Rents not keeping pace with house prices
Rents lag property values in Auckland, but in Wellington and Christchurch the reverse was true
Auckland property values rose more than three times as quickly as rents in the year to July, while in Wellington and Christchurch the reverse was true, with rent increases outpacing property values, according to the Ministry of Business, Innovation and Employment’s (MBIE) Housing and Construction Quarterly report.
In Auckland, the average rent from new tenancies reported to MBIE during the three months to the end of July was $456 a week, up 3.6% compared with the same period last year.
Concerning’ KiwiSaver bank tactics questioned
The Financial Markets Authority is seeking information from the Inland Revenue Department that could reveal the extent of “concerning” KiwiSaver sales and switching practices the regulator claims are being used by banks.
The regulator’s latest monitoring report on qualifying financial entities (QFEs) detailed a number of questionable methods lenders were allegedly using to woo customers in to their KiwiSaver schemes.
Emotional debt is a form of self-harm……by PHIL STRONG
OPINION: Expensive debt is crippling many people by sucking the life out of their finances and leaving them with nothing.
Imagine the devastation left by a plague of locusts and you’ll begin to see this endemic problem for what it truly is. But what if I told you a large percentage of expensive debt is self-inflicted? Would that unsettle you?