Dr Gordon Rajendram: Managing Phosphorus for Cleaner Waterways in New Zealand

Dr Gordon Rajendram, a leading New Zealand soil scientist, highlights that, as New Zealand transitions from spring into summer, responsible phosphorus management is more crucial than ever. Phosphorus is a key nutrient for plant growth, but improper use can lead to harmful nutrient run-off. With regular irrigation approaching and rainfall peaking in late spring, Dr Rajendram underscores the need for proactive steps to minimise phosphorus pollution in waterways, protecting ecosystems and supporting sustainable farming.

The Role of Phosphorus in Eutrophication

In New Zealand’s waterways, phosphorus from fertiliser run-off is a significant contributor to eutrophication—a process that accelerates algae growth and depletes oxygen in water, harming aquatic life. Research shows that when phosphorus levels are unchecked, algae thrive, leading to toxic conditions for fish and other organisms. In fact, around 76% of streams in New Zealand are phosphorus-limited, meaning they are particularly sensitive to excess phosphorus inputs (McDowell, Larned, & Houlbrooke, 2010). Dr Rajendram notes that farmers’ efforts to mitigate phosphorus run-off can make an immediate difference to water health, particularly in catchment areas where excess phosphorus has historically led to water quality issues.

Effective Phosphorus Management Practices

Farmers can mitigate phosphorus run-off by tailoring fertiliser application to soil needs and monitoring soil nutrient levels through regular testing. This approach prevents over-fertilisation, conserving resources and limiting nutrient loss into waterways. One effective solution is to use less water-soluble phosphorus fertilisers, which release nutrients more gradually, giving plants more time to absorb them and reducing the risk of run-off. Additionally, applying phosphorus in alignment with crop growth cycles, such as in early spring, maximises plant uptake, further minimising the potential for nutrient loss.

Dr Rajendram advises: “We all have a duty to balance productivity with environmental responsibility. By carefully managing phosphorus use and establishing buffer zones around waterways, we can protect the integrity of New Zealand’s rivers and lakes for future generations.”

Buffer zones—areas of vegetation between farmland and water—are highly effective in trapping nutrients before they reach water systems. Additionally, cover cropping helps stabilise soils, reducing erosion and supporting long-term soil health, which naturally limits phosphorus loss.

Towards a Sustainable Approach in Phosphorus Management

Dr Rajendram underscores that responsible phosphorus management is essential for New Zealand’s environmental future. By adopting practices that limit phosphorus discharge, farmers can play a vital role in reducing eutrophication risks. McDowell et al. (2016) suggest that both regulatory and voluntary approaches are crucial to sustaining good water quality across regions, offering a way forward that respects both productivity and the environment.

References

– McDowell, R. W., Larned, S. T., & Houlbrooke, D. J. (2010). Nitrogen and phosphorus in New Zealand streams and rivers: Control and impact of eutrophication and the influence of land management. *New Zealand Journal of Marine and Freshwater Research*, 44(4), 985-995. https://doi.org/10.1080/00288330909510055

– McDowell, R. W., Dils, R. M., Collins, A. L., Flahive, K. A., Sharpley, A. N., & Quinn, J. (2016). A review of the policies and implementation of practices to decrease water quality impairment by phosphorus in New Zealand, the UK, and the US. *Nutrient Cycling in Agroecosystems*, 104, 289-305. https://doi.org/10.1007/s10705-015-9727-0

For more information, please contact:

Contact Dr Gordon Rajendram

021 466077

rajendram@xtra.co.nz

www.gordonrajendramsoilscientist.co.nz

Contact Media PA

phillip@mediapa.co.nz

027 458 7724

www.mediapa.co.nz

Game-Changing AI Strategies to Boost Your Business in 2025

In this ever-evolving landscape of technology and business, AI engineers the strategy anew – creating beyond the conventional rapport. Organisations embracing the power of AI-based tools and methodologies tend to be several steps ahead in the competitive market by encouraging innovation, efficiency, and growth. Some of the five pivotal AI and business strategies likely to dominate in 2025 are outlined in this article.

Enhancing HR Processes with AI

AI is smoothing out the bottlenecks in human resource processes such as recruitment, training, and performance evaluation. Machine learning enables companies to automate resume screening, thus making recruitment quicker and fairer. Advanced AI-powered tools further analyse data to fit candidates into job roles that they are best suited for, thanks to their skills, which reduces employee turnover. Beyond hiring, AI tools track employee performance and recommend personalised learning paths to nurture continuous development. Automation of repetitive tasks frees up more time for HR professionals toward strategic initiatives focused on improving workplace culture and employee engagement. Consequently, AI in HR is very likely to boost efficiencies and improve the fit between employees and jobs.

AI in Customer Experience Optimisation

Customer experience remains top of the mind, and artificial intelligence takes it to new heights. AI can analyse customer interactions through machine learning algorithms and NLP in the delivery of personalised experiences across many touchpoints. Chatbots, for example, are increasingly capable of handling even more complex inquiries in real time, freeing human agents to focus on higher-value interactions. Predictive analytics takes CX to the next level by being able to forecast customers’ needs and proactively make suggestions regarding products or services. By applying AI to automate and personalise customer relationships, businesses can strengthen relationships and help improve customer satisfaction, loyalty, and retention.

Leveraging Advanced SEO Tools

Every business is in a race to win over its competitors and top the search results chart. AI-powered SEO tools have therefore become indispensable in their own right. They ensure accuracy in keyword analysis, optimisation of content, and competitor insights that give some companies an edge over others. This is the reason AI-powered SEO software supports marketers in understanding search intent and crafting personalised content that matches user expectations. The implementation of a marketing dashboard is a central piece of this strategy. Use a reliable dashboard to track relevant metrics, KPIs, and data in real-time for insights with which you can quickly make adjustments to stay competitive. This level of automation not only streamlines SEO efforts but also makes marketing decisions data-driven and agile.

Automating Decision-Making with Predictive Analytics

Predictive analytics has started making its mark in transforming decision-making by helping businesses predict market trends and align strategies appropriately. By examining historical trends, AI models identify patterns in data that can be used to predict what will happen in the future, delivering the insights a leader needs right to their desktop in real time. This becomes particularly helpful in finance and supply chain management, where the ability to respond quickly to changes in demand or market conditions may be critical. AI-powered analytics allow a business to project sales, optimise inventory, and price products by availing predictive insights that guarantee maximum profit with minimum risk. With this approach, companies are setting themselves up for better, more confident decision-making.

Strengthening Data Security and Compliance

Increased digital operations make data security a number one priority, while AI enhances cybersecurity protocols. Machine learning algorithms can trace potential threats in abnormalities and flag the security team, who can intervene before a breach happens. This may further be complemented by compliance because AI will undertake the task of monitoring the law across industries to ensure that companies comply with the law. This spans everything from using AI to find vulnerabilities in cybersecurity to streamlining compliance-related tasks. In fact, companies using such technologies can expect fewer breaches and better data governance by 2025, earning the trust of clients and stakeholders.

In conclusion, with 2025 approaching, businesses all over the world are increasingly reliant on AI-powered efficiency, decision-making, and growth. AI redesigns business strategies to turn them into proactive, data-driven, and responsive. The adoption of these five strategies will not only help in strengthening operational effectiveness but will also create a sound platform for businesses to be adaptable in a fast-moving and competitive market. The role of AI in businesses is pretty clear: those who move with the tide will thrive, while the ones showing hesitation will get left behind.

Contact Media PA

027 458 7724

phillip@mediapa.co.nz

www.mediapa.co.nz

Latest Insights on Insurance Protection from Tauranga Insurance Specialist Diana McIntyre

With 95% of New Zealanders insuring their cars, it’s surprising to learn that 4 in 5 are unprepared for sickness or disability. Many don’t realise how vital it is to ensure they’re protected against life’s unexpected events.

Diana McIntyre, an experienced insurance adviser, explains the importance of having a comprehensive insurance plan that covers immediate and long-term needs.

“Insurance isn’t just about preparing for the worst—it’s about providing yourself and your family with a safety net and the peace of mind that comes with it,” says Diana.

One powerful solution is level premium life insurance, which offers stable, predictable premiums. Policy premiums won’t increase as you age, making it a smart option for those seeking financial security over the long term.

“With level premiums, you might pay a bit more initially, but over time, the savings and predictability can be invaluable, especially as you enter later life when expenses often add up,” Diana notes.

Many policies set an end term at ages 70, 75, or 80, but the consistent premium structure provides certainty when needed most.

Should you pass away during the life policy term, your beneficiaries will receive a tax-free lump sum death benefit, ensuring their financial security.

Combining Rate for Age and Level Premiums

Diana suggests that blending rate for age and level premiums can be a practical way to balance cost and coverage. “Think of it like balancing fixed and variable-rate home loans,” she says.

“Combining these premium types gives flexibility—you pay less in the early years and adjust as your needs change.” This approach allows clients to decrease insurance costs over time as they build assets and need less coverage.

The Role of Trauma Insurance

Trauma cover can be a financial lifesaver, especially for those diagnosed with severe medical conditions. “Trauma insurance provides critical support when you’re most vulnerable,” Diana shares.

Recent data from AIA shows that trauma claims reached $117.1 million in 2023, with cancer making up 61% of claims. “The statistics show how crucial trauma coverage is,” she adds, “particularly for conditions like breast cancer, which is one of the most common cancer claims.”

Diana recounts the story of a solo mother in her late 30s who faced an unexpected breast cancer diagnosis. With two young children and no family support, the trauma cover she had set up became her financial lifeline, allowing her to focus on recovery without the stress of financial strain.

“She was able to meet her living costs and medical expenses, giving her much-needed peace of mind during a tough time,” Diana says.

Life Insurance: A Safety Net in Times of Crisis

Life insurance is another essential protection that Diana recommends, especially for families. “The reality of needing life insurance hits hard when loved ones are left without the financial support they rely on,” she explains.

Diana recalls a family whose father passed away in his early 40s. Thanks to life insurance, his partner could buy out his share of the family home, ensuring stability for his children and avoiding the need to sell their house.

“Having the right protection in place gives families not just financial stability, but emotional peace of mind,” Diana highlights. “This is what truly matters in moments of crisis: health, family, and healing.”

Get in Touch Today

Call Diana today to secure your family’s future and ensure financial protection. “Insurance can be complex, but that’s why I’m here—to guide you through the process and find a solution that aligns with your needs and long-term goals.”

Contact Diana McIntyre  

Phone: 021 888 090

Email: diana@rapson.co.nz

Website: https://rapson.co.nz/

Contact Phillip Quay

Phone: 027 458 7724

Email: phillip@mediapa.co.nz

Website: www.mediapa.co.nz

Celebrate Christmas in Auckland with Best Western Newmarket: 7 Reasons to Book Your Stay Now

If you’re planning to visit the city over Christmas, Best Western Newmarket is the ideal base for your holiday getaway. Located in the heart of Newmarket, Auckland’s premier shopping and dining district, the hotel offers easy access to the best attractions in the area. Here are 7 reasons to book your stay with us this Christmas:

1. Convenient Location 

Best Western Newmarket offers a prime location, just minutes away from the bustling Westfield Newmarket. Whether you’re shopping for the perfect Christmas gift or enjoying the festive decorations, this shopping centre has it all. From luxury brands to high street favourites, Westfield Newmarket is a must-visit during your Christmas stay.

2. Festive Shopping and Dining 

Newmarket is known for its wide range of dining options, from gourmet restaurants to trendy cafes. After a busy day of shopping, enjoy a meal at one of the many eateries nearby. With an abundance of local and international flavours, there’s something to satisfy everyone’s taste.

3. Close to Iconic Auckland Attractions 

From the Auckland War Memorial Museum to the Auckland Domain, the city’s parks and gardens are wonderful places to explore. Take a short trip to the Sky Tower for stunning views of the city, or enjoy a stroll through Viaduct Harbour.

4. Christmas Events in Auckland 

Experience the magic of Christmas in Auckland with its array of festive events. From Christmas markets to carol services, there’s something for everyone to enjoy. The city comes alive with lights, celebrations, and the joyous spirit of the season.

5. Perfect for Family Getaways 

Looking for a family-friendly destination this Christmas? Best Western Newmarket is ideal for families, with spacious rooms and easy access to family-oriented activities. Take your children to Auckland Zoo, the Auckland Art Gallery, or visit the nearby Rainbow’s End theme park.

6. Relax and Unwind 

With excellent amenities and a welcoming atmosphere, you’ll feel right at home during your stay. Our hotel offers a relaxing escape with all the comforts you need for a memorable Christmas break.

7. Ideal for Group and End-of-Year Staff Get-Togethers 

Best Western Newmarket is the perfect venue for groups and corporate staff functions this Christmas. Whether you’re planning a festive gathering with friends, family, or colleagues, the hotel’s central location and proximity to key Auckland attractions make it an excellent choice.

Book your Christmas stay at Best Western Newmarket today and enjoy all that Auckland has to offer this holiday season. From shopping and dining to local attractions and festive events, there’s no better way to experience Christmas in the City of Sails.

Contact Best Western Newmarket

info@abf.net.nz

0508 899 699

https://www.bestwesternnewmarket.co.nz

Contact Media PA

027 458 7724

phillip@mediapa.co.nz

www.mediapa.co.nz

NZ Business Connect Races to The Cook in Hamilton for 2024 Melbourne Cup Event

NZBC proudly welcomed members to a lively viewing event for the 2024 Melbourne Cup on Tuesday, November 5th. The occasion was set against the vibrant atmosphere of The Cook Hamilton East, where the team graciously provided a perfect upstairs function area, an assortment of nibbles, and a complimentary drink to get the celebrations underway. We owe the success of this event to our incredible major sponsors Ivan Bellairs from Planet Recycle and Media PA, whose generous support made it all possible. We extend our immense gratitude to each of you for your unwavering generosity.

The excitement of the day went beyond the races, with members arriving in true Melbourne Cup fashion, dressed to celebrate the spirit of the event. Recognition for the most stylish individuals added an extra layer of glamour – Barnz Terekia was awarded Best Dressed Male, taking home a restaurant voucher from The Cook, while Janeen Walker earned the title of Best Dressed Woman, rewarded with a luxurious spa treatment courtesy of Robyn from Vital Balance. Shristi Prakash dazzled with the Best Hat, securing a stunning floral arrangement by Gail from Gail’s Floral Studio.  

Adding to the day’s thrill were a variety of spot prizes such as The Lawrenson Group vouchers, generously donated by MediaPA, which kept the atmosphere buzzing with excitement. The sweepstake saw members cheering for their chosen horses, with Geoffrey Andrew claiming victory with Knight’s Choice, Matthew Chappell securing second place with Warp Speed, and Adam Brady rounding out the top three with Okita Soushi. Congratulations to all our winners!

Interviews with members throughout the evening exemplified how our members are impacting the community and gave insight into what makes Melbourne Cup Day such a celebrated event in the NZBC community. The Melbourne Cup, often dubbed “the race that stops a nation,” has a rich history dating back to 1861, and it continues to captivate audiences worldwide with its tradition and prestige.

This unforgettable evening, a blend of elegant fashion, thrilling races, and community spirit, highlighted the essence of what makes the Melbourne Cup—and NZBC—so special. We look forward to hosting the next memorable event with our members!

Contact NZ Business Connect

027 458 7724

phillip@nzbusinessconnect.co.nz

www.nzbusinessconnect.co.nz

Why Champion Travel is Your Trusted Partner for Secure, Tailored Travel Experiences

What makes Champion Travel stand out from other agencies?
With 49 years of industry experience, Maxwell Burns at Champion Travel offers a level of expertise, reliability, and personalised service that is second to none. As an IATA-accredited travel professional, Maxwell has the knowledge and credentials to ensure clients receive the best possible travel experience,

What makes Champion Travel stand out from other agencies?
With 49 years of industry experience, Maxwell Burns at Champion Travel offers a level of expertise, reliability, and personalised service that is second to none. As an IATA-accredited travel professional, Maxwell has the knowledge and credentials to ensure clients receive the best possible travel experience, whether for leisure or business.

How does Maxwell Burns ensure security for his clients?
Maxwell understands the importance of security in travel. He personally manages all bookings and works directly with trusted travel providers, ensuring every aspect of the journey is secure. Additionally, he holds a financial bond with a local bank, providing clients with added peace of mind in the unlikely event of any issues.

Can Champion Travel access exclusive deals and discounts?
Absolutely. Maxwell’s deep knowledge of the travel industry allows him to find the best specials and offers. Working directly with travel companies, he secures the best value for his clients, whether it’s discounted rates or special deals, ensuring clients get the most out of their travel budget.

Does Champion Travel offer price matching?
Yes. Maxwell offers a price-match guarantee, ensuring clients receive the best possible rates without compromising on service. His commitment to finding the best deals, along with his expert knowledge, makes his service second to none.

What kind of support can clients expect from Maxwell Burns?
Maxwell provides 24/7, year-round support, ensuring that clients can always reach him when needed. Whether it’s a last-minute change or urgent assistance, Maxwell’s support is always available, providing clients with peace of mind.

How does Maxwell Burns cater to business travellers?

As a business travel specialist, Maxwell uses systems like Travel Port to manage complex itineraries. He stays on top of environmental and situational factors that may affect travel, saving clients time and ensuring availability and flexibility.

Why should clients choose Champion Travel?
Champion Travel, led by Maxwell Burns, offers personalised service that is second to none. With his IATA accreditation, focus on security, competitive pricing, and expert knowledge, Maxwell ensures every journey is handled with care, professionalism, and attention to detail. Book your dream holiday today and discover exclusive seasonal deals. Whether you’re organising a hassle-free holiday escape or a business trip, Maxwell is ready to assist in creating the perfect Christmas travel experience and ensuring your plans go off without a hitch.

“With 49 years of experience and IATA accreditation, I’m here for my clients in any crisis, providing personalised service and support whenever it’s needed.” – Maxwell Burns, Champion Travel.

Contact Maxwell Burns at Champion Travel

021 022 02220

info@championtravel.co.nz

Contact Phillip Quay:

Email: Phillip@mediapa.co.nz

Mobile: 027 458 7724

Website: www.mediapa.co.nz

The Cardrona Quad Bikes & Off-road Buggy Tours – A Unique Christmas Work Function for Local Businesses

This holiday season, local businesses seeking an unforgettable Christmas work function need look no further than The Cardrona Quad Bikes & Off-road Buggy Tours. Located in the stunning Cardrona Valley, this experience offers the perfect mix of adventure, team bonding, and celebration, making it an ideal end-of-year treat for staff. Why settle for a typical function when you can take your team on an exhilarating off-road journey, complete with breathtaking views and the thrill of mountain exploration?

The Cardrona Quad Bikes & Off-road Buggy Tours are designed to accommodate groups of up to 20 people, making it perfect for corporate gatherings. Team members can choose between self-driving their own quad bike or riding as passengers in sturdy off-road buggies, driven by The Cardrona’s expert guides. This flexibility allows everyone to feel comfortable while still enjoying the excitement of the 4×4 experience. Led by skilled guides familiar with the region, the tour explores some of Cardrona Valley’s most picturesque trails, creating an adventure that’s both thrilling and safe for all involved.

After the day’s excitement, the Christmas festivities continue nearby, allowing businesses to keep the entire experience local. Just steps away, the renowned Cardrona Distillery offers a sophisticated setting to unwind with locally crafted spirits, perfect for a year-end toast. Alternatively, a short drive up the road, the historic Cardrona Hotel welcomes groups with its cosy, festive atmosphere and delicious meals, ideal for a celebratory meal and drinks to mark the end of 2024.

Kel, the owner of The Cardrona Horse Treks and 4×4 ATVs, shared her thoughts: “We love welcoming local businesses to the valley. A Christmas function here gives teams a chance to experience something special together. There’s nothing quite like seeing everyone’s faces light up as they explore the trails—it’s a real bonding experience.”

Booking a Christmas function with The Cardrona Quad Bikes & Off-road Buggy Tours offers local businesses a chance to create a memorable experience that their teams will cherish. It’s a unique way to reward employees, foster team spirit, and celebrate the season. By choosing this local adventure, businesses not only enjoy an exceptional event but also support the vibrant attractions and hospitality of the Cardrona Valley. Secure your booking today for an unforgettable Christmas celebration!

Contact The Cardrona

+64 3 443 1228

info@thecardrona.co.nz

Contact Phillip Quay
phillip@mediapa.co.nz
0274 587 724
www.mediapa.co.nz

Celebrate the Festive Season with Bethells Beach Cottages’ Christmas Dinner

As the holiday season approaches, there’s no better time to gather with friends, family, or colleagues to celebrate the joy of the season. Bethells Beach Cottages offers the perfect setting for an unforgettable Christmas dinner on 7th December, starting at 5 pm. Enjoy stunning coastal views, a warm and festive atmosphere, and a delectable menu crafted by an expert chef.

This year’s Christmas dinner at Bethells Beach Cottages invites you to relax and let the magic of the holiday unfold. Their “trust the chef” menu is a culinary journey filled with seasonal flavours and creative dishes that are sure to delight every guest. Using the freshest, locally sourced ingredients, the chef has carefully crafted a festive feast that combines classic holiday favourites with unique and inventive twists.

Guests are encouraged to embrace the holiday spirit with Christmas-themed attire – whether it’s a simple festive accessory or a full seasonal outfit. Bring along your sense of fun and creativity to make the evening even more memorable!

Bethells Beach Cottages offers cosy group seating for up to 8 guests, making it an ideal choice for an end-of-year work function, a festive reunion with friends, or a memorable family get-together. With the intimate, coastal setting and personalised touches, it’s the perfect spot to connect and celebrate the season in style.

The Christmas dinner will be held at Bethells Beach Cottages, located at 267 Bethells Road, Bethells Beach, Auckland. Tickets are priced at $165 per person, with advance booking essential. Bookings can be made directly via the website bethellsbeach.com or by contacting us at 09 810 9581. Celebrate the season with Bethells Beach Cottages – an evening of exceptional food, great company, and memories waiting to be made.

The Christmas season has a special way of bringing people together. There’s something magical about seeing friends, families, and colleagues reconnecting, sharing stories, and making new memories. At Bethells, we love being a part of those moments.” — Trude Bethell

Book Now

Contact Bethells Beach Cottages

+64 9 810 9581

info@bethellsbeach.com

www.bethellsbeach.com

Contact Phillip Quay

Media PA

phillip@mediapa.co.nz

027 458 7724

www.mediapa.co.nz

Remax Real Estate CEO New Zealand and Fiji Don Ha Launches Book Published By Forbes

“I think a successful life is one in which you make a difference. Why are we here? I would say it’s not only for us to live a happy and successful life, an honourable life but also for us to change the lives of the people around us. To leave the people we encounter better somehow for having met us.”

Left: Don Ha Right: NZ Business Connect CEO Phillip Quay

This is an opening quote in one of the chapters of the recently launched book of Auckland-based global real estate leader Don Ha whose life story is a fascinating and classic rags-to-riches odyssey.

Don Ha only knows hard work and this is encapsulated in his book as he imparts much of his secrets around mindset and actions for finding success in both career and life.

The book published by Forbes tells the awe-inspiring journey of a real estate titan who rose from humble beginnings to a billion-dollar empire.

Don Ha, a true authority in real estate sales and investment, emerged from war-torn Vietnam, traversed refugee camps in Hong Kong, and finally made a home—and a name—for himself in New Zealand, overcoming cultural and language barriers each step of the way. His ascent from adversity to prominence in New Zealand’s real estate realm is a saga of unwavering determination.

Don’s story isn’t solely about his achievements; it’s a testament to fostering a culture of triumph. In The Art of Exponential Success, he imparts his core values that underpin his accomplishments through his journey from refugee to CEO. Values like respect, loyalty, trust, and hard work, backed by discipline and empathy, have been Don’s guiding lights.

Delve into the pages of his transformative book to discover the blueprint for exponential success. Through chronicling his life, Don articulates the essence of his company’s culture while offering insights into transcending barriers and embracing opportunities. The Art of Exponential Success serves as a beacon illuminating the path to realizing one’s loftiest dreams—both personally and professionally.

Witness Don Ha’s metamorphosis from a refugee to a real estate magnate. Gain invaluable wisdom on not just conquering the real estate domain, but also on nurturing a mindset that fosters boundless success. The Art of Exponential Success isn’t just a good story; it’s a guide to transforming your life into a canvas of remarkable accomplishments.

I have personally known Don Ha for more than 20 years and when reading the book it often felt like he was in the room beside me as he practices what he preaches. I know for a fact that the messages he gives in his principles for life and the principles of real estate sales and investing are exactly what he adheres to in practice.

Respect is something that is vitally important to Don Ha.

He says: “Respect is something that is as essential to my life as breathing. I insist on it in my company from the receptionist to my franchise owners to our individual brokers. If you are not respectful, you will not be comfortable working for me.”

Reviewed by Phillip Quay, an award-winning journalist, Media PA and NZ Business Connect CEO.

Contact Media PA

027 458 7724

phillip@mediapa.co.nz

www.mediapa.co.nz

November Market Conditions: Insights from Hamilton Loan Market Mortgage Broker Michael Ross

As we step into November, the New Zealand property market is seeing a whirlwind of change. NZ Business Connect member and mortgage broker expert Michael Ross outlines the latest updates, exploring the shifting dynamics that are influencing everything from home loan rates to first home buyer activity. Let’s dive into the key trends you need to know about.

RBNZ’s Rate Cuts Means Cheaper Loans but Be Cautious

The Reserve Bank of New Zealand (RBNZ) has slashed the official cash rate (OCR) by 0.75 percentage points in recent months, with further cuts potentially on the horizon. This has created ripples across the lending landscape, particularly in the home loans market.

As Michael Ross points out, “Banks have been quick to reduce mortgage rates, and more cuts may follow, but it’s crucial to keep a realistic outlook.”

Squirrel’s Head of Mortgages, John Bolton, echoed this sentiment, warning borrowers not to compare current rates to the historically low levels seen during the COVID-19 pandemic. “Those were highly unusual times,” Bolton stressed.

Even as rates drop, borrowers should consider the RBNZ’s indication that a ‘neutral’ OCR sits around 3%, signalling that rates will eventually settle higher than those ultra-low levels. Rates around 5%, or even yet with a 4 in front, is a good deal.

Lower interest rates are also increasing consumers’ borrowing capacity, making it easier for people to service larger mortgages. As a result, more buyers may enter the market, potentially putting upward pressure on property prices.

“This is a double-edged sword,” Ross notes. “While lower rates make borrowing more accessible, they also drive demand, which could push prices higher.”

The improved affordability may encourage greater property activity in the coming months, but prospective buyers should plan carefully.

Ross emphasises the importance of financial discipline, “Understand how your borrowing capacity has changed and consider the long-term implications, especially if interest rates fluctuate in the future.”

Falling interest rates have sparked a wave of refinancing, with homeowners eager to take advantage of better deals. Ross points out that major movements in rates often lead to shake-ups in the mortgage market.

“Some lenders have made larger cuts than others, making it an ideal time to review your current home loan,” he says.

Working with a mortgage broker can be crucial in these situations. “As a mortgage broker, I can help you compare options and decide if refinancing is right for you,” Ross advises. “I can provide tailored advice, potentially saving you significant money over the life of your loan.”

First Home Buyers at Record-High Market Share

One bright spot in the property landscape is the strength of the first home buyer (FHB) market. CoreLogic Chief Property Economist Kelvin Davidson highlighted this, stating, “The percentage share of property purchases by FHBs has reached record levels, now sitting at 27%.”

Factors driving this trend include the accessibility of KiwiSaver funds and a strategic willingness to compromise on property types and locations.

Davidson adds, “FHBs are also benefitting from low-deposit lending allowances at the banks, with a notable 80% of these allowances being directed towards them in August.” For aspiring homeowners, the message is clear, make the most of these conditions while they last.

Home Ownership and Healthier Housing Trends

The 2023 Census data revealed a modest uptick in home ownership rates, rising to 66% from 64.5% in 2018. While still below the peak of 73.8% in 1991, this increase marks a positive shift.

Additionally, housing quality is improving, with declines in dampness and mould prevalence across most regions. “Improving housing quality is crucial,” says Michael Ross, “because better living conditions directly impact health and well-being.”

A Buyer’s Market with Flatlining Prices

Entering the warmer months, buyers are finding themselves in a favourable position. Property listings have surged, reaching the highest September total since 2014, while the national median asking price has remained steady for 20 months.

Vanessa Williams of realestate.co.nz observes, “Buyers have plenty of options right now, and with price predictability, both sides of the market are seeing benefits.”

Ross encourages those considering a purchase to act strategically, “This window of opportunity won’t stay open forever. The stability we’re experiencing now offers buyers a chance to enter the market with confidence.”

In summary, the landscape is evolving, and there are opportunities to be seized. Whether you’re looking to refinance, invest, or buy your first home, these trends highlight the importance of staying informed and consulting with industry experts.

As Michael Ross puts it, “Understanding the shifting market conditions can give you the edge needed to make informed property decisions.”

Book an appointment with Michael Ross, your local mortgage broker expert, and discuss how you can take advantage of the current market for your situation today!

Contact Michael Ross

Phone: 027 633 3782

Email: michael.ross@loanmarket.co.nz

Website: adviser.loanmarket.co.nz/michael-ross/about-us/our-team/

Contact Phillip Quay

Phone: 027 458 7724

Email: phillip@mediapa.co.nz

Website: mediapa.co.nz