Kerre Woodham: Time is running out for businesses that run on gas

The gangs, as we know, create wholesale damage and destruction in our society through their drug trafficking. Now it looks like they're causing wholesale damage to Labour. After roundly criticising members of the Greens and Te Pati Māori for visiting a mongrel mob gang pad and posing for photos, putting it on your social media, Labour leader Chris Hipkins ruled out his coalition partners holding the justice or police portfolios in any government he was in charge of. He was talking tough. Now it transpires one of his own MPs was campaigning with gang members, with a video circulating of Kerrin Leoni in a Labour jacket handing out Labour Party flyers to mobsters. Te Pati Māori's Orinii Kaipara, who appeared with Leoni in a Whakata Māori debate this week, threw the Tamaki Makaurau opponent under the bus during the debate by saying Leoni had recently been campaigning with gang members too. She did it too, miss. It wasn't just me. Kaipara said Leoni had since deleted a social media post about it after the kaka hit the fan over her posing with gang members. Leoni during the debate said, I have never been to a gang pad campaigning. I've got whanau who are gang members. I've never been campaigning at a gang pad. And then sought to clarify the situation in a Facebook post last night. "To be clear, I have not attended a gang pad at all during this campaign. I said at the debate, I have close whanau who are gang members. In early October, I attended a whanau function where some of those present were whanau gang members." If you've seen the video, it's a funny old whanau function. I mean, who am I to say how other people should hold their barbecues? But Leoni is clearly campaigning for Labour at the function. If she hadn't posted the video to social media, I'd say perhaps her case is different. You can't pick your relatives. For many families, you can have one brother who's a detective and another who's a senior gang member, and they all have to be able to still function as a family. I'd have sympathy if someone had taken a video or photo of Leoni in a T-shirt, shorts and jandals, having a BBQ with her brother at a whanau function. But she's in a Labour Party jacket, handing out Labour Party flyers, telling people to vote Labour and then posting it to social media. Apparently it's since been deleted. What kind of family function is that? It doesn't sound like a real thigh slapper to me. Not a guitar insight. Can it really be a family function if there's no singing and dancing around the BBQ? You're in your Labour Party jacket. You're handing out the flyers, you're saying vote Labour to get rid of this government. Is that a family function or is that campaigning just like a Orinii Kaipara and Hūhana Lyndon were doing? Sounds like campaigning to me. Yeah, nah. I'm sorry. I mean, Chris Hipkinson can talk tough, and I do have sympathy when you've got people who, I mean, you can't pick your relatives as my poor cousins know. I remember saying to a departed aunt, at a whanau function. She had very poor eyesight. I said, "it's me, Kerre." And she said, "yes, I know exactly who you are." In clipped tones. I said that little catch up with my aunt. She's never been a big fan and that's okay. You can't pick your relatives, but to say you're not campaigning, it sounded, come on, Kerrin Leoni, come clean. You might have a brother or whanau who are in the gangs and that's fine. But to say that you were just catching up at a family function, I don't buy it. Not in the Labour Party jacket, not handing out the flyers, not saying get rid of this government. That is not a family catch up, that is campaigning. See omnystudio.com/listener for privacy information.

David Seymour says he won't shy away race relations, despite previous backlash. The ACT Leader championed the Treaty Principles Bill to its first reading this term, sparking nationwide protests. This election ACT's promising to “end race-based hiring requirements”, prohibit cultural or spiritual practices in the public service, and to abolish the Waitangi Tribunal once historic claims are settled. Seymour told Kerre Woodham the idea New Zealand is divided by its treaty is not sustainable. He says he doesn't resile to not having the conversation, no matter how painful it may be. LISTEN ABOVE See omnystudio.com/listener for privacy information.

We may be at a turning point when it comes to property investment. Cotality data shows residential property is worth $1.66 trillion and still accounts for more than 50% of all household assets. But it also shows property sales and values are largely subdued. Chief Property Economist Kelvin Davidson told Kerre Woodham over the last couple of decades, strong capital gains and low interest rates were a big driver for the housing market. He says mortgage costs went down and selling provided capital gains as well, but this potentially won't last into the future. Davidson says property investment will probably need to be done a little bit differently, focusing on active management and cash flow rather than relying on capital gains. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Inflation is still much higher than it should be, largely because of high global oil prices. Stats NZ data shows the rate's now on 3.7%, down from 4.1% three months ago. Domestic non-tradeable inflation —for things like housing, electricity, and healthcare— has been trending down. Internationally-driven tradeable inflation —for things we import and export— has dipped, after trending up. But NZ Herald Business Editor at Large Liam Dann told Kerre Woodham economists are forecasting anywhere up to 4.7% inflation for the December quarter, which is pretty ugly. He says even if the Reserve Bank were to look through the impact of oil prices, the Consumer Price Index would still rise around 3.2%, which they can't ignore. Dann says it's one of the reasons economists expect them to hike interest rates. LISTEN ABOVE See omnystudio.com/listener for privacy information.

There's an old saying, "there's money in muck". And that still holds true – waste recovery contributed $3.3 billion to the economy last year. But another old saying, "safe as houses", doesn't ring quite so true. There were just over 6,500 property transactions across New Zealand in September, according to the latest CoreLogic report. And that's around 14% fewer than the same month last year. It's the ninth consecutive year on year decline. New Zealand house values are falling overall, down 1.3% nationally over the year to September 2026, again according to the CoreLogic data. But it should be noted that it's a two-speed market – the South Island's going gangbusters and without that region holding up, the national average would be a lot worse. In Auckland, average property values are down about 3.2% annually. In Wellington, it's a dumpster fire. They're down 28% from the 2021 peak, which is pretty tough. Property used to be seen as a safe investment, people saw it as a way to make money. That's only relatively recently though, probably in the last 25 years. Before that, it was a place to live. It was a home. It was a roof over your head. It wasn't seen as a great big ATM that you could dip into and have enormous fun spending up once your equity got to a certain point or the mortgage was paid off. Unless you are a true professional and that's your job, you know houses, you know what to do with them, you can spot good bones, you can make a lot of a rundown property using your own skill and vision and abilities. I don't think anyone sees property as a safe investment now, do they? And even once you'd paid off your mortgage on the property, in the olden days, you had so much money. You had so much money left over, you had so much money in the property, you could upsize, you could downsize, you could buy a bach, you could use the house as an ATM again. But I'm not sure that that still stands true either. Even if you've paid off your mortgage, if you want to sell, you've got to find a buyer, and in a market like this, it's pretty tricky. If you want to downsize, if you want to go into a retirement village, if you want to move to be closer to grandchildren, it can be pretty tricky even with everything signed off. And that's kind of the contract we enter into, that you pay off your mortgage and then you have choices, then you have options. I'm not entirely sure those choices and options are there now. And I don't know how long it will be before the good old days return, if they ever do. I'd love to hear from those of you who have either bought a rental property, do you believe the good old days will return? Is that what you're doing it for, to make money from it, or do you just want a steady little 3% return on your investment and you're good at fixing things up, you don't need to employ a property manager, you're good. If you're a young person who's bought into their first home, and thank heavens for you because you are the ones holding up the market, would you or do you see your property as a home or as an investment? Something that's going to grow in value over time that you can then turn to your advantage. If you've paid off the mortgage, do you want to downsize or relocate and are you stuck? Are you looking to buy another property like a bach or a rental, or are you going to put your money into managed funds? That being said, the housing market is not what it was, we still have $1.66 trillion in housing assets, and it accounts for about 50% of household assets. That is a lot of money. Houses still cost a lot, we still need a place to live, you still want a place to raise the family. But are we back to the days of seeing it as a home and not an investment, or do you still believe that there's gold in the foundations of where you're living right now? See omnystudio.com/listener for privacy information.