web analytics

The great Auckland housing crash of 2017

Written By: - Date published: 7:02 am, July 6th, 2017 - 79 comments
Categories: class war, economy, housing, national, useless - Tags: , , ,

It turns out that not even Auckland’s property boom could go on for ever.

Liam Dann: Political fallout as property market hits the canvas

Wow, what a day for property news – a one-two punch to the Auckland market.

Just as QV data was confirming that the Auckland market is well and truly stalled, along come the Barfoot & Thompson statistics showing the average sales price in June dropped 3.1 per cent on the average for the previous three months, and was only 0.6 per cent higher than it was 12 months ago.

Boom, Auckland house sales have hit the canvas.

When our optimistic friends in the real estate industry start to acknowledge a trend, we can be sure it has become an unavoidable reality.

[Auckland] property stories are now tinged with seller panic.

Meanwhile a combination of the Reserve Bank’s investor LVR restrictions, tighter bank lending and a slowing of Chinese investment money as Beijing tightens capital controls (seriously, Google it) have dampened demand.

Does this mean good news for first-time buyers? Sadly no.

The one thing that this slump hasn’t done is help first home buyers into the market. They can no longer get the loans they need even if their odds of finding a bargain at a wet wintry auction in West Auckland have improved.

The boom went on too long, prices got too high. Now they are falling, over leveraged buyers are going to get burned, and first time buyers are still shut out. Perfect. The magical efficiency of the market strikes again. How low will prices go?

79 comments on “The great Auckland housing crash of 2017”

  1. Ed 1

    There will be a full blown economic crisis this year.
    It may make 2008 look like peanuts.

    • Alan 1.1

      on what basis do you make that assertion Einstein, oops Ed

      • Red 1.1.1

        He does it every year

      • Draco T Bastard 1.1.2

        The collapsing housing boom?

        You know, the one that John Key announced in 2007/8 but then went into denial about once he got into power and did everything to maintain?

        • Red 1.1.2.1

          To much chicken little and over exposure to RT for Draco and Ed

          • Draco T Bastard 1.1.2.1.1

            I barely ever read RT.

            That aside, do you actually have anything to say about what I said?

            Or is it just typical RWNJ ad hominem again because you don’t actually have an argument about what I said?

            • Keepcalmcarryon 1.1.2.1.1.1

              To be fair if those stats are a housing “crash” god help us when the bubble does pop.

    • AsleepWhileWalking 1.2

      Most likely in the next 18 months.

      Plenty of evidence out there. Doug Casey (just one example of a sane and rational man with an astounding track record of correct crisis predictions) calls what we are in now the eye of the storm, with the coming GEC the other side of 2008.

      RE in Auckland is probably fairly safe though.

    • AsleepWhileWalking 1.3

      When the subject of harsh critics remember this…

  2. Ad 2

    A good long price plateau seems pretty useful.

    Good to see the froth subside.
    But it’s not exactly 1988.

  3. Keith 3

    I note that despite the naive thinking that all we need is to build more houses to fix this train wreck of a housing market, greed has intervened again to stop supply meeting demand.

    Land banking or overpricing is either preventing building or making it uneconomic to build new homes. Add that to the fact developers unable to get financing for building projects mean this colossal problem is not going away. In other words the market is bereft of ideas or a way out and is seizing up.

    So in the interim the nuclear button must be pushed on investors because their unadulterated greed is a large part of this problem and so far National have sat on their hands and done very little to counter it.

    • greywarshark 3.1

      Don’t let’s talk about nuclear buttons. Use another description please.
      What about opening up the sluice gates cautiously to get things flowing.

      t could be done by a responsible central government, and a rates increase on empty land could add a cost incentive to start doing something. One way or another a freeing up is required which may be enough to stop total collapse.

      Oh and putting a five year limitation on non-NZs and recent immigrants obtaining land or buildings. Let them rent some of the houses owned by other non-residents.

      Let’s just slow down rather than have a motorway bumper to bumper crash.

  4. esoteric pineapples 4

    Better to happen before the election than after it

  5. Andre 5

    There’s still a large unmet demand for housing in Auckland.

    All the crashes I’ve had previous experience of happened because demand fell well below supply. So I’m really struggling to see how a big crash can happen in Auckland in the near future. At worst I can see a small correction of maybe 15%, then a long plateau.

    Can anyone point me to historical examples of big crashes happening while there was a backlog of demand?

    • james 5.1

      I would have to agree with that. When there is a shortage – values hold. So I agree with the long plateau. Its just how much they come back before then – and I dont think its going to be a mammoth amount.

    • Draco T Bastard 5.2

      So I’m really struggling to see how a big crash can happen in Auckland in the near future.

      The collapsing foreign demand.

      • tc 5.2.1

        Yes the tax free haven funds available to suck up houses has dissipated and nationals deliberate sugar rush on demand ‘pfffft’ its gawn.

        We can now maybe get back to demand for the right reasons, somewhere to live, rather than a tax free speculative profit.

      • Red 5.2.2

        People have to be forced sell to cause a housing collapse on US housing collapse scale, there the issue was by law people can simply hand their keys into the bank and walk away from their mortgage obligations, re non recourse loans , The housing crisis in the US lead to the financial crisis ( accepting initially driven by cheap credit and fin sector) that then hit Main Street economy with both then feeding on each other Here it would have to be in reverse a Main Street crisis or rapid rise in interest rates leading to a high level of mortage defaults would need to happen to lead to a housing price crash and none of these are looking likely at local or global level , thus flatning house prices, small pull back, but crash, I don’t think so

        • Draco T Bastard 5.2.2.1

          That’s one possible reason for collapse. The other one is declining demand.

          Declining demand forces those who are over-leveraged, who had been banking on the capital gains expected from the bubble, into bankruptcy. No longer able to pay their mortgages they default pushing the loss onto the banks. The banks stop lending thus making getting a mortgage even harder pushing demand down even further.

          IIRC, the estimated proportion of the local market was 40% from China. With China hardening money exports demand drops quite considerably.

          It’s possible to get declining demand even when there isn’t enough housing because the house prices have been pushed up by foreign speculation to the point where the majority of people can’t actually afford a house.

      • greg 5.2.3

        simple next generation don’t have the incomes to support these prices never did it was and is a bubble based on ponzi economics

        • Draco T Bastard 5.2.3.1

          Yep, our entire financial system’s a Ponzi Scheme. IMO, the banksters actually know this.

      • Robert Atack 5.2.4

        There’s damand and there is demand ???
        65 million refugees are looking for a home at the moment
        First home buyers maybe?

  6. james 6

    Cannot wait for the greens to come out and say they want values to drop by 50% again.

    • outofbed 6.1

      Can’t wait for the day that you make a positive contribution to a thread.

    • left_forward 6.2

      And why FFS is that James? – do you get enjoyment from seeing families not being able to afford a roof over their heads?

      • james 6.2.1

        The reason is simple – thats their stated view.

        Voters need to know voting for labour and the greens means that one of the parties wants to do significant damage to the value of peoples largest asset.

        Then people can make an informed choice on what they want to be in government.

        “Auckland house prices should be deliberately reduced by up to 50 percent over a period of time to make the market affordable again, Greens co-leader Metiria Turei says.”

        http://www.radionz.co.nz/news/political/309530/auckland-house-prices-need-to-drop-50-percent-greens

        If she believes it – she should stand behind it.

        But hell – even Little knows thats irresponsible.

        • The decrypter 6.2.1.1

          james,stick to the rugby. Plenty of boofheads there.

        • Bearded Git 6.2.1.2

          @james You can criticise the Greens all you like but the voters know that the housing debacle has occurred on National’s watch.

          The reduction in state housing at a time when more state housing is needed is particularly deplorable.

          But perhaps the best example of National’s paucity of ideas are the “affordable houses” to be created in the Special Housing Areas. The SHA’s around Queenstown have entry level prices of $750k. So much for helping young first-time buyers.

          • james 6.2.1.2.1

            “@james You can criticise the Greens all you like but the voters know that the housing debacle has occurred on National’s watch.”

            I wasnt criticizing them at all. I was saying I cannot wait for them to keep on repeating their position.

            Good on them if they do so.

            Of course they wont – because Andrew Little will have to come out saying how irresponsible they are again.

          • Robert Atack 6.2.1.2.2

            I was saying back in 2005 ish that the then Government was running an immigrant lead economy, and that in the end Kiwis would end up as landless peasants … and here we are
            As much as I hate the natz I think this shit storm was well and truly on the way back then, should have bought a few houses I guess, but then what would I do with the money?
            Got my BMW now
            Number plate VHEMT 😉

        • Adrian Thornton 6.2.1.3

          @james That is because a 50% reduction in house prices is actual reality, house prices in NZ today is pure fantasy…and everyone, even those with just a small amount of independent critical thinking capability in their cranium, instinctively knows this to be the undeniable truth.

          • BM 6.2.1.3.1

            Won’t happen

            There’s so much cost in the land, council fees, safety compliance fees.

            Then add labour costs which have increased significantly, 600k is probably the lowest a three bedroom box on a handkerchief sized piece of land can be built for in Auckland.

            Prices will pull back 20-25% at most.

            • left_forward 6.2.1.3.1.1

              Huh? Why separate the cost of land from the house price, as if it were an immutable and inevitable constant?
              The council fees and safety stuff just probably reflect a personal beef of yours, but are immaterial in comparison to the insane cost of land – which is the main driver fueling the unaffordability of housing for even the average Aucklander.

          • james 6.2.1.3.2

            Actually you are 100% wrong. The house prices of today are reality.

            Go buy a house – thats what you are paying.

        • Draco T Bastard 6.2.1.4

          Voters need to know voting for labour and the greens means that one of the parties wants to do significant damage to the value of peoples largest asset.

          The damage has been done by National as they artificially boosted the values beyond what they’d normally be.

          • greg 6.2.1.4.1

            housing is nacts ponzi scheme and the responsibility for the largest misallocation of capital lies with the nacts and only nacts and
            supporters

    • Ed 6.3

      Is that the level of your political comment?
      Maybe stick to sport.

  7. Adrian Thornton 7

    Average house price in AKL= $950,000
    Average wage NZ=$75,000
    New Zealand Households Debt To Income=167.20 percent, the highest recorded.
    It doesn’t take a economist to see that these numbers just don’t make sense.

    Looks and sounds like pure fantasy land.

    Personally I find the fetish of housing speculation morally repugnant and it’s negative effects on communities criminal in effect, the best thing that could happen to NZ is for this sick obsession to end, and then maybe we can all go back to using houses for what they were built for…living in, having lives in, bring up families…that’s it, nothing more or less.

    What we need is decent honest wages, so social mobility (if that is your aim) is had through working at your job or trade steadily over time…wasn’t that meant to be the social contract..not trading our houses like they are used cars, or worse, becoming landlords to extract as much money as you can from your fellow citizens.

    Its’ time for a major realignment of our countries moral compass…and sooner than later hopefully.

  8. Draco T Bastard 8

    How low will prices go?

    Well, if it follows that graph then house prices will drop to around 3 to 4 times the average wage. Or a drop of around 60 to 70 percent.

    • mauī 8.1

      That’s closer to what they’re actually worth. A lot of our houses are a bunch of 100 year old planks tacked together with sub standard linings on the inside all slowly degrading. You would think in terms of real world value that’s worth more in the tens of thousands range than the million dollar mark.

  9. Siobhan 9

    The Great Auckland Housing ‘Crash’ may or maynot happen…but welcome to the frothy bubble of regional housing prices…..the growth of which only goes to prove that epic house price growth is largely a scam and very little to do with demand and growth.(with some notable exceptions)

    • ropata 9.1

      The housing market is corrupted by land bankers and real estate spruikers and the big Aussie banks are very happy to get Kiwis into massive debt. Throw in some government complicity and greed by the professional landlord class and we have set up a nice 2 tiered society with most kiwis permanently unable to have a turangawaewae.

      The essentials (food, fuel, housing) in this country are a total ripoff. National is the party of ticket clippers and white collar criminals

  10. Enough is Enough 10

    Its a bit premature to be talking about a crash. Negative headlines like this create the fair which leads to a crash. (Not that I am suggesting this is wide read or anything)

    • greywarshark 10.1

      But truly it is a fun-fear (fair). The media have burbled about the enjoyment and pleasure of it for years, and in another part of their publication may run stories about unhappy tenants, non-tenants, evicted tenants, poor people living in garages, under bridges, in cars etc. It’s become the norm. Why not talk about that.
      Unfortunately coping with the norm, many have been forced into borrowing that’s precarious, and now they are teetering on the edge of the money pit.

  11. Philj 11

    Can’t the government open the migration valve to keep the market rising? Oh, they’ve already done that. Lol

  12. Wensleydale 12

    It would be a dreadful shame if people were forced to endure the consequences of their own unadulterated greed. I would feel very bad for them indeed. Yes, I would. Indubitably.

    • greg 12.1

      i would laugh my head off they cant say they werent told 2008 was a warning to get out of debt but the greedy have borrowed up to there necks with these record low interest rates

    • Barfly 12.2

      There are good people who may be greatly hurt by this…it’s shades of grey not black and white

      • greg 12.2.1

        no body made them get in over the heads the banks will foreclose as they did in the us but a lot will loose there kiwi saver as well and there should be no bailout of the indebted

  13. patricia bremner 13

    Adrian 7. I couldn’t agree more. As Andrew Little said “houses should be homes not gambling chips.” and wages should be set “by fair pay for fair work.”

  14. McFlock 14

    Making a meal out of a drop in house prices as we head into winter seems abit much, from the tiny bit I know. Wasn’t the rule always that houses sell better in Summer?

    A plateau might be on the cards, but based on historical data alone I’m not sure what the story is. Are they projecting a sudden drop in house buyers? A new rule that dries up mortgage funds?

    The dotcom bubble was because everybody thought that every tech company was going to make gazillions, which pushed up purely speculative demand. The Auckland housing bubble is because natural demand for homes outweighs supply. It’s not one person wanting seven homes (all leveraged to the hilt), it’s people who can’t afford huge rents trying to scrape together enough to buy a small home. And speculators add shit icing on top of that.

    So if the speculators move out of Auckland and spread the Auckland disease to the regions (as they’re beginning to do), we might se a plateau of strugglers, even a slight dip if people are lucky, but not the collapse of a popped bubble into affordability.

    That’s my guess, anyway – not my monkey, not my circus.

    • Gristle 14.1

      What has not been discussed is how many the Foriegn owned houses will come back on the market once the capital growth rates diminish are eclipsed by some other type of investment in some other country.

      A portion of the housing gap will be filled with this type of stock. But how much is hard to work out. Bill English desire to document and analyse social and deliver evidenced based policy obviously doesn’t extend housing ownership. Refusing to collect meaningful house ownership data is just too cute.

      • McFlock 14.1.1

        Hmmm, now that is a very interesting point. The 6% of homes that are vacant will be the first ones – if you can afford to leave ’em empty, you can take yourself out of the market no worries whether you live local or overseas.

        edit: “now” not “not” is a particularly unfortunate typo

  15. ropata 15

    Couple more housing tweets

    Auckland 2020: houses are a billion dollars. "A Trillionaire can still buy one so I fail to see the problem." Nick Smith, Minister, fuckwit. pic.twitter.com/uKV1NygC0H— Dovil (@Dovil) July 4, 2017

    Two years ago when the median Akl house price was already over $900k Nick Smith stated his housing goal was ongoing increases of 5%/year pic.twitter.com/fQUfCfMFaW— Francis McRae (@FrankMcRae) July 4, 2017

    price competition doesn't exist, sez andrew p street https://t.co/NSsEc2z2pu pic.twitter.com/ygzaBDgqh2— abraham bloodshack (@pleasedontatme) June 29, 2017

  16. ropata 16

    Winston’s smartass critique of Nick Smith…

    Winston, you's a savage pic.twitter.com/jMhyCT2WdJ— Jason Walls (@Jasonwalls92) July 4, 2017

  17. Sabine 17

    so that prices overall compared to last year are up by 0.6 % and we are calling this the crash of 2017?

    right.

    those that want to sell in AKL but can’t because they can’t upgrade – to costly or down grade – small dwellings are not build, are holding on to their property. It is now clear for anyone that while one can sell a house they might not get another one for it especially in Akl.
    those that don’t have to sell in AKl but are in for the long haul – i.e. can you see Ponsonby / Herne Bay, Mission Bay etc with lovely Apartment buildings in some twenty years – cause i can :), and they won’t sell.
    so you now have those selling that must – mortgaged to the hilt, divorce/separation, death of partner, job change, illness can’t bargain, and only hope to make a bit of money after all expenses are paid.
    Also selling houses in winter was and still is harder then in summer, its really hard to hide just how damp, dark and cold some of these places are on rainy days.

    So no, we are nowhere near a crash in AKL, and as stated in the Post, overall prices are actually up by 0.6%.

  18. Alan 18

    well said Sabine

  19. feijoa 19

    Yep
    House in our street in Wellington (Brooklyn) just sold for $1.3 mill
    3 bedroom villa, double garage, small to ave garden, nice but nothing ultra-special -out-of-this-world
    No bust happening here

  20. feijoa 21

    Also in response to someone or other up above- For what it’s worth I would be quite happy for the value of my house to drop 50% if it meant my children could afford a house.

    The way it is, my kids will never be able to afford one, and they will be tenants for life, tied to the landlord.
    This fact alone will make their lives worse than their parents, grandparents and great grandparents, who all owned their own homes.
    Tenants in NZ face huge rents/cold damp homes/ evictions / instability within communities etc

  21. Paul Campbell 22

    I’m old enough that I’ve lived through 3 (now almost 4) housing bubbles in in two different countries (and a few stock price bubbles as well) I continue to be amazed by the number of people who are taken in each time around, there’s an enormous amount of denial each and every time, and people who can least afford it always get hurt. As soon as you hear someone clam “this time it’s different because ….” run away, sell up, it might already be too late

    Yes this is a bubble, just like all the rest, driven largely this time by historically low interest rates that are not going to stay low forever, they’re already creeping up – do people not remember paying 12%? 15%? on their house – 15% on a $1M house is twice the median wage (before tax) – sure you can pay the mortgage today, but you’ll lose it, and lose all your money.

    I’m still convinced that the reason Key quit was because he became convinced the Auckland bubble was going to pop before the election and didn’t see any point in staying around’

  22. Ian 23

    I have lived through 6 booms and declines. human nature being what it is across all political ideologies The declines are opportunities as once things get sorted the ride starts again. A great time for new house buyers to get into the game. Save ,save and then save a bit more and you will get on board. Wait for affordable housing to be offered to you on a plate and you be a lifetime renter. The choice is Black and White.

  23. Tanz 24

    Save, save, and save. Whatever. With food, petrol and prices for basics through the roof, good luck with that on our low wage economy, then throw misfortune into the mix and it’s bare survival if you’re lucky!

  24. The Real Matthew 25

    Will Andrew Little proceed with his policy to build 100,000 houses in 10 years with the Auckland market in price decline?

Recent Comments

Recent Posts

  • International student enrolments grow in universities and the regions
    International education continues to thrive as the Government focuses on quality over quantity, Education Minister Chris Hipkins said. The tuition revenue from international education increased to $1.16 billion last year with the average tuition fee per student increasing by $960. The total number of international students enrolled in New Zealand ...
    BeehiveBy beehive.govt.nz
    7 hours ago
  • DHB leadership renewed and strengthened
    Health Minister Dr David Clark says new appointments to DHBs represent a significant changing of the guard, with 13 new chairs including four Māori chairs. Today 76 appointments have been announced to complement elected board members, as well as eight elected members appointed as either chair or deputy chair.  Four ...
    BeehiveBy beehive.govt.nz
    20 hours ago
  • Tabuteau to advance New Zealand’s trade and political interests with European partners
    Parliamentary Under-Secretary for Foreign Affairs, Fletcher Tabuteau, is travelling to Germany, Poland, Austria, and Spain next week to bolster New Zealand’s political and trade relationships in Europe. While in Spain, Mr Tabuteau will represent New Zealand at the 14th Asia-Europe (ASEM) Foreign Ministers’ Meeting in Madrid. “New Zealand strongly supports ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Statement from the Prime Minister on Kris Faafoi
    “I’ve spoken to Minister Faafoi, who has apologised for his poor handling of this issue,” Jacinda Ardern said. “I have confidence in Kris as a hardworking and effective Minister, but this should have been dealt with in a much clearer manner, and I’ve made my views on that very clear ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Tonga-New Zealand Joint Ministerial Forum
    Deputy Prime Minister Winston Peters met with Tongan Prime Minister and Foreign Minister Pohiva Tu'i'onetoa in Wellington today. The pair signed a Statement of Partnership setting out joint priorities for cooperation out to 2023.  “We welcomed Prime Minister Tu'i'onetoa on his first visit to New Zealand as Prime Minister. Tonga ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Shooting in Kurow
    The Minister of Police Stuart Nash says his sympathies are with the family of a man who died after being shot by Police in Kurow. “Initial reports are that Police were called by a family member to help the man who was threatening to harm himself,” Mr Nash says. “However ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt supports Southland farmers in sustainability
    Healthier waterways, better productivity and farmer wellbeing are front and centre in a new project involving more than 1000 Southland farmers and growers. Minister of Agriculture Damien O’Connor today announced that the Thriving Southland Change and Innovation Project is the first region-wide extension programme supported by the $229 million Sustainable ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Flood of support for Top of the South catchment
    Work to look after nature and restore freshwater quality in Te Hoiere/Pelorus River catchment is getting a significant boost, thanks to new Government funding support Minister for Conservation Eugenie Sage announced in Canvastown today. “Every New Zealander should be able to swim in their local river without getting sick, and ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Eight Queen’s Counsel appointed under new criterion
    Eight Queen’s Counsel have been appointed under a process that includes the new criterion of a commitment to improving access to justice, Attorney-General David Parker announced today. “The new criterion was included this year. It emphasises that excellence and leadership in the profession can be seen through a wider, community ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Major expansion for Wellington’s Onslow College
    Onslow College in Wellington will get 20 new classrooms for more than 400 students, Education Minister Chris Hipkins announced today. The much-needed investment will relieve growth pressure the school has been experiencing for some time. Seven existing classrooms which have deteriorated over time will also be replaced, bringing the total ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Talented young Kiwis awarded PM’s Scholarships to Asia and Latin America
    More than 250 young New Zealanders will add international experience to their education, thanks to the latest Prime Minister’s Scholarships for Asia (PMSA) and Latin America (PMSLA), Education Minister Chris Hipkins announced today. This round of scholarships supports 252 recent graduates or current students to undertake study, research or internships ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government to improve competitiveness and transparency in the retail fuel market
    Consumers will benefit from a more competitive, transparent retail fuel market as a result of changes the Government will be making in response to the findings of the Commerce Commission’s study of the fuel sector. “We accept the Commission’s findings and, as the Prime Minister has said, we’re ready to ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • More cancer medicines for more people
    Five new cancer medicines have now been funded this year, meaning thousands of people have more treatment options PHARMAC has today announced that it has approved two new medicines for funding – fulvestrant for breast cancer and olaparib for ovarian cancer. This follows earlier decisions on advanced lung cancer treatment alectinib, ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government acts to sort out electoral ‘coin toss’ problem
    The Minister of Local Government, Hon Nanaia Mahuta says the Government will consider making changes to local electoral legislation before the 2022 elections to fix the problems that have arisen where elections are settled by a coin toss.  The Minister says the recount process in the Murupara- Galatea ward at ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • NZ to Join IMO Convention to Reduce Ship Emissions
    New Zealand will sign up to new international maritime regulations to reduce ship emissions and lift air quality around ports and harbours, Associate Transport Minister Julie Anne Genter announced today. Subject to completion of the Parliamentary treaty examination process, New Zealand will sign up to Annex VI of MARPOL, an ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Bill to empower urban development projects
    New legislation to transform our urban areas and create sustainable, inclusive and thriving communities will tomorrow be introduced to Parliament, Urban Development Minister Phil Twyford said. “The Urban Development Bill gives Kāinga Ora-Homes and Communities the tools it needs to partner with councils, communities, mana whenua and private developers to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Early Learning Action Plan to kickstart long term change
    Today’s launch of He taonga te Tamaiti: Every child a taonga: The Early Learning Action Plan 2019-2029 provides the foundation for long-lasting changes to early learning, Education Minister Chris Hipkins says.   “Early learning will be one of the Government’s top education priorities going into 2020,” Chris Hipkins said.   ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Climate change lens on major Government decisions
    Major decisions made by the Government will now be considered under a climate change lens, Minister for Climate Change James Shaw announced today. “Cabinet routinely considers the effects of its decisions on human rights, the Treaty of Waitangi, rural communities, the disability community, and gender – now climate change will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Tertiary Education Commission Board announced
    Education Minister Chris Hipkins today announced the appointment of Māori education specialist Dr Wayne Ngata and Business NZ head Kirk Hope to the Board of the Tertiary Education Commission (TEC). Dr Alastair MacCormick has been reappointed for another term. “Wayne Ngata, Kirk Hope and Alastair MacCormick bring a great deal ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Next phase of Pike River recovery underway in time for Christmas
    The next phase of the Pike River Re-entry project is underway, Minister Responsible for Pike River Re-entry Andrew Little says. “Fresh air will be pumped into the Pike River Mine drift this week, following acceptance of the plan for re-entry beyond the 170m barrier by New Zealand’s independent health and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Insurance contracts to become easier to understand and fairer for consumers
    New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes. “Insurance is vitally important in supporting consumers and businesses to be financially resilient when unexpected events happen,” Minister of Commerce and Consumer Affairs Kris Faafoi said. ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • A new opportunity for Ngāpuhi collective and regional negotiations
    The Crown is providing an opportunity for the hapu of Ngāpuhi to rebuild its framework from the ground up for collective negotiations to deal with its historical Treaty claims, Minister for Treaty of Waitangi Negotiations Andrew Little and Minister for Māori Development Nanaia Mahuta announced today. The Crown is also ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Referendums Framework Bill passes third reading
    A Bill enabling referendums to be held with the 2020 General Election has passed its third reading. Justice Minister Andrew Little says the Act is important for upholding the integrity of New Zealand’s electoral process. “The Government has committed to holding a referendum on legalising recreational cannabis at the next ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Referendums website and initial cannabis Bill launched
    The first release of public information on the two referendums to be held at next year’s General Election was made today with an informative new Government website going live. Additionally, the draft Cannabis Legalisation and Control Bill has been released, showing the strict controls on cannabis that will apply if ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government to ban foreign donations
    The Government is taking action to protect New Zealand from foreign interference in our elections by banning foreign donations to political parties and candidates, Justice Minister Andrew Little announced today. Legislation will be introduced to Parliament this afternoon and passed under urgency. “There’s no need for anyone other than New ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Governments and tech converge to strengthen joint response to online terror events
    Governments and tech companies are holding a two-day workshop, hosted by YouTube/Google in Wellington, to test the Christchurch Call Shared Crisis Response Protocol. The workshop aims to refine and strengthen the response in the event of a terrorist attack with online implications. Companies, governments, civil society experts and NGOs will ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Cancer Control Agency to drive improved care
    The new independent Cancer Control Agency has formally opened today, delivering on the Government’s plan to improve cancer care in New Zealand.         Prime Minister Jacinda Ardern and Minister of Health David Clark marked the occasion by announcing the membership of the Advisory Council that will be supporting ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Supporting small business to prosper
    Small businesses who deal with government departments are set to be paid faster and have improved cash flow as a result, under a new strategy released today. The Government is backing recommendations from the Small Business Council (SBC) and has agreed to implement three initiatives immediately to support business and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bill has biggest education changes in decades
    The Education and Training Bill 2019, introduced in Parliament today, proposes the biggest education changes in decades and is an important step towards improving success for all our learners, Education Minister Chris Hipkins said. “The Bill’s rewrite of education legislation is long overdue. Indeed one Education Act, parts of which ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Bali Democracy Forum to focus on democracy and inclusivity
    Minister for Pacific Peoples Aupito William Sio will travel to Bali to represent New Zealand at the 12th Bali Democracy Forum that will be held on the 5-6 December. “The Forum is a valuable opportunity for Asia-Pacific countries to share experiences and best practice in building home-grown democracy and fostering ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Innovative technology and tools to better manage freedom camping
    A package of new and expanded technology and other tools will encourage responsible camping and help communities and local councils better manage freedom camping this summer, Tourism Minister Kelvin Davis announced today. “Our Government has been investing to improve the freedom camping experience for everyone because we want to support ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Improving wellbeing by understanding our genes
    The government is laying the groundwork to understanding our genes – work that can help us tackle some of our biggest health challenges, like heart disease and diabetes, says Research, Science and Innovation Minister Megan Woods. $4.7 million has been invested in the Genomics Aotearoa Rakeiora programme. The programme will ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government investing to future proof school property
    Nearly every state schools will receive a capital injection next year valued at $693 per student to bring forward urgent school property improvements, Prime Minister Jacinda Ardern and Education Minister Chris Hipkins announced today.  The one-off cash injection is the first project to be announced from the Government’s infrastructure package ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Infrastructure investments to be brought forward
    The Government has decided to bring forward major investments in New Zealand’s infrastructure to future proof the economy. “Cabinet has agreed to a significant boost to infrastructure investment. I have directed the Treasury to help bring together a package of projects that can be brought into the Government’s short and ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Future-proofing New Zealand
    It is a great pleasure to be with you today in Whanganui. Like the Prime Minister I grew up with the TV clip of Selwyn Toogood booming “What do you say Whanganui, the money or the bag?” to an unsuspecting ‘It’s in the Bag’ audience. For those under the age ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand’s newest Great Walk, the Paparoa track opened – an asset for the West Coast
    New Zealand’s newest Great Walk, the Paparoa Track, was officially opened in Blackball today by the Minister of Conservation Eugenie Sage alongside the family members of the Pike 29 and Ngāti Waewae.  Local mayors and MP for the West Coast Hon Damien O’Connor were also in attendance. “Paparoa National Park ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • P-8A Poseidon base works commence
    Minister of Defence Ron Mark turned the first sod of earth on the infrastructure works for the new P-8A Poseidon fleet at RNZAF Base Ohakea today. “The Coalition Government’s investment in Ohakea will ensure the Royal New Zealand Air Force can manage, maintain and task the new fleet efficiently ahead ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Launch of the National Emergency Management Agency
    Civil Defence Minister Hon Peeni Henare today announced the establishment of the new National Emergency Management Agency from 1 December 2019.  The National Emergency Management Agency will replace the Ministry of Civil Defence & Emergency Management. It will be an autonomous departmental agency, hosted by the Department of the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NASA 2020 Internship applications open
    New Zealand tertiary students with top grades and a passion for space will once again be offered the opportunity to work with the world’s best and brightest at NASA, Economic Development Minister Phil Twyford announced today. Recipients of the New Zealand Space Scholarship are nominated by the Ministry of Business, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New Zealand to send more medical staff and essential supplies to Samoa
    Foreign Minister Winston Peters has announced further support to Samoa in the wake of an ongoing measles outbreak in the country. Additional medical supplies and personnel, including a third rotation of New Zealand’s emergency medical assistance team (NZMAT), further nurse vaccinators, intensive care (ICU) specialists and Samoan-speaking medical professionals, will ...
    BeehiveBy beehive.govt.nz
    1 week ago