Animal Welfare – Billboards, cinema ads, and a call to Fonterra: SAFE marks Bobby Calf Awareness Day – SAFE

Source: SAFE For Animals

This Sunday is Bobby Calf Awareness Day – a day to recognise the two million newborn calves who are separated from their mothers and killed every year by New Zealand’s dairy industry.
To mark the day, SAFE has launched a nationwide campaign with cinema ads, digital advertising, and billboards, including one placed outside Fonterra’s Auckland headquarters. The campaign also coincides with the tenth anniversary of SAFE’s internationally recognised Calf in a Glass campaign, which exposed the hidden suffering of bobby calves and forced limited reforms.
SAFE has invited Fonterra CEO Miles Hurrell to sit down over a coffee and talk about what a future without this cruelty could look like.
“Ten years on from Calf in a Glass, little has changed for calves,” says SAFE Campaigns Manager Emma Brodie.
“Every year, calves are torn from their mothers within hours of birth, while their mothers call out for them in distress. It’s a cycle of suffering repeated millions of times, and it continues today.”
“It’s time for Fonterra to start looking seriously at animal-free technologies and plant-based innovation that could end the killing of bobby calves for good.”
SAFE says the cost of dairy is not borne by calves alone. The industry is Aotearoa’s biggest climate polluter and a leading cause of freshwater degradation yet continues to market itself as “sustainable.”
“Protecting calves and protecting the environment are two sides of the same problem, and both demand urgent action,” says Brodie.
SAFE is urging the public to mark Bobby Calf Awareness Day by going dairy-free this Sunday – a small action with a big impact for calves and the planet.
“Every dairy product on the shelf represents a calf taken from their mother,” says Brodie.
“This is the hidden cost behind New Zealand’s dairy industry. Calves deserve better, and they cannot wait another ten years for change.”
SAFE is Aotearoa’s leading animal rights organisation.
We're creating a future that ensures the rights of animals are respected. Our core work empowers society to make kinder choices for ourselves, animals and our planet.
Notes:

  • Bobby calves refer to newborn calves (males who can’t be used for milking and unwanted females) who are considered surplus to the needs of the dairy industry. Every year in New Zealand, around two million are separated from their mothers shortly after birth and slaughtered within their first week of life. Their bodies are then processed into veal, pet food, and pharmaceuticals.
  • In 2015, SAFE published advertisements in the UK Guardian drawing attention to the plight of New Zealand’s bobby calves. In response to the pressure created by Calf in a Glass and subsequent investigations, the Government introduced the regulations on the care and treatment of bobby calves, which required calves to be at least four days old and fit before transport, capped journeys at 12 hours, and prohibited sea transport across the Cook Strait. The regulations also banned blunt force trauma as a method of killing (except in emergencies), required calves to be fed at least once within 24 hours before slaughter (from February 2017), and mandated suitable shelter and proper loading facilities during transport (from August 2017). While these reforms somewhat improved handling and transport conditions, they did not address the fundamental issue of calves being separated from their mothers and slaughtered at only a few days old.
  • Earlier this month, SAFE received footage from Lincoln University’s Dairy Demonstration Farm – a facility presented as “world best-practice” and a training ground for the next generation of farmers. The footage shows the reality behind the PR: newborn calves being born into mud, piled on top of each other in trailers where they risk suffocation and injury, and a mother chased aggressively on a quad bike after separation from her calf. This footage reveals the ongoing suffering that the dairy industry fails to acknowledge, highlighting why campaigns like Bobby Calf Awareness Day remain urgent and necessary. All images and footage from Lincoln University must credit Matt Coffey. 

Business – Alvarium acquires 100% of Salt Funds Management

Source: Rātā Invest

Alvarium (NZ) Wealth Management Holdings Ltd (Alvarium), parent company of Alvarium Wealth and Pathfinder Asset Management, is pleased to announce the effective acquisition of 100% of Salt Funds

Management for an undisclosed sum. The transaction increases Alvarium's total assets under advice to more than NZD$4.3 billion.

Alvarium has completed this strategic acquisition to expand its investment platform capabilities. The acquisition enhances the firm's existing service architecture and expands its product suite to deliver greater investment diversification and client optionality. Solely owned by New Zealanders, this news reinforces their long-term vision and commitment to New Zealand.

As a specialised financial services firm serving high-net-worth families and individuals, foundations, and next-generation wealth holders, Alvarium delivers bespoke advisory services, alternative investment strategies, and proprietary investment solutions, and through the Pathfinder KiwiSaver Plan and Managed Fund solutions.

The integration aligns with Alvarium's boutique positioning while enhancing its institutional capabilities and broadening its investment management platform.

“Salt has built an exceptional reputation as an active fund manager with robust investment processes and successful track record of style-agnostic investing,” said Alvarium Wealth Chair, Shane Edmond. “We are looking forward to working with their experienced investment team as we align to further grow these strong funds management businesses and considerable wealth advisory platform.”

Salt is committed to active fund management and places great emphasis on its rigorous in-house fundamental research. Salt is well known for its innovative products such as the Salt Long Short Fund, the listed Carbon Fund, and the Salt NZ Dividend Appreciation Fund. Continuity under the existing investment management teams will ensure preservation of Salt's established investment processes and the managers' proven track record of generating strong risk-adjusted performance for investors.

“Alvarium has been very successful in bringing together multiple businesses with a focus on creating wealth for their clients,” said Salt Managing Director, Matthew Goodson. “Alvarium is an ideal fit for the Salt team. They have a tremendous franchise with their Pathfinder KiwiSaver Plan and funds, with market-leading ESG practices and capability. We are excited by the outlook when we add our fundamental research skills to this.”

Since inception Salt has been wholly owned by its investment personnel, and these individuals will remain co-owners, via equity ownership in Alvarium.The Alvarium family of wealth advisers, investment and operations professionals will not change, and we welcome the Salt team to support our continued delivery of best-in-class financial advice and wealth management.

On 1 April 2025, Rātā Foundation made a strategic direct investment in Alvarium Wealth/Pathfinder, acquiring a 25% stake in the firm.

Rātā Chief Executive Leighton Evans says, “The investment in Alvarium reflects our long-term strategy to grow the capital base of Rātā through direct, values-aligned partnerships. The acquisition of Salt Funds is a natural extension of that strategy—bringing together strong investment capability with a shared commitment to ethical outcomes. This is about more than financial growth; it’s about ensuring our investments reflect the aspirations of the communities we serve and enable us to increase our impact over time.”

As the South Island’s largest community investment fund, Rātā Foundation manages a $700 million pūtea, supporting social initiatives across its region with approximately $26 million annually.

Background

On 1 April 2025, Rātā Foundation made a strategic direct investment in Alvarium Wealth/Pathfinder, acquiring a 25% stake in the firm.

Alvarium has now acquired 100% of Salt Funds to expand its investment platform capabilities, increasing total assets under advice to over NZD$4.3 billion.

Q1: Why did Alvarium acquire Salt Funds Management?

Salt brings a strong track record in active fund management and a suite of high-performing products, including the Salt Long/Short Fund, Carbon Fund, and Dividend Appreciation Fund.

Q2: How does this acquisition align with Rātā Foundation’s investment strategy?

This acquisition is a natural extension of the Rātā direct investment strategy. It strengthens Alvarium’s institutional capabilities and broadens its product suite—enhancing diversification and values-aligned investment options. It also supports the Rātā goal of growing its capital base through strategic partnerships that deliver both financial and social returns.

Q3: What does this mean for Rātā commitment to ethical investing?

Salt’s investment philosophy—focused on structural market inefficiencies and risk-adjusted returns—complements Rātā ESG-I values. The acquisition reinforces Rātā leadership in ethical investment and its commitment to Tiakitanga, Whanaungatanga, Manaakitanga, and Kotahitanga.

Q4: Is this consistent with Rātā SIPO?

Yes. The Rātā Foundation Statement of Investment Policies and Objectives (SIPO) allows up to 30% of its portfolio to be allocated to direct investments. These are expected to improve long-term financial returns, increase distributions to communities, and align with Rātā purpose of creating equity, sustainability, and ESG-I aspirations.

Q5: What are the risks and how are they being managed?

Risks include market volatility, stakeholder scepticism, and reputational exposure. These are mitigated through clear values-based messaging, transparent governance, and ongoing alignment with Rātā ESG-I standards.

Q6: What impact will this have on South Island communities?

The partnership enhances Rātā ability to deliver impact through ethical investment. It supports community wellbeing by increasing the capital available for grants and aligning investments with local aspirations—particularly in Canterbury, Nelson, Marlborough, and the Chatham Islands.

Q7: What future growth opportunities does this acquisition unlock?

The acquisition of Salt Funds positions Alvarium—and by extension Rātā—as a key player in the evolving landscape of ethical and values-aligned investment. With over NZD$4.3 billion in assets under advice, the expanded platform offers:

  • Enhanced diversification: Salt’s fund suite adds new investment strategies, including long/short, carbon-focused, and dividend appreciation funds.
  • Stronger institutional capability: Alvarium’s boutique advisory model is now backed by Salt’s robust investment processes and style-agnostic approach.
  • Scalable impact: The combined entity is better equipped to pursue larger, more complex investments that align with Rātā strategic pou—housing, health, education, and environment.

Q8: How does this benefit our stakeholders?

Stakeholders—including community partners, fund managers, and grantees—stand to gain from:

  • Increased distributions: Improved financial returns from direct investments will grow the Rātā pūtea over time, enabling more funding for community initiatives.
  • Greater transparency: Rātā leadership in ethical investment and its commitment to ESG-I (ESG + Indigenous) principles ensure that stakeholders can trust the integrity of its investment decisions.
  • Stronger partnerships: The acquisition strengthens the ability of Rātā to co-invest with aligned organisations, iwi, and community trusts, fostering collaborative growth.

Q9: What is the social impact of this investment?

This transaction is more than financial—it’s a strategic move to amplify Rātā purpose:

  • Values-aligned investing: Salt’s ethical investment philosophy complements Rātā Foundation’s commitment to Tiakitanga, Whanaungatanga, Manaakitanga, and Kotahitanga.
  • Community wellbeing: Increased investment returns mean more resources for grants, loans, and local ventures that directly benefit Canterbury, Nelson, Marlborough, and the Chatham Islands.
  • Leadership in impact investing: Rātā is setting a precedent for how other community trusts and foundations can create social impact while maintaining financial discipline.

Visit www.ratainvest.org.nz for more on our investment approach.

Banking – Park Hyatt Auckland achieves best-in-class sustainability rating with ASB backing

Source: ASB

Park Hyatt Auckland is the first hotel in New Zealand to be awarded the coveted 4-star Green Star Performance Rating by the New Zealand Green Building Council (NZGBC).  

Green Star Performance sets out a range of criteria that is used to determine if a building and its operations are best practice in terms of sustainability. This was adopted and adapted for the New Zealand market from the Australian tool with input from the New Zealand property sector.

ASB provided lending through its Sustainable Transition Loan along with advisory services, to support Park Hyatt Auckland through the rigorous certification process and ultimately achieve the impressive certification. The Green Star Rating ensures sustainability claims are substantiated and backed up by a commitment to continuously maintain and improve performance, with energy and water efficiency monitored annually and a full re-certification completed every three years.

From its innovative 85,000-litre collection tank that filters rainwater through the building to flush toilets and water plants, the philosophy flows right down to the ground floor kitchen, where food waste is converted into renewable energy. With the hotel generating an average of 45 bins of food waste per month, each weighing around 150kgs, this amounts to approximately 6,700 kilos of food waste per month that's diverted from landfill. Other leftover ingredients are either composted or donated to charitable organisations.

“We’re proud of leading the way by achieving this prestigious performance rating, and we’re thrilled the Council has recognised our commitment to balancing a superb guest experience with responsible resource use,” says Park Hyatt Auckland General Manager Brett Sweetman. “When the hotel project began in 2015, we already had sustainability in mind, and it continues to be very important to us – right down to locally sourced ingredients and even the sustainably sourced paper we use in the meeting room.”

“This is a tremendous achievement and shows real leadership for the sector,” says NZGBC Senior Manager Bobby Shen. “By going through this process, the Park Hyatt Auckland team has benchmarked vital elements like indoor air quality, temperature comfort, and efficiency that will support visitors to Tāmaki Makaurau to have a healthy, comfortable stay, while also ensuring they’re measuring and working to reduce their impact on the planet.”

“Discerning travellers increasingly expect luxury hotels to demonstrate a genuine commitment to sustainability. At Park Hyatt Auckland, we believe true luxury lies not only in exceptional experiences, but also in operating responsibly and with respect for our environment and community,” says Mr Sweetman. “ASB has been instrumental in joining the dots of what’s possible and how to bring those ideas to fruition to make them not only commercially viable and but also to lower emissions.”  

ASB’s General Manager Commercial Banking and Business Strategy Ben Speedy describes sustainability as a ‘win-win’.

“We see time and time again that enabling building owners to analyse their operations from an environmental perspective inevitably leads to lower costs,” he says. “It’s not just ‘feel-good’ factor, it’s also about the bottom line. Sustainable business decisions make commercial sense, and our role is to support our customers to grow their business while working towards their sustainability goals.”

ASB has now issued $1.5b of sustainable finance to support the decarbonisation of New Zealand’s property sector over the past four years. The bank is actively engaged with business customers across all sectors to help progress New Zealand’s transition to Net-Zero by 2050.

“We offer funding that kicks in straight away to back the customer while they work toward their desired goal,” says Mr Speedy. “This means that as soon as you've identified the next step of your sustainability journey, you'll have ASB’s support to hit the 'go' button. At ASB we’re always monitoring and working to reduce our own emissions, so we share values with Park Hyatt Auckland when it comes to meaningfully contributing to our country’s net zero aspirations.”

Unions propose establishment of new Workplace Education Agency – NZCTU

Source: NZCTU Te Kauae Kaimahi

The NZCTU Te Kauae Kaimahi is calling on political parties to adopt their new policy to establish a Workplace Education Agency. The agency would provide support for unions to build their capacity and better engage with employers.

The proposal is the first in a series of NZCTU policies that political parties will be expected to adopt if they want the support of working people. 

“We have an opportunity to build democratic workplaces and productive industries. We can transform how unions and employers work together,” said NZCTU President Richard Wagstaff.

“We have done this before, and it worked. From 1986-1992 the Trade Union Education Authority coordinated and delivered trade union education and built union capacity to carry out their role more effectively.

“The agency would support unions with training and developing their organisational capabilities.

“Trade unions are fundamental for strong democratic workplaces, and productive economies. Respecting and valuing workers is good for the economy.

“If we want fair and productive workplaces, we must invest in dedicated support for union development. 

“Government supports business as standard practice yet doesn't give any support to unions. That must change.

“Support for this proposal will tell us whether political parties are truly committed to workers,” said Wagstaff.

Port of Auckland General Manager Phil Doak has said the company supports workplace education and training and partnering with unions to achieve better outcomes.

“Port of Auckland support building and developing its people and a great workforce. We believe that there is mutual benefit from safety, leadership and business acumen training. We’ve seen immense benefit in partnering with our unions through High Performance, High Engagement (HPHE) over the past few years and encourage the adoption of HPHE as a model for collaboration in other organisations,” said Doak.

Employment indicators: July 2025 – Stats NZ information release


Marriage continues to fall out of favour – Stats NZ media and information release: Marriages, civil unions, and divorces: Year ended December 2024


Universities – The good sh*t helping obese teens – UoA

Source: University of Auckland (UoA)

Can a capsule of healthy gut bugs change the future of obesity treatment? New findings from the University of Auckland’s Liggins Institute suggest it might.

Eight years ago, 87 obese adolescents took part in a groundbreaking study to see whether fecal transfer (taking ‘good’ gut bacteria from healthy donors and giving them in capsule form to people with a less healthy microbiome) would make a difference to their health and weight. 
Four years later, a follow-up study, published this week in the world-leading scientific journal NatureCommunications, suggests some significant health benefits from that single gut bugs transfer, with the original overweight teens having reduced risk for a bunch of metabolic changes which can lead to heart disease, stroke and diabetes. (ref. http://www.doi.org/10.1038/s41467-025-62752-4 )

Obesity is a significant health problem in New Zealand and elsewhere in the world. In Aotearoa, one in ten children and one in three adults – the third highest rate in the OECD – are classified as obese, according to Ministry of Health figures.
Obese teenagers very often grow up to be obese adults, and obese adults are more likely to suffer from a number of health problems, including type 2 diabetes, heart disease, stroke, cancer, osteoarthritis, sleep apnoea and problems with pregnancy and birth.
 
Professor Wayne Cutfield says four years after the original study, the group that had received the gut bugs hadn’t lost weight. However unlike the placebo group, they hadn’t put it on. The treatment group were on average 11kg lighter than those who had the placebo, although this was not considered statistically significant.
More important, was the impact on metabolic syndrome, Cutfield says. Metabolic syndrome is a cluster of five conditions – high blood pressure, high blood sugar, large waist circumference, high triglycerides (fat in the blood), and low HDL (‘good’) cholesterol.
 
“More than one in three of the original teenage participants in our study had metabolic syndrome,” Cutfield says. “Metabolic syndrome has severe consequences, including a doubling in risk of death from heart disease or stroke and a five-fold increased risk of type 2 diabetes.
“What is impressive is that just a single FMT [fecal microbiota transplantation] treatment produced a dramatic reduction in metabolic syndrome that lasted at least four years. This means participants are at much lower risk of developing diabetes and heart disease over the long term.”
 
Professor Justin O’Sullivan says another key finding in the follow-up study was that four years after the original fecal transfer, the introduced healthy bacteria were still present and thriving in the guts of the participants who had taken the capsules.
 
“It really makes us think about the timeframes over which we look for the impacts of microbiome-based treatments.”
O’Sullivan says the team is now working to identify and isolate a small number of ‘good’ gut bacteria likely to be the ones responsible for the beneficial health outcomes from the study.   “Imagine being able to programme your microbiome to reduce the risk of conditions before they occur. This work is paving the way for next generation probiotics that target specific conditions through sustained changes to the microbiome.”
 
Cutfield says commercialisation is the final goal, and Liggins is working towards producing and trialling capsules.
“Our holy grail is to develop a super mix of bacteria that can be taken to prevent or moderate metabolic syndrome. The first step is to prove our bespoke combination of bacteria actually works.”

Read the gut bugs follow-up study in the journal Nature Communications. Available from 9pm Thursday August 28 (ref. http://www.doi.org/10.1038/s41467-025-62752-4)

Employment – Health and safety reforms put workers at risk – NZCTU

Source: NZCTU Te Kauae Kaimahi 

The NZCTU Te Kauae Kaimahi is renewing its call on the Government to stop their planned health and safety reforms. This follows the news today that confirms the reforms have no evidential basis and are instead being driven by Act party ideology.

“It is disappointing to once again see the Minister for Workplace Relations and Safety push uninformed policies that are not supported by evidence or by leaders in health and safety,” said NZCTU President Richard Wagstaff.

“The feedback from officials is damning and confirms what we said from the outset. These reforms will not improve health and safety outcomes at work.

“The regulatory impact statement does not state how the reforms would lead to improved safety outcomes. This shows that the intent behind these changes is not a focus on improving safety.

“The Pike River disaster was a wakeup call to up our game on health and safety. It was clear we had to improve our regulator and enforcement, as well as our laws and regulations. A broad consensus emerged to do just that. These new changes will undermine that effort.

“New Zealand has a long way to go to improving its health and safety record. Every week a worker is killed on the job, and 17 more are killed from the impact of work-related illnesses. Every year there are over 30,000 injuries that require more than a week away from work.

“The Minister seems intent on bringing back the regulatory settings that enabled the Pike River disaster. This simply is not acceptable. Her proposed changes to health and safety laws are an insult to those killed and injured at work,” said Wagstaff.

Hawke’s Bay – Fernhill Bridge costing region millions – Transporting New Zealand

Source: Ia Ara Aotearoa Transporting New Zealand

Road freight association Transporting New Zealand says that weight restrictions on Fernhill Bridge on SH50 in Hawke’s Bay are costing the region millions of dollars, with many freight companies having to complete a 40km return detour to make deliveries.
Fernhill Bridge is a crucial freight corridor linking a large agricultural area with the region’s industrial centre in Hastings. It is also the main access point to the Taihape Road from Hastings. Weight restrictions introduced in 2022 have limited access to a maximum of 31 tonnes for eight axled vehicles.
Transporting New Zealand completed a survey of six local operators, that found the detour was costing just those six local freight companies and their customers an estimated $2.36 million a year, and producing an additional 500 tonnes of CO₂ emissions through additional diesel consumption. This was based on an average of 54 detoured trips per day across the surveyed companies, or nearly 20,000 trips per year.
Hawkes Bay transport operator Stephenson Transport travels through the area around six times a day and must detour. “Running a truck is costly – we all know that, and adding 30 minutes to a trip has a significant impact,” says CEO Todd Stephenson. He says it also makes managing logbook hours a challenge.
Transporting New Zealand Membership Manager Lindsay Calvi-Freeman says that the bridge urgently requires strengthening work and NZTA need to get the project underway.
“NZTA have stated that strengthening Fernhill Bridge is their highest priority project in the Central North Island. Despite this, no work has been done. Freight operators either have to undertake expensive detours or use more, less efficient, smaller trucks.”
“The cost-benefit on this strengthening project is very clear. The longer NZTA wait, the more delay and expense local businesses and consumers will have to endure.”
“We’re told strengthening the bridge will cost around $10 million. For just six operators, the cost of doing nothing exceeds that within five years. It’s a no-brainer to get it done now.”
“Hawke’s Bay needs a productive road network to unlock its economic potential and support its booming primary industries. Just to provide some perspective this is a region producing 60% of the country’s apples, 11% of the sheep, 12% of the beef, 10% of the grapes, 69% of the squash and is home to 8% of New Zealand’s pine forest.”
“We’re calling on NZTA to urgently allocate funding to the project and schedule a date for the strengthening work.”
Attached images:
1. Fernhill Bridge Archival Photo – 76 years on from its opening in 1949, Fernhill Bridge  is due for a major strengthening upgrade (the 70-year-old wooden truss bridge it  replaced is shown in the foreground). Source: Fernhill  Bridge – Grammer family By Attribution Alone, Ian Matheson City  Archives.
2.  An illustrative freight detour, avoiding Fernhill Bridge
About Ia Ara Aotearoa Transporting New Zealand
Ia Ara Aotearoa Transporting New Zealand is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter-regional commercial freight transport services throughout the country.
Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4700 businesses, with an annual turnover of $6 billion.

Real Estate – Bedrooms bring big gains: Kiwis prepared to pay the price for space

Source: RealEstate.co.nz

  • Aucklanders hit with steepest price rise between one and two-bedroom homes
  • Extra bedroom in Central Otago/Lakes District commands $500,000 increase in average asking price 
  • Wellington records 45% increase in average asking price between one and two-bedroom homes.

New data from realestate.co.nz highlights the additional value extra bedrooms can add to a property’s asking price; showing number of bedrooms is one of the clearest indicators of price difference in New Zealand’s property market.

Nationally, the average asking price increased by 32% when going from a one to two-bedroom property, and by 31% between a two and three-bedroom home.

The price difference continued to escalate as the number of bedrooms increased, with a 43% difference between three-bedroom and four-bedroom homes and a 40% difference between four-bedroom properties and those with five or more.

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Vanessa Williams, spokesperson for realestate.co.nz says homeowners willing to renovate could be rewarded for their efforts at sale time.

“At a national level, we’re talking about an almost $400,000 jump between a three-bedroom and a four-bedroom home and almost half a million dollars in increased value between a four-bedroom and a five-bedroom home.

“Property owners who are willing to roll up their sleeves and add another bedroom through a smart renovation will likely benefit when selling. Not only can adding an extra bedroom make a property more liveable, but it can also deliver one of the most significant value boosts when it comes time to sell.

“On the flip side, buyers need to be aware of the price differences when upsizing,” Williams says.

Auckland: the sharpest jump between one and two bedrooms

In Auckland, buyers who purchased homes between July 2024 and July 2025 paid 50% more on average to move from a one-bedroom property to a two-bedroom home – the steepest price jump recorded among New Zealand’s major regions.

The average asking price for a one-bedroom home sat at $513,668, rising to $772,483 for two bedrooms. Prices continued to climb steadily as the bedroom count increased.

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Wellington also recorded a substantial increase in prices between one and two-bedroom homes, with prices increasing 45% from $435,116 to $629,991. However, the increase in average asking price between three, four, and five-bedroom properties was more gradual in the capital, 33%, 28% and 31% respectively.

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Waikato and Canterbury see more value in four and five-bedroom homes

In Waikato and Canterbury, the biggest increase came when upsizing from a three-bedroom home to a four-bedroom home, reinforcing the value of homes with four or more bedrooms in these markets.

The difference in average asking price between a three-bedroom and a four-bedroom home in Waikato was $288,519 or 39%, while the difference between a three and four-bedroom property in Canterbury was $255,437 or 36%.

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An extra bedroom valued at half a million dollars in Central Otago/Lakes District

Another region of note was Central Otago/Lakes District, which recorded a 64% increase in average asking price between two and three-bedroom homes during this 12-month period. The average asking price of a two-bedroom home in this sought after region was $858,387, but this increased to $1,412,870 for a three-bedroom home, a jump of $554,483.

An additional 53% increase in the average asking price was recorded for four-bedroom properties in the region, a difference of $754,970. There was almost a million-dollar jump from $2,167,840 for a four-bedroom to $3,091,115 for a five-plus-bedroom home.

Williams says the price increases for extra bedrooms across the country show just how strong demand is for properties that suit growing families and lifestyles.

“These homes are often seen as the ‘forever home,’ so buyers are willing to stretch further to secure them.”

About realestate.co.nz  

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.  

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.

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.