Source: PSA
Education – Minister Takes Education Off Track – Principals Fed
Source: NZ Principals Federation
Universities – Who benefits from housing intensification? – UoA
New research will explore who’s affected by New Zealand’s intensification boom, and the potential impact housing reforms are having on inequality.
University of Auckland researchers have received an $853,000 Marsden Fund grant to answer one of New Zealand’s biggest housing questions: who actually benefits from upzoning?
Associate Professor Ryan Greenaway-McGrevy and Distinguished Professor Peter Phillips are leading a team of researchers to investigate the social and economic effects of large-scale zoning reforms, including Auckland’s Unitary Plan. They are working to understand how upzoning (housing intensification) has affected communities and neighbourhoods, and whether it has widened or reduced inequality.
“Where we live and grow up matters for a variety of life outcomes,” says Greenaway-McGrevy, “so it’s important to think about how zoning reform can change the geography of opportunity.”
Auckland’s 2016 reform upzoned about three-quarters of its residential land, allowing medium- and high-density housing in areas previously limited to single-house zones. Earlier Marsden-funded research by Greenaway-McGrevy and co-authors found the move sparked a surge in housing construction and helped ease rental pressures.
But while the reforms succeeded in boosting supply, he’s now interested in uncovering the socio-economic effects.
“On the one hand, the potential for upzoning to exacerbate inequalities within cities raises real concerns. On the other, widespread reforms may also enable housing options in neighbourhoods that were previously inaccessible to many households,” says Greenaway-McGrevy.
“There remains an acute lack of evidence on the effects of widespread zoning reforms on spatial inequality because, until recently, such reforms have been rare. Yet investigating and understanding the outcomes is critical to evaluate the potential impacts of current policy proposals and to inform the ongoing design of zoning changes.”
Using evidence from New Zealand’s groundbreaking zoning reforms, the study will provide the first robust case studies on how large-scale upzoning affects neighbourhood composition, opportunity, and social mobility, offering insights for policymakers in NZ and abroad.
Health – Vaping threatens smokefree progress, Government must act now, health organisation warns
Source: Asthma and Respiratory Foundation
Legal Sector Appointments – David Campbell to be the next Law Society President
Source: Law Society
New Zealand Treasury – Interim Financial Statements of the Government of New Zealand for the three months ended 30 September 2025
Thursday, 6 November 2025 – The Interim Financial Statements of the Government of New Zealand for the three months ended 30 September 2025 were released by the Treasury today. The September results are reported against forecasts based on the Budget Economic and Fiscal Update 2025 (BEFU 2025), published on 22 May 2025, and the results for the same period for the previous year.
The key fiscal indicators for the three months ended 30 September 2025 were mixed compared to forecast. The Government’s main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit of $4.0 billion. This deficit was $0.5 billion larger than forecast. Whereas net core Crown debt was lower than forecast by $5.2 billion at $184.7 billion, or 42.3% of GDP.
Core Crown tax revenue, at $29.1 billion, was $0.5 billion (1.6%) lower than forecast. The largest variances related to other individuals’ tax and source deductions at $0.3 billion (12.1%) and $0.1 billion (1.0%) lower than forecast respectively.
Core Crown expenses, at $36.4 billion, were in line with forecast.
The OBEGALx was a deficit of $4.0 billion, $0.5 billion more than the forecast deficit. When including the revenue and expenses of ACC, the OBEGAL deficit was $4.1 billion, $0.2 billion higher than the forecast deficit.
The operating balance surplus of $0.8 billion was better than the forecast deficit of $2.4 billion. The variance in OBEGAL mentioned above was more than offset by valuation movements, particularly on financial instruments. Net gains on financial instruments were $4.9 billion stronger than forecast, driven by New Zealand Superannuation Fund (NZS Fund) and ACC’s investment portfolio reflecting favourable market conditions. However, this was partially offset by net losses on non-financial instruments of $1.5 billion, largely owing to the net actuarial loss on the ACC outstanding claims liability of $1.7 billion.
The core Crown residual cash deficit of $1.4 billion was $1.6 billion lower than forecast. While net operating cash outflows were $0.9 billion higher than forecast, net core Crown capital cash outflows were $2.6 billion lower than forecast. The net core Crown capital cashflows variance to forecast was largely driven by lower than forecast net purchase of investments.
Net core Crown debt at $184.7 billion (42.3% of GDP) was $5.2 billion lower than forecast. The variance was driven by the combination of the favourable variance in net core Crown debt at 30 June 2025 which resulted in a better starting position for the current year, along with the lower than forecast residual cash deficit during the year, as mentioned above.
Gross debt at $213.2 billion (48.9% of GDP) was $7.9 billion lower than forecast. Similarly with net core Crown debt, the majority of this variance comes from a more favourable starting position. The remaining variance predominately relates to lower than forecast issuances of Euro Commercial Paper.
Net worth at $190.0 billion (43.6% of GDP) was $9.4 billion favourable to forecast. In addition to the operating balance variance discussed above, the better net worth starting position from the 30 June 2025 year also contributed.
Unemployment rate at 5.3 percent in the September 2025 quarter – Labour market statistics: September 2025 quarter – Stats NZ news story and information release

