Hibiscus Coast App

Hibiscus Coast News


Property Prices Rebound Across New Zealand in September
Property Prices Rebound Across New Zealand in September

09 October 2024, 12:15 AM

Hello Coasties! It seems there’s a bit of good news in the air for the New Zealand housing market.Following five consecutive months of declines, the latest Trade Me Property Price Index shows a bounce-back in property prices this September.It’s the first time since March that prices have ticked upward, with the national average asking price now sitting at $823,550—an increase of 0.6% from August.Several regions led this resurgence, with the West Coast seeing a notable 3.1% month-on-month (MoM) increase, followed by Northland at 2% and Bay of Plenty at 1.9%.Even Auckland, which saw house prices dip below the million-dollar mark in August for the first time in four years, saw an increase, climbing from $986,750 to $996,350 in September.Gavin Lloyd, Trade Me Property’s Customer Director, weighed in on the significance of the rise.“While 0.6 per cent isn’t a big number, it is significant to see positive growth in prices at this point in the year,” he said. “It suggests that while we’ve endured a challenging winter period, there’s renewed optimism in the housing market.”It’s not all sunshine, however.Of the 15 regions monitored by Trade Me Property, four saw a drop in the average asking price.Nelson/Tasman led these decreases, with a decline of 2.3% to $793,850.Taranaki followed closely, dropping 2.2% to $631,550, while Gisborne and Southland also experienced declines of 1.4% and 1.2%, respectively.Christchurch made headlines for different reasons, particularly for one- to two-bedroom properties, which hit a record high of $549,050 in September—up 3.4% from the same time last year.Units in the city also saw a notable increase, rising by 6.1% year-on-year to $471,150.Comparing the larger urban centres, Lloyd highlighted differences between Auckland and Wellington in five-bedroom property prices.Auckland has shown strong growth, with an impressive 7.2% year-on-year increase for larger homes.Wellington, on the other hand, saw a considerable decrease of 17.5% for similar-sized properties.“There’s also a substantial price difference between those larger properties,” Lloyd added. “In Auckland, the average asking price for a five-plus bedroom house is nearly a million dollars more than a similar-sized property in Wellington.”In terms of housing supply, there was a notable 23% increase year-on-year, with a 1% rise from August.Gisborne recorded the most significant increase in available properties, up a whopping 64% compared to last September.Wellington and Otago also saw substantial boosts in supply, rising 44% and 35%, respectively.Demand for properties cooled slightly, with a 2% drop from August.However, compared to last year, interest remains high, with Gisborne, Auckland, and Hawke’s Bay seeing significant year-on-year spikes of 35%, 24%, and 22%, respectively.

What is Amazon Prime Day and will we ever get Amazon in New Zealand?
What is Amazon Prime Day and will we ever get Amazon in New Zealand?

08 October 2024, 10:02 PM

It's tough with the global force of social media, especially the happenings thrown at us from those cultural imperialists in the northern hemisphere.We think we're having a Brat Summer even if it's the middle of the New Zealand winter.We turn up to vote on Tuesday 5 November and realise it's not our election.And now, our social feeds and US news sites are full of something called Prime Day. It's a ridiculously good sale with online retailer Amazon where prices are slashed on everything from electronics to pet care products to clothing to anything you can think of really.But many New Zealanders can't capitalise on the sale because it requires a monthly or yearly Prime membership, which 75 percent of US shoppers have as well as about 35 percent of Australian households.As New Zealand does not have one of those massive Amazon warehouses for fast shipping, a full Prime membership isn't really worth it. A full Prime membership gives you access to fast shipping, Amazon's media catalogue of movies and TV shows, and you get to join in Prime Day sales (Kiwis can sign up for only Amazon's streaming platform for about $12 a month.)It's a reminder that New Zealand - for now, anyway - is too small and too far away to get much love from one of the biggest retailers in the world. However, for our local retailers and even New Zealand consumers, that might not be a bad thing.What is Prime Day?Okay. Amazon makes this confusing, as behemoth companies tend to do.Officially, Prime Day is a two-day sale in July that Amazon Prime members look forward to with giddy anticipation. In the weeks and days before, they research deals and write shopping lists.Amazon recently announced a two day sale on 8 and 9 October in the US that it is calling Prime Big Deal Days. American media is full of reporters singling out the best deals with Crest Whitening Kit going from $81 to $39, a Swarovski bracelet going from $193 to $120 and the price of a Sony 65-inch TV dropping from $4055 to $3079.The last Prime Day sale in July was Amazon's biggest ever and generated $23 billion in sales. That's four times New Zealand's military budget.New Zealanders can technically be full Amazon Prime members to take advantage of Prime Day sales, but in a quick survey of Americans living in New Zealand it apparently isn't worth the $24 monthly fee.Why I don't miss AmazonAmazon seemed an absolute necessity to life when I lived in the US up until four years ago. You can order almost anything, even live snails. You're two clicks away from whatever you want turning up on your doorstep in a day or even an hour.It encouraged extreme impulse - or in many cases, drunk - buying. A pen, some pegs, a blender and then purchase. An Amazon employee is then dispatched around one of their giant warehouses, sometimes walking more than 30 kilometres a day to collect all the crap you think you want.Access to Amazon is not always a good thing. Photo: Sean Robbin/UnsplashThe amount of boxes and packaging I accumulated each week was insane. Then, I had to keep watch over my doorstep for "porch pirates" who stalk Amazon's delivery trucks and swoop in to steal packages.I very rarely miss Amazon. I don't end up with tons of tons of junk that I don't really need. There's great deals to be had at retailers such as Briscoes and Farmers. Online shopping might not get to you in hours here, but it's quick enough to keep me happy.Amazon radically changes shopping habits in a short time. It's been dubbed the Amazon Effect where consumers demand speed and convenience with a personal shopping experience.Take the example of my editor's Australian friend who recently bought a ream of plain paper, something else and a bucket (a classic random Amazon order). But he had already ordered a bucket and forgot. He ended up with two bucketsBefore Amazon, which opened its first Australian warehouse in 2017, he would have gone to Bunnings and wouldn't have made the same two-bucket mistake. And if you write a list of what you need, by the time you get to the store you have time to question what you really need.Will New Zealand ever get an Amazon warehouse?It's something that seemed inevitable before Covid, but now, the golden age of online retails appears to be over or its at least one pause, said retail expert Chris Wilkinson, from First Retail Group in Wellington.Amazon is closing warehouses rather than opening them. So are other big online retailers such as Boohoo and ASOS, which are cutting warehouses or perks like free shipping on returns."They've been growing at a great rate of knots but not necessarily in terms of profitability and we've seen some changes," said Wilkinson.The Warehouse tried to mimic Amazon's efficiency and variety of products with its Marketplace website, which allowed other sellers to list items on its website. It was an attempt to get ahead of Amazon's assumed entry into the New Zealand market."It didn't work because it was very complex and costly and [the Warehouse] had to pull back from that," said Wilkinson.

Greater Awareness of Shingles Complications Risk Needed
Greater Awareness of Shingles Complications Risk Needed

08 October 2024, 5:01 PM

Having recently had shingles myself—and still in recovery—I’m here to share why awareness of this virus is so crucial for our community, especially for those of us over 50.Shingles can be more than just a painful rash; it can lead to severe complications that impact quality of life, especially for older Kiwis and those with weakened immune systems.Shingles is caused by the reactivation of the varicella-zoster virus (VZV), the same virus responsible for chickenpox.While most adults may carry this virus, it can reactivate in around one in three people, resulting in painful symptoms.Infectious disease specialist Dr. Hasan Bhally is raising the alarm, especially as our ageing population grows, with an estimated one million Kiwis over 65 by 2028 and potentially 1.5 million by the 2050s.According to Dr. Bhally, awareness of shingles and its potential complications is vital.He explains, “Shingles complications can be extensive and impact long-term health. Awareness is crucial for early diagnosis and treatment.”The primary symptom of shingles is a rash that can wrap around one side of the face, trunk, or body.While the rash itself can be uncomfortable, about 30% of those affected develop postherpetic neuralgia (PHN), a type of nerve pain that can linger for months or even years after the initial outbreak.For some, PHN can cause intense, persistent pain, potentially leading to anxiety and depression.Other potential complications include encephalitis (a brain infection), eye infections known as herpes zoster ophthalmicus, and in rare cases, cardiovascular issues.Dr. Bhally notes that early diagnosis can help reduce the severity of symptoms and prevent further complications.“Recognising the unique pattern of the shingles rash allows for early treatment, which is key,” he says.In New Zealand, the shingles vaccine, Shingrix, is funded for those aged 65 and older, yet access remains limited for people aged 50 to 64, despite the heightened risk in this age group.Brett Marett, medical director at GSK NZ, highlights this concern: “While it’s important that access to funded Shingrix is available for immunocompromised people, people over 50 years are also at an increased risk of developing shingles. We are continuing to work with Pharmac in this space.”With Pharmac recently expanding access to certain high-risk individuals, Marett underscores the need for broader availability, stating, “People over 50 remain at increased risk. Expanding vaccine funding to this age group would help protect many more people.”For those curious about their risk, Dr. Bhally recommends discussing vaccination options with a GP to determine the best course of action.As our understanding of shingles grows, so does the importance of protecting ourselves and others from its potential effects.

Super-sized OCR cut increasingly likely
Super-sized OCR cut increasingly likely

07 October 2024, 6:58 PM

Reserve Bank super-sized official cash rate (OCR) cut favouredMajority in economists' poll favour bigger cutRBNZ usually favours quarter percentage point moves (25 basis points)At height of Covid pandemic in 2022, RBNZ made eight consecutive outsized OCR risesRetail interest rates have fallen with cuts in mortgage ratesA super-sized interest rate cut by the Reserve Bank looks increasingly certain this week as economists and financial markets push for a quicker reduction in borrowing costs.The Reserve Bank started the easing cycle in August with a 25 basis point cut to 5.25 percent, first rate cut in four years, with a signal of further cuts over the next two years.A Reuters poll of 28 economists shows 60 percent expect a 50 basis point cut, while financial markets are almost certain it will be the case.Westpac chief economist Kelly Eckhold favours the majority view."It's a pretty significant step up on the pace, but we think it's quite well justified by the confidence in the inflation outlook," he said."It looks now like you can be fairly sure that the CPI [consumer price index] will be printing at pretty close to a 2 percent level in the next three to six months."A 50 basis point cut will move the cash rate to 4.75 percent, the lowest level since March 2023.But as the poll suggests, not all experts are sure about a big rate cut, as the remaining 11 economists expect a 25 basis point reduction.All the major banks - ANZ, ASB, BNZ, Kiwibank and Westpac - are picking a 50 basis point cut this week and at the final meeting of the year in late November.The Institute of Economic Research's principal economist Christina Leung is among those favouring a 25 basis point cut.Her comments come as business sentiment improves in various surveys, including the institute's own Quarterly Survey of Business Opinion, which is closely watched by the Reserve Bank."In the sense that from this recent move with the OCR cut, we've already seen such a strong rebound in terms of expectations for the coming months for activity," Leung said."We believe that there is still the case to be more conservative and cautious in terms of assessing the impact of the easing that it's done to date and thinking about the pace of further easing ahead."Economy needs help - nowKiwibank senior economist Mary Jo Vergara said the economy needed rate relief urgently."Interest rates as they are now, the cash rate as it is now, is too restrictive. Policy settings are too restrictive."There's no need for this sort of choke hold to be on economic growth anymore. We need that rate relief."The economy has teetered between anaemic growth and modest contractions for the best part of two years, with the Reserve Bank's anti-inflation weapon of high interest rates hitting house prices, company profits, consumer spending, and increasingly the jobs market.Economists argue that a slow reduction in the OCR risks inflicting further damage on the economy.The Reserve Bank's decision will be released on Wednesday afternoon.

Fast-Track Consenting Greenlights 29 Transport Projects
Fast-Track Consenting Greenlights 29 Transport Projects

07 October 2024, 5:33 PM

The Government has approved fast-track consenting for 29 key transport projects nationwide to accelerate infrastructure development and support economic growth, Transport Minister Simeon Brown announced.“Our infrastructure deficit needs urgent attention, and we’re committed to addressing it,” Mr. Brown said.“This fast-track process is essential for quickly delivering the transport infrastructure Kiwis need, which will enhance productivity, reduce congestion, and stimulate growth.”The fast-track program includes a range of projects covering road, rail, and port improvements.Sixteen road projects have been approved, such as an alternative route through the Brynderwyns, the Mill Road project in Auckland, the Woodend Bypass, and a new bridge in Ashburton.Additionally, five rail projects, including upgrades in the Lower North Island and the removal of level crossings in Auckland, have been greenlit.The list also features five port projects, such as the expansion of Northport’s container terminal, and three public transport projects, including the highly anticipated Airport to Botany Rapid Transit line.These projects, listed in Schedule 2 of the Fast-track Approvals Bill, form part of a broader Government strategy to address New Zealand's infrastructure needs.The Government is reviving the Roads of National Significance (RoNS) and Roads of Regional Significance (RoRS) programs, which were paused by the previous administration.Mr. Brown highlighted that the new approvals will help re-establish a strong pipeline of infrastructure projects.“Through fast-track consenting, we’re cutting red tape to deliver essential projects on time. This is part of a new generation of transport investments, focused on enhancing our economy and productivity,” he explained.Once completed, the 29 projects will add over 180 kilometers of new transport corridors, enhancing connectivity and reducing travel times across New Zealand.They will also unlock land for thousands of new homes and improve the efficiency of goods transport, both domestically and for export markets.“We’re not only investing in roads but also prioritising public transport and rail,” Mr. Brown continued.“By increasing port capacity, we are positioning New Zealand for further economic growth.”The announcement reassures NZTA, KiwiRail, and the construction sector of a steady pipeline of projects to tackle in the coming years, providing job stability and helping New Zealand stay competitive.

Working Together to Protect Auckland’s Environment
Working Together to Protect Auckland’s Environment

06 October 2024, 8:29 PM

As part of its ongoing commitment to environmental preservation, Auckland Council will soon invite public feedback on the new ‘Let’s Protect Our Environment’ consultation. The initiative, led by Councillor Richard Hills, Chair of the Policy and Planning Committee, encourages Auckland residents to contribute their insights and suggestions for safeguarding the region’s natural resources.“We’re going to ask you how we can all work together to protect our environment,” says Hills. “We can’t do this alone – we know this mahi takes a collaborative effort from community groups, volunteers, and individuals, all working alongside the council and other agencies.”The consultation will explore ways to protect what Aucklanders cherish, including native species, ecosystems, Māori cultural values, and the safety of rural and urban habitats. This process will help shape an updated environmental strategy, planned to be launched after the current approach expires in 2030.Seeking Early Input on Emerging Environmental IssuesTo prepare for the formal consultation in 2027, Auckland Council is gathering early feedback on key environmental topics. Dr. Imogen Bassett, Head of Natural Environment Specialist Services, emphasises the importance of this preliminary input.“This pre-consultation will give us valuable insights into emerging issues. We’re also working closely with Māori to understand their aspirations for the environment and have an extensive engagement program planned,” Bassett explains.The feedback gathered will inform the council’s approach to managing various challenges, such as the introduction of new species and the impacts of climate change. The goal is to draft a strategy that reflects the values and priorities of Auckland’s diverse communities.Adapting to New Environmental ChallengesSince the current plan was enacted in 2020, Auckland has faced an influx of new invasive species, including myrtle rust, exotic caulerpa seaweed, and freshwater gold clam. Additionally, the effects of climate change, such as rising temperatures and increased storm activity, pose growing threats to the region’s ecosystems.“A lot has changed since our existing plan was drafted,” says Bassett. “We need to adapt to new challenges, like species from warmer climates that may pose future risks to Auckland.”Council’s efforts also consider the economic impacts of conservation measures. As Councillor Hills notes, “All species have value and genealogy somewhere in the world. It’s about finding a balance in managing different species in different contexts.”The public consultation for ‘Let’s Protect Our Environment’ will open on 25 October and run through 8 December 2024. Coasties are encouraged to share their thoughts on akhaveyoursay.co.nz

Heatwaves Sending More Young Children to Hospital
Heatwaves Sending More Young Children to Hospital

06 October 2024, 6:55 PM

As summer approaches, Coasties may notice a surge in young children needing hospital care during extreme heat. A new study by the University of Auckland reveals that when temperatures exceed 24.1 degrees Celsius, hospital admissions for children under five increase across New Zealand.The study, led by the university’s Faculty of Medical and Health Sciences, analysed 20 years of data on daily maximum temperatures and over 647,000 hospital admissions for young children. The researchers found a strong link between high temperatures and various health conditions, including infectious diseases, skin disorders, and kidney issues.Dr. Hakkan Lai, a senior research fellow in epidemiology at University of Auckland, explained, “We see hospital admissions increase as soon as the temperature rises, with effects lingering for up to three weeks afterward.”He attributes this to dehydration, cardiovascular strain, and inflammatory responses, which can overwhelm children’s bodies, potentially worsening existing conditions.Dr Hakkan Lai. Photo: William CheaYoung children are particularly vulnerable to heat due to their faster metabolism and smaller bodies, which heat up more quickly than adults.The study also highlighted the uneven impact of heat on children across New Zealand, with children in regions like Central Otago, Central Canterbury, and the East Coast showing higher sensitivity to temperature changes. Ethnicity, socio-economic status, and geography all played roles in children’s vulnerability to heat. For example, Pacific, Asian, and Māori children had higher admission rates with rising temperatures compared to their European counterparts.Additionally, children living in rented homes were more susceptible to heat-related hospital visits than those in owned homes. Over the past seven years, approximately 290 heat-related admissions have been recorded annually, with the potential to rise significantly as temperatures increase.Dr. Lai estimates that a 3-degree rise could lead to 1,300 admissions per year.“With climate change, this issue will likely become even more pressing for our healthcare system,” Dr. Lai said, emphasising the need for informed planning and interventions. He hopes to expand his research to further explore the impacts of heat on New Zealand’s children, with the goal of helping communities prepare for a warmer future.

House prices will stop falling soon - Corelogic
House prices will stop falling soon - Corelogic

06 October 2024, 12:44 AM

New Zealand's property downturn continues, Corelogic says, but it may not last much longer.Its house value index shows that prices fell another 0.5 percent in September, the seventh fall in a row.Values are 16 percent higher than in March 2020 but 18 percent below their Covid boom peak.Hamilton was down 1.2 percent in September, Wellington 0.5 percent and Auckland 0.7 percent.Christchurch values were flat and Dunedin's were slightly up.Chief property economist Kelvin Davidson said there were signs falling mortgage rates had started to boost sentiment but that was yet to show up in the data."I think you've probably got to call this a downturn. The language has been 'it's a bit soft, it's soggy, ticking along' but Auckland prices are down 7 percent from January and February, nationally they are down almost 5 percent, that's getting into downturn territory."He said Queenstown prices were holding up, as were Invercargill's, but overall conditions were weak."The labour market is in a downturn. Interest rates are falling but you've still got that labour market effect, there's still stretched affordability, lots of listings - it's definitely still a buyer's market."He said sales volumes were rising but were still 15 percent to 20 percent below normal. Finance-approved buyers had the upperhand in negotiations because the number of available houses was so high, more than 30 percent above the five-year average for this time of year.Over the next few months there could be larger than normal numbers of people selling properties for a loss, he said."There are always people selling for less than what they paid but the risk is that number is a bit higher in the next few months because people are sitting on negative equity."But Davidson expected prices should not fall much further."We've seen before the impact that lower interest rates can have. It's not showing up in the September figures but I wouldn't be surprised if prices only fall for another month or another two months or might not even fall much further at all."But he said it should not bee expected that prices would spike again."A full-blown 'seller's market' seems unlikely as long as the economy remains weak and jobs are being lost. DTIs could dampen borrowing activity and house prices next year too. Of course, what's 'bad' for some is great for others, and the environment could generally remain reasonably favourable for first home buyers, who are already enjoying above-average shares of activity."

Foodstuffs Merger Rejected by Commerce Commission
Foodstuffs Merger Rejected by Commerce Commission

05 October 2024, 11:32 PM

If you're like many of us on the Hibiscus Coast, you're likely keeping a close eye on the local supermarket scene. Recently, the Commerce Commission made a significant decision affecting our grocery shopping landscape.The proposed merger between Foodstuffs North Island and Foodstuffs South Island has been declined. This decision comes after concerns were raised that the merger would reduce competition in New Zealand's already concentrated supermarket sector.According to the Commerce Commission, the merger would have resulted in a single entity holding a 55% national market share. Currently, Foodstuffs North Island's market share stands at just over 40%.Experts, including senior lecturer in marketing at the University of Auckland Drew Franklin, argue that breaking up the Foodstuffs entities could be the next logical step. Drew Franklin, senior lecturer in marketing, University of Auckland.This would encourage nationwide competition and potentially lead to better prices for consumers.Franklin notes, "The concentrated supermarket sector in New Zealand means shoppers have less choice and higher prices." New Zealand has one supermarket for every 12,871 people, significantly fewer than countries like Germany and Ireland.The Grocery Commission's first annual report also highlighted the need for increased competition in the sector. Submissions to the Commerce Commission from academics, industry bodies, and Consumer NZ expressed concerns about reduced competition and potential breaches of consumer trust.This decision aligns with international trends, where regulators are pushing back against supermarket mergers. For instance, the US Federal Trade Commission blocked the merger between Albertsons and Kroger, citing concerns over price gouging and reduced competition.As locals, we'll be keeping a close eye on how this decision impacts our grocery shopping experience.

Pothole Prevention Fund Boosts Road Repairs
Pothole Prevention Fund Boosts Road Repairs

05 October 2024, 7:43 PM

Coasties and Kiwis nationwide can expect smoother roads this summer, with the Government doubling down on its pothole prevention efforts.Transport Minister Simeon Brown announced that the summer road maintenance programme will see a 124% increase in road rehabilitation compared to last year.Brown stressed that the aim is not just to patch potholes but to ensure long-lasting repairs that will keep the roads safer for years to come.“Increasing productivity to help rebuild our economy is a key priority for the Government,” he said.“Boosting pothole repairs and prevention will deliver a safe and reliable network that supports this growth.”Transport Minister Simeon Brown.The Government’s Pothole Prevention Fund, a key part of this initiative, will fund 285.6 lane kilometres of full-width road rehabilitation.Rather than focusing on temporary fixes, these repairs are designed to renew the life of the road pavement, reducing the chances of future potholes forming.Brown acknowledged that years of underinvestment in road maintenance had left New Zealand’s road network in poor shape.“In recent years, investment has not kept pace with the amount of work required, resulting in cutbacks to rehabilitation work while quick fixes have been prioritised,” he said.The Government has now increased funding for pothole prevention by 91% compared to the last three years.This funding is ring-fenced for essential resealing, rehabilitation, and drainage maintenance, ensuring that repairs are done right the first time.“Our state highways are crucial for productivity and unlocking economic growth,” Brown said.“By increasing maintenance and renewals, we’re ensuring Kiwis and freight can travel quickly and safely.”With this increased focus on long-term solutions, drivers on the Hibiscus Coast and beyond should notice a significant improvement in road conditions during the summer months.

Auckland Economy Shows Mixed Recovery Signs
Auckland Economy Shows Mixed Recovery Signs

04 October 2024, 10:01 PM

Auckland’s economy is showing both recovery and ongoing challenges across sectors, according to the latest report by the Auckland Council Social and Economic Research and Evaluation Team. Business confidence is on the rise, while the housing market and construction sector remain sluggish, reflecting a complex economic landscape.Business Confidence RisingBusiness optimism is one of the few bright spots. The New Zealand Institute of Economic Research’s (NZIER) Quarterly Survey of Business Opinion (QSBO) for September 2024 showed that a net 9% of Auckland businesses expect the general business climate to improve over the next three months. This marks the highest confidence level since 2017, a significant uptick after several years of cautious outlooks.However, despite this improvement, business sentiment remains below the highs experienced between 2012 and 2017, highlighting a mixed recovery.Housing Market Faces Continued PressureIn contrast, Auckland’s housing market remains under pressure. The median house price for August 2024 was $960,000, representing a 7% decrease from the previous year and a substantial 36% decline from the market’s peak in 2021. The number of homes sold for the year ended August 2024 was 20,822, a 14% improvement from May 2023’s trough but still 43% below the July 2021 peak.Rents have also seen a slight decline. The average weekly rent in Auckland dropped to $667 in July 2024, down 2% from a year ago. This comes after years of relative stability, with many Coasties feeling the squeeze between high housing costs and stagnant wages.Building Consents Slow DownAuckland’s construction sector reflects similar slowdowns. The number of new homes consented has dropped 37% from its September 2022 peak, with only 13,748 new dwellings consented for the year ended August 2024. Although this is a slight 1% increase from July, it remains a far cry from pre-2023 levels.Non-residential construction has also faced a dip. The real value of new non-residential buildings consented was $2.866 billion, a decrease of 16% compared to November 2022. However, it’s still 28% higher than the sector’s lowest point in 2020.Imports Down but Still Higher Than Five Years AgoAuckland’s import figures have also declined. The real value of imports through seaports for the year ended August 2024 was $29.9 billion, a 9% drop from the previous year. This decline reflects similar trends across the rest of New Zealand, where imports have fallen by 16%, bringing them to the same level they were at five years ago.Despite these reductions, Auckland's import figures are still 6% higher than they were in 2019, indicating some resilience in the region’s trade.

Google threatens to stop linking to NZ news sites if bill passes
Google threatens to stop linking to NZ news sites if bill passes

04 October 2024, 8:21 PM

Google has warned it will be forced to stop promoting New Zealand news content and stop deals with local newsrooms if the government goes ahead with the Fair Digital News Bargaining Bill.The bill, which was introduced by the Labour government, would force tech giants to pay news organisations for their content.National initially did not support the bill but the coalition is pushing ahead with it.A statement posted today by Google's New Zealand Country Director Caroline Rainsford said the company was "concerned" by the bill and did not believe it was the right approach to foster a sustainable future for news."This bill proposes a 'link tax' that would require Google to pay simply for linking to news articles. While Google supports efforts to foster a sustainable future for New Zealand news, this bill is not the right approach."Google said it had been transparent with the government that if the bill were to proceed Google would make significant changes to its products and news investments."Specifically, we'd be forced to stop linking to news content on Google Search, Google News, or Discover surfaces in New Zealand and discontinue our current commercial agreements and ecosystem support with New Zealand news publishers."It said it would also discontinue its commercial agreements with New Zealand news publishers."These are not outcomes we want for New Zealanders, news publishers, or our business."We believe there is a sensible path forward and have proposed reasonable alternatives to the government that do not harm smaller, local or regional publishers and maintain the principles of the open web, in line with recent agreements we've reached elsewhere."It had engaged with New Zealand publishers and lawmakers, the statement said, and "have proposed reasonable and balanced alternatives to the draft bill.""Further strengthening New Zealand's news industry will require additional public and private support from both the New Zealand Government and a broad base of private companies."Google said it was proud of its "long standing contribution to New Zealand's news industry.""Our services help connect New Zealanders with quality journalism every day, driving valuable traffic to publishers."Through local partnerships and investments, Google said "we continue to contribute to a sustainable, diverse and innovative news ecosystem in New Zealand, including through Google News Showcase - a licensing program that covers over 95 percent of New Zealand digital news publishers and results in us paying millions of dollars per year to almost 50 local publications."Its main concerns:Ineffective and Against the Open Web: Link taxes are in conflict with the principles of the open web, and have not proven effective in supporting journalism, as seen in similar situations where other platforms have disengaged after deciding it's no longer feasible to carry news links, including in Australia and Canada. The Ministry for Culture and Heritage commissioned an independent report from Sapere that concluded "There is no plurality justification to require digital platforms to pay news firms for linking to news content."Harmful to Smaller Publishers: Solutions that overwhelmingly benefit a small number of large operators at the expense of small and local language publishers are neither sustainable nor desirable outcomes for New Zealand.Business Uncertainty: The uncapped financial exposure, an opaque political process for exemption and lack of clarity in the current bill create an untenable level of business uncertainty for any company. This makes it impossible to plan and invest effectively in New Zealand.When asked how much revenue might be gained by making big tech companies pay, Media and Communications Minster Paul Goldsmith told RNZ in July that depended on negotiations."There was talk of around $30 million possibly being at stake around the Google agreement, there's possibly $6 million or so to be made out of the extra advertising revenue but it comes down to how the negotiations go."In response to Google, Goldsmith said in a statement there were a range of views throughout the sector he was considering."We are still in the consultation phase and will make announcements in due course."He said he and his officials had "met with Google on a number of occasions to discuss their concerns" and would continue to do so.ACT Party opposedThe ACT party is opposed to the bill, and has invoked the "agree to disagree" clause from the coalition agreement in order to vote against it.David Seymour. Photo: RNZ / REECE BAKERResponding to Google, ACT leader David Seymour said in a statement the government was playing "chicken" with the tech giant, and "New Zealanders stand to lose.""ACT has always said this Labour Government Bill wouldn't work, that's why we agreed to disagree with our partners on it.Seymour is renewing his call on National and New Zealand First to dump the bill."If Google make good on their threat, New Zealand audiences and media companies will be worse off. Smaller media outlets in particular would suffer as they would be denied the opportunity to connect with new audiences via search results."Seymour said it was not any government's job to protect business from customers making different choices."The internet has made it easier than ever to report news, and certain outlets need to stop blaming the internet and start looking at their product.""It is not accurate to describe the bill as any kind of 'bargaining'. Instead, politicians would decide who gets what," Seymour added, which "undermines the separation between government and media", "which is fundamental to democracy".

Government Unveils New Housing Support Programme
Government Unveils New Housing Support Programme

04 October 2024, 7:00 PM

Locals may soon see more homes being built across the country, thanks to a new government initiative. Housing Minister Chris Bishop and Building and Construction Minister Chris Penk recently unveiled a programme aimed at bolstering residential construction, particularly during these tough economic times. The Residential Development Underwrite (RDU) is designed to provide financial backing to developers, ensuring projects can move forward despite high interest rates and market uncertainty.“We know the residential development sector is sensitive to economic fluctuations, especially given the long lead times to build homes,” Minister Bishop said. “With borrowing costs still high and building consents low, the RDU will help developers access financing they wouldn’t otherwise have, keeping housing projects on track.”Minister Penk also stressed the importance of the programme, stating, “This new underwrite will give the building and construction sector much-needed confidence to continue housing development during a challenging period.”Building and Construction Minister Chris Penk.What the Residential Development Underwrite OffersThe RDU programme works by guaranteeing that the government will purchase any unsold homes from developers after a designated sales period, providing developers with the security they need to secure loans. To be eligible, developments must include a minimum of 30 homes, and the developers must have experience delivering projects of this size.Other requirements include land ownership (or an option to use it), necessary consents, and proof that underwrite support is essential for the project to begin within the next 6 to 12 months.Developers must also provide market valuations and demonstrate that they’ve made efforts to market their homes, with finance approval dependent on pre-sales.There are no restrictions on buyer eligibility or price caps for the programme.Housing Minister Chris Bishop.Focus on High-Population AreasWhile the RDU is available nationwide, it prioritises high-demand areas such as Auckland, Hamilton, Tauranga, Wellington, and Christchurch. The number of homes the programme supports will depend on market demand, economic conditions, and the speed at which projects are completed and sold.Minister Bishop emphasised that the programme is part of a larger plan to tackle New Zealand’s housing crisis. “This is just one aspect of our efforts. We’re also pushing ahead with our Going for Housing Growth policy, which aims to increase supply by making it easier for cities to grow and develop.”Understanding UnderwritesAn underwrite provides financial security by guaranteeing that the Crown will buy homes developers cannot sell. This assurance helps developers secure loans from banks, which typically require pre-sales before they will release financing for projects. The RDU will be especially helpful for larger developments like apartment buildings, which have struggled in the current market.Developers can register for the RDU starting at 10 am on Monday, 7 October. More information, including programme details and criteria, is available on the Ministry of Housing and Urban Development’s website.

Community Spirit Shines at Millwater Parkrun
Community Spirit Shines at Millwater Parkrun

04 October 2024, 2:05 AM

Every Saturday at 8 am, the Millwater Parkrun kicks off at the sports fields of Millwater Parkway, Silverdale. This free, fun, and friendly 5k event is organised by local volunteers and welcomes participants of all ages and fitness levels. What may surprise many is that this community event carries with it a rich, global history. Spanning 20 years, Parkrun has become a worldwide movement, with events held in over 20 countries.Research has shown that participating in Parkrun can significantly boost life satisfaction, particularly for those who were previously less active. A study conducted in the UK, led by Sheffield Hallam University and the University of Sheffield, found that new Parkrun participants experienced measurable improvements in well-being after just two runs. The research estimated an annual economic benefit of £667 million, with every £1 invested into Parkrun generating a return of £16.70 in social and health benefits.Parkrun was first introduced to New Zealand in 2012 by Lian and Noel de Charmoy, after a visit to their friend Paul Sinton-Hewitt, the founder of Parkrun, in London. The very first Parkrun took place at Bushy Park in 2004, when Paul, recovering from an injury, began the event as a way to stay active and bring together fellow runners. What started as a small gathering has since evolved into a global phenomenon, with Paul’s vision of an event that would be "free, forever, and open to everyone" still at its core.In challenging times, as the cost of living rises and public funding becomes more limited, Parkruns offer a valuable, low-cost opportunity for people to stay active and connected with their community. Beyond the physical benefits, these events foster friendships and support networks, making them an important part of community life.The next Millwater Parkrun is tomorrow morning—why not give it a try?

Smishing Scam Foiled in Major Auckland Operation
Smishing Scam Foiled in Major Auckland Operation

03 October 2024, 10:12 PM

Coasties, be on alert—police have cracked a sophisticated smishing scam right here in Auckland.In a joint effort between New Zealand and Australia, Operation Orca was launched to stop a new form of phishing that had the potential to cause significant financial losses.The Department of Internal Affairs (DIA) first noticed irregularities in late July, thanks to reports from the public and early warnings from banks and mobile networks.A coordinated investigation quickly followed, involving the police, DIA, banking institutions, and Australia’s Joint Policing Cybercrime Coordination Centre.On Friday, 23 August, police executed a search warrant at a central Auckland residence, where a 19-year-old man was arrested.Authorities also seized a device called an SMS Blaster—technology never before seen in New Zealand.This device mimics a cell tower, tricking nearby mobile phones into connecting to a fraudulent network.Smishing is a form of phishing where scammers use text messages to deceive victims into sharing sensitive personal information.The SMS Blaster sent out thousands of fake text messages, including around 700 in one night, falsely claiming that recipients' bank accounts were under threat of fraudulent activity.The "SMS Blaster" seized by police.The messages urged people to click on a link, which then redirected them to a phishing website designed to look like their bank’s official page.“By working together, we were able to counter this technology, locate the alleged offender, and prevent what could have been large-scale financial losses for many New Zealanders,” said Detective Superintendent Greg Williams of the National Organised Crime Group.In this case, nearly 120 people were targeted by the scam, but no financial losses have been reported, thanks to the swift response of the agencies involved.“The device in question is believed to have sent thousands of scam text messages,” Williams added, warning stay vigilant against cyber-enabled fraud.Joe Teo, Manager of Digital Messaging at the DIA, praised the collaboration between government and industry partners in quickly responding to this threat.He reminded the public to report any suspicious texts by forwarding them to 7726, a free service designed to combat such scams.Telecommunications Forum CEO Paul Brislen echoed this sentiment, noting how crucial quick action is in preventing widespread harm to consumers.“By working closely with banking and law enforcement, we were able to identify and react quickly to this new threat,” Brislen said.Banks involved in the investigation, including ANZ and ASB, also stressed the importance of cross-sector cooperation.ANZ’s Head of Customer Protection, Alan Thomsen, reminded customers that the bank would never send texts asking them to log in through a link.ASB Executive General Manager for Technology, David Bullock, urged customers to be cautious about sharing personal details in response to unsolicited messages.The arrested man has been charged with interfering with a computer system and is due to reappear in Auckland District Court on 10 December 2024.

Police Boost Recruit Wings Amid Application Surge
Police Boost Recruit Wings Amid Application Surge

03 October 2024, 7:17 PM

Locals across the Hibiscus Coast may soon see more officers on the beat, as the New Zealand Police prepare to increase the number of recruits in training. Thanks to a surge in applications in 2024, the Police are set to expand their training wings at the Royal New Zealand Police College (RNZPC) to accommodate the growing interest.Assistant Commissioner Jill Rogers, who oversees Leadership, Talent, and Development, confirmed the changes. “With 1371 applications in July alone, we saw the highest number of applications in a single month since our recruitment database began in 2014,” Rogers stated. “This surge in interest, largely driven by visible recruitment campaigns and updated application criteria, has prompted us to raise our recruit wing size from 80 to 100 starting next April.”Rogers emphasised that this decision is critical to keeping the flow of recruits moving through the system efficiently. “We don’t want a blockage at the end of the pipeline for people waiting for a wing,” she explained. “By increasing wing sizes, we’ll be able to support the government’s commitment to adding 500 more officers.”From January to August 2024, over 5,500 applications were received—more than double the amount from the same period in 2023. Rogers noted that Police attrition rates remain low, with just 4.8% turnover as of August, significantly below the public sector average of 20%.Rogers also addressed concerns about officers leaving for opportunities abroad, particularly in Australia. She revealed that between January 2023 and July 2024, only 115 constabulary staff resigned to move to Australia, representing a small fraction of the Police workforce. Encouragingly, 73 former officers have either rejoined or applied to return to the force this year.In light of the growing number of recruits, Police are also considering relocating some training courses to districts or offering them online, a model successfully used for investigation courses since 2020.Looking ahead, the Police remain focused on bolstering frontline officer numbers to enhance community safety. “This growth in recruits will require a massive effort from everyone involved,” Rogers said. “We want to continue building on this positive momentum to benefit both the Police and the wider community.”For those interested in joining, whether as new applicants or returning officers, more information can be found at newcops.govt.nz

201-220 of 748