A 30% rate rise bomb is ticking

A 30% rate rise bomb is ticking
Repair costs on Wellington Town Hall keep blowing out. (Image: NZME)
Cameron Bagrie
Thirty percent.It is conceivable that rates will increase that much over the coming two years.I’m putting it on the table to drive realism.Household rates were up almost 10% in the year to September while dwelling insurance costs rose 21%, a double whammy to homeowners and property investors alike, with those sorts of numbers having a material impact on cashflow. Hamilton ratepayers are already facing a 25.5% potential rise, Wellington city residents around 15% and 20%, following prior year double-digit increases, a reflection of a c...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025