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The Team from Resene ColorShop Mt Roskill
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The Team from Neighbourly.co.nz
New Zealand homeowners are now more likely to sell at a loss than at any time since 2013, and if you’re in Auckland or Wellington, the odds are even higher.
But there is a silver lining: buyers are still in a strong position when it comes to negotiating prices.
So we’re curious…
How … View moreNew Zealand homeowners are now more likely to sell at a loss than at any time since 2013, and if you’re in Auckland or Wellington, the odds are even higher.
But there is a silver lining: buyers are still in a strong position when it comes to negotiating prices.
So we’re curious…
How are you feeling about the current property market?
If you’re keen to dive into the details, Deborah Morris breaks down all the latest insights.
19 replies (Members only)
Brian from Mount Roskill
Almost 7000 pensioners have been affected by another Inland Revenue error.
Last week, RNZ reported that 4500 people had overpaid tax after their imputation credits had been incorrectly recorded in their prep-populated tax returns.
Others got in touch and said they had also experienced a problem, … View moreAlmost 7000 pensioners have been affected by another Inland Revenue error.
Last week, RNZ reported that 4500 people had overpaid tax after their imputation credits had been incorrectly recorded in their prep-populated tax returns.
Others got in touch and said they had also experienced a problem, this time with the way that NZ Super was recorded for ACC purposes.
One man said he had been charged $301.68 in ACC earner levy for $18,854.98 of gross income from NZ Super that should not have attracted a levy at all.
He said he was not able to control this when he completed his return and did not realise the error until the process was complete.
He said he did not think a lot more about it but when he saw RNZ's reporting of the other error, he realised that there had been at least two this year.
"This really starts to suggest a deficiency in change control of IRD systems."
Another couple said they wanted assurance that Inland Revenue had taken steps to stop it happening again.
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Inland Revenue said 6778 people were affected.
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"There was an issue identified earlier this year where we were not populating the 'earnings not liable' figure correctly for some customers. We fixed those returns for the customers in July 2025."
Chartered Accountants Australia New Zealand tax leader John Cuthbertson said ACC was not paid on NZ Super because it was not liable income.
"However, if you're working and receiving NZ Super, your earnings from that work do attract levies."
"The advancements in digitalisation and MyIR have been quite incredible, except when it goes wrong like this. You shouldn't need a Chartered Accountant to check prepopulated forms, but the average person might not know that super income does not attract ACC levies. We used to say 'google it' but many taxpayers are now using AI to do a basic check of their tax returns, asking simple questions like 'Should I pay 'x' levy on 'y' income?"
Angus Ogilvie, managing director of Generate Accounting Group, said it was concerning that issues seemed to be leading to erroneous data being prepopulated into Inland Revenue's system.
"The new software employed was a very costly and complex project. However, taxpayers should expect that there is a high level of diligence applied to get their tax obligations right. Let's hope that the department is devoting urgent resource to correct these issues".
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Tara from Morningside
The table will be outside by the footpath at 4 Collingwood St,Freeman’s Bay.
Free
The Team from New Zealand Police
Police are reminding people to keep their homes secure during the summer months.
Inspector Glenda Barnaby, Christchurch Area Prevention manager, says daytime burglaries are just as common as nightime burglaries.
“Burglaries can be committed at any time of the day, and coming into warmer … View morePolice are reminding people to keep their homes secure during the summer months.
Inspector Glenda Barnaby, Christchurch Area Prevention manager, says daytime burglaries are just as common as nightime burglaries.
“Burglaries can be committed at any time of the day, and coming into warmer months there is more opportunity for thieves."
"Although a majority of burglaries involve forced entry through windows and doors, we are starting to see more incidents at insecure premises. Police deal with cases where burglaries are committed in broad daylight, sometimes even while the victim is at home. Good weather means open doors and windows, which makes homes more vulnerable to burglars.”
Inspector Barnaby says there’s a few things people can do to reduce their changes of a burglary being committed.
⚠️ If you’re going outside for gardening, relaxing in the sun, or working in the garage, take a moment to lock your doors and secure your windows first.
⚠️ Do the same at night when you go to bed - keep your doors and windows secure and close your curtains. Fitting window stays means you can get a breeze coming through, while keeping your windows secure.
⚠️ Get to know your neighbours - let them know if you’re going away and look out for one another.”
If you see any suspicious activity, people or vehicles in your neighbourhood, don't hesitate to contact Police.
If you witness or suspect any illegal activity, please call 111 if it is happening now, or make a report through 105 either online or over the phone, if it is after the fact.
Brian from Mount Roskill
While New Zealand might have about a dozen sectors paying at least a median $100,000 a year, there are almost as many paying barely more than the minimum wage.
Data compiled by Infometrics showed the median and mean salaries across industries throughout the country.
The data does not adjust for … View moreWhile New Zealand might have about a dozen sectors paying at least a median $100,000 a year, there are almost as many paying barely more than the minimum wage.
Data compiled by Infometrics showed the median and mean salaries across industries throughout the country.
The data does not adjust for hours worked, and some of the workers may not be working a 40-hour week.
But it shows that on an annual basis, many sectors were not delivering incomes that were equal to the minimum wage.
The minimum wage of $23.50 an hour works out to just under $49,000 a year for a full-time, 40-hour a week worker.
Fuel retailing was paying a median of almost exactly the same amount.
Food retailing was paying less, at $45,030. Accommodation was slightly more, at $49,240, and food and beverage services was significantly less at $40,170.
Also within $10,000 of minimum wage were "other store-based retailing" at $53,220, sport and recreation services at $53,350 and personal and other services at $54,170.
Ministry of Business, Innovation and Employment data last year showed that about 141,900 people would be directly affected by the minimum wage rising to $23.50, indicating they were at that point being paid less than that amount per hour.
Infometrics principal economist Nick Brunsdon said skills and experience explained a lot of the variation in incomes.
"Industries that need a more skilled workforce generally pay more - because they can get a lot of value out of their workers, and workers need a good incentive to gain those skills - for example, medicine. Industries that take in a lot of lower qualified staff, like hospitality, can get away with paying a lot less, and still get plenty of job applicants.
"There are other factors like desirability - some jobs might not have a high skill requirement but are somewhat undesirable - say underground coal mining - so higher pay is necessary to find workers."
CTU policy director and economist Craig Enney said "hours adequacy" was a big problem in many sectors.
"You've got someone who's working 20 hours a week or 25 hours, on $25 an hour, so you're earning $500 a week. Is that enough? No.
"The challenge is often about the structure of employment in some of those sectors…In hospo, in retail, in catering, in a range of other sort of service-based industries, it's wanting more hours and not getting it."
The latest labour market statistics showed the the number of underutilised people in the country had risen to 403,000.
"These are people who want more hours, want more work and can't get it. And that may be a key reason why, you know, total incomes are so inadequate for some people. And that's also partially helping to explain why the headline unemployment rate is not rising as quickly as some people had predicted."
Jake Lilley, a spokesperson for financial mentor network Fincap, said it was something mentors dealt with.
"They also help people work out what is realistic in terms of taking on hours while balancing additional childcare costs. Our latest Voices reporting recorded 31 percent of those supported by a financial mentor as having a mix of income from salary or wages as well as income support.
"It is a real juggle to navigate finances when unpredictable sporadic hours of work need reporting to Work and Income in what can be impractical timeframes. An example might be someone being asked to stay on for a longer shift by their manager and being unable to contact Work and Income when that day is the deadline to report other income.
"Someone might also not know exactly what their pay will be until a payslip is provided after the reporting date. Such situations can often result in overpayment debts from Work and Income compounding the difficulty of administering already tight finances."
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Janai from Sandringham
Selling this 5pc Spider-Man Beach Set and Finding Nemo Bucket as no longer required.
As per pics these are in excellent condition and were barely used.
Use at the beach, playground, backyard or even in the bath!
From smoke and pet free home.
Pick up is in Sandringham (near St Luke’s mall).
Price: $10
Janai from Sandringham
Selling this kids step stool as no longer required.
As per photos it’s in good condition with plenty of life left in it.
Origjnally purchased from Farmers and has been used by two boys.
Sturdy and solid with non slip surface.
… View moreSelling this kids step stool as no longer required.
As per photos it’s in good condition with plenty of life left in it.
Origjnally purchased from Farmers and has been used by two boys.
Sturdy and solid with non slip surface.
From smoke and pet free home.
Pick up is in Sandringham (near St Luke’s mall).
Price: $15
Janai from Sandringham
Selling this kids Learn To Tie Shoe Laces as no longer required.
As per photos it’s in perfect condition as hardly used.
Great way to help kids learn to tie their shoe laces in a fun way.
From smoke and pet free home.
Pick up is in Sandringham (near St Luke’s mall).
Price: $10
Janai from Sandringham
Selling this Minecraft Plushy (Technoblade) as no longer required.
As per photos it’s in good condition with plenty of life left in it.
Measures approx 30cm.
From smoke and pet free home.
Pick up is in Sandringham (near St Luke’s mall).
Price: $15
Janai from Sandringham
Selling this Roblox Ultimate Guide Collection books as no longer required.
As per photos they’re in excellent condition as hardly used.
Pick up is from Sandringham (near St Luke’s mall).
Price: $30
Janai from Sandringham
Selling this Marvel Hooded Towel / Oodie as no longer required.
As per photos it’s in excellent condition as hardly worn.
Can be used as an oodie or for swimming.
Size: 12-16yrs
From smoke and pet free home.
Price: $25
Janai from Sandringham
Selling this fun kids sprinkler as no longer required.
In great condition with plenty of life left in it as hardly used.
Pick up is from Sandringham (near St Luke’s mall)
Price: $20
Janai from Sandringham
BRAND NEW Parklane Jewellery.
3 pieces of beautiful jewellery. Brand new and never worn.
Please note: Not real gold!
All pieces are Hypoallergenic, Lead and Nickel Free.
… View moreBRAND NEW Parklane Jewellery.
3 pieces of beautiful jewellery. Brand new and never worn.
Please note: Not real gold!
All pieces are Hypoallergenic, Lead and Nickel Free.
Details:
Lifestyle Bracelet - Cute lattice bracelet that flexes to fit most wrists.
Retails: $48
Selling: $40
Roo Necklace - Circle of crystals and measures 15”+3”
Retails: $36
Selling: $30
Craze Barrel Necklace - Gold barrel shaped pendant with a micro pave setting and clear crystals. Measures 15”+3”
Retails: $36
Selling: $30
Buy all 3 pieces for $100 or can sell separately at prices listed above.
Each piece comes with a drawstring gift bag.
Perfect for Christmas gift.
Pick up is from Sandringham (near St Luke’s mall).
Price: $30
Janai from Sandringham
Selling these two Sea World drink bottles as not needed.
$10 for both of them ($5 a bottle!).
Brand new and never used.
Pick up Sandringham (near St Luke’s mall).
Price: $10
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