Money
Pressure on homeowners - mortgage arrears at 4 year high
The squeeze has been put on homeowners, with mortgage arrears at a four year high. Cranked up interest rates have meant home owners have missed payments or gone interest only. Centrix says there are… Video, Audio
Minimum wage set to increase to $23.15
It's a 2 percent increase equal to 45c per hour - the Workplace Relations Minister says it will "give our lowest paid workers more money in their pockets".
Front-line services could face cut-backs, Willis admits
But Nicola Willis said the bosses of government departments were expected to use "good judgement" when proposing savings.
Shoppers use Afterpay to work around grocery bills
Some shoppers struggling to cover their grocery bills have found a work around that lets them use buy now pay later services to cover food and other essentials at stores that don't actually offer the… Audio
'Not a recipe for a fairer society' - Robertson on ACT's push for flatter tax
David Seymour is on a mission to convince his coalition partners to revamp the tax system at this year's Budget. Audio
Lotto’s $17.2m win: Canterbury player scores big in 2024′s first Powerball win
The winning ticket for the mouth-watering sum was sold on MyLotto to the player from Canterbury.
Ministry offers voluntary redundancies as govt accused of sneaking in more cuts
"All departments" are now being asked to find savings, the Finance Minister has confirmed.
Your Money with Mary Holm
Today Mary talks to Jesse about bank term deposits, the rates and the risks. Audio
Insurance costs raised by up to 20 percent says Insurance Council
The Insurance Council says the cost of insurance in New Zealand has risen by between 12 and 20 percent in the past year.
Figures released by Stats NZ on Wednesday, show that inflation has slowed to… Audio
High rents and rates keeps inflation above target levels
While the rate of inflation is easing, higher rents, rates and building costs are keeping it above target levels.
New data shows the annual rate of inflation eased to 4.7 percent from 5.6 percent in… Audio
Mortgage broker warns of tough year ahead
A leading mortgage broker is warning that the coming year could be the toughest for many people in a decade or more.
Inflation has slowed to its lowest rate in more than two years, but domestic price… Audio
High rents, rates and building costs keeping inflation above target
Property Investors Federation says rates and insurance increases meant landlords had no choice but to pass on costs to their tenants.
Westpac softens policy on bankruptcy
Westpac is going to relax its policy on access to banking services for people declared bankrupt.
Christchurch City Council votes to consider hosting 2030 Commonwealth Games
Christchurch City Councillors have voted to consider hosting the 2030 Commonwealth Games, despite being showered in fake money by protesters opposing a possible bid.
A recommendation by Mayor Phil… Audio
Economist on Reserve Bank plans for debt-to-income lending
A property economist is welcoming the Reserve Bank's plans to introduce debt-to-income lending rules for house buyers.
From the middle of this year, owner-occupiers will have loans set to six times… Audio
Economists predict inflation will slow
Economists are predicting inflation will slow to its lowest level in two years, with the figures for the last quarter of 2023 out Wednesday morning.
Consumer prices are expected to have slowed to 0.5… Audio
KiwiSaver financial hardship withdrawals rise yet again
The overall number of early withdrawals has also jumped significantly in the past year, from 17,900 in 2022 to 29,530 in 2023. Audio
Transport Minister says Clean Car Discount costs outweigh benefits
Transport Minister Simeon Brown says the Clean Car Discount was never self-financing, and rescuing the subsidy scheme would have cost more than it generated in benefits.
Big jump in Kiwisaver financial hardship withdrawals
More and more New Zealanders are withdrawing their Kiwisaver due to financial hardship.
According to figures from Inland Revenue - in 2022 - there were 18,000 withdrawals on hardship grounds, but… Audio
Five new thoroughbred racing events unveiled
Winston Peters says New Zealand's racing industry needs to get its "mojo" back.
The Minister for Racing was speaking at Auckland's Ellerslie Racecourse, where a revised summer calendar was announced.
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