Foreign Affairs – New report highlights untapped potential in New Zealand-Viet Nam relationship
Source: Asia New Zealand Foundation
Legislation – Another Step Forward for Build to Rent: Government Passes Key Investment Bill – Property Council
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.
Fire Safety – Outdoor fires prohibited in Manawatū-Whanganui coastal areas
Source: Fire and Emergency New Zealand
Federated Farmers Statement: Members’ Bill puts woke banks on notice
Source: Federated Farmers
Universities – With a little help from their friends: school challenges – 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.
DFI Retail Group to Announce 2024 Full Year Financial Results and Host Analyst Presentation Live Webcast
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
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.
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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
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
ACT welcomes further debate on banking wokery
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.”
Biosecurity New Zealand investigating and boosting trapping after new Auckland fruit fly find
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