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Legislation – Another Step Forward for Build to Rent: Government Passes Key Investment Bill – Property Council

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Source: Property Council New Zealand

KEY POINTS:

  • Property Council New Zealand strongly supports the passing of the Overseas Investment (Build to Rent and Similar Rental Developments) Amendment Bill, which facilitates increased foreign investment in the Build to Rent (BTR) housing sector. 
  • The Amendment Bill introduces a ‘large rental development test’ to attract much-needed overseas capital and signal that New Zealand is open for BTR investment.
  • BTR has seen slow but steady growth since the asset class was formally recognised in 2023, and the Bill is expected to accelerate development.
  • Research from Property Council New Zealand indicates that, with supportive legislation, developers could deliver 25,000 BTR homes in the next decade.
  • Property Council and partners Bayleys, Colliers, Savills, CBRE, and JLL track BTR sector growth across Aotearoa, with 1,841 completed units, 736 under construction, and 2,961 in the pipeline across 56 developments as of 31 December 2024. More details: www.buildtorentnz.co.nz.

Property Council New Zealand welcomes the passing of the Overseas Investment (Build to Rent and Similar Rental Developments) Amendment Bill, a critical step toward increasing the supply of long-term, quality rental housing across New Zealand.

The Bill introduces a ‘large rental development test’ to attract much-needed overseas investment, ensuring Build to Rent (BTR) projects can be financed at scale. Property Council Chief Executive Leonie Freeman says the move is a game-changer for the sector, unlocking opportunities to deliver more secure, high-quality rental options for New Zealanders.

“This legislation is a strong signal that New Zealand is open for Build to Rent investment. For years, we have seen the sector struggle to gain momentum due to regulatory uncertainty and barriers to international capital. Today’s decision changes that,” says Freeman.

BTR, a purpose-built rental housing model offering professionally managed, long-term rental options, has been growing steadily in New Zealand since its formal recognition in 2023. However, to scale effectively, developers need access to investment that matches the long-term nature of these assets.

“With supportive policy settings, our research shows that developers could deliver 25,000 Build to Rent homes within the next decade. That’s a significant contribution to increasing housing supply and providing renters with greater choice and stability,” Freeman says.

Property Council also acknowledges the cross-party support for the Bill, with all but two minor parties voting in favour. Freeman says this bipartisan approach is essential for creating certainty for investors and developers.

“We thank Ministers and MPs for their collaborative approach in recognising Build to Rent as a vital part of New Zealand’s housing mix. This kind of certainty is exactly what investors need to commit to large-scale rental developments,” says Freeman.

While the passage of the Bill is a positive step, Property Council believes further refinements could enhance the sector’s growth. Freeman urges the government to consider introducing depreciation for BTR fit-outs, clarifying GST rules around service levels and amenities, and ensuring the Residential Tenancies Act is appropriately applied to BTR tenancies.

“We look forward to continuing our work with government to fine-tune the policy settings that will enable Build to Rent to reach its full potential,” Freeman says.

For more information on BTR sector growth, visit www.buildtorentnz.co.nz.

About Property Council New Zealand

Property Council is the leading advocate for Aotearoa New Zealand’s largest industry – property.

Property Council New Zealand is the one organisation that collectively champions property. We bring together members from all corners of the property ecosystem to advocate for reduced red tape that enables development, encourages investment, and supports our communities to thrive.

Property is New Zealand’s largest industry, making up 15% of economic activity. As a sector, we employ 10% of New Zealand’s workforce and contribute over $50.2 billion to GDP.

A not-for-profit organisation, the Property Council connects over 10,000 property professionals, championing the interests of over 550 member companies.

Our membership is broad and includes some of the largest commercial and residential property owners and developers in New Zealand. The property industry comes together at our local, national and online events, which offer professional development, exceptional networking and access to industry-leading research.

Our members shape the cities and spaces where New Zealanders live, work, play and shop.

www.propertynz.co.nz

MIL OSI

Fire Safety – Outdoor fires prohibited in Manawatū-Whanganui coastal areas

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Source: Fire and Emergency New Zealand

Fire and Emergency New Zealand has declared a prohibited fire season in Manawatū-Whanganui’s coastal areas from 8am on Friday 21 February, until further notice.
A prohibited fire season means no open-air fires are allowed and all fire permits are suspended.
The coastal zone includes Whanganui city and eight coastal communities.
Manawatū-Whanganui District Manager Nigel Dravitzki says the lack of rain, warm temperatures, and drying winds are set to continue, so outdoor fires are being prohibited as a safety precaution.
“There might be some isolated rain, but the overall fire risk remains very high at the moment,” he says.
“In these conditions, we often see fires from controlled burns escaping, and these can move fast and are hard to put out when it’s so dry.
“We want to keep people, property and the environment safe while the fire risk is high.”
Nigel Dravitzki is also asking people in Manawatū-Whanganui to take care with any heat- or spark-generating activities, such as using machinery or power tools, or parking vehicles on dry grass, especially on hot, windy days.
“If you’re thinking about lighting a fire, go to checkitsalright.nz, which tells you what the restrictions are for your location, and provides safety guidance to stay safe,” he says.

MIL OSI

Federated Farmers Statement: Members’ Bill puts woke banks on notice

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Source: Federated Farmers

Federated Farmers say Andy Foster’s Members’ Bill, drawn from the ballot earlier this afternoon, will stop lenders from unfairly de-banking legitimate businesses and industries.
“Banks have been under huge pressure recently for some of their more unpalatable lending practices,” Federated Farmers banking spokesperson Richard McIntyre says.
“This Bill is only going to add to that scrutiny and will shine a white-hot light on big banks that have been forcing their ideological views down the throats of everyday New Zealanders.”
Federated Farmers have been vocal critics of the banking sector in recent years and were instrumental in securing the select committee inquiry currently underway.
They have also played a significant role in exposing discrepancies between the different targets big Australian banks are setting for Kiwi farmers compared to their Australian clients.
Late last year the organisation blew the whistle on the Bank of New Zealand’s outrageous decision to effectively de-bank legitimate businesses like petrol stations from 2030.
“Federated Farmers support this Bill and will be encouraging all Government parties to throw their support in behind it,” McIntyre says.
“Lending decisions should be based on financial drivers, not ideological or political considerations.
“Legitimate New Zealand businesses, like farms and petrol stations, should not be unfairly targeted by banks because of the industry we operate in.
“It’s important we can continue to access banking services and the capital we need to keep growing our businesses, creating jobs, and contributing to the economy.
“Provided we’re following the laws set by our democratically elected Government, we should be able to go about our business without our bank becoming the moral police.”

MIL OSI

Universities – With a little help from their friends: school challenges – UoA

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Source: University of Auckland (UoA)

School friendships and social connections are vital to positive student experiences so need to be actively fostered, according to findings from the Our Voices project at the University of Auckland.

Peer friendships and caring social connections with teachers and other school community members are central to students’ experiences of school, according to two recently published reports from the Our Voices project at Waipapa Taumata Rau University of Auckland.
 
The reports analysed responses to a range of general wellbeing questions from 1,000 13-year-olds in theGrowing Up in New Zealand (GUiNZ) longitudinal study.
 
One of the reports’ authors, Dr Emma Marks, a research fellow in Social and Community Health, says the latest research shows how important it is for schools and other groups to create a range of opportunities for social connection, both in and out of school.
 
“Respondents felt that increasing school engagement should focus not only on learning and achievement, but also on offering students’ good experiences to make school more attractive; for example, teachers who care about a young person in their entirety, not just as a learner, and extracurricular activities that help them ‘find their people’,” she says.
 
Young people mostly felt a sense of belonging with friends and whānau through talking, having fun together and positive emotional engagement. However, they believed strengthening those things takes time and opportunity, says Marks.
 
“They need to be given a range of opportunities to develop meaningful social connections, particularly during school transitions, like moving from intermediate to high school, when they can get separated from friends.”
 
She says a sense of belonging can be created in different contexts and groups, including between peers, family, sports teams and cultural groups, and on social media, although that comes with pitfalls.
 
“The ease of communicating on social media provides opportunities for friendships and connections beyond the school environment but also comes with risks our respondents were well aware of; in particular cyberbullying.”
 
However, she says it is clear social media is an important part of many young people’s social lives, and that they use it to feel connected to “friends, family, others, everyone, and the world.”
 
Marks says bullying remains a significant concern, especially for anyone who is seen as ‘different’ or not ‘fitting in’, but friendships can create a ballast.

“Having friends is important across all life stages, but particularly during adolescence, when young people are more likely to spend time with peers in and out of school than with their family.”
 
The reports note that challenges for young people, both in school and out, vary in type and who’s most affected, depending on things like home environment, learning abilities, individual differences and peer pressure.
 
“So having a better understanding of these particular challenges can help target support to those who need it most,” says Marks.
 
Respondents viewed friends as being similar to themselves, with shared qualities and interests, and as worthy of being cherished and valued, the reports note.
 
“However, the data clearly shows not all young people have friends, and some feel like they don’t belong anywhere,” says Marks.
 
She says young people have good ideas about how to make school a more inclusive place, but recognise they need support from school staff and leadership to make this happen.
 
“Some of their ideas included more effective antibullying programmes, more teacher intervention and clearer disciplinary action.”
 
“Other suggestions included greater efforts to support students’ mental health, smaller classes, and removing ability groupings (that put students in the same year in different groups for subjects like Maths and English, depending on perceived ability).
 
The Our Voices project aims to understand what young people in Aotearoa need to thrive to inform policies and services focused on supporting their wellbeing.
 
A further two reports will focus on the influence of teachers and how young people seek help to solve problems.
 
The project was funded by the Ministry for Business, Innovation and Employment and involves a multidisciplinary team of national and international experts.

Visit the Our Voices website for the full reports: https://ourvoices.auckland.ac.nz/
 
‘School Experiences: Overcoming Challenges’ by Dawson-Bruce, R., Rudd, G., Peterson, E. R., Marks, E., Walker, C., & Meissel, K. (2025).
‘Social Connections: In-person and online’ by Fan, J., Ogden S. E., Rudd, G., Marks E., Peterson, E. R., Walker, C. G. & Meissel, K. (2025).
 
Tō Mātou Rerenga – Our Journey app and Growing Up in New Zealand
 
Data was collected within Tō Mātou Rerenga – Our Journey, an app co-designed by University of Auckland researchers alongside young people from the Growing Up in New Zealand longitudinal study (GUiNZ).
 
GUiNZ recruited over 6,000 New Zealand children born between 2009 and 2010, with the aim of creating an in-depth summary of what life is like for them and what factors affect their happiness, health and development.

MIL OSI

DFI Retail Group to Announce 2024 Full Year Financial Results and Host Analyst Presentation Live Webcast

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Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 20 February 2025 – DFI Retail Group Holdings Limited will announce its 2024 Full Year Results after market close on 10 March 2025, followed by an analyst presentation live webcast on 11 March 2025.

Date: Tuesday, 11 March 2024

Time: 10:00-11:00 am (Hong Kong Time)

Presented by: Mr. Scott Price, Group Chief Executive and

Mr. Tom van der Lee, Group Chief Financial Officer

Kindly RSVP by completing the form on or before Tuesday, 4 March 2025.

To avoid delays, we encourage participants to log in ten minutes ahead of the scheduled start time. A replay of the presentation will be available via webcast on DFI Retail Group’s website.

Should you have any queries please email us at DFIComms@DFIretailgroup.com.

https://www.dfiretailgroup.com/

Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #ColdStorage #Giant #IKEA #yuu

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Discover the Gold Trading Guide from JustMarkets

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Source: Media Outreach

JAKARTA, INDONESIA – Media OutReach Newswire – 19 February 2025 – Gold has always been one of the most popular assets for traders around the world, valued for its stability and market resilience. Events in the last few years have once again highlighted the importance of this precious metal as an effective means of protecting assets and a highly profitable trading instrument. Trading gold offers unique opportunities, and JustMarkets have created an exclusive gold trading guide to help everyone trade this metal as effectively as possible.

JustMarkets exclusive Gold Guide

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Perfect for traders

A gold trading guide is designed to meet the needs of both beginners and experienced traders. It covers all the main aspects of XAUUSD examples of trading and analysis, from understanding gold price movements to implementing strategic entries and exits and reacting to news and economic events. JustMarkets aims to provide opportunities for all traders, regardless of their experience, goals, deposit size, and trading strategy.
JustMarkets, also offers access to other financial markets and a wide selection of over 260 trading instruments. Such a wide selection allows to diversify portfolio beyond the commodities and gold markets. With JustMarkets, everyone can trade forex pairs, commodities, cryptocurrencies, indices, and stocks with some of the lowest spreads in the market

How to get the guide

To get this exclusive guide, simply subscribe to one of our social media channels and DM us with the word “Guide”. Follow JustMarkets to receive market updates, tips, and educational content tailored to every region.

JustMarkets social media list:

Take this chance to expand understanding of gold trading, explore key insights, and enhance market knowledge with JustMarkets. Subscribe today to access the guide and learn more about gold trading strategies.

https://www.linkedin.com/company/justmarketsofficial/
https://x.com/JustMarkets_
https://www.facebook.com/JustMarketsComOfficial
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Hashtag: #JustMarkets #GoldenGuide #TradeGold #BestBroker

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Further arrest following Wainuiomata assault

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Source: New Zealand Police (National News)

Attributable to Detective Senior Sergeant Martin Todd, Hutt Valley CIB:

Police have today arrested and charged a 19-year-old man following an assault in Wainuiomata on Wednesday 5 February.

The man faces a charge of wounding with intent to cause grievous bodily harm and is due to appear in the Hutt Valley District Court on Friday 21 February.

Today’s arrest follows the arrest of a 23-year-old man on 6 February.

The victim was discharged from hospital after five nights and is recovering at home.

We would like to thank the community for the information they have provided us to date.

The investigation continues to progress, including ongoing efforts to locate the weapon allegedly used in the assault.

Residents in the vicinity of Woolworths Wainuiomata are asked to check their properties for any items similar to a knife that could assist our investigation.

We would still like to hear from anyone with CCTV or dashcam footage of the incident.

You can provide information to Police by calling 105 and quoting file number 250205/0193.

Information can also be shared anonymously through Crime Stoppers on 0800 555 111.

ENDS

Issued by Police Media Centre

MIL OSI

ACT welcomes further debate on banking wokery

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Source: ACT Party

In response to the draw of the Financial Markets (Conduct of Institutions) Amendment (Duty to Provide) Amendment Bill from Parliament’s ballot:

“When I first raised the problem of climate ideology in banking, it was an issue only grumbled about across the farm fence. Now it’s a mainstream concern, challenged in New Zealand’s highest chambers of power,” says ACT Rural Communities spokesperson Mark Cameron, who is also leading a select committee inquiry into rural banking practices.

“The ACT team will be looking at the detail of this bill before forming a position.

“In the meantime, ACT will continue to make the case for tackling woke banking practices at the cause. That includes the Net Zero Banking Alliance, which major banks in the United States, Canada, and Australia are rightly fleeing. We’ve also challenged the stupid climate commitments placed on banks by the Financial Markets Authority.”

MIL OSI

Biosecurity New Zealand investigating and boosting trapping after new Auckland fruit fly find

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Source: Ministry for Primary Industries

A biosecurity operation is under way and extra field teams are today in the suburb of Birkdale, on Auckland’s North Shore, after the discovery of a single male Oriental fruit fly in a surveillance trap in a suburban backyard, says Biosecurity New Zealand Commissioner North Mike Inglis. 

“This is the same species of fruit fly that we responded to in Papatoetoe recently, but it is too early to say whether the two finds are linked. Our lab will do further DNA analysis of the fly over the coming days.”

With this latest detection, Biosecurity New Zealand is moving quickly to look for any others and eradicate them. 

“We will be ramping up trapping and inspection, with daily checks in a 200-metre zone from the original find and checks every three days in a second zone out to 1500m,” Mr Inglis says.

“The capture of a single male does not mean we have an outbreak. However, while we do our checks for any other fruit flies, we need community help to prevent any possible spread.

“As a precautionary measure, we’ll be putting legal restrictions in place on the movement of fruit and vegetables out of the area where the fruit fly was found.

“Instructions about these controls and the exact area affected will be issued tomorrow (Friday) once we have completed an initial investigation.  In the meantime, we ask that people who live and work in the suburb not take any whole fresh fruit and vegetables out of your property.”

Mr Inglis says biosecurity staff will be out tomorrow providing people with information.

“You may notice increased activity in the neighbourhood as we go about inspections and trapping. Our field officers may ask to look at fruit trees on your property. They will always show you a form of official

identification and will only enter your property with your permission.”

In addition to the field work, Biosecurity New Zealand is working closely with international trading partners and Government Industry Agreement (GIA) partners in the horticultural industry to minimise the risk to New Zealand growers and exporters.

“There have been 13 incursions of different fruit fly in Auckland and Northland since 1996 and all have been successfully eradicated thanks to the work of Biosecurity New Zealand, our horticulture partners, and local communities who have stepped up to help.

“Back in 2019, we responded to the detection of fruit flies in three separate suburbs over a period of several months, so this is not unusual. We traced and tracked in all three suburbs and continued until we were confident we had eliminated the pest.”

Mr Inglis says the latest find demonstrates the benefit and effectiveness of MPI’s lure-based fruit fly surveillance trapping network and the biosecurity system. 

“Our trapping network involves nearly 8000 traps set nationwide, and these are checked regularly.  

“By setting traps for these pest insects, we are able to find them early, know exactly where the problem is, and respond quickly and effectively.”

The fruit fly poses no human health risk, but there would be an economic cost to the horticulture industry if it were allowed to establish here. 

Mr Inglis says Biosecurity New Zealand has among the strictest controls in the world for the importation of fruit and checks at the border. The most likely way that fruit flies can arrive in New Zealand is on fresh fruit and vegetables.

Biosecurity New Zealand will provide a further update to media tomorrow afternoon.

To report suspected finds of fruit fly, call MPI’s Pest and Diseases Hotline on 0800 80 99 66.

Background

The Oriental fruit fly is native to Asia but has now spread to many warmer countries, especially as the climate warms. Adult flies lay eggs into fruit. The young stages (maggots) feed inside the fruit, causing it to rot and become unmarketable.

The Oriental fruit fly maggots can feed on 300 different fruit and vegetables. The fly’s favourite hosts are apple, guava, mango, peach, and pear.

How to identify the fly

Adult flies:

  • are a little larger than a housefly (6mm to 8mm long)
  • have a dark “T” shaped marking on the abdomen (the part behind the waist)
  • usually have a bright yellow and orange abdomen (but can vary)
  • have clear wings.

The female fly has a pointed “sting” to lay eggs inside fruit (but she can’t sting or bite people). The male fruit fly is a similar size but is reddish-brown.

If you think you’ve found the fruit fly

For media queries, call 029 894 0328 or email media@mpi.govt.nz

For further information on the oriental fruit fly detection

MIL OSI

Venue access: how we manage our bookable community spaces

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Source: Auckland Council

Auckland Council’s Director of Community Rachel Kelleher responds to concerns about the council’s approach to venue hire of our community meeting halls and shared spaces.

It is with huge gratitude that I acknowledge the messages of support our staff and the council has received over the past few days, regarding our response to the awful disruption of a family-friendly Pride event at Te Atatū Peninsula Library last weekend.

It has been uplifting to see the voices of leaders throughout New Zealand also extend their support to our brave library staff and affected communities, along with the widespread public condemnation of this harmful activity.

We are also grateful for police support, to ensure that all remaining Pride events at our venues continue to be uplifting occasions to celebrate Auckland’s rainbow communities.

We are actively monitoring any health, safety or security risks at future events.

Venue hire

We have been asked questions about the use of our community venues and whether the council should apply tighter restrictions on bookings – particularly from groups like Destiny Church with strong views that not everyone shares.  

So, I’d like to take this opportunity to talk about how Auckland Council provides access to our collection of more than 100 bookable community venues across the region on the principle that they are available for anyone to hire. We are obliged to ensure everyone throughout Auckland has fair and equal access to connect and enjoy using these spaces.

This doesn’t mean that we endorse the content of an event, or the views of participants, but rather that we must manage our venues in a neutral and non-discriminatory manner.

It is not always easy to maintain that careful balance between providing a public service (venues for hire) and expressing our council values, including ensuring our people feel supported on our position on diversity and inclusion.

This sometimes leads to tension, and pressure to do more in support of one community or group, over another.

Here’s the thing.  We remain one hundred per cent committed to protecting and growing Tāmaki Makaurau’s culture of inclusivity and belonging. That’s the foundation we build our practical policies and guidelines on, and what helps us make decisions or remain focussed when dealing with difficult situations.

When differences arise between the views of the various groups using our community venues, and there is potential for conflict or any risk to public safety, we work closely with the police and security experts to determine if activities should go ahead.

An example of this occurred in 2023, when the council terminated venue bookings at the Mount Eden War Memorial Hall in response to safety concerns from two groups with strong opposing views planning to gather on the same night.

Consistent with our obligations as a public authority, we will continue to operate our venues on the principle that they are available to all Aucklanders, but will not hesitate to address or terminate bookings if terms are breached or safety compromised.

With respect to the events at the events at the at Te Atatū Peninsula Library last Saturday, council is supporting the police with their investigations and has not ruled out taking further action against those individuals involved.  

Venue hire requirements:

  • All venue hire bookings agree to comply with council’s venue hire terms and conditions. These set out the circumstances in which the council may terminate a booking and include situations where the event might breach the law or the conditions themselves or where the management or control of the event is deficient.
  • It is always the responsibility of venue hire users to ensure their events are managed safely, and to meet the terms and conditions of our venue hire policy.
  • Where we have concerns that an event may raise health and safety or security concerns we work with the organisers andrelevant agencies to ensure that these concerns are addressed ahead of the event. 
  • Our community venues are operated on the principle they are available for anyone to hire. If a booking is accepted, it doesn’t mean that we endorse the content of the event, but rather that we are obliged to manage our venues in a non-discriminatory manner.

MIL OSI