Money

Sellers swap TradeMe for Facebook

Charlotte Hurst

Thousands of Aucklanders are ditching TradeMe in favour of social media sites to buy, sell and trade.

Still tough for the first-home buyer

mortgage

The ability of first home buyers to get a mortgage has eased only slightly with banks holding volumes of low deposit lending steady.

Tax cuts policy still elusive

Finance minister Bill English at finance debate in Queenstown

National continues to dance around whether it will promise tax cuts in the coming weeks.

Division over KiwiSaver's future

Kiwisaver

KiwiSaver investors face continued political risk, with major parties unable to agree on scheme's future.

Agents criticise home plan

.First home buyers Rochelle and Aidan Elliot of Lower Hutt don't want to be tied to a mortgage for the rest of their lives.

National Party's proposed housing policy is criticised by some in the real estate sector as not going far enough to deal with housing crisis.

Senior citizens missing out on equity - Deloitte

mortgage

The numbers of "reverse mortgages", usually taken out by older people, has declined in the past five years, a study by Deloitte shows.

National's plan will 'stabilise house prices'

John Key Housing plan

National's housing promise to first-home buyers will stabilise property prices by creating more housing, John Key says.

Bank plans 'traffic light' spending alerts

shopping bags

Westpac customers will soon be able to receive instant alerts if their spending in various categories is out of whack.

National's tax cut mixed message

tax

Bill English and John Key sing different tunes on the possibility of a pre-election tax cut.

Investors in limbo as election looms

Stock market NZX

OPINION: Friends in the investment world say most of their clients expect the Government to be re-elected.

Loyalty programmes: Sign up and start earning

John Anthony was sceptical about airline loyalty programmes - until he signed up for one.

Sort your home insurance

calculator

Talking with an insurance company recently, I was surprised to hear the average uptake of people reviewing their house insurance was 20 per cent.

Wealth split worse than most realise

Budgeting with credit cards

It may be time to remix Fred Dagg's We Don't Know How Lucky We Are, to We don't know how unequal we are.

Wrong KiwiSaver can cost you money

OPINION: A big proportion of the 2.3 million people in KiwiSaver will be in the wrong fund.

Currency fluctuations hit KiwiSavers

Kiwisaver

The falling NZ dollar highlights the need for KiwiSaver investors to pay closer attention to currency hedging.

How to keep baby costs down

Baby food

The ''baby industry'' exploits parents - you don't need to pay through the nose for food and healthcare.

Sorting your finances to save money

Kayne Wahlstrom and Carey Brunel

A recent battle with cancer has made Kayne Wahlstrom an evangelist for looking after every dollar.

Face Value: Work ethic was early lesson

Simon Moutter

Spark's Simon Moutter tells Catherine Harris about scrubbing deep fryers and his best investment decision.

It's not easy being Kiwi

Price comparisons with other countries seem to demonstrate that Kiwis are being gouged at the checkout.

Southern sideline fare scores on price

coins, NZ money

NPC fans can expect to pay 55 per cent more for concessions in Auckland than in Invercargill.

A broker's view: Fletcher Building

Fletcher Building

Broker Grant Davies looks at the pros and cons of our stock of the week.

What your KiwiSaver fees pay for

piggy bank no money

All KiwiSaver investors pay fees but many have no idea what they're paying for.

Money tips I wish I knew then

piggy bank, savings

Favour earning money over acquiring status. Status involves spending money, working involves earning it.

Eftpos online plan may have a glitch

Online shopping cart

Some aspects of how online eftpos would work have yet to be resolved, Paymark says.

Money advice for your younger self

kids money piggy bank

What do you know now that would have given you a head-start when you were younger?

Court action filed against Prince and Partners

Justice

FMA files a lawsuit against the trustee of failed finance company Viaduct Capital, which owed investors $7.8m.

Fair Play on Fees files suits against Westpac, BNZ

Bank fees class action

Fair Play on Fees lawsuits against Westpac and BNZ at the High Court join action against ANZ and Kiwibank.

Eight's the age to get kids saving

piggy banks

Kids are more willing and able to learn good money habits than parents think.

Renters blissfully unaware of their risks

House fire, Waimate brigade training

Paying $500 a year to insure a flat filled with broken furniture and pizza boxes may actually be worth it.

Eftpos to go online

Online shopping cart

Consumers will soon be able to use their eftpos cards to shop online.

Auckland property values increasing

Generic house for sale

Auckland property values have jumped an average of 33 per cent over the past three years.

Trial of SCF trio finally at end

allan hubbard

Lachie McLeod has been described as too loyal and out of his depth, but not a fraudster.

SCF trial 'taking enormous toll' on defendant - lawyer

SCF, South Canterbury Finance

South Canterbury Finance trial taken "enormous toll" on defendant Edward Sullivan, court told.

Houses just 'as affordable'

house for sale

Houses are just as affordable now as they were 25 years ago, according to a property investors group.

Protecting income doesn't come cheap

rock climbing

OPINION: Derek was baulking at the $3500 price of income insurance and reconsidering the whole idea.

Face Value: Being frugal is a plus

A purse with cash.

BNZ's community finance head Frances Ronowicz thinks people should be less judgmental of those on lower incomes.

Indemnity for borrower queried

SCF, South Canterbury Finance

A judge has queried why SCF over borrowers' indemnity and held a Dunedin man in contempt.

The pitfalls of personal lending

A purse with cash.

Lending to family and friends is something most of us will encounter in our lifetimes and it's bound to stir up issues.

Man put in custody for contempt of court

SCF, South Canterbury Finance

A Dunedin man was taken into custody for contempt of court during the South Canterbury Finance trial yesterday.

Super duper rollercoaster valuations

Kakapo eggs

Savers in some older super schemes are being given bogus online valuations of their nest eggs.

Telemarketer fined over Slingshot campaign

Power Marketing has to pay for its part in a campaign that saw it mislead people into switching to Slingshot.

Baby steps to saving

baby

The huge array of items you're told you need for a baby can be made a lot more manageable.

Don't be afraid to complain

complaining customer

Next time you have a problem with your lender, credit card company or insurer, think about making a formal complaint.

Buyer confidence at 7-year low

house for sale

Confidence in the housing market is at its lowest point since 2007, says ASB.

IRD phone scammers extract thousands

Threatening phone scammers targeting IRD customers fleeced $6500 from one person.

Defence: Loan was disclosed

SCF, South Canterbury Finance

A $25m loan to buy an Auckland hotel, which is at the centre of eight charges faced by the three SCF accused, was disclosed, the defence says.

Growth fails to show in wages

Generic money

Christchurch and Canterbury wages and firm profitability still lag behind other regions, report shows.

Kiwi credit card debt on the rise

shopping consumer sale

Shoppers are increasingly pulling out their credit cards, eftpos company Paymark says.

Scheme aims to keep poor from loan sharks

Money Trap strap

Low and no-interest loan pilot scheme in Auckland may roll out to other cities.

ASB rethinks rate rise date

Percent

Dive in dairy prices and high dollar mean the Reserve Bank will hold official cash rate steady till March, says ASB.
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