Blog

housing

Housing Prices Continue To Soar

Blog
Although the number of property sales have decreased, the median price for real estate in New Zealand continues to rise. The Covid-19 pandemic has done little to slow down the New Zealand property market. New Zealand has always had low levels of supply, resulting in fewer properties available to buy.…

‘Lazy Tax’ Paid By Many New Zealanders

Blog
Many people are subject to complacency when it comes to keeping up with their expenses. Research by comparison website Finder, indicates that as much as 87% of Kiwis are paying a lazy tax on financial products like home loans, car loans, personal loans, and income protection insurance. ‘Lazy tax’ is…

Debate On How to Fund Superannuation Scheme Mounts

Blog
Discussion on how to meet funding requirements for the government’s superannuation scheme has peaked in recent days following the Treasury’s estimates that its cost will reach $49 billion by 2041. The scheme is also expected to grow by 1.5 times more than the economy over the next 40 years. There…

Surprising Pay Gap Revealed

Blog
Gendered pay gaps in New Zealand have  shown signs of worsening this year. There has been little improvement since the Covid-19 pandemic. Data shows that that there’s a pay gap of 18% but even gaps up to 20% or 30% are common too. Despite wage increases across the board, the…

Air New Zealand Reports $289M Loss

Blog
Air New Zealand has just reported a pre-tax loss of $307 million and an after-tax loss amounting to $289 million for the financial year ending on June 30. This is based on operating revenues of NZ$2.5 billion that fell by 48% from the previous year. With this announcement came confirmation…

Economy on pause due to lockdown

Blog
New Zealand’s response to the Covid-19 pandemic was praised around the world. However, the new Delta variant of the virus has thrown a spanner in the works. New Zealand entering level 4 lockdowns and the volatility of the strain of virus has thrown some uncertainty into the economy. Although lockdown…
protein

Call To Tax Protein And Dairy

Blog
The production of meat and dairy is one of the largest contributors to greenhouse gases (GHGs), responsible for 20-50% of all manufactured GHGs. New Zealand is one of the many countries called upon to introduce a tax on meat and dairy. This is in hopes that it will effectively lower…
export

NZ Tech Sector Growth Hampered by Shortage of Skilled Workers

Blog
The tech sector has delivered many benefits to the New Zealand economy. From creating jobs to boosting growth in weightless exports, the industry has also proven helpful in ramping up the digital transformation of the economy. As per 2019 data, the sector is served by 21,870 companies and 114,450 employees.…
jailed

Accountant Jailed For Theft

Blog
A New Zealand accountant was recently jailed for theft. A small clothing label by the name of Bettie Monroe was bleeding money and they didn’t even know it. For many years, the joint clothing boutique business was suffering at the hands of someone they trusted. The accountant, Roopa Patel was…

Government Tightens Lending Rules To Curb Housing Crisis

Blog
The steep increase in New Zealand property prices has led to a housing crisis. Market figures indicate prices have risen by about 30% over the last year due to record-low interest rates and cheap access to capital thanks to the government’s stimulus spending. With more Kiwis returning home due to…