NZ’s biggest triathlon festival toasts 20 years – Challenge Wānaka

Source: Challenge Wānaka

Next week’s anticipated Challenge Wānaka marks 20 years of New Zealand’s largest triathlon festival, which has attracted more than 25,000 athletes and injected more than $54 million into the local economy over the past two decades.

Part of the global Challenge Family – which runs middle and long-distance triathlon races in more than 30 countries – the Challenge Wānaka Half has been a cornerstone of NZ’s triathlon scene since 2007. It is regarded as a stepping stone for talented young age-group triathletes hoping to qualify for pinnacle world championship events and turn pro. It’s also a key event for the Wānaka community, providing an annual economic boost for the tourism town.

Challenge Wānaka event director Jane Sharman says that while road bikes, wetsuits and race tech have vastly improved over the past two decades, the pulling power of the event for triathletes and spectators remains the same.

“As we reflect on 20 years, it’s very exciting to see how far the festival has come and everything our athletes have achieved,” she says. “Challenge Wānaka has played a part in launching some incredible pro athletes and international racing careers. But it’s also a fantastic grassroots event where anyone can take part, in the most beautiful corner of the world.

“Of course, the youth events have long been a highlight and some of our pro athletes who started out racing in Challenge Wānaka are now watching their own children participate, so it’s very special for them.”

One of those athletes is two-time Challenge Wānaka winner and former Team NZ cyclor Dougal Allan, who will be cheering on his own children, Flynn and Matilda, at the Challenge Wānaka triathlon festival next week. Some 2100 kids will be taking part in the festival this year, from age two and up.

“Competing in and eventually winning Challenge Wānaka in 2016 and 2017 launched my profile into the world of international triathlon,” he says. “Challenge Wānaka was always known as one of the toughest and most honest long-distance triathlon events in the world and winning it was a huge badge of honour. It also led to being invited to race the famous Challenge Roth event in 2017 in Germany, which remains one of the biggest racing experiences of my life.

“Whether it is an athlete’s ambition to race pro or not, Challenge Wānaka offers the opportunity to be part of a very professionally organised event that offers so much across the weekend, from the event village to the crowd support. It is a truly internationally recognised event that’s made very accessible to domestic athletes. While these days I’m no longer competing, it’s great to be coaching some of those athletes lining up for next weekend’s race.”

The event welcomes athletes from all over NZ and the world every year, and some from closer to home, too. Wānaka GP Dr Andrew McLeod has participated in every Challenge Wānaka race since its inception.

“I don’t remember much of that first race in 2007 but I clearly remember crossing the line, already analysing what I’d done wrong, what I’d somehow done right, and how I’d do it better next time,” he recalls. “Twenty years on – and after races across NZ, Australia, North America and Europe – I’m still learning.

“Along the way my wife Karen and I have been to amazing places, met wonderful people, and so often heard the words: ‘You’re from Wānaka? I’ve always wanted to do that event.’ Being part of something that inspires that reaction is pretty special, and it’s probably why I keep coming back.”

This year’s Challenge Wānaka brings together more than 850 athletes competing in the Gallagher Insurance Challenge Wānaka Half, including 376 athletes in the individual half event. The anticipated professional field features Mike Phillips, Frederic Funk, Jack Moody, Tamara Jewett, Rebecca Clarke, Gabrielle Lumkes, and Lucy Byram. More than 155 teams are also entered, with 18 teams vying for the Gallagher Insurance Corporate Trophy, while friends and family team up for a fun day of swim, bike, and run. Media personality Brodie Kane will take on the 1.9km swim as part of a relay team.  

The 2026 Gallagher Insurance Challenge Wānaka Half is also an opportunity for age-group athletes to claim a National Title and qualify to wear the silver fern at the 2026 World Championships, as part of the Tri NZ Suzuki Series.

“This year’s event is set to be extra special to celebrate 20 years of Challenge Wānaka,” Sharman says. “This festival has always been about more than racing; it’s about community, resilience and the shared excitement of pushing boundaries in one of the world’s most scenic locations. We’re incredibly proud of the athletes, volunteers and supporters who return year after year to help make Challenge Wānaka a standout on the world triathlon stage.”
 
About Gallagher Insurance Challenge Wānaka
The Gallagher Insurance Challenge Wānaka is one of the world’s most scenic triathlon festivals, held annually in New Zealand’s stunning Southern Lakes region. Featuring a range of events, including the flagship middle-distance triathlon, multisport races, and AquaBike, the festival welcomes athletes of all levels. Operated by the Challenge Wānaka Sports Trust, a charitable organisation committed to community wellbeing, the event supports youth, adaptive athletes, and local charities through inclusive sport and recreation initiatives. In 2026, the Challenge Wānaka Festival event will mark its 20th year, taking place from February 19 – February 21. Registrations at  www.challenge-wanaka.com

Tax Reform – State of the Nation report shows persistent inequality, requires rebalancing of tax system – Better Taxes

Source: Better Taxes

The State of the Nation report released today by Better Taxes Coalition member, The Salvation Army, shows persistent inequality across most measures, from child poverty and food insecurity, to unemployment and housing affordability.

The Better Taxes campaign endorses the remarks of Dr Bonnie Robinson, Salvation Army Director Social Policy and Parliamentary Unit, at the launch that something significant is required to address inequality and poverty in Aotearoa New Zealand:

“Rebalancing our tax system to gather more revenue from those who can most afford to contribute, and to fund the things that will improve living standards for everyone in Aotearoa is critical to shifting the dial on the shocking picture painted by the Salvation Army report,” said Glenn Barclay, spokesperson for the Better Taxes campaign.

The report lays bare numerous areas where we need to do more to support the most vulnerable in our communities:

  • Child poverty rates have increased and the number of children in material hardship in 2024 was higher than the in 2018 (baseline measure).
  • Numbers receiving welfare assistance rose over the last year, but restricted access to hardship support meant there was less support for households at this time of greater need.
  • Food insecurity remained high in 2025. Salvation Army food assistance through food parcels increased with some 90,000 food parcels distributed, 7 percent higher than in 2024 and almost 50 percent more than in 2019 pre-Covid-19. 
  • Although household living cost increases eased over the last year, this was uneven and lower-income households still faced higher household costs increases compared to high earners.
  • Public housing units increased, but new-builds are poised to fall off the cliff. While homelessness continued to rise and thousands remain on public housing lists, some specialised housing services for people facing homelessness actually reduced over the course of 2025.
  • The data shows that structural settings continue to produce inequitable outcomes for tangata whenua and vulnerable communities.

“These are the kinds of pressures that are driving the fiscal challenges that the Treasury and Inland Revenue have identified in a number of recent reports. In order to address these pressures and enable everyone in Aotearoa New Zealand to live good lives we need to gather more revenue”, said Barclay.

The Better Taxes for a Better Future Campaign is a coalition of over 20 organisations led by Tax Justice Aotearoa.

We believe that tax reform is the only solution to the current challenges facing Aotearoa NZ.  We need the tax system to:

  • be transparent
  • raise more revenue to enable us address the challenges we face
  • make sure people who have more to contribute make that contribution: that we gather more revenue from wealth, gains from wealth, all forms of income, and corporates
  • make greater use of fair taxes to promote good health and environmental health
  • address the tax impact on the least well off in our society.

Universities – Transformational gift to support natural environmental research at Victoria University

Source: Victoria University of Wellington, Te Wāhanga a Manaia – Faculty of Science and Engineering

Te Wāhanga a Manaia—Faculty of Science and Engineering is celebrating a remarkable $5 million gift from the George Mason Charitable Trust to support multidisciplinary research into the natural environment.

Dr George Mason ONZM, who passed away in 2024, was an accomplished research scientist who generously supported environmental research throughout his lifetime. Through his Trust, he donated millions of dollars to scholarships, education, and postgraduate research across Aotearoa, significantly advancing our nation's collective expertise in the natural and environmental sciences.

The gift will be used to support postgraduate students and researchers who are conducting solutions-focused research that advances conservation, restoration, and sustainability in Aotearoa New Zealand.

Professor Nicola Nelson, Dean of the Faculty of Science and Engineering, says the Faculty is truly grateful for the generous gift, which will be an opportunity to deepen and broaden the impact of their research.

“Dr Mason's gift is transformative. His investment in the future of human knowledge is a profound act of belief in the power and potential of scientific research here at Te Herenga Waka.

“We are deeply grateful to the trustees of the George Mason Charitable Trust, who have ensured Dr Mason's vision of supporting research within the natural environment is realised far into the future.”

The gift agreement was signed at a ceremony held earlier today in the Victoria Room and attended by Vice-Chancellor Professor Nic Smith, Victoria University of Wellington Foundation Chair John McCay, and the trustees of the George Mason Charitable Trust.

Te Herenga Waka Vice-Chancellor Professor Nic Smith says Dr Mason's gift will have a lasting impact on the University's research capacity.

“Dr Mason's lifelong goal to restore and protect the environment will be significantly advanced through the meaningful research his gift will enable.

“His legacy will live on through the ambitious research projects this gift will support, the solutions our researchers will develop as a result, and the influence their groundbreaking work will have on our society.”

Professor of Marine Biology James Bell, who led a research group that was generously supported by Dr Mason, says this funding had a transformative impact on the reach and scope of their work.

“Past funding from the George Mason Trust unlocked an amazing opportunity to develop an exciting new area of research focused on deep water or so-called mesophotic reefs. We were able to purchase remotely operated vehicles and fund student scholarships that supported the discovery of never-before observed marine communities and understand their significance to Aotearoa New Zealand.

“This new gift will ensure that George's legacy of generosity and support for conservation and scientific advancement lives on through numerous research projects across many disciplines. We will continue to be inspired by George's passion for solutions-focused science that will ultimately benefit people and the planet.”

University Research – Stark differences in COVID-19 vaccination rates between Māori and non-Māori, research finds – VUW

Source: Te Herenga Waka—Victoria University of Wellington

A new study analysing COVID-19 vaccine uptake has found markedly lower vaccination rates among Māori, which researchers link to existing inequities in healthcare access.

The study looked at vaccination rates from December 2020 to May 2023, finding 28.4 percent of Māori were unvaccinated during this period, compared with 14.7 percent of non-Māori.

“Based on these numbers, we estimate 78,880 fewer Māori were fully vaccinated than would have been the case if vaccination rates were the same for both groups,” said Dr James Mbinta, lead author of the study and a research fellow at Te Herenga Waka—Victoria University of Wellington.

The study also found marked differences in rates of partial vaccination, with Māori more likely to receive only the first dose of the COVID-19 vaccine and not go on to get the second dose.

Enrolment in a primary health organisation (PHO) was flagged as a key factor influencing whether Māori received at least one dose of the vaccine. The study also found those living in lower-income households and in lower-quality and crowded housing were less likely to be vaccinated.

“For Māori, the likelihood of being partially or fully vaccinated was higher among those enrolled in a PHO. This highlights the need for vaccination strategies that include improving PHO enrolment, especially for populations that have a known higher risk of severe health outcomes from COVID-19,” said co-author Andrew Sporle (Ngāti Apa, Rangitāne, Te Rarawa), an honorary academic in the Department of Statistics at Auckland University and managing director of research firm iNZight Analytics.

Previous research has shown Māori have higher rates of both hospitalisation and death from COVID-19 compared with the general population.

“Our findings highlight the crucial need to ensure vulnerable populations can access healthcare. Targeted approaches, using evidence from data generated by rigorous studies such as this, are needed to address health disparities and ensure equitable access to healthcare resources,” said co-author Professor Colin Simpson, a senior adviser in the School of Health at Te Herenga Waka and professor in the Faculty of Medical and Health Sciences at Auckland University.

 

Results of the study are published in the Journal of the Royal Society of New Zealand. The research was funded by the Ministry of Health.

Government – A message from HM King Charles III on the 100th anniversary of the constitutional relationship between Tokelau and New Zealand

Source: Government House

A message from HM King Charles III on the 100th anniversary of the constitutional relationship between Tokelau and New Zealand
To the people of Tokelau, Malo Ni! My wife and I have such fond and lasting memories of meeting members of the Tokelauan community during our visits to New Zealand, and so it gives me great pleasure to extend my warmest greetings to you on the very special occasion of the 100th anniversary of Tokelau's unique relationship with New Zealand.
The flag of Tokelau depicts a canoe under full sail, voyaging towards the stars of the Southern Cross; stars which have helped Tokelauans navigate the Pacific waters for centuries. On this milestone anniversary, I hope that all Tokelauans can take pride in their nation's voyage over the past 100 years and your many achievements in that time. The Tokelauan voice is vital on the global stage, reminding the world of the urgency with which we must all act to ensure that the rich natural beauty and vibrant cultural heritage not only of your nation, but also of so many small island states around the world, continue to thrive in the years to come.
Although, sadly, I am unable to join you in person as you embrace this opportunity to reflect on the past and look towards the future, I particularly wanted to send you my very best wishes for your celebrations.
CHARLES R.

Banking – ASB half year result: Supporting our customers for long-term prosperity

Source: ASB

ASB has reported a cash net profit after tax (NPAT) of $719 million for the six months to 31 December 2025, up 1% on the prior comparative period.  Statutory NPAT was $765 million.

Since December 2024, home lending has grown 8%, while business and rural lending grew by 4%.  Total customer deposits increased by 5%.

Net customer margins remain flat, reflecting higher home lending margins and lower deposit margins.  Net Interest Margin (NIM) was up 6 basis points driven by higher earnings due to timing effects from interest rate hedges.

ASB KiwiSaver Scheme funds under management grew by more than $1.7 billion to more than $20.6 billion, thanks to continued strong returns to customers and top quartile performing funds.[1]  Collectively, ASB Group Investments manages more than $31 billion for investors across its range of five products.

Operating expenses were $839 million, an increase of 21% largely driven by the settlement of the Credit Contracts and Consumer Finance Act 2003 class action proceedings, and investments in people, technology modernisation, digital experience and regulatory compliance.

Chief Executive Vittoria Shortt says “While the geopolitical outlook remains uncertain, we are seeing more confidence in the economy, supported by lower interest rates and good export earnings in key sectors.  This is evident in the uptick we’ve seen in business lending, with more lending growth across small business, commercial and rural this half than in the previous financial year.

“We remain well positioned to support our personal and business customers as they continue to tackle higher costs, navigate volatility or transition to growth.”

Investing in our customer experience

“We continue to make significant investments so customers choosing to bank with ASB have a simple and modern experience, where they feel informed and confident about making important financial decisions and safer knowing we actively seek to protect them from fraud and scams.

“Through our technology modernisation we are simplifying the way we work and the services we provide, removing overlap and complexity and offering products that might better suit our customers’ changing needs.

“We have a focus on service excellence and meeting customers’ expectations of faster and simpler processes, with quicker decisions on their home loan applications.  Building on our capability for single home loan applications to be started digitally through the ASB Mobile App, in November we extended this functionality to include joint home loan applications.  Customers can track the progress of their application and view indicative pricing in the ASB Mobile App, so they remain informed at every step.”

Further customer protections

“Fraud and scams remain an issue for New Zealand, and we continue to seek to make banking with us safer with enhanced customer protections against economic crime.

“We are now able to share data between banks related to digital fraud and money mule activity through the Fraud Reporting Exchange and New Zealand Data Exchange.  We remain available to assist customers 24/7 on our 0800 ASB FRAUD line.”

 Investing in New Zealand

“While we’ve seen business lending growth pick up, with increases across agricultural and property lending, for long-term prosperity New Zealand needs to become more productive.

“We are backing business customers to boost their productivity using artificial intelligence and technology in partnership with the New Zealand Product Accelerator and universities.  Following a successful pilot, the programme is being scaled up this year to match up to 100 ASB business customers with AI, business analytics and data science masters’ students to work on their business.

“We are continuing to show up for rural New Zealand with offerings to help with transformation and succession through our Every Hectare Matters programme, and reduce costs with ASB’s Smart Solar 0% lending to assist the switch to renewable, resilient energy.  We are supporting the future of the dairy industry and empowering the next generation of farmers towards the goal of farm ownership with financial support and expertise in partnership with the New Zealand Dairy Industry Awards and Fonterra.

“These initiatives are highly valued by the rural sector, as a result we have grown our rural lending more than any other bank in the 12-months to September 2025.[2]

“Long-term prosperity also requires that we have enough housing to support our growing population and easier access to more affordable housing solutions.  We have doubled our commitment to $1 billion to accelerate the development of social and affordable housing and the long-term delivery of thousands of new homes.  To date we have committed $517 million for social and affordable housing, and this half we committed nearly $50 million to a Māori social housing provider in Tāmaki Makaurau to deliver more than 150 homes.”

Saving for the future

“Regular savings provide a pathway to long-term financial wellbeing and broader economic resilience for Aotearoa.

“We have put a lot of effort into the ASB Investment Funds and the ASB KiwiSaver Scheme so we can offer competitive investment options for customers.  We have multiple top performing KiwiSaver funds with low fees, and this is a powerful combination that can make a big difference for our nearly half a million ASB KiwiSaver Scheme members who stand to benefit when purchasing a first home and/or in retirement.

“We remain focused on how we can help tamariki build financial literacy and early savings habits.  In November, we reintroduced our Kashin moneybox to celebrate ASB’s 150 years of supporting Kiwi kids to get one step ahead with money.  We’ve seen a notable increase in the opening of new Headstart accounts, helping children to start their savings journey.  We continue to support the delivery of financial education nationwide with nearly 45,000 students participating this half in our GetWise and Tikitiki o Pūtea programmes in schools.”

 

[1] ASB KiwiSaver Scheme Conservative, Moderate, Balanced and Growth funds are in the top quartile for 12-month performance to 31 December 2025, Morningstar KiwiSaver Survey (Dec 2025).

2 RBNZ quarterly release, 12-months to September 2025.

 

Income Statement ($ millions)

 

 

 

 

 

For the half year ended 31 December

2025

2024

Dec 25 vs Dec 24 %

 

Net interest income

1,602

1,471

9

 

Other operating income

233

233

 

Total operating income

1,835

1,704

8

 

Operating expenses

(839)

(695)

21

 

Operating performance

996

1,009

(1)

 

Loan impairment expense

(3)

(17)

(82)

 

Net profit before tax

993

992

 

Corporate tax expense

(274)

(278)

(1)

 

Cash net profit after tax (“Cash profit”1)

719

714

1

 

 

 

 

 

 

Reconciliation of Cash profit to Statutory profit

 

 

 

Cash profit

719

714

1

 

Reconciling items:

 

 

 

 

Hedging and IFRS volatility2

7

(7)

large

 

Notional inter-group charges3

53

71

(25)

 

Reporting structure differences4

6

6

 

Tax on reconciling items

(20)

(21)

(5)

 

Net profit after tax (“Statutory profit”)

765

763

 

 

 

 

 

 

Performance indicators (cash basis)

 

6

 

Net interest margin (%)

2.35

2.29

6 bpts

 

Return on assets (%)

1.0

1.1

(10) bpts

 

Operating expenses to total operating income (%)

45.7

40.8

490 bpts

 

Return on average total equity (%)

12.0

12.6

(60) bpts

 

 

 

 

 

 

Statutory Balance Sheet ($ billions)

 

 

 

 

As at 31 December

2025

2024

Dec 25 vs Dec 24 %

 

Advances to customers

118.7

111.6

6

 

Total assets

139.7

131.9

6

 

Deposits and other borrowings

94.5

94.8

 

Total liabilities

127.4

120.5

6

 

 

 

  1. Cash profit reflects the Banking Group’s underlying operating results and excludes items that introduce volatility and/or one-off distortions which are not considered representative of ongoing financial performance. These items are calculated consistently year on year and do not discriminate between positive and negative adjustments.
  2. Hedging and IFRS volatility includes unrealised fair value gains or losses on economic hedges that do not qualify for hedge accounting and unrealised fair value gains or losses on the ineffective portion of hedges that do qualify for hedge accounting under NZ IFRS. These fair value gains or losses are excluded from Cash profit/(loss) since the asymmetric recognition of the gains or losses does not affect the performance of the Banking Group over the life of the hedge.
  3. This represents the recognition of a notional cost of capital from the ultimate parent and other allocated costs which are not included in Statutory profit. Comparative information (including the tax impact) has been restated to conform to presentation in the current period. As a result, the return on average total equity and operating expenses as a percentage of total operating income have been restated accordingly.
  4. The results of certain business units within the CBA Group are excluded from Cash profit for management reporting purposes but included in Statutory profit.

 

 

 


[1] ASB KiwiSaver Scheme Conservative, Moderate, Balanced and Growth funds are in the top quartile for 12-month performance to 31 December 2025, Morningstar KiwiSaver Survey (Dec 2025).

[2] RBNZ quarterly release, 12-months to September 2025.

What’s point of external review of Govt. anti-strike facebook adverts with no finding of fault? – PSA

Source: PSA
The independent review of the Government’s controversial facebook adverts opposing the nationwide strikes last October is a waste of public money with no finding of fault able to be found.
Te Kawa Mataaho Public Service Commission released the terms of reference yesterday, but dated 18 December. It states, ‘The reviewer will not make any findings of fault’ and will not consider the actions of anyone outside the commission or Ministers.
“The terms of reference are way too narrow and will not help in ensuring lessons are learned,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
“Excluding findings of fault is a joke. What is the point if fault cannot be found and learned from?
“We have a costly review that seems more aimed at protecting Ministers and others than learning lessons.
“Workers have a right to strike, this should be the fundamental starting point.
“The Employment Relations Act requires the Commission, like all public sector employers, to negotiate and behave in good faith – the review needs to consider how the adverts undermined this clear obligation.
“Running a public relations campaign against workers rather than focusing on negotiating in good faith was wrong. Further they compromised the Commission’s duty to be politically neutral.
“The review is a waste of public money. The Government should have simply admitted it made the wrong call, apologised and said it won’t happen again.”
The PSA stands ready to assist the independent reviewer to better understand the Commission’s damaging actions.
Previous statement
The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand's largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

Energy Sector – Power prices predicted to surge – Consumer NZ

Source: Consumer NZ

Consumer NZ expects power prices to increase by about 5% in 2026 – a blow to households already hit with a 12% increase to power bills last year.

Households should brace for another big bump in power prices in the year ahead. The price predictions from Consumer NZ come at a time when nearly half of all New Zealanders are concerned about the cost of their household energy.¹

“Power bills are hiking up because of an increase in lines charges’ costs – that’s the cost of delivering power to your house, and it’s the amount on your bill that stays the same regardless of how much power you use,” said Paul Fuge, Powerswitch manager.

The lines charge makes up just over one-third of the power bill, and a small hike to that fixed cost makes a big difference to monthly bills.

Consumer recommends budgeting for an increase to power bills from the end of April. Customers can expect line charges alone to climb by an average of $5 per month through to 2029.  

“The lines charge will add an average of $5 per month to your bill, but this figure will vary depending on where you live and who your retailer is. As well as the fixed costs, we expect consumers will face increases to the cost of the electricity they use too,” said Fuge.

Why power prices keep going up

The cost of running and maintaining the electricity networks has increased, and this cost flows through to people’s power bills.

“It’s an unfortunate reality that households are being asked to shoulder higher charges to have electricity delivered to their homes. But at the same time, heavy rainfall over summer – so extensive that major hydro lakes are spilling water –has driven down wholesale electricity prices. Those lower generation costs should be easing the pressure on consumers by offsetting these rising lines charges. That doesn't seem to be happening. And that’s deeply unfair.”

The impact of ever-increasing power bills

Consumer’s research found that, last winter, one in five New Zealanders went to bed early to stay warm, one-quarter of people went without heating when it was cold and nearly one in five people cut back on food or other essentials to pay a power bill.²

“These drastic measures to manage power bills are not limited to one age group – young adults, older New Zealanders and everyone in between are being forced into uncomfortable and sometimes unsafe choices.  

“Based on our price predictions for 2026, we think the situation will only get worse,” says Fuge.

Consumer’s tips for managing power price surges

Check you’re on the cheapest plan – Power retailers are constantly changing their offers. Just because you picked the cheapest plan last year, it doesn’t mean it’s the best plan available now. You can find if there’s a plan that’s better for you through the free and independent power comparison website Powerswitch.

Keep your eye out for April price rises – Power retailers typically increase their prices from April. Mark a date in your diary for after 1 April to check in with Powerswitch to see if there are further savings you could make by switching then.

Understand your power usage – If you can do most of your power-hungry activities, like running your washing machine and dryer, in off-peak periods, you could make big savings. Off-peak periods are usually late at night, the middle of the day and weekends. You need to be on a time-of-use plan to save the most from your off-peak power usage. Being careful with when you use your power could potentially help you offset the price rises that we are predicting.

Notes

¹ Consumer NZ Sentiment Tracker January 2026
² Consumer NZ Sentiment Tracker October 2025

Consumer NZ’s Sentiment Tracker is an online survey based on a nationally representative sample of the New Zealand population. Results are weighted by age, gender and region based on Stats NZ 2018 Census data. Respondents are sourced from Dynata, an external panel provider. Surveys are conducted quarterly with at least 1000 respondents, with a margin of error of +/-3.1%.

Real Estate – Does size really matter? In the New Zealand property market – yes, it does!

Source: RealEstate.co.nz

Kiwis prepared to pay almost 50% more for a three-bedroom home
Getting the bedroom/bathroom combo right can add up to half a million to a home’s price
Renovations can pay dividends, but not all are created equal

Latest data from realestate.co.nz shows an extra bedroom can add anywhere from $150,000 to more than $450,000 to a home’s asking price.

In 2025, the national average asking price for a two-bedroom home was $640,794. This increased to $844,009 for a three-bedroom home, an increase of 31.7%. But the real gains come with the addition of a fourth bedroom, with the average asking price increasing 44.1% to $1,216,635.

 Vanessa Williams, spokesperson for realestate.co.nz, says the price increases highlight how additional space remains a key driver for property value.

“Kiwis are still attracted to more space and see value in that, whether it’s to accommodate a growing family, work-from-home flexibility, or future-proofing an investment.”

However, it is the combination of bedrooms and bathrooms where the biggest gains can be seen.

In 2025, the average asking price of a 3-bed 2-bath home was $987,609. This increased by almost 40% to $1,376,229 for a 3-bed, 3-bath home, a difference of $388,620.

For a bigger home, the average asking price of a 4-bed, 2-bath home was $1,173,682 but increased 44% to $1,690,982 with a third bathroom, a difference of more than half a million dollars.

Within every bedroom category, adding bathrooms pushes prices significantly higher – showing that bathrooms are a major price driver across all home sizes.

Not all upgrades are equal: know your market

Williams says for those homeowners considering a renovation, look at the bigger picture before picking up a hammer, because a reno isn’t always a sure-fire way to increase their sale price.

” We know bedrooms and bathrooms affect average asking prices but before homeowners embark on a renovation, liveability needs to be factored in. An odd layout that adds a bedroom or bathroom but reduces living, dining, or entertaining space, or negatively impacts the flow within a home, is less likely to bring the gains owners are hoping for.”

“Not all renovations are created equal, as buyers are drawn to homes that suit their lifestyle. We always encourage homeowners to think about who they’re renovating for – themselves or future buyers.”

About realestate.co.nz | New Zealand’s Best Small Workplace (2025)

Realestate.co.nz – your home for property search.  

We’ve been helping people buy, sell, or rent property since 1996. Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry. We are certified carbon neutral (2024 & 2025) and in 2025, realestate.co.nz was crowned Best Small/Micro Workplace in New Zealand by Great Place to Work.

Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.    

Whatever life you’re searching for, it all starts here.  

Want more property insights?  

Market insights: Search by suburb to see median sale prices, popular property types and trends over time.  

 Glossary of terms:  

Average asking price (AAP) is neither a valuation nor the sale price. It is an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released simultaneously.  

Price drop reflects the difference between a property's original asking price when listed on realestate.co.nz and its price at the point of sale or withdrawal. While it doesn’t show the final sale price, it provides a strong signal of how much sellers are adjusting to meet buyer demand.

Govt Cuts – MSD plan to cut security guards risks repeating mistakes of the past – PSA

Source: PSA

The PSA is calling on the Ministry of Social Development (MSD) to pause a proposal to cut security guards from three to two at 20 offices around the country until the union is satisfied that proper risk assessments have been carried out.
MSD is planning to introduce the two-guard model at smaller centres across the country from Waiuku through to Gore (see note below).
“Every worker deserves to be safe at work, and this decision risks repeating the mistakes of the past,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi.
“The PSA formally asked for site specific risk assessments to be undertaken in a letter to MSD on 3 February 2025.
“The PSA met with MSD this week to discuss concerns that the proposal to reduce security guards was developed without consultation with workers who would be most impacted.
“MSD claims to have undertaken a site assessment, but this has not yet included consultation with workers on the sites or the union. The voice of workers and the union is critical for risks to be properly considered.
“We have asked for a copy of the so-called site assessments so we can determine if they adequately assess risk facing our members. MSD has not agreed to provide the assessments but has agreed to discuss them further with the PSA.”
MSD has now committed to engaging with PSA members at each site which is a welcome development, but we have no commitment that decisions to reduce security guard numbers will be re-visited.
“We remain concerned that the approach from MSD disrespects the vital role security guards play in keeping both MSD workers and members of the public safe. They can de-escalate tense situations before they spiral out of control.
“People often come to MSD offices at the most stressful times of their lives – dealing with unemployment, housing insecurity, or financial hardship. Sometimes they take their frustrations out on frontline staff.
“In an environment of increased unemployment and lack of housing, this is exactly the wrong time to be reducing security.”
The PSA will continue to press MSD for specific risk assessments that reflect the concerns of workers for each of the 20 impacted sites before the proposal can be finalised.
Note: the impacted offices are in Alexandra, Balclutha, Cambridge, Dannevirke, Feilding, Foxton, Gore, Greymouth, Marton, Matamata, Ngāruawāhia, Ōtaki, Queenstown, Stratford, Taihape, Te Kūiti, Wainuiomata, Waitara, Waiuku and Westport
The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand's largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.