Money
Reserve Bank gives in to pressure with massive OCR cut
Analysis - The Reserve Bank could not hold off from growing outside chatter as it dropped the OCR to an 18-month low today, Gyles Beckford writes.
'Don't expect a rent cut tomorrow', property investors warn
The Reserve Bank's decision to cut the official cash rate will help the property market, but house prices may still only increase slowly from here.
Midday Report Essentials for Wednesday 9 October 2024
In today's episode, the Navy Search and Rescue boss is currently on the water deciding on the next steps for the sunken HMZNS Manawanui, Whanau Awhina Plunket workers will now be trained as… Audio
Banks cut interest rates ahead of OCR announcement
Banks have already moved significantly when it comes to what they offer home loan customers ahead of the Reserve Bank announcement on the OCR. Money Correspondent Susan Edmunds spoke to Charlotte… Audio
Govt announces funds to train Plunket workers as vaccinators
Whānau Āwhina Plunket workers will now be trained as vaccinators, as part of a government plan to boost childhood immunisation rates. Whānau Āwhina Plunket chief executive Fiona Kingsford spoke to… Audio
Kiwibank cuts floating home loan rates to 7.75%
The move comes as the Reserve Bank updates its official cash rate on Wednesday, with calls for it to drop by 50 basis points to 4.75%.
BNZ to introduce lock feature to help prevent scams
BNZ is introducing an online banking lock feature, allowing customers to disable all online banking activity and lock access if they suspect their accounts have been compromised by scammers. BNZ's… Audio
Wellington real estate agent upbeat despite values falling
The housing market in Wellington continues to see slow sales and falling values despite an expectation of further interest rate cuts. Tom Fuller from Tommy's Real Estate spoke to Charlotte Cook. Audio
Planning to downsize your home? Not so fast
It's harder to downsize than many New Zealanders expect. Audio
Reserve Bank to update OCR
The Reserve Bank will update the official cash rate on Wednesday and there's been a lot of discussion in recent days about whether it'll move by 25 or 50 bps. Money correspondent Susan Edmunds spoke… Audio
Do Australians get a better mortgage deal?
Do Australians get a better deal on their mortgage rates?
Sharesies launches new US500 fund for KiwiSaver members
Sharesies is offering its KiwiSaver members the opportunity to invest in individual US stocks, or via a new US500 fund - but there's a warning they need to take care doing their own stock-picking for…
KiwiSaver withdrawals soar: But how does it actually work?
Here's what you need to know about tapping into your savings. Audio
Who most deserves government help?
If you were running New Zealand and had $100, how much of this money would you spend to support and take care of different vulnerable groups of the population? Audio
The building report showed a problem - what now?
RNZ's money correspondent Susan Edmunds answers your burning money questions.
NZ officials silent on questions over Temu and cybersecurity
New Zealanders should "be cautious about the privacy and security implications when installing any application".
How many property investors are losing money on investments?
There's a fair bit of housing jargon getting thrown around these days, Capital Gains Tax is one we've heard a lot about lately. But one we don't hear much of in Aotearoa is "Negative gearing." That's… Audio
More than 50,000 property investors making losses
Information released under the Official Information Act shows that there were 53,350 taxpayers who reported negative rental income in the 2023 tax year.
Spending downturn has retailers surviving off overdrafts
Latest spending data shows another decline, with consumers spending less than a year ago.
Family caught out by quirk in childcare subsidy calculation
A family does not qualify for the Family Boost early childhood education rebate, despite earning "well below" the advertised $180,000 cap.
