeowners. “The coalition Government is committed to bringing down the cost of living for New Zealanders. That includes targeted support for those Kiwis who are doing things tough, such ...
The Coalition Government is investing in a project to boost survival rates of New Zealand mussels and grow the industry, Oceans and Fisheries Minister Shane Jones has announced. “This project seeks to increase the resilience of our mussels and significantly boost the sector’s productivity,” Mr Jones says. “The project - ...
Benefit figures released today underscore the importance of the Government’s plan to rebuild the economy and have 50,000 fewer people on Jobseeker Support, Social Development and Employment Minister Louise Upston says. “Benefit numbers are still significantly higher than when National was last in government, when there was about 70,000 fewer ...
The Government’s commitment to doubling New Zealand’s renewable energy capacity is backed by new data showing that clean energy has helped the country reach its lowest annual gross emissions since 1999, Climate Change Minister Simon Watts says. New Zealand’s latest Greenhouse Gas Inventory (1990-2022) published today, shows gross emissions fell ...
The Government is bringing the earthquake-prone building review forward, with work to start immediately, and extending the deadline for remediations by four years, Building and Construction Minister Chris Penk says. “Our Government is focused on rebuilding the economy. A key part of our plan is to cut red tape that ...
Prime Minister Christopher Luxon and his Thai counterpart, Prime Minister Srettha Thavisin, have today agreed that New Zealand and the Kingdom of Thailand will upgrade the bilateral relationship to a Strategic Partnership by 2026. “New Zealand and Thailand have a lot to offer each other. We have a strong mutual desire to build ...
RMA Reform Minister Chris Bishop and Transport Minister Simeon Brown have today announced the Coalition Government’s intention to extend port coastal permits for a further 20 years, providing port operators with certainty to continue their operations. “The introduction of the Resource Management Act in 1991 required ports to obtain coastal ...
Today’s announcement that inflation is down to 4 per cent is encouraging news for Kiwis, but there is more work to be done - underlining the importance of the Government’s plan to get the economy back on track, acting Finance Minister Chris Bishop says. “Inflation is now at 4 per ...
Refreshed health guidance released today will help parents and schools make informed decisions about whether their child needs to be in school, addressing one of the key issues affecting school attendance, says Associate Education Minister David Seymour. In recent years, consistently across all school terms, short-term illness or medical reasons ...
Oceans and Fisheries Minister Shane Jones is streamlining high-level oceans management while maintaining a focus on supporting the sector’s role in the export-led recovery of the economy. “I am working to realise the untapped potential of our fishing and aquaculture sector. To achieve that we need to be smarter with ...
Associate Agriculture Minister Mark Patterson is speaking at the International Wool Textile Organisation Congress in Adelaide, promoting New Zealand wool, and outlining the coalition Government’s support for the revitalisation the sector. "New Zealand’s wool exports reached $400 million in the year to 30 June 2023, and the coalition Government ...
The Government is making legislative changes to make it easier for new early learning services to be established, and for existing services to operate, Associate Education Minister David Seymour says. The changes involve repealing the network approval provisions that apply when someone wants to establish a new early learning service, ...
Changes to the Resource Management Act will align consenting for coal mining to other forms of mining to reduce barriers that are holding back economic development, Resources Minister Shane Jones says. “The inconsistent treatment of coal mining compared with other extractive activities is burdensome red tape that fails to acknowledge ...
Trade, Agriculture and Forestry Minister Todd McClay has concluded productive discussions with ministerial counterparts in Beijing today, in support of the New Zealand-China trade and economic relationship. “My meeting with Commerce Minister Wang Wentao reaffirmed the complementary nature of the bilateral trade relationship, with our Free Trade Agreement at its ...
Prime Minister Christopher Luxon today paid tribute to Singapore’s outgoing Prime Minister Lee Hsien Loong. Meeting in Singapore today immediately before Prime Minister Lee announced he was stepping down, Prime Minister Luxon warmly acknowledged his counterpart’s almost twenty years as leader, and the enduring legacy he has left for Singapore and South East ...
Prime Minister Christopher Luxon held a bilateral meeting today with Singapore Prime Minister Lee Hsien Loong. While in Singapore as part of his visit to South East Asia this week, Prime Minister Luxon also met with Singapore President Tharman Shanmugaratnam and will meet with Deputy Prime Minister Lawrence Wong. During today’s meeting, Prime Minister Luxon ...
Foreign Minister Winston Peters has made further appointments to the Board of Antarctica New Zealand as part of a continued effort to ensure the Scott Base Redevelopment project is delivered in a cost-effective and efficient manner. The Minister has appointed Neville Harris as a new member of the Board. Mr ...
Finance Minister Nicola Willis will travel to the United States on Tuesday to attend a meeting of the Five Finance Ministers group, with counterparts from Australia, the United States, Canada, and the United Kingdom. “I am looking forward to meeting with our Five Finance partners on how we can work ...
The coalition Government has today announced purrfect and pawsitive changes to the Residential Tenancies Act to give tenants with pets greater choice when looking for a rental property, says Housing Minister Chris Bishop. “Pets are important members of many Kiwi families. It’s estimated that around 64 per cent of New ...
State Highway 1 (SH1) through Wellington City is heavily congested at peak times and while planning continues on the duplicate Mt Victoria Tunnel and Basin Reserve project, the Government has also asked NZ Transport Agency (NZTA) to consider and provide advice on a Long Tunnel option, Transport Minister Simeon Brown ...
Prime Minister Christopher Luxon and Foreign Minister Winston Peters have condemned Iran’s shocking and illegal strikes against Israel. “These attacks are a major challenge to peace and stability in a region already under enormous pressure," Mr Luxon says. "We are deeply concerned that miscalculation on any side could ...
Hundreds of people in little over a week have turned out in Northland to hear Regional Development Minister Shane Jones speak about plans for boosting the regional economy through infrastructure. About 200 people from the infrastructure and associated sectors attended an event headlined by Mr Jones in Whangarei today. Last ...
Health Minister Dr Shane Reti has today thanked outgoing Health New Zealand – Te Whatu Ora Chair Dame Karen Poutasi for her service on the Board. “Dame Karen tendered her resignation as Chair and as a member of the Board today,” says Dr Reti. “I have asked her to ...
The NZ Transport Agency (NZTA) has signalled their proposed delivery approach for the Government’s 15 Roads of National Significance (RoNS), with the release of the State Highway Investment Proposal (SHIP) today, Transport Minister Simeon Brown says. “Boosting economic growth and productivity is a key part of the Government’s plan to ...
New Zealand is renewing its connections with a world facing urgent challenges by pursuing an active, energetic foreign policy, Foreign Minister Winston Peters says. “Our country faces the most unstable global environment in decades,” Mr Peters says at the conclusion of two weeks of engagements in Egypt, Europe and the United States. “We cannot afford to sit back in splendid ...
Prime Minister Christopher Luxon has announced the Australian Governor-General, His Excellency General The Honourable David Hurley and his wife Her Excellency Mrs Linda Hurley, will make a State visit to New Zealand from Tuesday 16 April to Thursday 18 April. The visit reciprocates the State visit of former Governor-General Dame Patsy Reddy ...
Associate Health Minister David Seymour has announced that Medsafe has approved 11 cold and flu medicines containing pseudoephedrine. Pharmaceutical suppliers have indicated they may be able to supply the first products in June. “This is much earlier than the original expectation of medicines being available by 2025. The Government recognised ...
New Zealand and the United States have recommitted to their strategic partnership in Washington DC today, pledging to work ever more closely together in support of shared values and interests, Foreign Minister Winston Peters says. “The strategic environment that New Zealand and the United States face is considerably more ...
April 11, 2024 Joint Declaration by United States Secretary of State the Honorable Antony J. Blinken and New Zealand Minister of Foreign Affairs the Right Honourable Winston Peters We met today in Washington, D.C. to recommit to the historic partnership between our two countries and the principles that underpin it—rule ...
Foreign Minister Winston Peters has announced further New Zealand cooperation with the United States in the Pacific Islands region through $16.4 million in funding for initiatives in digital connectivity and oceans and fisheries research. “New Zealand can achieve more in the Pacific if we work together more urgently and ...
Kia Ora Gaza A passionate haka reverberated through Auckland International Airport as a medical team of three New Zealand doctors received an emotional farewell from a big crowd of supporters before flying to Turkey to join the international Freedom Flotilla to Gaza. The doctors, who left Auckland yesterday, hope to ...
With submissions closing today, Macassey-Pickard says groups around the country have been supporting a huge range of people to make their submissions. ...
Our response to the new legislation is informed by targeted conversations with practitioners working in the system and through an implementation lens. ...
The new ‘Fast-track Approvals Bill’ would give just three Ministers the power to approve or deny development projects. They would avoid the usual checks and balances that are in place to protect rivers, land, the ocean, and communities. ...
COMMENTARY:By Eugene Doyle Helen Clark, how I miss you. The former New Zealand Prime Minister — the safest pair of hands this country has had in living memory — gave a masterclass on the importance of maintaining an independent foreign policy when she spoke at an AUKUS symposium held ...
The government's released the list of organisations provided with information on how to apply - just hours before public submissions on the bill close. ...
Source: The Conversation (Au and NZ) – By Milton Speer, Visiting Fellow, School of Mathematical and Physical Sciences, University of Technology Sydney Before climate change really got going, eastern Australia’s flash floods tended to concentrate on our coastal regions, east of the Great Dividing Range. But that’s changing. Now ...
Source: The Conversation (Au and NZ) – By Elizabeth Finkel, Vice-Chancellor’s Fellow, La Trobe University Sia Duff / South Australian Museum In February, the South Australian Museum “re-imagined” itself. In the face of rising costs and inadequate government funds, CEO David Gaimster, who took the reins last June, declared ...
Source: The Conversation (Au and NZ) – By Alan Pearce, Professor, School of Allied Heath, Human Services & Sport, La Trobe University, La Trobe University This week, Collingwood AFL player Nathan Murphy announced his retirement, brought on by his concussion history and ongoing issues. The 24-year-old’s seemingly sudden retirement, ...
The Mental Health Foundation provides support and resources for those facing the loss of their job, so it’s wrong in the very week the Government adds another 1000 jobs to its tally of cuts, that this is happening. ...
Source: The Conversation (Au and NZ) – By Alexander Howard, Senior Lecturer, Discipline of English and Writing, University of Sydney Daniel Boud/Sydney Theatre Company Decay, terror, revulsion. These are three of the central themes of Thomas Bernhard’s rarely performed play The President. The Austrian is one of the greatest ...
Prime Minister Christopher Luxon says threats by ministers Shane Jones and David Seymour to reform or close down the Waitangi Tribunal were “ill-considered”, as legal experts say the ministers may have breached Cabinet Manual conventions. “I think those comments are ill-considered and we expect all ministers to actually exercise good ...
Source: The Conversation (Au and NZ) – By Ye In (Jane) Hwang, Postdoctoral Research Associate at School of Population Health, UNSW Sydney Shutterstock You’d be hard pressed to find any aspect of daily life that doesn’t require some form of digital literacy. We need only to look back ten ...
Source: The Conversation (Au and NZ) – By Rob Newton, Professor of Exercise Medicine, Edith Cowan University Pexels/RDNE stock project You’re not in your 20s or 30s anymore and you know regular health checks are important. So you go to your GP. During the appointment they measure your waist. ...
A new poem by Evangeline Riddiford Graham. Mitochondrial Problem I. It was long drive to Kansas for the man and his dog but you have to understand he said She doesn’t fly. Which calls to mind not carsick shitting barking or whining but a dog who chooses not to as ...
The only published and available best-selling indie book chart in New Zealand is the top 10 sales list recorded every week at Unity Books’ stores in High St, Auckland, and Willis St, Wellington.AUCKLAND1 Hemingway’s Goblet by Dermot Ross (Mary Egan Publishing, $38)Hot off the press, this debut ...
Source: The Conversation (Au and NZ) – By Laura Wajnryb McDonald, PhD candidate in Criminology, University of Sydney Less than 24 hours after Ashlee Good was murdered in Bondi Junction, her family released a statement requesting the media take down photographs they had reproduced of Ashlee and her family without ...
Chief executive Shaun Robinson said it has not had any government funding cut, but government-funded contracts have not kept pace with rising costs. ...
The Ministry of Health has delayed the release of its evidence brief on the safety, reversibility and mental health and wellbeing outcomes for puberty blockers. While we wait, Julia de Bres speaks to those with firsthand experience. Best practice gender-affirming healthcare is based on trans people’s self-determination and agency. The ...
Barcelona’s city streets have gone from traffic-clogged to pedestrian-friendly. How? Superblocks. Ellen Rykers explains. This is an excerpt from our weekly environmental newsletter Future Proof. Sign up here. Last week I read a great interview with renowned urbanist Janette Sadik-Khan by The Spinoff’s Wellington editor Joel MacManus: “You can reimagine streets, ...
Student groups ‘Climate Action VUW’, Schools Strike 4 Climate and VUWSA will be on the street in Wellington today, the last day for submissions on the Fast-track Approvals Bill, with a message that the fight against the Government’s ‘War on ...
Source: The Conversation (Au and NZ) – By Sofia Ammassari, Research Fellow, Griffith University Since 2014, Indian Prime Minister Narendra Modi’s popularity has grown exponentially – and so has the formidable organisational machine of his Bharatiya Janata Party (BJP). These two factors will be key to delivering the BJP a ...
Source: The Conversation (Au and NZ) – By Brendon Hyndman, Associate Professor of Education (Adjunct) & Senior Manager (BCE), Charles Sturt University During COVID almost all Australian students and their families experienced online learning. But while schools have long since gone back to in-person teaching, online learning has not gone ...
Yes, they’re better for the environment. No, that’s not a good enough reason for me to use them. Once every 26 days or so, my period arrives, and if struck by an act of God, I am caught red-crotched without products. How, after 17 years of this, do I still ...
“It will cause significant harm to our environment and communities. It is completely at odds with New Zealanders’ relationship with nature and our need for a low-carbon, sustainable economic future." ...
The Chair of the National Maori Authority, Matthew Tukaki, has warned a Parliamentary Select Committee that fast-tracking legislation is a perilous practice that undermines the core tenets of democracy, transparency, and accountability. ...
Source: The Conversation (Au and NZ) – By Tim Tenbensel, Associate Professor, Health Policy, University of Auckland, Waipapa Taumata Rau Getty Images Since coming into power, the coalition government has adopted a simple but shrewd see-how-fast-we-can-move political strategy. However, in the health sector this need for speed entails ...
Source: The Conversation (Au and NZ) – By Anastasia Hronis, Clinical Psychologist, University of Technology Sydney Darya Sannikova/Pexels Whether you’re watching TV, attending a footy game, or eating a meal at your local pub, gambling is hard to escape. Although the rise of gambling is not unique to Australia, ...
Source: The Conversation (Au and NZ) – By Mark Wong, Forrest Fellow, School of Biological Sciences, The University of Western Australia Have you ever wondered if there are more insects out at night than during the day? We set out to answer this question by combing through the scientific ...
Source: The Conversation (Au and NZ) – By Carol T Kulik, Research Professor, University of South Australia IR Stone/Shutterstock In Australia, it’s not the done thing to know – let alone ask – what our colleagues are paid. Yet, it’s easy to see how pay transparency can make pay ...
The Ministry of Business, Innovation and Employment (MBIE) is sounding a warning to migrants, that running foul of the law may see them leaving the country prematurely. ...
The government’s plan to get 50,000 people off jobseeker support by 2030 has had a rocky start, writes Catherine McGregor in this excerpt from The Bulletin, The Spinoff’s morning news round-up. To receive The Bulletin in full each weekday, sign up here. Beneficiary numbers are up – and so are ...
Raglan Roast is a staple of Wellington coffee culture. But with five branches across the capital, which one is the best? I am a die-hard Raglan Roast fan. It’s consistently the most affordable cafe in Wellington, and one of the only places you can get a coffee after 3pm. So, ...
Residents of University of Auckland halls are being urged to withhold their accommodation fees from May 1, in a bid to force the university to take student concerns over rent hikes seriously.The University of Auckland is facing a strike from students over the cost of on-campus accommodation. The Students ...
New Zealand and the Philippines have signed a new maritime security agreement and stated their concerns over activity in the South China Sea, as Chinese vessels continue to flout international law. Prime Minister Christopher Luxon and Philippines President Ferdinand “Bongbong” Marcos committed to signing a Mutual Logistics Supporting Arrangement by ...
The thousands of government “back-office” job cuts are causing widespread pain in the capital city. In today’s episode of The Detail, we speak to three journalists and a think tank researcher, looking at the larger picture around the cuts and what effect it will have on Wellington, a city that’s ...
Opinion: The famed American architect and urban designer Daniel Burnham once said, “Make no little plans. They have no magic to stir men’s blood!” Burnham wouldn’t have been referring to the transport plans in Aotearoa New Zealand over the past five years; projects so big they hadn’t the credibility to ...
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Opinion: With maths understanding at 42 percent for Year 8 students, there’s no doubt something has to be done. But how? The post Financial literacy should be on all of us appeared first on Newsroom. ...
Hineaupounamu ‘Missy’ Nuku has been scaling mountains in Canada for her college basketball team, the Lakeland Rustlers. Alberta is currently home for the 20-year-old point guard, who is in her first year of a scholarship at Lakeland College, where she is studying for a business degree. She has certainly made ...
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra When ASIO boss Mike Burgess delivered his annual threat assessment earlier this year, he stressed the rising danger posed by espionage and foreign interference. “In 2024, threats to our way of life have surpassed ...
The Tribunal had called on Minister for Children Karen Chhour to provide evidence at an urgent inquiry into the repeal of Section 7AA of the Oranga Tamariki Act. ...
Source: The Conversation (Au and NZ) – By T.J. Thomson, Senior Lecturer in Visual Communication & Digital Media, RMIT University Midjourney image by T.J. Thomson As more than half of Australian office workers report using generative artificial intelligence (AI) for work, we’re starting to see this technology affect every ...
Source: The Conversation (Au and NZ) – By Lisa Nicole Sharwood, Injury epidemiologist | Expert Witness, UNSW Sydney Sergey Novikov/Shutterstock Injuries are the leading cause of disability and death among Australian children and adolescents. At least a quarter of all emergency department presentations during childhood are injury-related. Injuries can ...
Source: The Conversation (Au and NZ) – By Di Winkler, Adjunct Associate Professor, Living with Disability Research Centre, La Trobe University Shutterstock/Ground PictureMany Australians with disability feel on the edge of a precipice right now. Recommendations from the disability royal commission and the NDIS review were released late ...
Source: The Conversation (Au and NZ) – By Salman Shooshtarian, Senior Lecturer, School of Property, Construction and Project Management, RMIT University Salman Shooshtarian Asbestos has been found in mulch used for playgrounds, schools, parks and gardens across Sydney and Melbourne. Local communities naturally fear for the health of their ...
Family First says that the latest abortion statistics make grim and upsetting reading, with a 25% increase in abortions since the decriminalisation of abortion in March 2020. According to an Official Information Act request received by Right to Life ...
Ipsos New Zealand's inaugural participation in a global study on populism reveals a pervasive sense of societal and economic decline among New Zealanders. MORE DETAILS AND FULL REPORT HERE Ipsos New Zealand's inaugural participation in a global study ...
Ding dong, Darth Drumpf is gone.
https://twitter.com/Karnythia/status/1351867348672794626
https://www.huffpost.com/entry/nigella-lawson-donald-trump-recipe_n_60082291c5b6ffcab9693878
Funny—and ironic, coming from the daughter of one of Thatcher's notorious henchmen of the blighted 1980s.
Jeez, you're so stuck in the past you're probably still rockin' a mullet.
As far as her father is concerned, I'm more than prepared to let bygones be bygones.
As soon as he apologizes for the devastation in which he was a prime part.
He did apologise for it! It was in the pub in Gwondelton and somebody else said that it sounded like an apology. It must have been 2006 or so and I remember I was going to write about in the School Notices but I never did. I have it clear in my head because I can remember it so vividly. Phil Ure must have heard it too, no doubt. 101 Fairy Meadow. I’m not making this up. Are you going to call me a liar? Apologise forthwith!
\sarc
It's her maternal great-uncle who really causes me to question every recipe that woman utters. Short-changed a customer in his fruitmongery one October, you know. Shocking.
If only more people lived in the past as is right and proper we would not have any problems these days. Bring back the empire!
What an absolutely spiffing idea! And now that they are rid of those pesky Europeans – Britannia can rule the waves. And Britons Never! Never! Never! Shall be slaves!
Even in darkest Northcote!
Mordor with streetlights.
Although the sung abhorrance of being slaves should in no way indicate that any Briton knew during the height of the transatlantic slave trade (when the song was written) that slavery was a bad thing. It was sadly the style of the time and we can only judge them by their own standards. /sarc
Hear, hear!
https://magazine-photo.rmngp.fr/en/autour-des-collections/imperial-spectacle
“that woman”
Just one quibble: Empire
You hardly need the \sarc tag, my friend. You're better than that. You got me, and you got me good.
And now the lawsuits begin.
It will be interesting to see if Trump can get any lawyers to represent him, after his treatment of Guilini, and if any reputable firm would take him on with the probable ensuing reputational damage,
In full agreement with John Bishop. A nasty shock to start the day with!!!
Not sure if anybody should take any notice of John Bishop given his involvement in the Taxpayer's Union, that well known far-right mob.
https://www.taxpayers.org.nz/tags/john_bishop
The article will be part of a concerted campaign to get National back into power. Remember them-the party who caused the housing and poverty crisis in the first place?
Nice to see Stuff place his association with National under the piece. Granny never bothers explaining Tawdrey Young's associations with national, no surprises there.
Being too generous to property investors is just hiking up housing prices. First home buyers are finding it difficult to get on the property ladder. People are requiring mental health services because of homelessness and hospital care because of unhealthy homes. The government need to build homes instead of having to find the money to fix the problems which homelessness and poor housing cause. A lot of money needs to be printed or redirected into affordable housing.
Ardern has ideas, her planning and the implementation of the idea needs to be put into action when the idea is a good solution to the problem.
Even a stopped cock, etc..
The rumour was, as a young fella in the army, that stop cock was put in the food served at the mess. Ya know, to stop unwanted distractions…Potassium Bromide, my unreliable memory tells me.
Also popular in prisons back in the day. Seems to come naturally to these blowhards.
I see what you did there.
I'm looking forward to pretty concrete plans coming out of the Labour caucus in Nelson today. The new public housing areas are going to be a good start. But let's see more.
Do you think, perhaps, that if Labour were to hold their Caucus somewhere around Baird's Road in South Auckland or maybe Poet's Corner in Hamilton they'd have a better idea of how urgent the housing issues are? Instead of Nelson…head up North…getting up early in the morning to catch the homeless as they vacate the park benches and bus shelters before the 'real' people begin their day.
They could have the best of both worlds…poncy hotel in downtown Tauranga with a side trip of reality as the indigent are rooted from their waterfront digs as the sun comes up.
No.
They are clear about where the needs are, and announced the development areas today.
They are: Napier-Hastings, Hamilton, Wanganui, Whangarei, and a few more. These are specific developments delivering several thousand dwellings in total
I agree with John Bishop
The Labour govt needs to unapologetically roll up its sleeves and get to work
But the alternative ??
Can't see myself ever voting National , and The Greens(I'm a member) need to step up a bit more loudly
How much longer can we hope for the change that never comes?
Its not even incremental improvement , we're getting worse outcomes for housing, poverty and climate disaster as time goes on
The alternative is: any other country in the world except Australia.
Even Denmark is screwed for 2021.
If these two twits can't feel the blood in my eyes at the horror of our housing situation in Gisborne I know them for the Blairites they are.
Speak, carry on their comfortable lives, can't do … a shit.
There is a whole rank of social democrats in their 50s up who know what to do but politics has left them out. The switcheroo can come though.
Finally, some murmurings on housing. I'll believe it when I see it.
Yeah. Right. Had a read of that at sparrow's this morning having been driven of Natrad by them broadcasting (for reasons that escape me) the bleeding US Big Boss Installation.
Here are The Plans. Look glossily awesome. I am excited.
https://www.hud.govt.nz/community-and-public-housing/increasing-public-housing/public-housing-plan/
You mean the re-announcement of last years plan?
https://www.newsroom.co.nz/ardern-lays-out-path-to-18000-more-state-homes
There is nothing new there, they have simply moved the end date to 2024 and the consequent expected build numbers.
Local initiatives to solve local problems are putting the Labour govt to shame
This guy is brilliant and wonder of wonders has managed to get TDC on side
The first house is being built now
https://www.stuff.co.nz/life-style/homed/homed-series/123658588/golden-bays-affordable-housing-project-receives-multiple-land-offers
If there are many thousands more homeless now where were they a few years ago? Were they excluded from the statistics under some disqualifying pretext, which would be my guess. But where were they living, there seems to be a disconnect ( hate that word ) as surely 5000houses or so have not burnt down? Even if low housing mortgage rates, which we have been dreaming of having for years are responsible for more ownership surely new owners must have left somewhere?
Well, how many are owned by foreigners and only occupied when their owners are here?
A total of 196,506 homes were left unoccupied across the country at the 2018 census, according to Stats NZ. The figure includes homes with no current occupants, unoccupied properties being renovated, baches, and holiday homes.
200k empty 'ghost' houses: Why and what would … – Stuff.co.nz
http://www.stuff.co.nz › life-style › homed › 200k-empty-ghost…
One solution, from the web.
In the Spanish region of Catalonia, whose capital is Barcelona, municipalities have been permitted to take over vacant properties since 2016. For this, the apartments have to be empty for more than two years. The cities can then start to rent them as public units at affordable prices for a period of ten years at most.Jul 22, 2020
Barcelona will take over empty apartments as affordable …
Thats one of the solutions this government dosnt have the political stomach for…
A very succinct analysis of the implications of NZs mortgage debt.
https://www.interest.co.nz/property/108685/once-threat-covid-recedes-we-will-need-tackle-enormous-debt-mountain-thats-propping
"So there is no shortage of tools the Government could use to start bulldozing down the mortgage debt mountain and bringing the housing market it supports back to affordable levels.
It’s a question of whether the Government has the political will to do so and the guts to see it through"
Pat taking the worst case scenario Innes used the floating interst rates where fixed interest rates were 2% lower.
Scaremongering the actual impact on the economy is minuscule a few $100 million.
The chances of interest rates going up by anything significant in the next 5 years are very remote indeed.
The positives of high prices in houses is that more houses are being built old houses upgraded.
With 45'000 new permits the housing crises will be solved if that level can be maintained.
Are you denying the fact that fixed rate is the choice of around 80% of mortgages in NZ, with a 2 year fixed term the most common?…he hasnt cherry picked anything.nor is there any scaremongering merely simple arithmetic.
As to whether interest rates increase in the next few years there are several economists suggesting exactly that, so his possit is not out of left field.
"The positives of high prices in houses is more houses are being built"…..pardon?, are you serious…even if they were (which they have not been) the problem is the price and the subsequent level of debt (and servicing) require in gthe long run to purchase them….as earlier posts have shown (200.000 empty houses) there is no shortage of housing but a shortage of "affordable housing".
Are you advising the government?…it may explain a few things.
Dunno about that but I do know that Tricledrown never replies to replies to their comments, never reads Moderation notes, and basically does not engage in debate here in any meaningful way. In other words, they are a spray-and-walk-away troll. They don’t even realise it when they are banned and happily keep submitting comments being blissfully unaware and oblivious to the fact that their comments are not appearing in the front-end 🙁
Thank you…I confess I hadnt noticed the form
It drives me nuts at times …
Not arguing about ‘trickledrown’ who does seem a law unto him/herself, but sometimes I don't reply either. It's not deliberate but we all have other things to do and I don't always get back to TS until the next day or so by which time its usually too late. I'm sure that would apply to many people who comment here.
Yup
A person buys an investment property in the last 12 months and the rent goes up to pay the bank.
Is this a good investment?
Who is buying an investment property now?
I doubt it would be first time property investors.
The government need to introduce a new special needs grant SNG as the accommodation supplement AS and temporary additional support TAS payment for rent is not enough.
The more the government increase the AS and TAS the greedier the landlord becomes and the poorer the housing conditions become because people can only afford slum housing.
A mass government housing build is required 20,000 minimum as people are facing high stress in low cost private rental.
Some one buying an investment property now is not making any money on the rental return and it would not cover mortgage payments let alone rates insurance or the big one maintenance.
The latest figures show an increase in first home buyers.
Interest rates have never been cheaper. If they are going interest only at a fixed rate they could make money. However, most used to be negative geared, though the losses are now ring fenced.
If he has to increase the rent to pay the mortgage then, on the face of it, it looks like an unsound investment; unless the rent was well below the going rate originally. The tenant should not be expected to pay the landlord's mortgage.
We badly need rent control.
The tenant should not be expected to pay the landlord's mortgage.
Put so well what is happening to investment properties. Rent control is required because the banks are loaning to those who need to fleece the tenants.
Subsidizing rent was a stupid idea . Cut all subsidies now force land lords to wear it or get out .
Subsidies just support landlords mortgages.
Who should force landlords the government or the bank or both?
I can see why people need subsidies to pay the rent. I cannot see why landlords need to raise the rent to pay the bank for an investment property they cannot afford.
Landlords get a good return when they sell. This is why people are buying an investment property.
If subsidies were not being paid then many tenants would not be able to afford the rent being asked. However, in that case, landlords may have difficulty finding tenants with sufficient incomes, and rents may fall.
NCEA results will be released today.
Ive been working near the Pullman, from what ive seen the quarantine facilities are not secure at all. When the area for fresh air is on a busy intersection where those in isolation can chat with freinds through the security fence… its a disaster waiting to happen.
Crinkle wood there is always room for improvement no country can claim to have all their bases covered like we have seen in Australia.
With more variants developing even variants that could be immune to vaccination 'also vaccine availability 'vaccines length of protection.
It looks like we could be in for the long haul and just accept this is the new normal.
Sure, but with a more contagious variant here wouldnt you want to make sure there is no face to face contact between those in managed isolation and those outside living in the 'new normal'
Does seem pretty basic stuff.
Quarantine as in having Covid like at Jet Park?
There would also be a risk if an object was passed to the outside.
Do you know if they have fence visiting hours as using a cell is not enough for some?
This Govt. could impose an immediate Rent Freeze with no warning, until there are enough public houses and apartments. Rents should be set at an actual 25% of income max. for State Tenants anyway, and benefits massively raised.
Activists and homeless need to start entering and occupying empty houses from one end of the country to the other. Bach? oh sorry, no one was home…speculators have to be encouraged to “diversify” somehow if the Govt. will not go there.
+1 and I know a lot of people who would support this 100%..including a few home owners as well, contrary to popular belief.
+1
I once dated someone who had a bach around Red Rocks in Wellington. It was great to fish and the sunsets were amazing. The place had a bath tub with a direct view of the ocean and an oven, those were the best days.
There is quite a nice house in Wellington that is almost always empty. It should be in pretty good condition as they have just spent about $3 million on an upgrade if the rumour mill is to be believed.
Usually has one person living there for about 3 nights a week, for about 9 months/year. Address is 260 Tinakori Road. Move in and occupy it. I'm sure you will be welcome
83 Archers Rd, Glenfield, unoccupied for 10+ years https://goo.gl/maps/xiaYRFk9dNwgtNdP9
Windsor Tavern, Parnell, unoccupied for 5+ years https://goo.gl/maps/7L1PDsMsAhmWC3RH9
It's a land-banking crisis.
Sounds like there is room for people. The occupant might get lonely. I always clean up after myself and do a tidy up where ever I stay. I even wash the sheets before I leave.
Are the rumours correct that the Cabinet paper going up from Minister Mahuta is proposing just 3 water entities to run the entire country? This looks like a nice deep political alliance between Mauhta and Parker on both regulatory and institutional fields.
The university tube's logarithm made me aware of this.
https://www.youtube.com/watch?v=bYdtWxdr-c4
There is a wee sales spiel for a few minutes, but the vibe is great.
In 20 minutes, it ticks lots of boxes.
Regenerative agish, something lots of individuals can do, hands on, soil building, empowerment in the face of CC, expaining why wildfires are a good thing.
"And she said the Government would leave "no stone unturned" in its plans to fix the housing market – a market that has seen 20 per cent year-on-year price inflation."
So a CGT is now being examined to be implemented ?? Otherwise The Government is NOT leaving stones unturned. Perhaps our PM should not play with words 🤥. and give a false impression.
https://www.nzherald.co.nz/nz/prime-minister-jacinda-ardern-puts-fixing-housing-crisis-at-the-top-of-her-political-agenda/RDYHSCQPIRY7Z5R4ZWWATOO6AU
They've already turned that one.
https://www.theidioms.com/leave-no-stone-unturned/
Meaning
Source: theidioms.com
According to this definition: Our govt is not doing "everything or making every possible effort it can to achieve a good result". Looking and doing are not the same, but I do see your point 🤔 !!
Stone you were looking for:
https://taxworkinggroup.govt.nz/resources/future-tax-final-report.html
Any proposed CGT I have seen proposed in New Zealand will exclude the family home from the tax. That will have the effect of increasing rather than decreasing house prices.
Look at what has happened in Australia where they have a CGT and a means tested national superannuation scheme. All that happens is that most people, as they reach 65, will move to a larger house, or massively do up their existing home and have a great world trip so that they can get under the means test limit where they lose their entitlement to super and they don't open up a CGT obligation if they have to move to a rest home like property.
House price increases in Australia are rising by about the same percentage as here. So much for a CGT holding house prices down. Purely as an example I would offer the following story.
"Property expert forecasts 'double-digit' growth for Aussie house prices in 2021"
https://www.9news.com.au/national/australia-property-prices-experts-predict-double-digit-growth-in-2021/dadddfde-0b6b-4e1d-aad6-6b77105e932b
This is getting bloody ridiculous
"Prime Minister Jacinda Ardern has mapped out a timeline for when the public can expect new announcements from the government on housing."
An announcement about an announcement…that'll make a difference, FFS
https://www.rnz.co.nz/news/political/434929/prime-minister-jacinda-ardern-details-timeline-for-housing-annoucements
Which housing crisis? The shortage of state houses one (which they can address and have made a start on) or the middle class price / ownership one which I don't think they are willing to do what it takes (or really anyone wants them to).
Unfortunately Labour has conflated these before (e.g with the 'affordable' 600k homes) but which crisis do you expect them to address?
Fail to see any 'conflation' of the two with the Kiwibuild fiasco.
If you wish to break it into sectors you can add private rentals to the mix as well.
The entire market is in crisis (with the possible exception of the luxury market) and interconnected. After 4 years the re-announcement of a modest state housing programme that falls far short of state housing levels of even the 1990s may be considered 'addressing' in your book, it isnt even close in mine.
The deliberate fuelling of the residential property market bubble they have clearly shown they are unwilling to address but i fail to see how you conclude no one wants them too…..some clearly do not but substantial numbers obviously do or it would not be considered the dominant issue, not to mention the fact that the goals of this Governments stated social policy are impossible without doing so.
So 'which crisis' do i expect them to address?…all three
But they didn't. They need to.
Quite a big ask then. I never thought that kiwibuild would address house prices and I don't think Labour believed it would either.
I have seen them end the policy of using Housing New Zealand as a nice earner (by selling off the stock, sometimes emptying them using meth testing scams) and that Kiwibuild has basically started growing that stock again. Obviously accomodating people, who will continually need provided housing, is quite a different problem to significantly reducing house prices. But as I thought at the time they talked up Kiwibuild as addressing the later while it could only really address the former. In politics when you make promises you can't deliver on then moving the goal posts (e.g the definition of affordable) is the next strategy you often use.
I don't think the public really wants house prices to suddenly shrink. Ignoring the lack of mechanism imagine if prices fell by 30% what happens? Many new owners are suddenly under water. At this point the banks put more pressure on the reduce debt and the savings behaviour tips the economy towards recession. If the government doesn't respond with spending much more strongly than 2010 then fresh batches of unemployed ultimately pay the price for the housing price adjustment. Ardern has now said multiple times this is not something she wants to see happen. As far as I have seen people who say they want a large fall in prices don't understand what this implies, or acknowledge this problem with that scenario but I assume they don't want this outcome (and they didn't understand likely consequences) not that they thought it was equitable.
Kiwibuild was the part of the overall plan intended to shift private developers towards cheaper builds. Relied too much on them not behaving in their own commercial interests. 'Naive' is being polite.
Building state houses was always a separate part of the same overall plan, incredibly badly communicated by that guy who lost his job over it.
The biggest economic problem with cutting house prices is that too many of NZ's small businesses are also secured against them by our lazy banks.
Am well aware of the potential fall out from a sudden price correction of any significance however the current situation is both unsustainable and will correct at some point in any case…..a serious attempt to wind back the price to income ratios does not necessitate a collapse though that risk exists….the current Gov. position is contrary to such…i.e. 'moderated price growth'
The economy can be stimulated (and employment preserved) through other mechanisms should the Government so choose and underwater mortgages (for owner occupiers) can be removed from the banks balance sheets as has been done before….its not as if we dont have alternative areas that need the investment.
The current situation simply highlights the dearth of any other strategy despite all the time they have had to develop such and also is a one way trip as no central bank has any idea how to unwind what was supposed to be a temporary support measure without causing what they are charged with avoiding and why the RBNZ has constantly called for the fiscal arm to play its role….our current fiscal arm appears bereft of such capability.
Meanwhile increasing numbers of households are losing the wherewithal to contribute to the economy that will cost us in the medium/long term….something both Robertson and Ardern claimed they would avoid.
I agree a price correction while dealing with the fall out would be acceptable.
Unfortunately Labour has shown only interest in avoiding the price correction, while the comment above suggests some people don't seem to think there will be a negative fall out from a price correction (and don't address mitigation).
"but which crisis do you expect them to address".
I am a realist. I don't expect them to address any of the problems relating to housing. They haven't done anything significant in the first 3 years and I really don't expect to see any real improvement in such numbers as the number of of families on the waiting list has risen from 5844 in September 2017 to 22,409 in November 2020.
https://www.nzherald.co.nz/nz/new-zealands-public-housing-crisis-waiting-list-grows-nearly-1000-in-two-months/UFYUW4QAUXIYZARA2ASC2L56VY/