Money News

Auckland property market gains expected video

mortgage, money

Property investors say low interest rates and demand from foreign investors and migrants will keep the market strong.

Interest hike deemed unlikely

Reserve Bank of New Zealand left the official cash rate unchanged for the third policy meeting in a row.

Reserve Bank did not need to lift interest rates this year and may not need to raise them again next year, as low inflation is balancing out growth.

UK pension ‘press-gang’ warning

QSuper manages public servants' nest eggs worth about $50 billion.

Financial Markets Authority is monitoring potentially misleading advertising about British pension scheme funds.

Reverend jailed for tax evasion

Prison, jail

IRD says Auckland man ignored offers of help over $1 million owed in tax.

More Aucklanders can't afford heating

Heater

Nearly 6 per cent of dwellings in Auckland never use heating, according to a new survey by Statistics NZ.

Scammers busy in festive season

The problem with using the internet is you never know who is eavesdropping on you.

Bank of New Zealand is warning customers to stay vigilant, as victims of scams are on the rise.

Finance companies charged

Allan Hawkins (pictured in 2004).

The firms, controlled by 1980s high-flier Allan Hawkins, face criminal charges for allegedly misleading debtors.

Cure your Xmas spending hangover

FINANCIAL HANGOVER: Christmas spending can easily get out of control without planning.

OPINION: Don't let go of your common sense go when it comes to spending money this Christmas.

'Predatory' banks muscle in

Finance companies say banks are targeting their customers.

Finance company profits double despite banks targeting their customers.

Smelting trash into treasure

There's money to be made from old jewellery.

Wedding rings, fillings, grandpa's watch, dust - all are reborn as shiny new bullion. 

Tips to foil the fraudsters

Kirk Hope, NZ Bankers' Association Chief Executive.

OPINION: How to keep your hard-earned cash safe over the Christmas season.

How to pick the best credit card

CHRISTMAS SPEND-UP: Canstar estimates New Zealanders will spend roughly $3.5 billion on credit cards this month.

If you never quite pay off your credit card balance, you should probably avoid reward schemes.

Co-op Bank hit by phishing scam

DON'T CLICK: Co-operative Bank customers were advised to delete the scam email.

Scam email asks customers to "kindly complete the verification process to avoid account suspension".

Festive spending picks up

SLOW START: But with 10 days to go until Christmas, spending is starting to pick up.

After a sluggish start to the Christmas shopping season, people now appear happier to open their wallets.

Christmas spending picks up

Christmas goodwill takes many forms: rarely is a genuine redistribution of wealth one of them.

We're spending more on entertainment and at the supermarket this year.

Good news for tenants

rent

A healthy supply of rental properties offers tenants plenty of choice, Trade Me says.

Want to be in the know?

A lobbyist is defined as anyone who lobbies (for financial reward) on behalf of a third party.

It's the quality and variety of your social contacts, not the number, that counts.

Gold adds lustre to oil's fall

Petrol

OPINION: Some lucky Californians were paying US$2.55 a gallon for their petrol on Friday. That's around 80 cents a litre.

Kiwi outlook mixed

Rows of luggage at an airport.

Cars, televisions and an Australian holiday could become cheaper next year, while exporters might also be better off due to the mixed outlook for the New Zealand dollar.

Moving? Don't let it cost you

MONEY MOVER: With a little help from your friends, moving doesn't have to cost the earth.

Schlepping your life's accumulation of junk from house to house is exhausting, but provides a unique opportunity to de-clutter.

Follow simple money rules

WORK ETHIC: ANZ chief financial officer Antonia Watson says if you work in a career you enjoy, you’ll work harder and be more successful.

Antonia Watson learned the hard way to spurn speculative stocks and now goes long.

Couple battles under-value sale

I"S A STEAL: The Hatfields Beach property was snapped up for a bargain price.

"We've lost everything....Can you imagine being almost 60 and all of a sudden you owe $800,000?"

Furore over jersey prices continues

The All Blacks jersey is selling for less in the UK than it does in NZ.

Once again, the Poms are getting a better deal on the new All Blacks jersey than Kiwis.

Insurance: answering the 'what if' question

Healthcare costs can be shocking

How do you figure out how much life insurance cover you need?

Boycott leads to sale

SELLING UP: Masterton Night ’n Day and Gull operator Nick Lucas is selling the franchise after an outcry over revelations that he docked employees’ wages when customers drove-off without paying.

A petrol station owner who docked workers' wages when customers drove off without paying is selling up after the backlash.

References 'impressive'

Ed Sullivan steps into the dock at the High Court at Timaru.

Judge who sentenced former SCF director Edward Sullivan on five charges had never before seen such an "impressive array of character references when sentencing someone".

Claim against Canty investor fails

Ex-Nelson man David Teece.

High-profile expat investor has had a US$3.4m claim against him dismissed.

Fraudster's legal bill approved

DAVID ROSS: Jailed for 10 years and 10 months for running a fraudulent scheme through his asset management company,

The $220,000 held in trust will be released to pay counsel who represented NZ's biggest fraudster, David Ross.

Low fuel price = big spenders

Consumer confidence perks up as petrol prices dive in the run-up to Christmas.

Investors eye Sth Auckland

A parliamentary inquiry into foreign ownership in Australian real estate has recommended changes.

OPINION: Some investors are buying multiple homes in South Auckland.

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