NZ Politics Thread

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Ted.
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Re: NZ Politics Thread

Post by Ted. »

booji boy wrote: Wed Oct 13, 2021 3:33 pm
Mr Mike wrote: Wed Oct 13, 2021 2:57 pm
booji boy wrote: Wed Oct 13, 2021 1:53 pm The bounceback is still pretty impressive post the first lockdown. The September and December quarters of this year will be extremely depressing though with Auckland at or near full lockdown for most of that period. :uhoh:
They had you at “no CGT” and the token top marginal tax rate increase was just gravy, you ideological floozy…
Wot?
:lol:

And don't for a second believe Mike's nonchalance. ;)
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Ted.
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Re: NZ Politics Thread

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By the bye, do we all remember the discussions around power usage, power companies rigging the market and gouging for all they were worth, T Why and other energy related stuff?

We had the discussion on large scale electricity storage, right. Well it has lurched a step closer to reality.
Govt awards $11.5m contract to investigate feasibility of Lake Onslow power scheme

The Government has awarded an $11.5 million contract to a consortium to investigate the feasibility of a hydro storage scheme at Lake Onslow in Central Otago to generate power in dry years.

The contract was awarded to Te Rōpū Matatau, led by engineering consultancy Mott MacDonald New Zealand, with engineering consultancy firm GHD, and environmental planning and design consultancy Boffa Miskell.
https://www.stuff.co.nz/business/126683 ... wer-scheme

Yay for the government. We might actually get there in the end.
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Re: NZ Politics Thread

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Ted. wrote: Fri Oct 15, 2021 12:47 am By the bye, do we all remember the discussions around power usage, power companies rigging the market and gouging for all they were worth, T Why and other energy related stuff?

We had the discussion on large scale electricity storage, right. Well it has lurched a step closer to reality.
Govt awards $11.5m contract to investigate feasibility of Lake Onslow power scheme

The Government has awarded an $11.5 million contract to a consortium to investigate the feasibility of a hydro storage scheme at Lake Onslow in Central Otago to generate power in dry years.

The contract was awarded to Te Rōpū Matatau, led by engineering consultancy Mott MacDonald New Zealand, with engineering consultancy firm GHD, and environmental planning and design consultancy Boffa Miskell.
https://www.stuff.co.nz/business/126683 ... wer-scheme

Yay for the government. We might actually get there in the end.
There goes my uncle’s trout fishing possie...
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Re: NZ Politics Thread

Post by Tehui »

Ted. wrote: Fri Oct 15, 2021 12:47 am By the bye, do we all remember the discussions around power usage, power companies rigging the market and gouging for all they were worth, T Why and other energy related stuff?

We had the discussion on large scale electricity storage, right. Well it has lurched a step closer to reality.
Govt awards $11.5m contract to investigate feasibility of Lake Onslow power scheme

The Government has awarded an $11.5 million contract to a consortium to investigate the feasibility of a hydro storage scheme at Lake Onslow in Central Otago to generate power in dry years.

The contract was awarded to Te Rōpū Matatau, led by engineering consultancy Mott MacDonald New Zealand, with engineering consultancy firm GHD, and environmental planning and design consultancy Boffa Miskell.
https://www.stuff.co.nz/business/126683 ... wer-scheme

Yay for the government. We might actually get there in the end.
Ted, I'm interested to hear your views on what you think the government should do with regards to how the Lake Onslow scheme should operate and why.
It is not known who might own and operate the Lake Onslow scheme and whether it would run on a commercial basis.
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Re: NZ Politics Thread

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Tehui wrote: Fri Oct 15, 2021 6:30 am
Ted. wrote: Fri Oct 15, 2021 12:47 am By the bye, do we all remember the discussions around power usage, power companies rigging the market and gouging for all they were worth, T Why and other energy related stuff?

We had the discussion on large scale electricity storage, right. Well it has lurched a step closer to reality.
Govt awards $11.5m contract to investigate feasibility of Lake Onslow power scheme

The Government has awarded an $11.5 million contract to a consortium to investigate the feasibility of a hydro storage scheme at Lake Onslow in Central Otago to generate power in dry years.

The contract was awarded to Te Rōpū Matatau, led by engineering consultancy Mott MacDonald New Zealand, with engineering consultancy firm GHD, and environmental planning and design consultancy Boffa Miskell.
https://www.stuff.co.nz/business/126683 ... wer-scheme

Yay for the government. We might actually get there in the end.
Ted, I'm interested to hear your views on what you think the government should do with regards to how the Lake Onslow scheme should operate and why.
It is not known who might own and operate the Lake Onslow scheme and whether it would run on a commercial basis.
Nationalised, though not necessarily of course. You and I a=have both seen Transmission Gully and the alternative is entirely private. I doubt they have the wherewithal to investigate, consent it and build it.

Publicly owned, may, or may not include Iwi involvement. It depends if they want to be in on such a scheme, all it involves and the connotations. Actually, I think they should, and would, jump at the chance.
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Re: NZ Politics Thread

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It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
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Re: NZ Politics Thread

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Just as an aside, not relating to anything, but does anyone else note how quiet it is in this thread now? :roll:
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Re: NZ Politics Thread

Post by Tehui »

Enzedder wrote: Fri Oct 15, 2021 7:15 am Just as an aside, not relating to anything, but does anyone else note how quiet it is in this thread now? :roll:
You mean, without Cheech and Chong smoking up the thread? I'm glad they exchanged mobile numbers and took their daily arguments out of my view.
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Re: NZ Politics Thread

Post by Davedj77 »

Tehui wrote: Fri Oct 15, 2021 7:25 am
Enzedder wrote: Fri Oct 15, 2021 7:15 am Just as an aside, not relating to anything, but does anyone else note how quiet it is in this thread now? :roll:
You mean, without Cheech and Chong smoking up the thread? I'm glad they exchanged mobile numbers and took their daily arguments out of my view.
Dark is/was one of the worst posters in the history of the bored.
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Re: NZ Politics Thread

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Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
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Re: NZ Politics Thread

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Enzedder wrote: Fri Oct 15, 2021 7:15 am Just as an aside, not relating to anything, but does anyone else note how quiet it is in this thread now? :roll:
I think the covid thread has largely taken over. Plus as others have pointed out the twins seem to have taken it elsewhere.
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Re: NZ Politics Thread

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guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
Madness. How are a few corporate fatcats and shareholders going to make exorbitant profits at the expense of the ordinary citizens if you do that?
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Re: NZ Politics Thread

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Fat Old Git wrote: Fri Oct 15, 2021 8:42 am
guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
Madness. How are a few corporate fatcats and shareholders going to make exorbitant profits at the expense of the ordinary citizens if you do that?
Yes, well my brand of irresponsible socialism would ruin the country, of course.
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Re: NZ Politics Thread

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guy smiley wrote: Fri Oct 15, 2021 8:53 am
Fat Old Git wrote: Fri Oct 15, 2021 8:42 am
guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
Madness. How are a few corporate fatcats and shareholders going to make exorbitant profits at the expense of the ordinary citizens if you do that?
Yes, well my brand of irresponsible socialism would ruin the country, of course.
Yes, how dare you gs. :lol:

Just to give a not dissimilar example, I'll jump in. I am an electrical engineer and do a lot of work with the local electrical supplier here in BC. BC Hydro. It is provincially owned and run (BC Govt as opposed the Federal Govt), and considered an essential service. But also must run at a profit as there is the threat of out-sourcing hanging over them. Most (if not all) power is Hydro electric so similar running costs to NZ. And it is bloody expensive here I think - although don't know NZ costs. My average daily cost is about $10, so $300/m, for a 350 sq m older house (gas hot water and hobb). As I said, not cheap, but it is a really stable supply with excellent support services and continually upgraded to meet excellent standards.
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Re: NZ Politics Thread

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guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
As you both will have no doubt have gathered by now, I'm pretty much of the same view.

The only funding that can get these things properly off the ground in NZ, is our money. That we gave those power generating assets, among others, away to our own detriment, borders on criminal.
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Re: NZ Politics Thread

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guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
Then I guess you are going to hate the 400 megawatt clean, green, renewable solar power station about to be built just outside Taupo by a private company.
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Re: NZ Politics Thread

Post by Ted. »

booji boy wrote: Sat Oct 16, 2021 5:01 am
guy smiley wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:10 am It's not a subject that I know a lot about, but other family members of mine work in that sector. I'm philosophically in favour of major items like this being nationalised. At the end of the day, I just want the country and its citizens to be looked after. I don't see selling our assets or privatization as achieving that.
My view is that there are certain essentials such as power supply that fall under a national security umbrella and should be publicly owned and operated by expert handlers.
Then I guess you are going to hate the 400 megawatt clean, green, renewable solar power station about to be built just outside Taupo by a private company.
Stacking solar panels together, each panel is a known quantity and a good deal of the engineering is done in a factory, probably offshore, is like building with lego or buyingh clothes off the rack, even when compared to wind generation. So it's absolute chicken feed compared to the engineering and outlay involved with a the large hydro schemes, and more so with the large hydro-battery ,we are talking about.

Even a corporate, with all the pressures and fiscal safety first they operate under, shouldn't be able to fudge that up too badly. However, as soon as such things as complex geotech hoves into view, they should rightly get out of the way.

Mind you, I'm not sure we have the people that can do that stuff any more. They're around, my brother is one, but they are scattered across the private sector now and many will have retired or be reaching retirement age pretty soon. That leaves us at the mercy of overseas firms. :(
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Re: NZ Politics Thread

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Here's a turn up for the books. No one saw this coming. Good on them I say, helping NZ'ers get into shiny new housing instead of cramming them into basement slums.
Property investors ditch the old for the new

It is out with old properties and in with new for many property investors trying to better manage their investments in the face of new rules, experts say.

The Government's new investor tax policies, which removed the ability to deduct interest payments on rental properties and extended the bright line test, have changed the game for many investors.

But there are exemptions on these policies for new builds and that, on top of the requirements for rental properties in the Healthy Homes standards, was prompting investors to change their strategy,

...
https://www.stuff.co.nz/life-style/home ... or-the-new
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Re: NZ Politics Thread

Post by Fat Old Git »

Have we seen an increase in first home buyer numbers as a result? Has housing affordability improved?
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Re: NZ Politics Thread

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Fat Old Git wrote: Sat Oct 16, 2021 6:42 am Have we seen an increase in first home buyer numbers as a result? Has housing affordability improved?
No.
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Re: NZ Politics Thread

Post by Brabus »

Flockwitt wrote: Sat Oct 16, 2021 6:53 am
Fat Old Git wrote: Sat Oct 16, 2021 6:42 am Have we seen an increase in first home buyer numbers as a result? Has housing affordability improved?
No.
Indeed housing prices have only accelerated.
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Re: NZ Politics Thread

Post by booji boy »

Ted. wrote: Sat Oct 16, 2021 6:18 am Here's a turn up for the books. No one saw this coming. Good on them I say, helping NZ'ers get into shiny new housing instead of cramming them into basement slums.
Property investors ditch the old for the new

It is out with old properties and in with new for many property investors trying to better manage their investments in the face of new rules, experts say.

The Government's new investor tax policies, which removed the ability to deduct interest payments on rental properties and extended the bright line test, have changed the game for many investors.

But there are exemptions on these policies for new builds and that, on top of the requirements for rental properties in the Healthy Homes standards, was prompting investors to change their strategy,

...
https://www.stuff.co.nz/life-style/home ... or-the-new
The tax deductibility rules around new builds versus existing stock is a win for the Govt policy hopefully increasing overall housing supply. Not sure it will help housing affordability for the first time home buyer but hopefully it will increase the number of rental properties available which is also very important.
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Re: NZ Politics Thread

Post by Brabus »

I bought my Auckland fairly central property, 15 minutes to down town via the southern motorway, sans traffic. We are talking 1080m2 section, 4 bedrooms, purchased 21 years ago for $193K, for some reason I'm now being told that my property is valued at $1.6 to $1.8 Million. That is farken ridiculous! Since Labour took power my property has gone up $600 to $800K and that is just on the CV I'm sure I could get many more thousands should I put it on the market.

But here is the kicker, many children in school, I'd love to go to Havelock North, downsize. Cash up and move to the BOP. But that is a dream for another day, I've made bank on my property due largely to politics, politics that neither National or Labour want to actually address. It's all just words. Neither party wont address the housing "crysis" because it won't suit their ends. They will talk a good game but you do not derail a train that you are on.
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Re: NZ Politics Thread

Post by Eugenius »

According to the opposition there wasn’t a crisis anyway . Or maybe now there is , I’m confused .

Exploding the resource management act to make ‘building easier’ is their only contribution.

Labour is merely tinkering around the edges , even with the bright light property tax and remain terrified of the capital owning classes .

It’s a shitty state of affairs.
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Re: NZ Politics Thread

Post by Brabus »

Eugenius wrote: Sat Oct 16, 2021 11:17 am According to the opposition there wasn’t a crisis anyway . Or maybe now there is , I’m confused .

Exploding the resource management act to make ‘building easier’ is their only contribution.

Labour is merely tinkering around the edges , even with the bright light property tax and remain terrified of the capital owning classes .

It’s a shitty state of affairs.
The "crisis" was an invention of Labour. Crisis by definition means a point at which one must act. The problem is the actions that this government has undertaken has made situation worse.
So in this we agree, it is a shitty state of affairs.
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Re: NZ Politics Thread

Post by Eugenius »

It hasn’t made it worse .

Where the market is was utterly predictable.
It had little to do with Labour’s tinkering either way .
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Re: NZ Politics Thread

Post by Brabus »

Eugenius wrote: Sat Oct 16, 2021 12:52 pm It hasn’t made it worse .

Where the market is was utterly predictable.
It had little to do with Labour’s tinkering either way .
Labour campaigned on fixing the "crisis". In reality price increases have accelerated.
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Re: NZ Politics Thread

Post by Flockwitt »

Right then, so, action on the housing front. A bi-partisan effort from both Labour and National, what's that again you say?

https://www.stuff.co.nz/life-style/home ... ing-market

In principle I could see this higher density housing plan work. The new New Zealanders who are part and parcel of gobbling up the houses don't want their 1/4 acre pavlova paradise. And new home owners just want a house. But I know jackshit about the realities of execution here. Anybody with half an ounce more insight able to shed some light?

(stupid covid fixation shunting this off to a minor news headline)
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Re: NZ Politics Thread

Post by Enzedder »

Oh man, I wish I could buy a house in Harrowfield here in Hamilton - bowl it and build a 3 story place. The apoplexy would be nuclear in proportion.

(Would this law override building covenants?)
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Re: NZ Politics Thread

Post by Gordon Bennett »

With these new rules, I suspect the value of my plot of land has doubled or something overnight. 900sqm of land in central Hutt. It already had a ridiculous value, but now you could build 3x3 storey houses on it without consenting and, I suspect, you could fit more like 6-8 given the numbers they can fit on sites when parking isn't required and I reckon a developer could pay $5m for a plot like the one I live on and still make a very tidy profit...

...except for the looming rises in interest rates. I wonder what interest rates have to go up before we'll start to see a load of people unable to service the humungous mortgages they now sit on. Negative equity is a real risk.
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Re: NZ Politics Thread

Post by guy smiley »

Gordon Bennett wrote: Tue Oct 19, 2021 8:54 am It already had a ridiculous value, but now you could build 3x3 storey houses on it without consenting and, I suspect, you could fit more like 6-8 given the numbers they can fit on sites when parking isn't required and I reckon a developer could pay $5m for a plot like the one I live on and still make a very tidy profit...
There's the very real risk in this announcement...

a rush to cash in with shithouse designs, equally shithouse construction standards and zero infrastructure development to support higher density living...
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Re: NZ Politics Thread

Post by Brabus »

guy smiley wrote: Tue Oct 19, 2021 9:05 am
Gordon Bennett wrote: Tue Oct 19, 2021 8:54 am It already had a ridiculous value, but now you could build 3x3 storey houses on it without consenting and, I suspect, you could fit more like 6-8 given the numbers they can fit on sites when parking isn't required and I reckon a developer could pay $5m for a plot like the one I live on and still make a very tidy profit...
There's the very real risk in this announcement...

a rush to cash in with shithouse designs, equally shithouse construction standards and zero infrastructure development to support higher density living...
Yep. Especially on the Infrastructure front which is typically forgotten in the hype.
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Re: NZ Politics Thread

Post by Gordon Bennett »

Plus, even the existing infrastructure that exists isn’t up to scratch. How much is the calculated investment deficit in three waters? $200bn or something. If something can be done half arsed in this country, you can pretty much guarantee it’ll be done even more inadequately than that.
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Re: NZ Politics Thread

Post by guy smiley »

Gordon Bennett wrote: Tue Oct 19, 2021 10:08 am Plus, even the existing infrastructure that exists isn’t up to scratch. How much is the calculated investment deficit in three waters? $200bn or something. If something can be done half arsed in this country, you can pretty much guarantee it’ll be done even more inadequately than that.
A guy I work with has a place in Waihi Beach, he's been in there for a little while, I'm not sure how long. One of his neighbours reports in the 3 years she's lived there the water has been cut off 28 times due to poor quality materials used in the construction phase. He's got a running battle going with a 'developer' over his back fence... a property lawyer from Taupo who is subdividing an older large property. They've been contouring the sections they've set out and have caused flooding to all the existing properties on the fence line because they've stuffed up the levelling.

This is NZ in a nutshell, right?
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Re: NZ Politics Thread

Post by Fat Old Git »

Local councils seem to have been blindsided by this. Which is a bit concerning given it will be them who needs to supply the supporting infrastructure.

Still, good to see the 2 main parties actually working together like semi functioning adults, instead of a rabble of kindergarteners for a change.
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Re: NZ Politics Thread

Post by Fat Old Git »

On the not so good news front.
New Zealanders' wages failing to keep up with rate of inflation

With the cost of living skyrocketing and wages failing to keep up, it's never been so expensive to simply exist.

Inflation, which measures the increasing cost of everything we buy, is now near 5 percent - but people's pay packets aren't growing with it.

Official data shows 46 percent of workers got no pay rise in the year to June, and while 38 percent did get a boost it was less than inflation's 5 percent. A lucky 16 percent got an increase over 5 percent.
https://www.newshub.co.nz/home/money/20 ... ation.html

And if you're a rich bugger in the public service earning more than 60K a year you won't be expecting a pay rise for another 4 years or so.
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Re: NZ Politics Thread

Post by Eugenius »

Davedj77 wrote: Fri Oct 15, 2021 7:58 am
Tehui wrote: Fri Oct 15, 2021 7:25 am
Enzedder wrote: Fri Oct 15, 2021 7:15 am Just as an aside, not relating to anything, but does anyone else note how quiet it is in this thread now? :roll:
You mean, without Cheech and Chong smoking up the thread? I'm glad they exchanged mobile numbers and took their daily arguments out of my view.
Dark is/was one of the worst posters in the history of the bored.
Something wasn’t quite right there , he was pathological.
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Re: NZ Politics Thread

Post by guy smiley »

Fat Old Git wrote: Tue Oct 19, 2021 9:30 pm On the not so good news front.
New Zealanders' wages failing to keep up with rate of inflation

With the cost of living skyrocketing and wages failing to keep up, it's never been so expensive to simply exist.

Inflation, which measures the increasing cost of everything we buy, is now near 5 percent - but people's pay packets aren't growing with it.

Official data shows 46 percent of workers got no pay rise in the year to June, and while 38 percent did get a boost it was less than inflation's 5 percent. A lucky 16 percent got an increase over 5 percent.
https://www.newshub.co.nz/home/money/20 ... ation.html

And if you're a rich bugger in the public service earning more than 60K a year you won't be expecting a pay rise for another 4 years or so.
How much of that inflation rate is caused by house price rises? If we take that out of the equation are other prices also rising?
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Re: NZ Politics Thread

Post by Fat Old Git »

guy smiley wrote: Tue Oct 19, 2021 9:47 pm
Fat Old Git wrote: Tue Oct 19, 2021 9:30 pm On the not so good news front.
New Zealanders' wages failing to keep up with rate of inflation

With the cost of living skyrocketing and wages failing to keep up, it's never been so expensive to simply exist.

Inflation, which measures the increasing cost of everything we buy, is now near 5 percent - but people's pay packets aren't growing with it.

Official data shows 46 percent of workers got no pay rise in the year to June, and while 38 percent did get a boost it was less than inflation's 5 percent. A lucky 16 percent got an increase over 5 percent.
https://www.newshub.co.nz/home/money/20 ... ation.html

And if you're a rich bugger in the public service earning more than 60K a year you won't be expecting a pay rise for another 4 years or so.
How much of that inflation rate is caused by house price rises? If we take that out of the equation are other prices also rising?
I think housing is a big part of it for sure, but it's far from the only thing that has increased. From the article.
If you need some context for your claim, this is what now costs more: rent, rates, insurance, clothing, furniture, and food.

"Our prices, if I look at four weeks of June, compared to the most recent four weeks, we're somewhere between 2 to 3 percent up in total basket price, the bulk of that is contained in the supplier price increases," says Foodstuffs North Island CEO Chris Quinn.

Newshub has obtained internal data from Foodstuffs North Island, which owns New World and Pak'nSave stores. It shows almost 7 percent of all food producers asked for their prices on the shelf to be hiked in September - that's 47 percent more than last year.

"That's higher than we have seen for quite some time," Quinn adds.

The average price increase was about 6 percent, but some were as high as 20 percent.
I know my rates and insurances increases have been increasing far higher than inflation. And our grocery bill is taking the piss.
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booji boy
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Re: NZ Politics Thread

Post by booji boy »

guy smiley wrote: Tue Oct 19, 2021 9:47 pm
Fat Old Git wrote: Tue Oct 19, 2021 9:30 pm On the not so good news front.
New Zealanders' wages failing to keep up with rate of inflation

With the cost of living skyrocketing and wages failing to keep up, it's never been so expensive to simply exist.

Inflation, which measures the increasing cost of everything we buy, is now near 5 percent - but people's pay packets aren't growing with it.

Official data shows 46 percent of workers got no pay rise in the year to June, and while 38 percent did get a boost it was less than inflation's 5 percent. A lucky 16 percent got an increase over 5 percent.
https://www.newshub.co.nz/home/money/20 ... ation.html

And if you're a rich bugger in the public service earning more than 60K a year you won't be expecting a pay rise for another 4 years or so.
How much of that inflation rate is caused by house price rises? If we take that out of the equation are other prices also rising?
You better believe it.

Quarterly change

In the September 2021 quarter compared with the June 2021 quarter, the CPI rose 2.2 percent (2.1 with seasonal adjustment).

Housing and household utilities rose 2.6 percent, influenced by higher prices for home ownership (up 4.5 percent) and property rates and related services (up 7.0 percent).Transport rose 4.2 percent, influenced by private transport supplies and services (up 5.1 percent) and passenger transport services (up 17 percent).Food rose 2.7 percent, influenced by fruit and vegetables (up 11 percent) and grocery food (up 1.3 percent).Recreation and culture rose 2.9 percent, influenced by other recreational equipment and supplies (up 5.6 percent) and accommodation services (up 3.2 percent).
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