Money
Reserve Bank raises OCR to highest level in seven years
The Reserve Bank raised the official cash rate by 50 basis points to 3 percent, as expected, to its highest level in seven years.
Auditor Grant Thornton walks away, adding to NZAI's woes
Embattled NZ Automotive Investments has been hit with another setback, as its external auditor has bolted for the exit.
Insurance could cost $100k per year for some properties in future
Imagine paying $100,000 a year just to insure your house.
That's the reality facing some homeowners in the near future, according to a climate economist and modeller.
Climate Sigma managing director… Audio
Reserve Bank expected to raise OCR again today
The Reserve Bank is expected to deliver a fourth consecutive 50 basis point rise in the official cash rate later today.
This would take the OCR to a seven-year high of 3 percent, as the Reserve Bank… Audio
Government grappling with flood insurance question
An expert in climate risk is predicting in just 20 years a million dollar property on the Petone foreshore in Wellington could cost $100,000 dollars a year to insure.
Belinda Storey, from Climate… Audio
Freeze on rent increases should return, says Human Rights Commission
A housing inquiry found rents are rising faster than income and inflation and about half of tenants spent 30 percent or more of their take-home income on housing.
Temporary stop order placed on Wisdom House Investments
A stop order has been placed on a finance company and its director by the Financial Markets Authority, to prevent them giving financial advice or dealing in investments and assets.
Calls for buy now, pay later schemes to be regulated
Pressure is mounting for buy now, pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people. Audio
Most homeowners still making a profit at sale
Most homeowners are still making healthy profits when they sell their houses, despite growing weakness in the market.
CoreLogic's latest "Pain & Gain" report shows 98.1 percent of properties resold… Audio
Homeowners continue to make profit on sales, despite downturn
CoreLogic's survey indicates 98.1 percent of properties resold in the three months ended June made a gross profit or gain on the previous purchase price.
Pressure mounts for buy now pay later schemes to be regulated
Pressure is mounting for buy now pay later schemes to be regulated, with fears they're a 'ticking time bomb' for vulnerable people.
Services like Afterpay, Laybuy, and ZipPay are interest free with… Audio
Omicron, 'economic headwinds' hitting My Food Bag's profit margin
The meal-kit delivery company expects to report lower full year earnings, due to the lingering effects of the Omicron outbreak and rising inflation.
New laws set to protect consumers, but may confuse businesses
Businesses are being urged to pay close attention to a broad set of consumer protections and contract law that come into effect tomorrow, along with hefty fines.
Māhia resident upset at council over privacy breach
A Māhia resident says he has been left "numb" by the publishing of his personal information in the local newspaper via a district council response.
Trust touts zero interest loans for NZers in financial hardship
A community finance group is calling for millions of dollars to be invested in zero-interest, small personal loans to help the poorest of the poor denied credit by mainstream lenders.
Business Feeling The Heat
We're joined by Professor David Lont, from the Department of Finance at the University of Otago, who is part of a research team that's been looking into the financial effects of extreme heat spells… Audio
Your Money with Mary Holm
This week Mary talks about what we can learn from animal investors.. Audio
Fund manager hack: Some Booster customer's personal information revealed
KiwiSaver and superannuation fund manager Booster have apologised following a hacking incident this week, revealing some customer's personal information.
Pain at the (water) pumps for some is partially due to Covid-19
Some Aucklanders are drowning in their latest water bills, due to Covid-19-related delays resulting in estimates of water usage being far lower than actual consumption. Audio
Record profits announced for ASB Bank
ASB Bank has reported a record annual profit despite a slowing housing market and growing economic winds, and voiced confidence borrowers can cope with rising interest rates.
