Episode Transcript
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Speaker 1 (00:01):
The issues, the interviews and the insight. Ryan Bridge on
early edition with our the Supercenter explore our the successories
and servicing more than one news talks. They'd be good morning.
Speaker 2 (00:12):
It's Tuesday, six after five. We'll look at the rates
cap before six this morning. Leslie's in Australia for US
the International Convention Center. Just how international is it really?
We'll ask the question plus more Key Wes reckon they
can buy a house than they did a year ago.
But where.
Speaker 1 (00:29):
The agenda?
Speaker 2 (00:31):
It is Tuesday, the two of December. The UK Budget
Office about as dumb as the budget that they accidentally
released last week.
Speaker 3 (00:39):
It was to do with using atensially a piece of
software and I think the analogy is drawn here that
would be more suitable for a small or medium sized
enterprise than a major government that may have made some
sense in termas of your independence, but made little sense
and centers. The critical security of the data involves.
Speaker 2 (00:55):
Whoop see Meanwhile, Starmer's been accused of hyping up a
fiscal crisis to pay for new welfare programs, blaming a
black hole that actually didn't really exist.
Speaker 4 (01:03):
There was no br productivity review. The result of that
was there was sixteen billion pounds less than we might
otherwise have had. So we had, on the one hand,
sixteen billion pounds less than we might otherwise have had.
We had clear commitments that we'd made throughout the process
as to what it was we were going to achieve. Therefore,
against that backdrop, it was inevitable that we would always
(01:27):
have to raise revenue. So there's no misleading.
Speaker 2 (01:29):
Yeah, we get, we get. We get explaining as losing
in politics. And that sounded a hell of a lot
like explaining, didn't it. Let's go to the US where
lawmakers demanding answers this over the strikes on the Venezuelan
drug votes. Washington Post reported that there was a follow
up strike ordered to kill the survivors of an initial strike.
Speaker 5 (01:47):
He said he.
Speaker 1 (01:48):
Did not want them.
Speaker 5 (01:50):
He didn't even know what people were talking about. So
we'll look at we'll look into it. But no, I
wouldn't have wanted that a second strike. The first strike
is very lethal.
Speaker 2 (02:01):
It was fine to the movies. Disney's Zootopia two has
gone gang buses at the box office, proof we still
love the cinema.
Speaker 1 (02:08):
Let me ask you, do you think we're a good ten?
Speaker 6 (02:10):
Of course, az.
Speaker 7 (02:14):
I just wish I knew what we had to do
to prove it to everyone else.
Speaker 2 (02:18):
Betured the perimeter, snoop a little behind.
Speaker 1 (02:20):
Nothing, bebout no snake? Has that put in Utopia in
for Raver?
Speaker 2 (02:24):
Yeah? Massive? So five hundred and half a billion dollars
worldwide since opening, the biggest international opening for an animated
film ever and the fourth biggest global debut of any movie.
Who would have.
Speaker 1 (02:37):
Thought Ryan Bridge on earlier edition with r VS Supercenter
explore r V successor Reason servicing all in one news talks.
Speaker 2 (02:47):
It'd be used talks. Heb it's nine minutes after five,
nine ninety two is the numbered text. Great to have
your company this morning. Do flip me a message, love
to hear from you. I'll get to the Mackenzie has
just handed me the most ridiculous story about Bacon. I'll
get to that in a second. I can't resist. But
housing and buying your first house, getting on the property ladder.
We had a report from ASB yesterday. We've got another
(03:09):
one today. This one's from Kiwi Bank, basically saying the
Kiwi dream of owning a property is alive and well
and there's no surprise in that. But what is interesting
is the number of kiwi's of renters who now feel
that they are able to get on too, or at
least that they're not locked out of the property market,
Like it's not an impossible thing. Hard, yes, impossible. No,
(03:32):
So fifty seven percent of non owners feel locked out
of the property market, and that still sounds a bit bad,
but it's actually an improvement of six percent on last year.
And this stands to reason prices are coming down. People
feel that they can afford a house, which is actually
a good thing because in society, and here I sound
like I'm lecturing you, but this this is true of
(03:55):
any society if people don't feel like they can have
a stake in it, if they Judith Collins talks quite
eloquently about this, more eloquently than I could. If you
don't feel like you can get on the property ladder,
like you can buy a piece of the land and
the society you live in, then you go to hell
in a hand basket. No one has buy and you
(04:15):
basically end up worth the guillotines. Right. So this is important,
and what this tells us is that price is coming
down means that people feel like they can get on
the ladder. They have a shot, they have a chance,
and more people this year feel they have a shot
than last year. That's a good thing. That's a great thing. Now,
what is interesting about these numbers that have come out
this morning is the fact that people are willing to
(04:40):
give up a few things in order to buy buy
a house. Yes, I'm willing to cut my cloth. I'm
willing to cut some expenses. Seventy percent of people said
they were willing to move to a different area to
buy a house, which I think is fascinating. If you're
a first home buyer, you're willing to move town or
city to buy a house or buy a house in
another town is city which maybe you don't live in.
(05:02):
And I think that that is a good sign. It
is a healthy sign. It means people. The only thing
in this that I think is bad is that people
aren't willing to compromise on size. Now, when I bought
my first house, it was tiny. I'm talking teeny tiny,
like forty something square meters. I mean I could barely
fit in it. I'm quite a tall person, and I
(05:24):
could probably from head to toe, lie down in the
floor in the bedroom and go from wall to wall
that's how small it was. But you've got to do
these things. That's just what you've got to do. If you,
I mean, if you want where there's a world, there's
a way, I think is the point. And if you
really want to get something, if you're really determined and
it is your dream and it is your goal, you
(05:45):
can make it happen. Bright and Bread read five twelve.
Now the bacon story. We've got to get to this.
So smelling bacon. This is embargoed until five am, so
we're twelve minutes into being able to talk about it.
I know, smelling bacon in the womb is lenked to
a high risk of adult obesity. Is this for real?
It's a study. According a study on mice, the smell
(06:09):
of fatty foods during pregnancy might put babies at higher
risk of obesity later in life. This is according to
overseas research. Scientists fed two groups of pregnant mice the
same healthy diet, but added artificial bacon flavor to the
food of one group, knowing that the bacon smell molecules
would reach the pups through the liquid in the womb.
(06:32):
The mice that were exposed to fatty food fatty smells
of foods, used up less energy, gain more weight, showed
signs of diabetes, and had brain changes linked to obesity.
So be careful what you're cooking around a pregnant woman.
Is the moral of the story. I suppose if we
two believe it. Thirteen after five, we'll took to squirrel
(06:53):
on home ownership.
Speaker 1 (06:54):
Next the first word on the News of the Day,
Fairly editioned with Ryan Rich and r V Super Center
explore RV's accessories and servicing more than one, News Talks AB.
Speaker 2 (07:06):
Quarter past five and News Talks B. I'll tell you
how you might be able to save some money on
your car insurance bill. It's a really weird little trick,
but I will tell you just after five point thirty
this morning. Now, building residential building consents, and I stress
residential because non residential ain't looking so good. But residential
building consents we're on the rise for October, especially townhouses.
(07:27):
Non residential consents unfortunately in decline, and they reckon building
can work. Residential building will pick up next year, which
is long overdue, isn't it. It's quarter past five, Ryan
Bridge More renters reckon they have a shot at buying
a home of their own. Kibank's latest housing report out
this morning, fifty seven percent of non owners feel lockdown
of the market, which still sounds bad, but actually an
(07:48):
improvement of six percent on last year. The key we
property dream seems to be alive and well. David Cunningham
is with us Chief Squirrel at Squirrel Mortgages. David, good morning, Hi, Ryan,
good good. More that more renters think it's possible.
Speaker 8 (08:04):
Well, yeah, I think we've got this Goldie locks condition
really for first home Bars and interest strats are down,
so that makes renters think it's better. You know, rents
have come down a little bit, so maybe they're able
to save a bit more if they're getting the benefit
of a lower rent. You know, your key with Saber
balance has gone up quite a bit, so your deposits
getting easier. There's heats of choice out there, properly price
(08:25):
to fullum. There's heats of choice and there's not a
lot of competition, So we call it a Goldilocks time
for first time buys. It's been that way for a
year and it's you know, it looks like at least
another year of that where there's not a lot of
competition for first time by so I'm not surprised to
see more people saying that it's possible. But there is
this cohort of New Zealanders for whom it's sort of
(08:46):
the dream that's probably not going to happen, you know,
generally related to much lower income.
Speaker 2 (08:51):
Yes, but that that problem has always existed, hasn't it. Well,
I mean, it's certainly gotten worse over the last decade
or two, but it's a yeah, that's right.
Speaker 8 (08:59):
Yeah, yeah, that's right. I mean there's always been about
sixty five percent home ownership in New Zealander. You know,
it's going up and down a little bit over time,
but it's generally about two thirds of New Zealanders get
to own their own home, and it's been that way
for fifty to seventy five years. To be honest, what.
Speaker 2 (09:13):
Did you say, Because you're obviously at Squirrel Mortgage is
dealing with a lot of first home buyers, a lot
of home buyers. This textas says Ryan, No, you're wrong
about half of under thirties in this country will never
own a house. The bird has flowing. Talking it up
won't help them. I'm afraid how much of this do
you think just personally comes down to like attitude. I
know that sounds almost like gas lighting. Because some people
(09:36):
can't afford to buy a house. I get that, But
for others they can, they just don't think they can.
Speaker 8 (09:45):
Yeah, look to the honest. I respect you know what
your listeners said. But to be honest, it is easier
now than it was. When I bought my house in
nineteen ninety. I paid one hundred and fifty thousand. I
had say, fifteen thousand, which was at that time a
lot of mone the bank of Mom and Dad good
our banker. Mom and Dad chipped in fifteen thousand, and
my payments were seven hundred bucks a week. Today that
(10:07):
would be two thousand, two hundred bucks. But today that
same average mortgage seven hundred thousand dollar house one hundred
and forty thousand dollars mortgage is the equivalent is a
one thousand and four to three six. So you know,
it's actually significantly cheaper now than it has been for
a long Cynaney compared back then. So you know, us
old guy said it tough, you know, you could say,
but in reality, if you've got the motivation, you've got Kiwisaver,
(10:31):
which has been an absolute game changer almost every first
term by uses kiwisaver, they wouldcraw forty three thousand dollars
per person. Last year there were forty thousand people that
did that, so it's it's actually been the enabler. So
it is within the reach of more people, perhaps than
so a few years ago.
Speaker 2 (10:47):
David, appreciate your time this morning. David Cunningham from Squirrel
mortgagees time is five nineteen News Talk.
Speaker 1 (10:52):
Said big get ahead of the headlines on early edition
with Brian Bridge and are the super explore our VSE,
accessories and servicing all in one news Talks.
Speaker 2 (11:04):
I'd be five twenty one. We'll get to Australia with
our correspondent just after five thirty this morning. Here, after
years of building delays and one raging fire, finally we've
got an opening date for the new International Convention Center
in Auckland, eleventh February. Doors will open. Preue Deally, is
general manager for the convention Center, joins me this morning. Morning.
Speaker 9 (11:22):
Preue, Good morning Ryan, thanks for having me.
Speaker 2 (11:25):
Great to have you. One hundred and twenty one events
already for twenty twenty six on the on the calendar.
What interested to know what proportion of those are local?
Versus international.
Speaker 9 (11:36):
Yeah, so we estimate that you know, each year, about
thirty percent of the number of events that we're going
to do will be international. We're hoping that it'll be more,
but as you can imagine, we've still got lots of
events coming in and the team we're working on converting
those every single day. So for us at the moment,
where we're looking toward targeting about thirty percent and that
will equate to about thirty three thousand new international visitors
(11:59):
that will is it.
Speaker 8 (12:01):
We'll visit New.
Speaker 9 (12:02):
Zealand and Auckland every year and that will look to
bring about ninety million dollars of economic impact to the
city and the country.
Speaker 2 (12:09):
So that's what you're forecasting. And is that what you're
seeing with the events that you've got booked so far?
Speaker 9 (12:15):
Yeah? Absolutely, I mean for twenty twenty six out of
one hundred and twenty one, we do have some great
international congresses already concerned. A good example of one of
those is the Coral Reef Symposium, which is coming in July.
That's seeing two thousand people come for a conference for
four days. That alone is around five million dollars of
economic impact. And that's just one of the ones that
(12:36):
we've got coming for next year, and a few more
to announce shortly, seeing too.
Speaker 2 (12:40):
Brilliant, brilliant How many are coming here specifically because of
the venue, like they would you know that they wouldn't
have happened anyway, you know what I mean?
Speaker 9 (12:50):
Yeah, absolutely, I mean that's all that international business Ryan.
You know, a lot of them wouldn't have been able
to come to New Zealand without this convention center of
scale and being able to who you know, hold these
conferences as sort of fifteen hundred and two thousand people.
So at the moment, you know, we've got a handful
of those that are sitting around those numbers for the
next few years, and quite a solid pipeline that we're
(13:11):
working on to convert because we've got inquiries all the
way out unto twenty thirty two at the moment for
these big congresses. So the team are working really hard
on making sure that we can we can bring them
to the country.
Speaker 2 (13:22):
There are a lot of people out there listening who
need a job. Job market's been tough. How many jobs
are you looking to put on and the next we are.
Speaker 9 (13:31):
Yeah, good question. We are actually soon to be going
out with a recruitment drive for our casual workforce. So
these are our people on the ground that will be
welcoming our visitors into the building. It might be showing
them to their seats in the theater, it might be
serving them a cup of coffee or their morning tea.
We're going to kick off with about three hundred people
that we need to find for positions, and then once
(13:54):
we get up and firing, we estimate that that could
go up to about five hundred people. So we are
on the hunts for great kiwis to come and help us,
you know, showcase this building to the world.
Speaker 2 (14:04):
Brilliant prude, nice to have you on the show. Proudally
general manager for the International Convention Center. So we need
some nice, smiley, happy welcoming people. No ninja's need apply.
Speaker 1 (14:12):
The early edition full show podcast on IHART Radio. How
It Buy NEWSTALKSB.
Speaker 2 (14:18):
News TALKSB it is five twenty six. This rates cap
popular politics, no doubt about it, and local government needs
a good cack in the pants. We all know that.
But does a two to four percent band simply mean
that we're going to pay more in other Sneaky little
fees rates aren't the only way these guys make money
off us. We also pay for specific things like resource
and building consents, limb requests, dog registrations, campgrounds. Will hairdressers
(14:45):
have to pay more to register under the Health Act? Yes,
this is a thing in Kaipita, for example, I had
a look this morning. It'll cost your business four hundred
and twenty three bucks. Thank you very much to do that.
Will we pay more for a burial plot at the
local cemetery? That's another fee? Will we pay more to
register our dogs? The options are endless. Waikato District Council
(15:05):
has a document setting out the fees that it wax
on ratepayers. It's forty five pages long. Four five The governments,
you know, they've done this too. They can change the
revenue levers and stop them pulling one, but they haven't
stopped them pulling the other. And actually, if you look
at it, this is exactly what the government itself has
(15:27):
been doing. We're seeing the rise of the fee. Twenty
twenty six will be the year of the fee, the surcharge.
The Coalition may have cut taxes, but they are also
overseeing one of the biggest hikes in fees and charges
of any government in recent history. Road user charges, user
pays road tolls, congestion chargings coming, fines are going up,
(15:50):
immigration fees, airport fees, you name it. If you can
name it, chances are it's heading north. It's a strategy.
The top line number comes down, but all the little
bits that they hope we won't notice go up. Councils
will be no different. Add in the water done well fee,
which is separate from this, remember, which will be massive
(16:12):
also in some places. And the reality is, I think
that no ratepayer will feel like they're getting a better
deal post cap band. The question is whether this is
a reason not to do it, of course, and the
answer is probably not. But it should come with tempered
expectations that we won't feel fleeced when the council emails
those pesky quarterly rates bills to us, or worse, still
(16:35):
charges you for sending a hard copy by.
Speaker 1 (16:37):
Snale mail by.
Speaker 2 (16:39):
Eight minutes after five News Talk ZVB. We'll talk to
Andrew a little about that. Actually I can tell you
because it's all about Andrew and it's all about Wellington.
The press conference yesterday, have a listened to this, think
about some.
Speaker 9 (16:50):
Of the dumb stuff that's happened here in Wellington.
Speaker 8 (16:52):
We've had a classic, you know, a two million.
Speaker 10 (16:54):
Dollar plus public toilet block with a light show for
goodness sake, I mean we have jumped the shark at
that point in time.
Speaker 2 (17:00):
The disco Lewin Wellington got a lot of attention in
the press conference. Yes, today we'll talk to Andrew Little
about that and what are they going to do with
their little sneaky fees. That's coming up before six this morning.
Leslie Yeoman is in Australia. By the way, in Australia,
they had a terrible time on the AAX, quite an
embarrassing outage. You think the UK government budget blunder was bad.
They obviously released quite sensitive information while they've had to
(17:25):
stop that because of an outage and it's affecting New Zealand. Two.
More on that.
Speaker 1 (17:29):
Next on your radio and online on iHeartRadio Early edition
with Ryan Bridge and are the Supercenter explore are these
accessories and servicing? Paul than One News Talk said, be.
Speaker 2 (17:51):
Twenty four away six on news Talk Sai'd be great
to have you on this Tuesday morning. Coming up before six,
the rates cap. How's poor old Wellington and cope without
more disco dunnies, you know, the toilets that light up
like Christmas trees. Will ask the mayor. Also, we'll go
to Australia correspondent lots to talk about the AX had
a glitch yesterday, a technical problem, and fifty companies had
to be put in a trading hole. There are sensitive information,
(18:13):
you know, market information that they released couldn't get out
because of this technical problem, and the investors called it
a very embarrassing mistake, one that's been plaguing them for
a while. And the big problem is that if you
had dual listed companies on the z X and the
ASEX and they were releasing information, they still have to
release it in New Zealand, but couldn't necessarily release it
in Australia. So that causes a big problem, big headache
(18:35):
for them. Now I told you I would give you
a little hot tip on how you can save money
on your car insurance. And this is again this has
come from Australia. It feels a little bit like we're
doing Australian news today, but here it is. So an
Aussie driver gets finds a bit of a loophole, goes
for insurance with NRMA, which is an insurance company over there,
(18:57):
and just for fun, techs this guy's ben is twenty
two years old, puts his details in and just for fun,
just to see what happens, ticks non binary instead of
mail when it comes to gender, and the car insurance
quote drops by eight hundred bucks a year if you
tick the non binary box. So the question is our
(19:17):
non binary driver is safer and the answer is, well,
there's no evidence to say that they are or they aren't.
This is interesting because then a radio station picks it
up over there two GBBN Fordham and Sydney and says, look,
this is a bit ridiculous, asks the insurance company, and
they say, well, it's not discrimination against males or because
(19:39):
it's also non binary cheaper than female. So the non
binary was cheaper than male and female drivers. They say,
we're not discriminating against anybody, it's just our policies. So
you'd pay two and a half grand for a male,
you pay two thousand odds for a female, and you'd
pay seventeen hundred bucks for a non binary. How does
that work? They say, we consider there are a number
(20:00):
of factors when determining the premium for car insurance. Okay,
there you go. So next time you're taking boxes and
you're paying for stuff, who's to know? Crayan Bridge twenty
two away from six our reporters now come and Toned
and Collen. Good morning wedding. Right you've got to clean
up commitment at t y point.
Speaker 7 (20:20):
Yeah, that's right. So Rio Tinto is putting fifteen million
dollars into its new facility or a new facility that
will process spent cell liner. This is the hazardous by
product of aluminium production there. So this marks a bit
of a major milestone in their cleanup commitments. Remember Rio
Tinto's twenty twenty one apology over how smelter waste was managed.
(20:41):
The acting general manager, Matt Blax told the ODT here
processing the material on site is a milestone for.
Speaker 2 (20:47):
Them delivering on their remediation commitments.
Speaker 7 (20:49):
He says it means less waste, better environmental outcomes, and
say for handling the projects expected to create twenty construction
jobs and six permanent roles.
Speaker 2 (20:58):
All right, how's your weather.
Speaker 7 (21:00):
It's a weekday here today, rain the shells this afternoon,
some possibly heavy the high fifty.
Speaker 2 (21:05):
Thank you by the way. Over in the UK, the
Office of Budget Responsibility Chair has just resigned over that
blunder with the budget. Clear Shewoard in christ Church. Clear,
good morning, Good morning. So speaking of blunders, a couple
of dodgy school lunches, is anyone sick?
Speaker 11 (21:20):
Oh?
Speaker 12 (21:20):
A couple of dodgy school lunches. Some dodgy school lunches
indeed handed out at Highata Community Campus yesterday, Ryan. This
is the school that was previously known as Danui Hi.
For those who are wondering, basically what happened is the
school lunches arrived, they were boxed up, they were handed
out to kids who then went and sat down. It
was a teacher who then went to tuck into one
of the leftovers, remembering that the government wants the leftovers eaten,
(21:43):
and they found that it was furry with mild It
was liquefied and many children had already consumed this by
the time the school called them back. Now, while the principal,
Peeky Burrow, says they have had issues with lunches before,
she describes this as catastrophic, totally unacceptable. It says they
have no six children at the moment, but they are
(22:03):
watching and sending warnings home to families about the signs
of food poisoning. The school Lunch Collective says it's now
working with High UNTA and the MPI following this incident.
It says it takes pride in food quality and knows
this is something that can't be compromised. It will provide
more details as they come to hand.
Speaker 2 (22:21):
Did she really describe it as catastrophic?
Speaker 12 (22:23):
She said catastrophic indeed, But no one's sick yet.
Speaker 2 (22:27):
But it's not yet, all right. How's the weather?
Speaker 12 (22:30):
First I of the cricket at Hagley Oval and we're
hoping that scattered rain will be minimal if anything. Easterly
is turning southwest and a high of twenty.
Speaker 2 (22:38):
Brilliant, Thank you, Clear Max and Wellington Morning Max Morning.
The pull up record being set by a council staffer.
Speaker 13 (22:44):
Yeah, so a bit of a heartwarming story here. You
wouldn't have pegged the Wellington City Council team manager as
a potential world record holder fitness freak, but yeah, Josh
Harding decided at the start of the year he wanted
to beat four thousand odd pull ups in seventeen hours.
Pull Ups, I'm sure everyone knows what they are. You
grab a horizontal bar above your head and lift up
and down. So at his local gym at Potty Doo,
(23:07):
he set about to the task of the weekend. His
goal was sort of get through the first two thousand
or so by doing one every five seconds, and then
naturally slowed down a little bit, got a little tougher,
a little tougher. This is a guy who gets up
at four am to do three hours of this stuff
in the morning before work the gym again seven pm
till eleven. Not every day. I'm sure he has a
(23:29):
seven year old son. Anyway, over the weekend, the forty
one year old five am till nine pm, he did
manage the target in fifteen and a half hours, four
thousand pull ups. His son was there, his girlfriend apparently
he almost fainted later. Now he only has vague memories
of the day, like he was really drunk or something.
His whole body went numb. Anyway, he's raised thousands for November.
(23:50):
No plans though to repeat the record or the top.
Speaker 2 (23:53):
It good on him, I thought when I saw the photo,
because I looked at the photo of him, and I thought,
I think she thought he would have been more ripped.
Speaker 13 (23:58):
To be honest, a disappointing physique.
Speaker 2 (24:03):
Hey how's your weather clearing to find strong northerlies? Nineteen
thank you and Neva's good morning, Neva.
Speaker 6 (24:09):
Grape mind thinker like I didn't see that photo, and
as Mix was telling the story, I thought, this guy
must be ripped.
Speaker 2 (24:15):
And Adonis, you were passing. Now, good on in those
raise some money for amazing, isn't it? It is? But
imagine spending three hours every morning, I mean, no one
of the council workers get nothing done, no exhausted.
Speaker 6 (24:27):
You should be listening to us. And could he stop
for breakes to eat or not?
Speaker 8 (24:30):
Really?
Speaker 1 (24:31):
You know he did?
Speaker 2 (24:31):
He did. He had stopped and carbo loaded and had
some sugar and stuff like that. Hey in Auckland there
seven point nine rates rise next year.
Speaker 6 (24:41):
Yeah, so this would re united.
Speaker 2 (24:44):
Yell for a train we won't use.
Speaker 6 (24:45):
That's right there, five point five billion dollar city rail
link when it opens with passengers. And remember last week
when they said that it's not it's going to be opening.
You know later we knew that would happen, like in
the second half of the year. I thought, shivers, we
won't even be around.
Speaker 1 (24:59):
Will we.
Speaker 6 (24:59):
So the increase will cover the two hundred and thirty
five million dollar operating cost of this rail service underground
rail service. And this is the largest rate rise since
Aalkland Council was formed in twenty ten. So this means
that the annual rates for the average household there go
to climb from around four thousand dollars to more than
four thousand, three hundred, so it's the weekly cost of
(25:19):
eighty three dollars and then after next year rates is
set to rise by three point five percent each year.
As we know, how's our Christmas?
Speaker 2 (25:27):
Merry Christmas? How's our weather?
Speaker 6 (25:28):
Never butley cloudy shower is possibly heavy? What else could
go right for us? I have twenty five though, thank you.
Speaker 2 (25:35):
Sixteen away from Sex News Talk SEB Morning.
Speaker 1 (25:38):
Ryan.
Speaker 2 (25:38):
My theory on house prices this is on the council
rating is that they will just change the way so
they can't cap the increase. They'll just change the way
that they charge you. They'll increase your values and get
you that way. That's a question for the government this morning,
isn't it. It's sixteen to two Sex News Talk SEBB
thirteen to six. We'll get to Andrew Little on the
rates cap in just a second. But a little update
(26:00):
for you. This is the Centrics credit indicator and sow
some encouraging signs. This is for November. We are as
consumers demanding more credit. That means we're going to spend more.
That is a good thing. So consumer credit demand is
up four point eight percent year on year. Personal loan
demand is up. This is ahead of Black Friday as well.
New household lending up thirteen point two percent year on year.
(26:23):
Consumer arears that is trending in the right direction. Only
eleven point eighty three percent of the credit active population
in areas. That is the lowest level in two years.
The only thing to watch here as company liquidations. They
are up. In fact that October was the highest monthly
number of liquidation since twenty eleven. That is always one
(26:44):
of the lagging indicators, isn't It's thirteen away from.
Speaker 1 (26:46):
Six International correspondence with ends and eye insurance, peace of
mind for New Zealand business.
Speaker 2 (26:53):
There's the yeomens Our Australia correspondent joins us this morning, Lizida,
Good morning, morning Ryan. Four people arrested in Sydney. This
is a accused of being involved in a satanic child
six abuse ring.
Speaker 14 (27:07):
Yeah, really unpleasant story. These four people, including a former
swim coach and another person who describes himself as an
independent journalist. They were arrested across Sydney late last week.
They've appeared in jail in court rather and are in
prison awaiting a trial in January when they'll next appear.
(27:32):
Now what happened was they're accused of having this material
and distributing it, but they're not actually accused of making
it or producing it. Three of the people are aged
between thirty nine and forty six. The fourth one who
describes himself as a journalist, he's a twenty six year
old man by the name of Landon Graminata Mills, and
(27:56):
he's said to be the leader of this group. His
basically his media or website is called the Underground Media Network.
Now I've never heard about it, and I think a
lot of other people haven't, but he's the one that's
been accused of being the leader of this group and
(28:18):
of distributing and disseminating this very unpleasant material.
Speaker 2 (28:23):
That's horrific. Leslie, thanks for that update, Leslie Yeomans, who's
our Australia correspondent. It is eleven away.
Speaker 1 (28:29):
From six Bryan Bridge.
Speaker 2 (28:31):
No more discolues for Wellington or any council. Actually this
is what's the rates cap is coming.
Speaker 10 (28:37):
I want to be clear with counsels that they should
not wait for the enactment of the rates capping model
before controlling rates increases to their constituents.
Speaker 2 (28:49):
The band two to four percent unless you get sign
off from a government regulator not included water and other fees.
Andrew Little, as the Wellington mayor joining us this morning,
Good morning Andrew, no more disco lose in the future.
Will you live with that?
Speaker 11 (29:05):
I thought, well, right now our council is doing the
very thing, and the government talked about the line by
line review. We're inter the city Council, no doubt, like
many others, has to get its financial controls in order
and getting spending under control, and that's what we're doing.
But in terms of the specialized disabled toilets in Courtney Place,
(29:27):
there's a facility that is aimed at providing a facility
for some of the most profoundly disabled people who do
go to Courtney Plass occasionally.
Speaker 2 (29:36):
So your the cost is this whole thing just misnoma
that the cost of it, how much of it was
on the lights and the design as opposed to practical
things like disability access.
Speaker 11 (29:48):
Look, I don't know, I wasn't involved in the project.
I've inherited it. It's there now. But two things that
they were it was aimed to do when was more
secure toilets because the ones that were there previously we're
the scene of Well it was pretty insecure, pretty unsafe,
but also a facility for particularly highly a mobile and
(30:09):
disabled people to get extraitute that one of the toilets
got a hoist in it, another toilet's got a shower
in it when accidents happened. So it provides those facilities
very expensive. That is correct, And I don't know why
it's got the light show on the front of it,
but that's what the previous council approved.
Speaker 2 (30:25):
Will there be no more light shows under Andrew level?
Speaker 11 (30:29):
Well, we're cutting spending and we'll do It's not a no.
Speaker 2 (30:34):
There's not a no.
Speaker 11 (30:36):
Come on, We're not putting light shows on toilet all right?
Speaker 2 (30:39):
Very good and is two to four percent reasonable.
Speaker 11 (30:43):
The problem with things like that is a lot of
a lot of the rates increases in the last few
years have been because of decades of underspending or under
waiting residents to look after infrastructure. Sits under the ground
and that's reality Wellington to the chuncil's borrowed to do
a lot of infrastructure, infrastructure upgrades. The reality a lot
(31:06):
of that is water that gets shifted off to water
entities don not covered by the restriction. So I'll see
that how that happens. I think that the main thing
is what the governments tapped into is a justified consume
with a lot of people seeing their rates going up
at an astronomical rate at the same time as only
costs as well about rates for counselors. That should do
(31:27):
a bit of job at keeping the spinning out of control,
and we need to do that, isn't that Christopher?
Speaker 2 (31:30):
All right? We will see how you go. Andrew little
Wellington Mere. It is eight six News Talk sad been.
Speaker 1 (31:36):
Views and Views you trust to start your day. It's
early in this ship with Ryan Bridge and are the
super Center explore are these accessories and servicing fall and
one news talks.
Speaker 2 (31:47):
That'd be it's the six News Talks. He'd be Mike
in the studio for your Tuesday morning morning. Mike, Greetings
to you.
Speaker 11 (31:52):
Ryan.
Speaker 2 (31:53):
Do you think that people will feel like they're not
being fleeced by counsels because there's a rates band cap coming.
Speaker 15 (32:00):
Surprised a bit ever happens to be honest with you,
because with something that's announced yesterday, this government has got
a pretty election for announcing things that are a little
bit further down the track than you might actually want.
So the foreign buyer thing, I don't think most people
understood that when they announced that that legislation isn't coming
to pass until next year. So this isn't coming until
twenty twenty nine. Yes, so think about that. That's two
(32:22):
elections away. So they've got to win next year and
they got to win the following one. So I mean really,
and we already know that labor aren't So would you
say this is a government that's good for three terms? Possibly?
And I suppose one of those things that once you
get it and you probably never go back.
Speaker 2 (32:37):
No, you wouldn't, because it's popular.
Speaker 15 (32:40):
Yeah, but this idea that old old watsae yesterday was
going and I want you to start straight away not
putting it.
Speaker 2 (32:46):
And I thought, mate, come on, well, within hours, Wayne
Brown comes out with almost eight percent.
Speaker 15 (32:50):
It's not going to work and so that's it, you know,
So you got this pushback thing it's kind of interesting
with the schools at the moment you see thety thing
and all the schools are going, well, you can say
whatever you want, we're not going to do it, and
you'll get the same with councils until they're forced into it.
Speaker 2 (33:02):
Same with the bureaucrats.
Speaker 15 (33:03):
And the aspect of it is that we don't care
about local body politics. We don't turn up. We've just
had an election, no and turned up. No one can
be involved.
Speaker 2 (33:10):
So it's I just think there's so many other levers
they can pull that you can cap them on their
general rates, but then they'll just go, don't do the water,
they'll do the fees. Your dog, Red Joe.
Speaker 15 (33:20):
Yeah, to be fair to that, that's a that's more
a classic National Party type operation, which is you use
a pay so you'll pay more for your dog if
you've got a dog, and you know so if you
don't have a dog, you'll have two to four percent
rates caps. So look, well we'll talk to the minister
about that this morning. But to be perfect the Frank,
I'm more interested in the netball coup you heard about
the Yes I have the zones The zones are angry,
(33:40):
are turning on turning Old Jenny and Jenny and the boats,
so we'll talk about that as well. And David Williams,
by the way, you love.
Speaker 2 (33:49):
You've had him on quite a lot, but he's a regular.
Is he in the country or is he on the line?
Down the line?
Speaker 15 (33:54):
Bring them at home. We'll give him a call after eight.
Speaker 2 (33:57):
Brilliant, great day everyone, See tomorrow.
Speaker 1 (34:04):
Time flies along. Been twice for more from early edition
with Ryan Bridge. Listen live to News Talks it be
from five am weekdays, or follow the podcast on iHeartRadio.