web analytics

Open mike 22/11/2020

Written By: - Date published: 6:00 am, November 22nd, 2020 - 66 comments
Categories: open mike - Tags:

Open mike is your post.

For announcements, general discussion, whatever you choose.

The usual rules of good behaviour apply (see the Policy).

Step up to the mike …

66 comments on “Open mike 22/11/2020 ”

  1. Jester 1

    Shamubeel Eaqub wrote an article a few years ago saying it was better to rent in Auckland than buy. Considering he went out and bought about a year later, I wonder if he still stands by that advice?

    In ten years time with Aucklands population set to increase, the median house price will probably be getting close to $1.5m. IMO now is a good time to buy (assuming you can get a deposit which is the hard part as interest rates never lower). I do not see the supply of new housing being enough for the next few years.

    • dv 1.1

      UNTIL the interest rates drift up to 5%, 8%.

      • Chris T 1.1.1

        At which time we will see a lot of screwed young people and cheaper houses

        • KJT 1.1.1.1

          Then watch younger low income people, who have scraped up enough to buy, having to sell.

          • Chris T 1.1.1.1.1

            They won't have a choice tbh.

            And it won't even be their own fault.

            Let's say a couple put a 200k deposit on a 1,000,000 house.

            At the moment they are paying (If we go for a rough 3% interest)

            They have to pay $1,745 a fortnight

            When it it inevitably moves to 8 or 9%

            $3,089 a fortnight or $6,714 a month.

            Banks say sorry, but we are selling your house.

            • mac1 1.1.1.1.1.1

              Why do you say that interest rates will move to 8-9% and in what time frame? Why 'inevitably'? What's the cause of this inevitability in your opinion?

              • Chris T

                Because they will. Depending on inflation etc. It is just a cycle.

                Weirdly and I am no mortgage advisor, so might be wrong, but no one seems openly to tell young people about risk.

                [Re-sized image to fit into window]

                • Pat

                  I think the young are told, but its one thing to be told and another to understand…and there is the factor of immediacy, the future will take care of itself (or optimism) and the (mistaken) belief that 'the gov' will always step in to assist.

                  And then there is the spruiking

                • Phillip ure

                  Could someone with more knowledge of this subject please explain why that precipitous drop in 2008-2010 happened..?…with the obvious follow-up questions of could it go up again as fast…?…and what would the circumstances be that would cause that to happen..?

                  • Pat

                    GFC… yes…inflation

                  • Chris T

                    It is a bit of an unknown tbh and not all in the NZ govts control.

                    Massive inflation can cause massive rises.

                    Something happens with global corporates and stocks, which is all an unknown.

                    It is one of those things you just have to watch and hope nothing ugly happens, you have no control over.

                    I remember when my solo mum was trying to pay for her house by herself and it was like 19-20% or some other stupid rate.

                  • Craig H

                    GFC caused banks to tighten the screws on mortgage lending significantly at a time when finance companies and other non-bank mortgage lenders were going under, so a lot of forced sales when there weren't as many qualified buyers.

                • Ad

                  Who here thinks they have $60,000 a year income to retire on?

                • Herodotus

                  Should inflation mean that interest rates increase pay rates would follow to compensate. Though I must note pay rates follow inflation so the worker does lose out, those holding assets benefit AGAIN with assets appreciating faster than pay.

                  thenonly time I can recall this not happening was proceeding the GFC when mortgages were 10% and pay increases were marginal, but we had massive net migration into Auckland then

                  • Pat

                    who controls interest rates (in most circumstances)?….central banks

                  • Chris T

                    Which won't happen with the govt raising the minimum wage to 20 bucks, the sick pay thing and companies trying to deal with covid.

                    I think you can write off pay rises to your average worker for a lot of years

                    • Pat

                      It depends …if the RBNZ can keep the ponzi scheme afloat long enough then there is a possibility the asset inflation will force wage/consumer inflation, but as you note there are counter forces…but if they are unable to maintain the asset prices (or offshore events) then we could expect deflation….and ultimately there will be deflation at some point as the debt is unsustainable but the question is can it be propped up one more time?….personally I think not for very much longer when you look at the amount of debt being added and interest rates at zero in much of the world.

                    • KJT

                      Many workers locally already getting pay rises. As employers cannot use the standard response, of bleating for more cheap labour from overseas, at the present time.

                • Drowsy M. Kram

                  Have mortgage rates in NZ ever been as low as they are now? Going by that nice graph (@10:25 am), not during the last 56 years.

                  Given the low (~1%) and very flat term-deposit interest rates that major banks in NZ are currently offering (basically no difference between 1-year and 5-year terms), maybe interest rates won’t rise anytime soon.

                  Heck, maybe the mortgage interest rate cycle is now longer than the 25 years it might take to pay off a mortgage. For example, the 30-year fixed rate mortgage average in the US has been falling since it last peaked (at ~18%) in the early 1980s (and falling from 7% over the last two decades), Japan's mortgage rates haven't been much above 4% since the mid-90s, and except for a short-lived spike in 2008, even Australia's mortgage rates have been below 7% for ~25 years.

                  It is difficult to make predictions, especially about the future.

              • aj

                A rise in interest rates can now only occur if there is massive wage inflation at the same time. It takes no brains to work out that any significant interest rate increases when the world is flooded to the top of the mast with debt, that increasing interest rates to even 5-6% would result is widespread debt default.

                Debt that cannot be paid, won't be paid.

                • Pat

                  which may be defaulted without an increase in interest rates…its taking some pretty serious measures currently to avoid it…..and many of them have just expired or are destined to shortly.

            • WeTheBleeple 1.1.1.1.1.2

              Modern day land grab aka how to put poor people back in their place.

              I don't get how people can take large sums of low interest money without long term fixed rates, especially when prices are so exorbitant. A scenario exactly as you wrote is staring them in the face.

            • Drowsy M. Kram 1.1.1.1.1.3

              "200k deposit on a 1,000,000 house" = 800k mortgage.

              Serviced at 3% interest = 800k x 0.03 = $24k mortgage payments per year, or

              ~$923 per fortnight, not "$1,745 a fortnight"?

              • Chris T

                I'd bother to point out the obvious, but feel you need to work it out yourself.

                https://www.westpac.co.nz/home-loans/calculators/mortgage-repayments/

                Hint.

                You actually have to pay it back.

              • alwyn

                You are correct if you have an interest only mortgage which means you are never actually going to pay for the place and will never own it.

                Banks don't really like providing that sort of mortgage for people who claim to be buying a permanent home.

                The numbers given are correct for a 25 year mortgage at 3% and actually plan to buy the place.

                Edit. I see that Chris beat me to it.

              • Chris T

                Sorry.

                Re-reading that post I probably came across as a bit blunt and a prick tbf.

                Basically by your calculations yes you are correct and are paying the interest.

                But you are not paying off the 800k the bank owns on your house.

                So the bank is basically the majority owner of your own house.

                So unless you are paying off the 800k you are kind of just paying rent to the bank to live there.

                And if interest rates suddenly rise, which is inevitable, going by historical trends, the bank still owns 800,000k of your house and if you cant afford the interest rises, they will say. "Tough luck mate. We still love you as a customer, but as we own 80% of your house we have decided to auction it. Please move out by next month"

                If it helps we can give you a credit card at 19% interest.

                • Phillip ure

                  Would this be an opportune moment to note/remind that the word mortgage comes from the french language..it's literal translation is 'death-grip'…

                  • Gyrogearloose

                    Good laugh for the day !

                    Looked it up and got slightly different translation

                    "You’ve undoubtedly heard the word “mortgage” thrown around a million times. But you may not know that in the literal sense, it is defined as a “death pledge” in the French language.

                    Ironically, the French don’t actually use the word themselves (they use hypothèque, while Spanish speakers use the similar word hipoteca).

                    Broken down, the mort part (pronounced more) means death and the gage part (pronounced gahj) means pledge."

            • Incognito 1.1.1.1.1.4

              House buyers and banks always bet on the House and the House usually ‘wins’.

              Let’s take your example and assume they fix for 3 years for a Loan Term of 25 years. After these 3 years, they can no longer service the mortgage for whatever reason and are forced to sell. Over that period, they’ll have paid $69,093 in Interest to the bank, which is their ‘loss’. They’ll also have paid $67,480 in Principal, which they’ll ‘get back’ upon sale. So, their house would need to have increased in value by $69,093 to ‘break even’, which is an annual increase (appreciation) of 2.25% over the 3 years. This does not take into account one-off costs incurred such as moving costs, real estate agent fees, lawyers, loan fees, etc. Also, in real dollar terms they’ll go backwards although inflation is quite low. If they sell the house for more than $1,069,093, they’ll come out in ‘positive territory’, more or less. Seems doable.

              During that time, they won’t have to pay rent, only insurance and general upkeep of the house, which they can call ‘theirs’ for the time their name is on the Title.

              The interest cost averaged over 3 years equates to $441 per week or $883 per fortnight (with some rounding).

              • Chris T

                And which means they will end up with luck, their 200,000k and by then not enough for current deposit for another house.

                • Incognito

                  They’ll end up with $267,480 if they sell at what they paid for it. But that’s just from the sale, as I explained.

                  Over the year to October, the median Auckland house increased in value by $140,000. Awkward.

                  https://www.stuff.co.nz/business/opinion-analysis/123456016/ardern-should-cash-in-some-political-capital-to-intervene-in-housing-market

                  It seems my estimated increase in the value of their house at $69,093 over 3 years seems a tad on the ‘conservative’ side, shall we say 😉

                  • Chris T

                    Which means they have to pay that much more if they want another one in deposit.

                  • Jester

                    And I wonder how much rents would have increased over the years until they sell?

                    Still better to buy IMO.

                  • Jester

                    "Why do you think it is better to buy than to rent?"

                    I've always thought it better to be paying towards eventually owning than paying rent and effectively paying some one else's mortgage. In example above: $1m house; Couple have $200k deposit and $800k mortgage. Should be able to get 2.65% with bank (or less at moment and rates likely to fall again next year as Reserve bank talking possible negative rates). Paying P'pal and interest weekly is approx $840 a week, whereas you could easily be paying $700 -$800 in rent per week. I would rather pay the bit extra and get on the ownership ladder (assuming couple can afford the higher mortgage v rent payments).

                    • Incognito

                      Ta

                      Is “the ownership ladder” a euphemism for tax-free CG, by any chance?

                      I think many people would rather live in something they can call ‘their own’ even though the bank tends to co-own it. In Europe, tenancies can be very long-term and tenants treat ‘their’ rental as their own; very different attitudes over there compared to over here.

              • Chris T

                You also have to add-in the amount they still have to be paying in interest, they can't before the house is sold.

              • Gyrogearloose

                Unless you lumped rates under general upkeep there is thag vist too.

                I live in rural SI. No sewage or rubish collection. Rv $750k rates $3000

                What are rates for a $1m house in Auckland?

                • Andre

                  Looking at the formulae on my rates bill, on a $1million house the annual rates would be around $2500. Of that, $141 pays for recycling and other general waste services.

                  Household rubbish is charged separately at $4something per 120litre wheelie bin. Water and wastewater are charged separately at $231/year for the connection plus $3.75 per cubic metre for the water (nominally it's $1.59/cubic metre for the water and $2.16 to take it away after it's been filled with piss and shit).

                • Drowsy M. Kram

                  Don't know about Auckland, but in Palmerston North my annual rates bill (based on a Land Value of $355,000, and not including the $416.18 Regional Council annual rates bill) is $3,308.19. PNCC does take sewage and rubbish away though.

                • joe90

                  GV of $695k in a provincial NI city paying $4500 in reg/dist rates.

                  No water/sewage/footpaths and user pays rubbish collection.

                • Incognito

                  Ah, yes, rates. How could I forget the rates, the final nail in the coffin of each existing and aspiring home owner?? What was I thinking?

      • Jester 1.1.2

        Do you really believe the interest rates will get to 8% within the next 10 years?

  2. joe90 3

    • joe90 3.1

      So much for freeper's partisan judges whine.

    • joe90 3.2

      Barking.

      • greywarshark 3.2.1

        Trump is trying, very trying, but will never be top Windsor Davies stage presence and gyrations, here he is with Don Estelle who lived in NZ for a while later.

  3. R.P Mcmurphy 4

    I dont give a tinkers toss about cars, houses, accumulating consumer goods or fulfilling my destiny by going somewhere exotic and coming back. What I care about is the freedom to smoke a joint without the door being bashed in or the neighbours narking. I beseech everybody to use the break to write to their mp's and asking them to do something about the inequitable laws at presented enacted to criminalise and imprison otherwise innocent people. I know there are some sanctimonious, self righteous reactionary members of the NZLP caucus but they must be neutralised and not allowed to impose their views on the rest.

    • mac1 4.1

      'allowed to impose their views on the rest."

      R.P. Mc, the majority spoke on the marijuana referendum. It voted against. BTW, I voted for it- the arguments persuaded me, though I am not a user.

      The majority imposed its view. That is what happens with referenda.

      Would it have been better tactically to have sought decriminalisation?

      Did all that supported legalisation and were entitled to vote in the referendum do so, especially amongst younger voters? There's a lesson in citizenship there.

      • KJT 4.1.1

        referenda like this would work better if a range of options were presented and could be rated, like STV.

        I suspect many who voted against, were against total legalisation. Not necessarily decriminalisation of usage.

      • R.P Mcmurphy 4.1.2

        1,000,000 people saying 1+1= 3 does not make it so. there should never have been a referendumb in the first place.

  4. Ad 5

    Jane Barnes is a preschool teacher who was bullied out of her job.

    She had been a teacher for 23 years, until a new manager came along and basically ruined her life.

    https://www.stuff.co.nz/national/education/123466658/victory-for-bullied-kindergarten-teacher-after-more-than-five-years

    She won $100,000 plus some costs. That's just for the entitled sick leave.

    There's no way it will rebuild her life as it ought to have been.

    The Canterbury Westland Kindergarten Kindergarten Association, the Manager who bullied her, and the HR Manager Karyn Willets (quoted in article) should simply be required to pick up rubbish for the rest of their professional lives.

  5. Pat 6

    "Premier Gladys Berejiklian wants to use a third of the state's hotel quarantine slots to bring in international students and skilled migrants, starting in as soon as six weeks, in a move that would cut the number of overseas Australians able to come home through NSW."

    https://www.smh.com.au/national/nsw/berejiklian-and-morrison-split-over-return-of-international-students-skilled-migrants-20201120-p56gj2.html

    Pressure mounting

Leave a Comment

Use WYSIWYG comments on next comment (inactive new feature)

Recent Comments

Recent Posts

  • New visitor attraction to boost tourism
    The opening of the first major new tourism attraction since the global outbreak of COVID-19 closed borders to international travellers will provide a welcome boost to visitor numbers in our largest city, says Tourism Minister Stuart Nash. Mr Nash has this afternoon taken part in the official opening ceremony of ...
    BeehiveBy beehive.govt.nz
    9 hours ago
  • Govt moves on drug checking to keep young New Zealanders safer this summer
    The Government will pass time limited legislation to give legal certainty to drug checking services, so they can carry out their work to keep New Zealanders safer this summer at festivals without fear of prosecution, Health Minister Andrew Little says. Next year the Government will develop and consult on regulations ...
    BeehiveBy beehive.govt.nz
    13 hours ago
  • Public Service Commissioner reappointed
    Minister for the Public Service Chris Hipkins announced today that Public Service Commissioner Peter Hughes CNZM has been reappointed for three years. The Public Service Commissioner is appointed by the Governor-General on the recommendation of the Prime Minister. “Mr Hughes’ reappointment reflects the need for strong leadership and continuity to ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Pōwhiri marks the start of a critical year for APEC
    New Zealand kicked off its APEC host year today, with a pōwhiri taking place on Wellington’s waterfront with local iwi Te Atiawa, and a number of Government ministers welcoming representatives from the other 20 APEC economies. “APEC is a hugely important international event, and New Zealand is hosting amidst the ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Speech at APEC 21 Opening Pōwhiri
    9am, Tuesday 1 DecemberTe Whare Waka o Pōneke, Wellington Central He Mihi Kei aku rangatira no ngātapito e whā o te ao huri noa, tātou e huihui mai nei. Tēnā rā kōutou katoa. He tangiapakura ki ngā tini aituā kei waenganui i a tātou, ka tangi tonu te ngākau ki ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Government extends business debt relief to October 2021
    To assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months. “New Zealand’s economy is recovering better than we expected, but the impacts of the pandemic are far-reaching and some businesses need continued support to keep ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Bill introduced to support workers with 10 days sick leave
    The Government is delivering on a key commitment by introducing a Bill to Parliament to expand sick leave entitlements from five days to ten days a year, Workplace Relations and Safety Minister Michael Wood announced today. “COVID-19 has shown how important it is to stay at home when people are ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Progress on pay equity for DHB staff
    Today’s initial agreement between DHBs and the PSA on pay equity for clerical and administration staff is an important step toward better, fairer pay for this crucial and largely female workforce, Health Minister Andrew Little says. If ratified, the agreement between the Public Service Association and the country’s 20 District ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Iconic Milford Track officially reopens
    One of New Zealand’s premier hikes and a cornerstone of the Te Anau community, the Milford Track has officially reopened, “From today, hikers booked on the popular Great Walk will be able to complete the walk end-to-end for the first time since early February,” Minister of Conservation Kiri Allan says. ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Support for farmers beefed up ahead of La Niña
    Further funding for feed support services and new animal welfare coordinators will help farmers who continue to feel the effects of an extended drought, says Rural Communities Minister Damien O’Connor. “In March this year, I classified the drought in the North Island, parts of the South Island and the Chathams ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • 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
    4 days 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
    4 days ago
  • Jobs for Nature funding protects health of Hawke’s Bay waterways
    A joint Government and Hawke’s Bay Regional Council project will invest $4.2 million to protect local waterways, enhance biodiversity and employ local people, Environment Minister David Parker announced today.   Over two years, the Hāpara Takatū Jobs for Nature project will fence 195km of private land to exclude stock from vulnerable ...
    BeehiveBy beehive.govt.nz
    4 days 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
    5 days 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
    5 days 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
    5 days 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
    5 days 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
    5 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
    6 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
    6 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
    7 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    1 week 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks 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
    2 weeks ago