Lending Crowd Relaunches for Borrowers as Government Pushes for More Competition

Source: NZ news tips

23rd October 2025 – Lending Crowd Limited (“Lending Crowd”) has reopened its platform to borrowers, positioning itself as part of the new wave of competition and innovation the Government is calling for in New Zealand’s financial services sector.
The licensed peer-to-peer lender, regulated by the Financial Markets Authority, is once again offering secured and unsecured loans from $2,000 to $200,000. At this stage, all loans are being funded solely by majority shareholder Finance Direct Limited (“FDL”), a licensed non-bank deposit taker and participant in the newly introduced Depositor Compensation Scheme (DCS).
Investor participation will be reintroduced in a staged reopening. When that happens, Finance Direct will continue to invest in loans alongside external investors, ensuring the parent company shares both the risk and the reward – a level of alignment designed to give investors greater confidence.
The relaunch arrives at a time of significant regulatory and market change. The Government’s introduction of the DCS, together with the forthcoming open banking framework under the Customer & Product Data Act, reflects a commitment to broaden competition and empower challengers to the big four banks.
“The Government has made it clear it wants non-bank lenders to step up, innovate, and compete. With Lending Crowd and Finance Direct working together, we are primed to do exactly that,” said MD Wayne Croad. “Right now, we’re back serving borrowers with a slick, technology-driven platform. And when investors return, they’ll be participating directly in loans – with Finance Direct investing alongside them.”
Borrowers already recognise the value of the model, with five-star Google Reviews consistently praising Lending Crowd’s speed, transparency, and lack of bank-style bureaucracy. The platform has been built for a digital future, we wish to take advantage of open banking systems as they roll out in New Zealand.
By reopening to borrowers now, Lending Crowd provides households and SMEs with immediate access to alternative finance options, while preparing to bring investors back into a marketplace underpinned by regulation, technology, and parent-company backing.
About Lending Crowd Limited
Lending Crowd Limited is a licensed peer-to-peer lending platform regulated by the Financial Markets Authority. It connects borrowers with finance through a digital-first platform designed for speed, transparency, and user experience. Lending Crowd is majority-owned by Finance Direct Limited, a licensed non-bank deposit taker and participant in the Depositor Compensation Scheme, with more than 25 years in financial services.

Northland Regional Council news – 23 October 2025

Source: Northland Regional Council

KEEN TO TACKLE PEST PLANTS AND ANIMALS?
Northlanders keen to join the fight to tackle pest plants and animals can learn how at the Kerikeri Rotary Garden Safari next weekend.
Northland Regional Council's biosecurity experts will be at Garden 1, Mara Tui, 1188 State Highway 10 on Saturday 01 to Sunday 02 November, sharing their tips on how to identify and control weeds.
Information will also be available about Tiakina Kerikeri, a newly formed project by council that aims to equip locals with the tools, knowledge and support to protect native biodiversity in Kerikeri.
To find out more about the garden safari, visit www.gardensafari.co.nz

Workers First Union statement on Auckland bus crash

Source: Workers First Union

Workers First Union can confirm that a bus driver and union member has died following last night’s crash between a bus and a car on Tāmaki Drive in Parnell, Auckland.
“We want to send our heartfelt condolences to the driver’s family and ask for privacy and sensitivity while the facts are being gathered about the circumstances leading to this devastating accident,” said Dennis Maga, Workers First Union General Secretary.
The union is in contact with bus operator Kinetic and will provide further details when possible. The driver has not yet been named.
“It’s a tragedy when any person dies in their place of work, and even more so when they are providing a public service to their community as Auckland’s bus drivers do every day. Their work keeps our city moving, and this loss will be felt widely among drivers,” said Mr Maga.
“We want to offer our support to the driver’s family and colleagues, and will work cooperatively with authorities to understand how this accident happened and what the next steps will be.”
Workers First will not be making further comment until more information is available.

First Responders – Fire and Emergency New Zealand fire and weather update – 1pm

Source: Fire and Emergency New Zealand

Weather callouts
Between 7.40am and 1pm on Thursday, Fire and Emergency responded to 264 weather-related callouts.
The calls were predominantly for roofs lifting and trees down. There were also callouts for fences down, sheds blown away, a loose satellite dish on a roof and loose trampolines.
There were 109 other 111 calls that did not require a response from Fire and Emergency crews and were passed on to the relevant authority.
Wellington and Canterbury saw the most callouts in the early morning before Southland was hit hardest at lunchtime, with 139 callouts in that District between 11.55am and 1pm (108 of those were in Invercargill).
District breakdown:
  • Southland: 139
  • Otago: 1
  • West Coast: 4
  • Canterbury (not including Hanmer Springs): 32
  • Hanmer Springs: 12
  • Marlborough: 2
  • Wellington: 64
  • Wairarapa: 8
  • Bay of Plenty: 1
  • Waikato: 1
Hanmer Springs fire
Fire and Emergency New Zealand crews are responding to a large vegetation fire approximately 4.5km southeast of Hanmer Springs.
Crews from Hanmer Springs are currently trying to access the fire, although roads are blocked by downed trees.
There are two helicopters operating at this incident.
No properties are currently threatened by fire, but a small number of properties have been evacuated as a precaution.
State Highway 7A is closed at Medway Road.
Kaikoura fires
Crews are working on multiple sectors to continue extinguishing hotspots alongside specialist arborist crews to bring down dangerous trees.
Helicopters have remained on standby to assist the 15 ground crews on site.
All roads continue to be open under traffic management with delays in place but motorists should be prepared for closures if the winds become hazardous.
Residents in the Kaikoura Flats area should continue to stay vigilant and ring 111 should they see any smoke or flames. Canterbury District is still in a Prohibited Fire Season.
Hawke’s Bay fires
The Saleyard fire size has been revised down this morning after aerial mapping to 139 hectares, with a small amount of fire spread overnight.
The fire is approximately 30% contained, with seven crews working hard to get it as contained as possible before the afternoon winds.
The Bush Road and Schaeffer Road fires are contained.
At Schaeffer Road there are dive crews working on deep-seated hotspots. They will continue to do so for the next day or two.
At Bush Road, there are no crews currently on site, but the fire will be monitored for any flare ups over the coming days
Crews from as far away as Taranaki, Te Awamutu and Taupo are in attendance across the fires, in addition to those from Wellington and Manawatu.
Fire risk advice/warning
We are really concerned about the fire risk on the east coast of both islands as high winds combine with warm temperatures and low humidity.
We are asking every landowner, agricultural contractor, forestry manager and lifestyle block owner to help us avoid any more fires starting, and please check any old burn piles to ensure they are fully extinguished.
A ban on all open-air fires and fireworks came into force in Marlborough, Canterbury and South Canterbury, the Wellington District and all of the Hawke’s Bay District at midday.
All fires in open air are prohibited while the prohibition on fire in open air is in force. Fire and Emergency has not authorised any fire types that can be lit during this prohibition.
This is because of the extreme fire risk caused by the next wave of the severe gales forecast.
Go to checkitsalright.nz to find out about bans in place in your area.
In these conditions, it will be very difficult for us to control any fires that get out of control. We are asking people to be extra careful. 

Real Estate – Affordable central Queenstown apartments on the market

Source: Scope Communications

Stage 2 of Te Pā Tāhuna – a highly anticipated development of affordable apartments in central Queenstown – will be available for sale to the public next week.

Located on the site of the former Wakatipu High School on Gorge Road, Te Pā Tāhuna is a Ngāi Tahu Property development consisting of high-quality, affordable, and centrally located apartments. The first apartment building at Te Pā Tāhuna – Takiwai – was completed in 2022, while this second stage comprises three, three-storey walk-up apartments, currently under construction. The first building, Pūtakitaki, will consist of 18 apartments which will be available to purchase from Tuesday, 28 October 2025. Six of these are already under contract.

Ngāi Tahu Property general manager, Blair Forgie, says the organisation is excited to be delivering what Queenstown needs: a community-focused, central residential project.

“Te Pā Tāhuna responds directly to Queenstown’s housing challenges by providing well-built, appropriately priced homes for people who live and work in the region,” he says. “It’s a development that adds long-term value to the town. It’s not a development for short-term holiday rentals or Airbnb; this is an inclusive residence where whānau can build a home, and a community.

“The layout, amenities, and cultural narrative of Te Pā Tāhuna all blend together to create a place where people can put down roots and feel connected to Queenstown.”

Kāi Tahu ki Tuawhenua representative Paulette Tamati-Elliffe says that mana whenua gifted the name Te Pā Tāhuna to the development.

“The name Te Pā Tāhuna draws on Māori traditions of ahi kā and celebrates our long connection as mana whenua within the area of Tāhuna/Queenstown,” Paulette says.

“It’s a place where the home fires always burn on the shores of Lake Whakatipu Waimāori.”

Located in the heart of Queenstown, Te Pā Tāhuna is within a 10-minute walk to the lakefront, shops, restaurants, cafes and attractions of Queenstown’s CBD. Pūtakitaki comprises 18 two-bedroom, one-bathroom apartments of approximately 70 sqm, as well as a private balcony or patio, and a titled onsite carpark, for each apartment. Prices start from $780,000.

Construction of Pūtakitaki is being undertaken by the award-winning team at Mike Greer Commercial, a company that has a proven track record in producing outstanding apartment projects across New Zealand. The expected completion date is March 2027.

Ray White Queenstown sales agent Cameron Reed says the apartment complex is unlike anything in central Queenstown.

“These beautiful, generously sized apartments are being built to a very high standard, yet they have been designed to cater to first-home buyers, young whānau and local investors,” he says. “They represent excellent value for money.

“The top-floor units of Pūtakitaki will offer wonderful views towards Lake Whakatipu and, with its location next to Warren Park and proximity to the CBD, it has a significant advantage over other apartment complexes in the region.”

Ray White Queenstown is the sole agent for the development.

Stage 2 includes two further buildings that are also under construction, and these will be released in early 2026.

About Ngāi Tahu Property  
Ngāi Tahu Property is a leading New Zealand property development and investment company owned by Te Waipounamu (South Island) iwi, Ngāi Tahu. It owns and controls assets valued at more than $770.3 million, and the respected and trusted property development company is one of the investment pillars of Ngāi Tahu Holdings. Its mission is to create wealth for Ngāi Tahu whānau (families).
www.ngaitahuproperty.co.nz

Northland News – $187M govt investment in Northland road corridor welcomed

Source: Northland Regional Council

The central government is to invest $187 million into parts of the Northland road corridor – including work on an alternative to the Brynderwyn Hills – has been welcomed by the Northland Regional Council (NRC).
Transport Minister Chris Bishop announced recently (subs: Mon 20 October) the New Zealand Transport Agency Waka Kotahi (NZTA) board had endorsed the work as part of the next steps in Central Government’s Roads of National Significance (RoNS) programme.
Council Chief Executive Officer Jonathan Gibbard says the Northland funding will allow for work to progress design, consenting, and route protection for the Te Hana to Port Marsden Highway (‘Route 2’) and Port Marsden Highway to Whangārei (‘Route 3’).” Crucially, the funding will also include priority given for an alternative to the Brynderwyn Hills (‘Route 2b’).
Mr Gibbard says during the recently-ended previous term of council, the Northland Regional Transport Committee (RTC) – chaired by regional councillor Joe Carr and including members of all four Northland councils – had been a strong advocate and supporter of work to progress the corridor, including confirmation of the alternative to the present SH1 Brynderwyns Hill alignment.
The region’s new councillors have yet to be formally sworn in and a new transport committee has yet to be appointed for the current term of council. However, Mr Gibbard today welcomed Monday’s announcement on behalf of the NRC.
“This infrastructure will play a critical role in the future prosperity and resilience of the north.”
“Work along this corridor will support Northland’s economic growth and productivity, provide a safer and more resilient roading network and reduce congestion.”
Minister Bishop says the investment case shows strong benefits with travel times reduced by up to 38 mins between Te Hana and Whangarei, deaths and serious injuries reduced by 66 per cent, travel time delay reduced by 64 per cent, and resilience risk reduced by 82 per cent on average.
Mr Gibbard says the investment case recommends moving to route protection in a staged approach for the full corridor between Te Hana and Whangārei and endorses the preferred route.
“Focusing on the Alternative to the Brynderwyn Hills will also provide a long-term solution and enhance the overall efficiency of the corridor.”
Mr Gibbard says NZTA had advised its next steps would be to begin individual conversations with affected landowners.
The agency says due to the length of the preferred route, it will take time to arrange individual meetings with landowners.
The NZTA says this will be staged, beginning with those in the Alternative to the Brynderwyn Hills section and affected landowners could expect to hear from NZTA in the coming weeks with more detail on next steps.
The agency aims to lodge consents and designations for the Alternative to the Brynderwyn Hills by mid-2026 and the designation for the remainder of the corridor is expected to be lodged by late-2026.
Meanwhile, as part of Monday’s announcement Minister Bishop says Procurement on Warkworth to Te Hana is also progressing, with a preferred bidder expected to be confirmed in early 2026.
He says subject to successful contract negotiations, the contract is expected to be awarded in mid-2026. Detailed design and early construction works are expected to start in late 2026.

Aviation Appointments – CAA announces new Board Deputy Chair

Source: Civil Aviation Authority (CAA)

The Civil Aviation Authority (CAA) Board Chair, Mark Darrow, has welcomed the appointment of Mike Schubert as Deputy Chair of the CAA Board.

Mr Schubert joined the Board earlier this month and brings significant governance and commercial expertise to the role.

“Mike has deep financial and organisational experience and will be a great support for me and for CAA as we continue our modernisation journey,” said Mr Darrow.

“Mike’s leadership background and broad sector experience will strengthen the Board’s oversight and strategic capability at an important time for CAA.”

Mr Schubert is a highly experienced Director and Chair, with a background spanning professional services, health, primary industries and technology sectors. A qualified accountant and former PwC partner, he was previously Chief Executive of law firm Minter Ellison Rudd Watts and now serves on several boards across the banking, insurance and health care sectors.

The Deputy Chair position became vacant following Darin Cusack’s appointment as Chair of Airways New Zealand. Mr Cusack will remain on the CAA Board but has stepped down as Deputy Chair to mitigate any potential role conflict.

“With his extensive aviation experience, Darin continues to make a major contribution to CAA’s work,” said Mr Darrow.

“I congratulate him on his Airways New Zealand appointment and look forward to his continued involvement on the CAA Board.”

Mr Darrow said the refreshed Board and Executive Leadership Team bring “great energy and focus” to the organisation.

“The CAA is making strong progress in how we facilitate aviation safety and security. With a capable Board and Leadership Team, we’re well positioned to keep lifting performance and supporting safety outcomes for the sector.”

Mike Schubert will take up the Deputy Chair role immediately.

Advocacy – Palestine Forum of New Zealand Condemns Israel’s Move to Annex the Occupied West Bank

Source: Palestine Forum of New Zealand

The Palestine Forum of New Zealand strongly condemns the decision by Israel’s parliament (the Knesset) to advance a bill that would formally annex the occupied West Bank. This move flagrantly violates international law and the rights of the Palestinian people.

The bill narrowly passed its first reading by a vote of 25 to 24. It is the first of four votes required for it to become law, signalling an alarming shift toward the full legalisation of Israel’s de facto annexation policies that have been expanding through illegal settlements for decades.

“Annexing the West Bank would amount to the formal erasure of any possibility for Palestinian sovereignty and self-determination,” said Maher Nazzal, spokesperson for the Palestine Forum of New Zealand. “It is an act of aggression that undermines international law, the United Nations Charter, and all efforts toward a just and lasting peace.”

The Forum calls on the New Zealand Government, Prime Minister Christopher Luxon, and the international community to:

  • Unequivocally condemn this move toward annexation;

  • Support international accountability measures, including sanctions for violations of international law; and

  • Reaffirm their commitment to the rights of the Palestinian people, including the right to self-determination and statehood.

“This is not a distant issue,” Maher Nazzal added. “New Zealand has a responsibility to uphold international law and human rights. Silence or inaction in the face of annexation only emboldens illegal occupation and further undermines prospects for peace.”

The annexation of the occupied Palestinian territory would further entrench apartheid and deepen the humanitarian crisis across the region. The international community must not remain silent.

Property Market – Looser LVRs may not boost steady property market in the short term – Cotality

Source: Cotality

New Zealand’s property market continues to stabilise, with sales volumes trending upwards, property values relatively flat, and first home buyers maintaining strong shares of activity in September, according to Cotality’s October Housing Chart Pack.

After a small dip in August, sale volumes rose again in September, almost 4% higher than the same period last year. This marks the 27th rise in the past 29 months since the downturn of 2022-early 2023.

New listings have also started to rise with the spring season, but stock levels remain around 12% lower than this time last year.

Despite rising sales activity, property values remain subdued overall across the country, even falling a touch further in Auckland and Wellington over the past month.

Cotality Chief Property Economist Kelvin Davidson said while we’re not seeing a broad-based upswing in values, the market appears to be stabilising with conditions still tilted in favour of buyers.

“For now, property buyers are enjoying conditions. In particular, first home buyers are showing strong momentum with around 28% of activity in September, setting a new monthly record.”

“And with the LVR rules set to loosen from 1 December, there may be further opportunity for them to take advantage.”

“But it’s also worth noting that they’re already strong, even though the overall share of owner-occupier lending being done at low deposit remains well below the current, lower speed limits. In other words, even the current LVRs aren’t really binding.”

Mr Davidson noted, however, that the picture is different for investors as they face tighter restraints around low-deposit lending.

“For investors, it’s currently much more difficult to secure low deposit finance.”
“Even so, other credit restraints are still in place, such as the debt-to-income ratio limits and banks’ own internal serviceability tests. Hence, although they’re already on the comeback trail, a fresh surge in investor activity off the back of looser LVRs seems unlikely.”

“All in all, the property market is largely tracking sideways for now – neither booming nor falling sharply.”

“With affordability improving slightly, listings lower than last year, more existing borrowers repricing loans down to market interest rates, and the unemployment rate set to drop next year, 2026 may look stronger for both property sales volumes and values,” he concluded.

Highlights from the October 2025 Housing Chart Pack include:

New Zealand’s residential real estate market is worth a combined $1.65 trillion.
The Cotality Home Value Index shows property values across New Zealand edged up +0.1% in September. Over the three months to September, however, there was a -0.7% dip in median property values across NZ.

The total sales count over the 12 months to September is 88,731.

Total listings on the market were 27,565 in early October. The total number of properties listed on the market remains elevated, although it’s down from last year as sales activity outweighs new listings.

The pace of rental growth remains subdued, with net migration having fallen a long way from its peak, and the stock of available rental listings on the market still elevated.

Gross rental yields now stand at 3.8%, which is the highest level since mid-2016.

Inflation is back in the 1–3% target range. The Reserve Bank monetary policy easing cycle isn’t over as it aims to support the economy and avoid undershooting the target.

Buyer Classification data shows first home buyers reached a record 28% of purchases in September nationally, while mortgaged multiple property owners are making a solid comeback with nearly 25% market share, the highest since early 2021.

The Chart of the Month shows, in wider Wellington, first home buyers made up 36% of purchases over the September quarter, the highest among the main centres and above the national figure.  

Oversight agencies call for urgent and continued focus on safety of children in State care following increase in number of children harmed

Source: Aroturuki Tamariki | Independent Children’s Monitor Chief Executive Arran Jones and Children’s Commissioner Dr Claire Achmad

The reduction in recorded instances of harm in secure residences announced today has been welcomed by Aroturuki Tamariki | Independent Children’s Monitor Chief Executive Arran Jones and Children’s Commissioner Dr Claire Achmad. However, it must be acknowledged that the number of children and young people in residences who were harmed (115) is largely the same as the previous year (118).

Overall, the number of children in State care being abused or neglected has increased and this is unacceptable say Mr Jones and Dr Achmad.

The Safety of Children in Care data released in the Oranga Tamariki annual report today, shows an increase in abuse and neglect of children in State care. In the 12 months to 31 March 2025, 530 children in care experienced harm – an increase of 23 children on 2023/24. At the same time, the number of children in care – across care and protection and youth justice – decreased from 4,314 to 4,189.

“It’s unacceptable to see that in the past year, there’s been an overall increase in the number of children harmed in the care of the State. This requires urgent, ongoing attention from Oranga Tamariki,” says Children’s Commissioner Dr Claire Achmad.

“We want to see the numbers of children in State care keep continuing to reduce, but when mokopuna are in the care of the State, they must be safe. Children and young people in care themselves tell me how important this is, and how it impacts on their lives in all sorts of ways when they’re not safe in care. It’s almost a year since the Government’s National Apology to survivors of historic abuse in care. The Prime Minister said the abuse that was experienced was heartbreaking, wrong and that it should never have happened. He also said that we must do all we can to prevent abuse happening in the future. I want to see continued urgent focus to prevent all children from experiencing harm.

“All children and young people, including those in the care of the State, have the right to live free from all forms of harm and violence.  We must pay attention to the fact that 10 percent of all children in State care were abused or neglected over the last 12 months. While the reduction in physical harm, and in some types of care, is encouraging and shows that making progress is possible, there continues to be a disproportionate level of abuse occurring in return home care and in secure residences,” says Dr Achmad.

The highest levels of harm occurred in return home care and secure residences. Return home care is when children and young people are returned to the care of their parent while in Oranga Tamariki custody. In the last 12 months, 13 percent of children and young people in return home care were harmed – the highest rate of harm in this care type since this reporting began in 2019.  In secure residences, 23 percent of children and young people in residences were harmed.

“Successive Oranga Tamariki reports have found that children and young people in return home care are at higher risk of harm than those in other types of care. Returning children and young people home to their parents should be the result of a change in circumstances and that it is now safe. We know this is not always the case and this data shows things are getting worse, not better,” says Mr Jones.

“Our 2023 Returning Home from Care report identified shortfalls in planning for a return home and in the frequency of visits by social workers. It is good to see that from March 2025 Oranga Tamariki is focusing on visiting children and young people who have returned home more frequently. This is a matter of safety. If children and young people are to return home, it is critical that they and their families have support wrapped around them and the issues that gave rise to children going into care in the first place are addressed,” Mr Jones said

Despite the reported level of repeated harm for children and young people in residences decreasing, much more work is needed to make care and protection and youth justice residences safe spaces. Children and young people in residences continue to suffer harm at high rates – and this is consistent with what Aroturuki Tamariki and the Children’s Commissioner frequently hear through their work.

“Many of the residences we visit are not safe therapeutic places for children and young people. Young people tell us they ask to go into secure units to keep themselves safe from harm by other young people. We hear from staff who tell us they don’t have the training, time or spaces to take a more therapeutic approach to managing behaviour,” Mr Jones said.

Both Dr Achmad and Mr Jones say that the evidence is clear as to what works to prevent harm and keep children and young people safe in care. They say that having an effectively trained and supported child and youth-focused workforce, adequate support for families and caregivers of children and young people, and ensuring children and young people have the support they need to meet their needs, must remain the focus for Oranga Tamariki.

The response by Oranga Tamariki to allegations and findings of abuse and neglect of children in care will be covered in more detail in the Aroturuki Tamariki 2024/25 Experiences of Care in Aotearoa report – to be published in February 2026.

Notes

The oversight of oranga tamariki system’s role focuses on the rights and wellbeing of children and young people known to Oranga Tamariki either through care and protection or youth justice.

The Independent Children’s Monitor checks that organisations supporting and working with children and young people known to Oranga Tamariki are meeting their needs, delivering services effectively, improving outcomes and complying with the Oranga Tamariki Act and the associated regulations.

The Children’s Commissioner is the independent advocate for the rights, best interests, wellbeing and outcomes of children and young people under the age of 25 who are or have been in the system, as well as being the independent advocate for all of New Zealand’s children.