Property Market – Flat market wouldn’t have generated much capital gains tax lately – Cotality

Source: Cotality

New Zealand’s property market remains largely stable heading into summer, with modest movements in values and continued strength in buyer participation from some groups, particularly in light of record first home buyers entering the market and renewed investor activity.

The Cotality NZ November Monthly Housing Chart Pack shows national median property values remained broadly unchanged over the three months to October, edging 0.1% lower and sitting 17.3% below the 2022 peak. Christchurch and Dunedin recorded modest gains, while Auckland dipped 1.0%. Invercargill reached a new high, underscoring the relative resilience of provincial markets.

Cotality NZ Chief Property Economist Kelvin Davidson said the possibility of a capital gains tax (CGT) announced by Labour last month has prompted discussion at a time when market activity is steady rather than strong.

Labour has confirmed it will campaign on a CGT at the next election, with the policy exempting the family home and applying to gains on residential investment and commercial property from a new valuation day in 2027. Gains made before that valuation date would fall outside the system.

“The timing of Labour’s proposal is interesting. The market is getting busier but remains a touch below normal, affordability has improved, and investor participation is on the rise. Against that backdrop, the CGT debate naturally raises questions about behaviour, whether investors would hold properties longer to try and avoid the tax for a while, and how much revenue a tax might realistically generate,” Mr Davidson said.

“Labour’s proposal is for a 28% tax on net profit from the sale of residential investments or commercial property from July 2027, excluding the family home, farms, and financial assets. From a market perspective, timing and assumptions are important considerations. For such a system to collect meaningful revenue, property values would need to rise, yet recent years have seen only modest growth. Our data shows national median values up 10% since five years ago in October 2020.”

Stable conditions support cautious optimism
While national figures show value growth has been subdued, first home buyer activity remains highly active, accounting for a record 29% of purchases in October.

Lower interest rates and the reinstatement of mortgage interest deductibility has helped support mortgaged multiple property owners, including rental investors, who also lifted their share to just over 25% of transactions in the last month.

“The predictability of current conditions is reassuring for buyers, who are continuing to adjust to the recent experience of stable prices and slightly lower mortgage rates,” Mr Davidson said.

“With affordability gradually improving and employment conditions set to strengthen next year, there’s a growing sense of cautious optimism, even if the recovery will be measured rather than sharp. Debt to income ratio caps are a key factor to watch.”

Sales and listings
Sales volumes continued their upwards trajectory, rising by around 6% in October (compared to the same month last year), marking the 28th rise in the past 30 months from the 2022–23 cyclical trough. Mr Davidson said with more households repricing onto lower mortgage rates over the next year, further growth in sales activity remains likely.

New listings also lifted through the middle of spring, pushing fresh stock onto the market, as per normal seasonal patterns. However, the rise in available listings was largely absorbed by the lift in sales, leaving total stock about 12% lower than the same time last year, albeit still sitting above levels seen between 2020 and 2023 for the time of year.

Outlook
Mr Davidson’s short-term outlook is that 2026 could bring firmer market conditions as lower interest rates work their way through household budgets.

“Affordability is at its best level in several years, listings are set to ease lower, and a large share of fixed loans are shifting onto cheaper rates. Provided employment holds up, those factors point to a gradual lift in both sales activity and values next year,” he said.

“We’ll be watching the final months of the year closely, as they will show whether the steady rise in sales is strong enough to keep absorbing the normal seasonal lift in new listings.”

The Cotality NZ Monthly Housing Chart Pack, November 2025 provides the latest breakdown of sales, listings, mortgage lending activity, buyer classification, property values, rental trends, and economic indicators, alongside updated context on how current median values relate to the proposed CGT policy.

Health Accelerator’s ACC digital assistant hits $180k milestone, boosting practice revenue and patient care

Source: Health Accelerator

Health Accelerator’s ACC claiming digital assistant has reached a major milestone, submitting and securing more than $180,000 in paid claims for general practices in just four months.

Currently used by 20 Indici-based practices, the assistant is helping unlock revenue that would otherwise go unclaimed – money that practices can now reinvest directly into patient care.

Paul Roseman, Chief Executive of Health Accelerator says: “This milestone is a powerful example of how automation can deliver real financial impact for general practices. Practices are often unaware of claims that have been missed by busy clinicians and teams – our digital assistant takes care of that, ensuring they receive the funding they’re entitled to.”

The digital assistant works by scanning the practice management system (PMS) for unclaimed ACC visits and automatically submitting valid claims.

“With a 100% success rate in claim validity and payment, it’s not only saving time but also ensuring practices are fairly compensated for the work they’ve already done. The assistant can look back over the past 12 months – the maximum claim window allowed by ACC – capturing historic claims that practices may have missed,” continues Roseman.

The current assistant is designed for Indici users, but Health Accelerator is actively working with MedTech to develop similar solutions for its practices. Additional digital assistants are already in use for inbox filing and cardiovascular risk assessments (CVDRAs), with more expected to launch soon.

“This is about more than just technology – it’s about advocacy. Practices deserve to be paid for the care they provide patients. By helping them access this funding, we’re supporting the sustainability of primary care and enabling clinicians to focus on what matters most: their patients,” concludes Roseman.

For more information, visit https://www.healthaccelerator.co.nz/digital-assistant-case-study

About Health Accelerator

Health Accelerator is a national collaboration driving smarter, faster innovation in primary healthcare. Backed by four of New Zealand’s largest general practice networks — Pegasus, Pinnacle, ProCare, and Tū Ora Compass Health — we support over 500 practices and care for around 2 million people across Aotearoa. Our mission is to reduce administrative burden, improve clinical workflows, and enhance patient experiences through digital health solutions. By working together across the sector, we’re accelerating the development and adoption of practical tools that deliver real value to primary care teams and the communities they serve.

Animal Welfare – New footage exposes devastating cruelty behind pig-caging Bill – SAFE

Source: SAFE For Animals

SAFE has released new footage from a Taranaki piggery that lays bare the day-to-day reality of farrowing crates – the same cages the Government is seeking to legalise through the Animal Welfare (Regulations for Management of Pigs) Amendment Bill.
Filmed in November 2025, the footage shows animal cruelty, with mother pigs confined in steel crates so small they cannot turn around, move freely, or care for their piglets. One pig has open pressure sores consistent with prolonged confinement on hard flooring. The footage also captures bar-biting – a well-recognised sign of distress – and unhygienic conditions, including dirty water troughs and waste bin filled with dead piglets.
SAFE CEO Debra Ashton says the footage provides a timely and confronting reminder of what is at stake if this bill passes.
“These pigs are suffering exactly as welfare scientists, veterinarians, and the courts have warned for years. The harm is written on their faces.” says Ashton.
The footage was shared with the Primary Production Select Committee by SAEF on Friday September 14 as it finalised its report on the Bill. On November 18, the committee recommended by majority that the bill proceed without amendment despite nearly 90% of submissions received opposing the Bill. 
Under current law, farrowing crates were due to be phased out this December, following a 2020 High Court ruling that found the systems unlawful. The National Animal Welfare Advisory Committee (NAWAC), the Government’s own independent advisory committee, has repeatedly advised that farrowing crates and mating stalls do not meet the purpose of the Animal Welfare Act.
“This Bill doesn’t just ignore welfare science; it rewrites the law to suit industry,” says Ashton.
“It’s a blueprint for how not to make animal-welfare policy.”
Last week, SAFE lodged a complaint with the Prime Minister urging him to reassign the animal-welfare portfolio. SAFE says the development of this Bill has been rushed and opaque, and heavily influenced by industry, which highlights exactly why Minister Andrew Hoggard’s longstanding industry affiliations are a serious conflict of interest.
“You cannot have credible oversight of animal welfare when the Minister is so deeply tied to the industries he is meant to regulate,” says Ashton.
“This is a textbook example of conflict of interest at play, and it has real-world consequences for animals.”
A 2025 Verian poll found that three in four Kiwis oppose the use of farrowing crates.
SAFE is calling on MPs to listen to their constituents, stand with mother pigs, and reject the Bill.
“MPs now face a simple choice: uphold the law that protects animals, or entrench the cruelty that harms them,” says Ashton.
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
  • November 2025 Footage shared with SAFE – Please credit Grassroots Campaigns for the footage
  • November 2025 still images shared with SAFE – Please credit Grassroots Campaigns for the images
  • SAFE lodged an animal welfare complaint with the Ministry for Primary Industries on Wednesday September 12 regarding the Taranaki facility, and an investigation is underway.
  • Attached; Formal complaint to Prime Minister Christopher Luxon re: animal welfare portfolio
  • Attached; Public Opinion Snapshot: Farrowing Crates and Animal Welfare in Aotearoa, SAFE – Verian, September 2025.

Crossroads: Business demands bold 2050 plan

Source: BusinessNZ

A new report by BusinessNZ calls for bold, long-term planning to enable a greater New Zealand by 2050.
The report titled New Zealand 2050: A Long-Term Vision, makes a case for a bipartisan national plan to redefine NZ’s competitiveness, social cohesion, and global standing by 2050.
Starting with NZ’s looming challenge of lower economic growth following from low population growth, the report argues for a managed approach to population and more expansive immigration.
The report outlines how the country is facing a labour shortage of at least a quarter of a million before 2050, and points to Statistics NZ’s estimate of a 1 in 4 chance that NZ will have no population growth at all by 2050 – a shrinking NZ, unable to pay for healthcare and pensions and unable to generate enough economic growth to sustain even a reduced population.
The report’s author, BusinessNZ Advocacy Director Catherine Beard, says there's still time to change course, but we need to act now.
“As a country, we have amazing ‘X factors’ that could be exploited to catapult our growth. Take for example New Zealand’s bountiful resource of renewable clean energy that could enable industries as diverse as green hydrogen production, data centres and digital infrastructure, steel, aluminium, energy-intensive food processing, to name a few.
“We also have enormous potential to build profitable niche clusters in specialty areas like food science and agri-tech, aerospace and autonomous systems, semiconductor materials and fusion science, digital exports, critical minerals and marine resources, and medical technology.
Beard says achieving such outcomes would require bold, long-term planning, led by bipartisan politicians, informed by public debate, and supported by public buy-in.
“In the first instance, it would require a certain level of bipartisan agreement on NZ’s current big decisions like superannuation, immigration, infrastructure provision, and long-term investment issues.
“It’s not a pipedream. We’ve already seen areas where there is broad support, including trade and Kaiwisaver.”
A recent survey of the BusinessNZ membership shows their number one concern was reversal of government policies following elections, affecting business certainty.
“We need to have a long-term plan for success because political flip-flops and U-turns mean that every time we have a change in government, New Zealand only goes sideways.”
Beard says the report is a call to action and an invitation to take part in a national discussion on shaping NZ’s future by 2050.
The report New Zealand 2050: A Long-Term Vision is available to read on the BusinessNZ website now: https://businessnz.org.nz/resources_category/reports-publications
The BusinessNZ Network including BusinessNZ, EMA, Business Central and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

Fire Safety – Spate of avoidable fires linked to storm clean-up in Southland

Source: Fire and Emergency New Zealand

A spate of hedge fires in Southland over the last 10 days has prompted Fire and Emergency to remind anyone wanting to burn to think carefully before lighting up debris piles from last month’s storm.
District Manager Julian Tohiariki says there are two common causes of fires getting out of control – both easily avoided.
“People have been setting fire to debris from the big winds at the end of October, without giving enough thought to where they have built their piles. They’re often much too close to hedges, shelterbelts and other vegetation.”
The second cause relates to people lighting up their burn piles without checking the weather forecast.
“At this time of year we do expect windy conditions and unsettled weather,” Julian Tohiariki says. 
“A fire that is not properly extinguished can reignite days later in windy conditions so we ask people to be aware of this and check that any fires they have lit are actually out. Wind will fan the flames, blow embers around and make it much harder to keep control of their fire.”
The outcome is frequently a 111 call that results in the local volunteer fire brigade having to put the fire out – often after significant damage to the property and sometimes affecting neighbours’ land as well.
Vegetation fires can burn for days if they become established and deep-seated. Extinguishing them often requires significant resources.
“This is putting a lot of pressure on our volunteer firefighters at a time when they are also really busy on their own properties,” Julian Tohiariki says. “Many of them are farmers themselves. They are also dealing with damage from the storm and doing their regular jobs at the same time.
“They always want to help their community but none of them want to be dealing with these completely avoidable fires.”
Anyone who uses fire as a land management tool needs to look at the weather forecast and go online to www.checkitsalright.nz for advice about safe burning.
Here are three tips to help avoid unwanted fires.
– Place the burn pile on the lee side (sheltered side) at least 30 metres away from trees, hedges, sheds or other structures, and Avoid powerlines.
– Create a five metre fire break to stop a creeping ground fire
– Always check www.checkitsalright.nz before burning, to be sure that it is safe to burn and understand any restrictions for your location, including if you need a fire permit.

Climate Action – New Zealand sinks even further in global climate action rankings – Greenpeace

Source: Greenpeace

Fresh off its humiliating “ Fossil of the Day” award at COP30 in Brazil, New Zealand has again been called out on the world stage for backsliding on climate action.
The latest Climate Change Performance Index (CCPI) – published annually by Germanwatch, NewClimate Institute and Climate Action Network – shows New Zealand dropping three more places, from 41st to 44th. Analysts say the slide is driven by the Government’s climate rollbacks, including repealing the oil and gas ban and weakening methane targets.
Greenpeace Aotearoa spokesperson Amanda Larsson says the fall is a stark warning.
“New Zealand was once seen as a climate leader. Now we’re scraping the bottom of the barrel thanks to this Government’s war on nature.
“We’re a country with a proud history of punching above our weight. It’s humiliating that our current crop of political leaders are trashing that legacy to let big polluters profit from wrecking our environment and our kids’ future.”
Since taking office, Christopher Luxon’s Government has paved the way for fast-tracking coal mines on conservation land, promised taxpayer subsidies for offshore oil and gas drilling, and bowed to livestock industry lobbyists by weakening rules for the country’s most polluting sector – intensive dairying.
CCPI analysts singled out the erosion of New Zealand’s previously bipartisan climate law, pointing specifically to the decision to weaken methane targets despite clear opposition from scientists, the Climate Change Commission and other political parties.
“Luxon’s Government has torched sensible climate policies – from cleaner cars to support for manufacturers to move off coal – and offered nothing credible in their place.
“Luxon and Simon Watts keep regurgitating the same old lines about being ‘committed to Paris’, even as they push policies that increase climate pollution. It’s a pretty transparent attempt to gloss over the fact that they’re letting polluters set the rules in their own interests – while ordinary people, including our kids and grandkids, bear the consequences.”
Denmark – which last year introduced a livestock emissions tax and has fostered a world-leading offshore wind industry – remains at the top of the index, followed by the UK and Morocco. Petrostates including Saudi Arabia, Iran, Russia and the United States rank at the bottom.
As in previous years, the top three positions remain empty because no country is acting fast enough.

Appointments – Fusion5 appoints Deepak Nangia as Group CEO

Source: FUSION5

19 November, Auckland, New Zealand: Australasian systems integrator Fusion5 has announced the appointment of Deepak Nangia as Group CEO.
Nangia is an experienced leader in IT and Professional Services businesses, having held senior leadership roles at Satyam (now Tech Mahindra), Capgemini, and, most recently, EY.
Rebecca Tohill, Executive Chair – Fusion5, says Nangia’s appointment will help lead the business into its next phase of growth and expansion. “We believe the market potential locally and further abroad is enormous, both in our traditional focus areas of business applications, and in our high growth areas of Managed Services, Data & Integration, AI, Commerce, and Transformation & Advisory. Deepak brings significant knowledge and experience in these growth areas, both locally and in Asia, which will be beneficial to us as we grow our structure to support a much larger business.”
“I’m truly delighted to join the Fusion5 family,” says Deepak Nangia, Group CEO for Fusion5 Australia and New Zealand. “Fusion5 has a remarkable reputation. It’s clear that the strong foundations it has built are the result of years of hard work, commitment, and high standards set by every member of the Fusion5 team. That foundation is exactly why I'm here and excited to lead Fusion5 into its next era of growth.”
Nangia officially joined Fusion5 in late October. He is based in Sydney but will share his time between Fusion5’s offices in New Zealand and Australia.
About Fusion5
Fusion5 helps organisations improve performance by connecting people, processes, and technology. With expertise spanning business applications, cloud, infrastructure, and AI, Fusion5 brings together the platforms and partnerships that power better decisions, stronger operations, and lasting growth.
With a team of more than 950 innovators, Fusion5 works alongside its clients to turn strategy into measurable results – driving productivity, performance, and competitive advantage in a constantly evolving digital world.

More people identifying with Māori ethnicity – Māori population estimates: At 30 June 2025 – Stats NZ news story and information release


Education – Open letter from Howick and Pakuranga Principals’ Association

Source: NZ Principals Federation

Open Letter follows:
He tono kia rongo, kia kōrero tahi, kia whakatika – A call for listening, dialogue, and action
Tēnā koe Minister,
On behalf of the Howick and Pakuranga Principals’ Association (HPPA), representing primary school leaders across Tāmaki Makaurau’s eastern suburbs, we write to express our collective concern regarding the current scale, pace, and direction of education policy reform.
The ongoing change overload facing schools is unsustainable and places at risk both the quality of education for our ākonga and the wellbeing of tumuaki and kaiako.
HPPA fully endorses the recent statements and positions of the New Zealand Principals’ Federation (NZPF), our regional colleagues and other peak bodies regarding the key areas of reform currently before the sector.
Howick and Pakuranga principals are deeply concerned about the continued revisions to the English and Mathematics/Statistics curricula, this being the third significant change within two years. These repeated adjustments have led to confusion, workload pressure, and uncertainty for schools already stretched by competing demands.
We strongly urge that the timeframe for implementation be extended until at least Term 3, 2026, to provide schools with adequate time to engage with, unpack, and meaningfully embed these changes through high-quality professional learning and development.
Regarding the broader curriculum areas and the move toward a knowledge-rich curriculum, the current implementation timelines are unworkable. Success requires authentic, on-the-ground engagement with those who know what works best for ākonga, principals, teachers, and leadership teams. While we acknowledge the resources provided, the pace and sequencing of reform are unrealistic.
In alignment with NZPF, HPPA supports the following actions for principals:
● Refrain from engaging with the Ministry of Education on the 19 October curriculum changes to English and Mathematics/Statistics until sector concerns are addressed.
● Call for the implementation of the Mathematics and Statistics curriculum to be extended to Term 3, 2026.
● Continue any existing PLD commitments linked to the 2024 draft English, Mathematics, and Statistics curricula for Years 0-10.
HPPA is deeply concerned by the amendment to the Education and Training Act that has removed Te Tiriti o Waitangi responsibilities from school boards.
Our association and members are firmly committed to Te Tiriti. That commitment is reflected in our practice, policies, and community partnerships. Schools across the Howick and Pakuranga area have been intentional in embedding the principles of Te Tiriti o Waitangi in ways that strengthen relationships, inclusion, and outcomes for all learners.
Any move to weaken these responsibilities would be a significant step backward in our shared journey toward equity and partnership in education.
HPPA strongly opposes the proposed changes to the Teaching Council’s governance structure and role. Reducing elected representation or shifting professional regulation under direct Ministry control undermines the independence and credibility of our profession.
An independent, sector-led Teaching Council is essential to maintain trust, uphold professional standards, and ensure that decisions about teacher conduct, development, and registration remain in the hands of those who understand education best.
Minister, Howick and Pakuranga principals are not opposed to reform. Our concern lies with the pace, sequencing, and lack of authentic consultation that currently characterises education change. Sustainable, research-informed, and collaboratively developed reform is essential if it is to achieve lasting improvement for ākonga.

Defence News – NZDF and researchers confirm 85 Cook Islands soldiers eligible for Second World War service medals

Source: New Zealand Defence Force (NZDF)

The families of 85 Cook Islanders who served in the local military but missed out on their medals due to being discharged prior to the end of the Second World War, are now able to apply for these medals.

The Cook Islands Local Defence Force (CILDF) was formed in April 1941 to provide for the local defence of the islands. It was demobilised and reverted to a Territorial Force in 1943.

Most of the 85 individuals are eligible for the War Medal 1939-1945 and the New Zealand War Service Medal.  Individuals who served for 18 months or more are also eligible for the Defence Medal.  Those who enlisted after the Force reverted to a Territorial Force in 1943 are eligible for the New Zealand War Service Medal.

While more than half the CILDF personnel were issued with medals in the early 1950s, others did not receive their medals as they were deemed ineligible for being discharged from service prior to the end of the war, often for minor disciplinary infractions.

The New Zealand Defence Force (NZDF) started looking into the situation at the request of the team of voluntary researchers at the Cook Islands Online Cenotaph.

NZDF Heritage, Commemorations and Protocol Director John McLeod said that after comparing how the CILDF medals were issued with the process used for the Second New Zealand Expeditionary Force (2NZEF) servicemen, the NZDF supported issuing the medals to these veterans or their next of kin.

“In contrast, we are aware of several 2NZEF servicemen who were convicted of similar offenses or worse crimes.  These individuals were not discharged and still claimed their medals,” Mr McLeod said.

In modern times family members of New Zealand servicemen have also continued to receive medals regardless of offences that may have justified dismissal and forfeiture at the time.

“We are pleased that veterans or their families can now apply for their medals. This will help put right a situation that has persisted since the end of the War,” Mr McLeod said.

With the help of researchers Cate Walker and Bobby Nicholas, the NZDF has identified at least 85 members of the CILDF who are eligible for Second World War medals.

The NZDF is inviting any potentially surviving CILDF members who did not receive medals, or their family, to email their name to NZDF.PAM@nzdf.mil.nz to receive the application form.

Only one of each medal will be issued and family members are required to agree amongst themselves who will apply for and receive any unclaimed medals. Documentation will need to be provided, and a declaration form should be completed by the person who believes they have the best legal claim.