Source: PSA
ASB – Housing confidence on the rise according to ASB
Confidence in New Zealand’s housing market has lifted sharply this quarter, with an increasing proportion of Kiwi expecting house prices to rise over the next year, despite growing expectations that interest rates will increase.
In ASB’s latest Housing Confidence Survey, a net 30% of respondents now expect house prices to increase over the next 12 months, up from 17% in the previous quarter. Buying sentiment remains high and broadly unchanged, with a net 27% of respondents saying now is a good time to buy a home – well above the long‑term average.
What’s driving the shift?
ASB Chief Economist Nick Tuffley says the results suggest confidence that the housing market has moved past its weakest point is building, even if a strong price upswing is unlikely.
“House price expectations have clearly rebounded after a soft patch through 2025,” Nick says. “However, high levels of housing supply and only moderate demand are likely to keep price increases relatively subdued through the first half of 2026.”
At the same time, households are considering the interest rate outlook.
“With inflation ending 2025 above the Reserve Bank’s target band and mortgage rates already edging higher, people are now anticipating further increases this year,” Nick says. “The switch over the quarter to fewer people expecting declining rates and more expecting higher rates was marked. In the face of that shift, the greater degree of confidence on future house price increases is a call-out”.
What it means for the housing market
Optimism has increased across all regions, led by the South Island with a net 36% expecting house prices to rise over the coming year. Auckland recorded the largest quarterly improvement, with net house price optimism rising to 33%.
Nick says conditions continue to favour buyers, particularly first‑home buyers, with listings remaining high, giving purchasers plenty of choice and time to negotiate.
“From a buyer’s perspective, prices are stable, supply is at a 10‑year high and mortgage rates are still relatively low. However, rising expectations for both house prices and interest rates could prompt some buyers who have been sitting on the sidelines to act sooner rather than later, to avoid getting priced out.”
What's next?
Expectations for both interest rates and house prices to rise over the next year may encourage some buyers to bring forward purchasing decisions. This, alongside an expected improvement in broader macroeconomic conditions, could underpin housing market activity. The recent lift in home lending to both investors and first‑home buyers supports this.
Despite the improvement in sentiment, ASB economists caution that household finances remain a key constraint. Unemployment is still elevated and economic recovery remains uneven across the regions which is likely to temper any near‑term surge in housing activity.
ASB economists are anticipating a 25bp OCR hike by year‑end and an eventual OCR peak of 3.25% but note that circumstances can change quickly – (read more here: https://www.asb.co.nz/content/dam/asb/documents/reports/economic-note/asb-rbnz-review-feb26.pdf?et_rid=NDE3ODI5NTcxMjM5S0&et_cid=10091851
The current steer from the RBNZ is that the OCR is expected to rise, just not immediately.
The latest ASB Housing Confidence Survey, along with other recent ASB reports covering a range of commentary, can be accessed at the ASB Economic Insights page: https://www.asb.co.nz/documents/economic-insights.html
Fragile hospital IT systems again exposed by major outage – action needed now – PSA
Source: PSA
Events – Jim Beam Homegrown announces emerging artists to perform at 2026 Festival
Thursday, 26 February 2026 – Jim Beam Homegrown is turning up the volume on the future of New Zealand music, announcing six breakthrough acts from 150 entries to perform on the Manuka Phuel Nexus Stage at this year’s festival at Claudelands Oval in Kirikiriroa, Hamilton.
The Jim Beam Homegrown Manuka Phuel Nexus Stage is a dedicated performance platform for emerging Kiwi artists and reflects the Festival’s commitment to fostering homegrown talent.
Andrew Tuck, Jim Beam Homegrown chief executive and managing director, says the new stage represents a defining step in the festival’s evolution.
“Homegrown has always been about backing Kiwi music at every level,” says Tuck. “The Manuka Phuel Nexus Stage gives these emerging artists the opportunity to perform and gain visibility. These artists are already making noise, but we’re providing them with a stage to be louder!”
The selection process
The six emerging artists who will perform at Jim Beam Homegrown have been selected from a nationwide competition, which was open to artists of all genres. To be eligible, artists needed to have 2026+ monthly listeners, followers, or streams; 2026+ social followers; a press kit; radio ready single; and the ability to perform a 45-minute set of original music. Jim Beam Homegrown received 150 entries, of which the final six have been selected.
They are: Altercation X Erin G, Cordian, Imani-J, PRINS, Verity, Wet Denim.
Tuck says the overwhelming number of entries to the competition proves the future of Kiwi music is in safe hands.
“To see more than 150 artists put themselves forward shows just how much talent is out there. Narrowing it down to six wasn’t easy, but these artists have something special. In a few years, we fully expect some of these artists to be headlining major stages across the country.”
Tuck says: “Jim Beam Homegrown has always been a ground for fostering Kiwi talent, and this initiative strengthens that pathway. We’re not just booking artists for a set, we’re investing in the next chapter of New Zealand music.”
With seven stages, tens of thousands of fans, and the most ambitious production scale in Homegrown history, the addition of the Manuka Phuel Nexus Stage reinforces the festival’s mission: uplifting local talent while celebrating the artists who carry the sound of Aotearoa to the world.
Manuka Phuel Nexus Stage Line Up
Altercation X Erin G | Auckland
Tamaki Makaurau-based singer-songwriter, Erin G, and Queenstown DJ/Producer Altercation will team up to dive into new sonic territory with their EP, Dream it Again, a poignant EP which captures Erin G’s intimate storytelling alongside Altercation’s soulful side of drum and bass.
Cordian | Auckland
An alternative/progressive rock group from Auckland, the band consists of Mike Raven (Guitars/Keys, Kris Raven (Drums/Percussion, Nick Raven (Bass) and Dity Maharaj (Vocals/Artwork).
Imani-J | Nelson
Haitian-New Zealand artist, Imani-J is crafting music that sits at the intersection of Afrofusion and R&B. An artist in the truest sense of the word, Imani-J is a singer, songwriter, dancer, and performer with a strong vision for her future.
PRINS | Auckland
PRINS is a New Zealand-born pop artist carving out a bold, international lane with sleek pop hooks, sharp visuals, and a live show built for scale. Blending high-energy pop with a darker, confident edge, her sound sits comfortably alongside RAYE, Selena Gomez, Tate McRae, and Ashnikko, polished, emotionally charged, and unapologetically modern.
Verity | Hamilton
Known for her deeply honest storytelling and blend of pop, soul, and R&B, vocalist, performer and social media star, Verity started her musical journey in Hamilton, Kirikiriroa and continues to carve out a sound that is raw, real and unmistakably her own.
Wet Denim | Wellington
Four-piece rock pop band from Wellington, Wet Denim established themselves as a must-see live act in the Australasian scenes. The group’s sound is a blend of captivating vocals, lush guitar chords, syrupy basslines, and hard-hitting drums.
The festival will be held in Hamilton for the first time in 2026, kicking off on Saturday, 14 March at Claudelands Oval.
About Jim Beam Homegrown
Jim Beam Homegrown is New Zealand's largest Kiwi-only music festival, celebrating the best of Aotearoa's musical talent. Established in 2008 in Hamilton, initially as X*Air, an extreme sports festival, Jim Beam Homegrown showcases a wide range of genres, including rock, funk, pop, reggae, hip-hop, and electronic music.
Tickets to the inaugural Hamilton event can be found at www.homegrown.net.nz
Ki Tua O Matariki Warns Government That "Move-On" Powers Targeting Homeless Whānau will have negative consequences
Source: Ki tua o Matariki
Legislation – Four bottom lines for a workable farm plan system – Federated Farmers
Source: Federated Farmers
Defence News – New Zealand’s Navy, Army and Air Force combine for successful South-West Pacific operation
The Governor-General of New Zealand’s visit to Tokelau, the upgrade of critical tsunami and volcano monitoring equipment on Raoul Island, and a search and rescue operation near Tonga were among the achievements of the New Zealand Defence Force’s first extensive operation to the South-West Pacific this year.
With New Zealand Army and Royal New Zealand Air Force personnel aboard, military sealift vessel HMNZS Canterbury under the name Operation Calypso covered 4580 nautical miles without the ship needing to take on additional food or fuel over 23 days.
Commanding Officer, Commander Wayne Andrew, said the mission was a busy one for everyone and was one of the best examples of Service interoperability he had seen.
“With two NH90 helicopters and crew, and supporting personnel from the NZ Army’s 5 Movements Company, this was a tri-service operation covering a range of tasks supporting New Zealand Government agencies in our Pacific neighbourhood.”
MetService personnel were aboard to assess available meteorological observing resources on the three atolls, and a New Zealand Police officer met the Tokelau Chief of Police and took part in community engagements.
Commander Andrew said the NZDF’s strong Pacific connections were an important part of the mission.
“Not only was the ship there for the centenary of New Zealand’s administration of Tokelau, but two Tokelauan members of the Navy were able to reunite with their families there.”
The ship’s company also had two Tongan speakers who were able to translate when Canterbury was last week called on to rescue two men drifting 105 nautical miles south of Tonga.
“Seeing the reaction when our two Tokelauan personnel were welcomed home was incredibly emotional for everyone who witnessed this, and having two Tongan speakers within our ship’s company meant we could reassure the rescued sailors that we would be delivering them home,” Commander Andrew said.
The ship’s final stop at Raoul Island allowed crew working parties to clear overgrowth from the Homestead and Green Lake areas, while NH90 helicopters and 5 Movements Company personnel secured and flew MetService and Earth Sciences NZ (ESNZ) personnel and equipment to remote parts of the island.
Critical tsunami and volcano monitoring equipment on Raoul Island, which provide an early warning system for New Zealand and the region, were upgraded.
As Canterbury returned to Devonport Naval Base this week, Commander Andrew reflected on what the mission had achieved.
“All the people who joined the ship from Her Excellency the Governor-General Dame Cindy Kiro through to the MetService and ESNZ scientists and technicians, NZ Police, Army and Air Force personnel, fully immersed themselves in the ship’s culture and added to it.
“Canterbury’s motto is Kotahitanga (Unity) and this was certainly on display throughout.”
Legislation – Bill limiting protest outside of residences chilling – Amnesty International
Source: Amnesty International Aotearoa New Zealand
Child poverty statistics show that children are being let down by flawed economic model
Source: WEAll Aotearoa New Zealand
- 25.1 percent of tamariki Māori are living in material hardship
- 31 percent of Pacific children, and
- 26.9 percent of disabled children.
Universities – Vice-Chancellor Professor Nic Smith stands down from Te Herenga Waka—Victoria University of Wellington
Professor Nic Smith is standing down as Vice-Chancellor at Te Herenga Waka—Victoria University of Wellington, to take up the role of Vice-Chancellor at the University of Auckland. Professor Smith's final day at Te Herenga Waka will be Friday 12 June.
Professor Smith has expressed his gratitude to both the staff and student community at Te Herenga Waka for their support.
“Serving Te Herenga Waka—Victoria University of Wellington has been one of the great privileges of my career. I have deeply valued the relationships, conversations and shared purpose within this community, and I will miss working with you.”
“A healthy university is one where diverse perspectives are welcomed, ideas are tested rigorously, and debate is conducted with respect. That capacity to disagree thoughtfully, while listening to each other and remaining connected to a shared purpose, is one of the most important contributions universities make to society,” says Professor Smith.
Professor Smith said that enrolments have stabilised in the domestic market and particularly the international market, which is very important for our long-term sustainability.
“Our academics also continue to excel in teaching and research. Our recent rankings for the Law Faculty and AI are but two examples which are testament to this. There are many more.”
Professor Smith was also grateful to the University Council and Te Hiwa and the wider group of leaders at the University.
University Council Chancellor Alan Judge expressed his gratitude to Professor Smith: “Since taking on the role of Vice-Chancellor in January 2023, Professor Smith has worked closely with us on achieving financial sustainability while also overseeing the University to see that it has maintained its heart and special character.
“Professor Smith has done an outstanding job of driving our ambitious strategy, engaging with the city and taking the University community forward. We are grateful for his service and wish him all the best in his role at the University of Auckland.”
A recruitment process for a new Vice-Chancellor will begin immediately.
