1 00:00:00,280 --> 00:00:04,240 Speaker 1: The Huddle with New Zealand Southerby's International Realty, local and 2 00:00:04,280 --> 00:00:06,240 Speaker 1: global exposure like no other. 3 00:00:06,840 --> 00:00:09,280 Speaker 2: Right joining the Huddle this afternoon. I'm delighted to have 4 00:00:09,360 --> 00:00:12,000 Speaker 2: as we do every Monday, Trish Hurson from Sherston willis 5 00:00:12,000 --> 00:00:15,120 Speaker 2: pr Good evening, and Josie Bigani from The Child Fun. 6 00:00:15,120 --> 00:00:17,400 Speaker 2: Good evening to you. Hello, great to have you on. 7 00:00:17,520 --> 00:00:19,880 Speaker 2: So is this good news for the left or is 8 00:00:19,920 --> 00:00:22,680 Speaker 2: this so far from an election that doesn't even matter? Jocy. 9 00:00:22,960 --> 00:00:25,840 Speaker 3: It's a long way from election, and Chris Hepkins is 10 00:00:25,960 --> 00:00:30,200 Speaker 3: right not to start counting his chickens. But I mean, 11 00:00:30,280 --> 00:00:31,840 Speaker 3: you've got to look at what's actually happening. This isn't 12 00:00:31,840 --> 00:00:34,319 Speaker 3: really a vote for labor. I'm not even sure it's 13 00:00:34,320 --> 00:00:36,600 Speaker 3: a vote for the left block in any way. It's 14 00:00:36,600 --> 00:00:39,120 Speaker 3: a sort of anti government block in my view. And 15 00:00:39,960 --> 00:00:42,080 Speaker 3: I think what's happening is that people are not feeling 16 00:00:42,120 --> 00:00:45,879 Speaker 3: better off. We're in a recession. We're just feeling like 17 00:00:45,960 --> 00:00:49,800 Speaker 3: there's nothing transformation, a ll big that's going to change anything. 18 00:00:49,880 --> 00:00:53,320 Speaker 3: We're just feeling like nothing is happening, and it feels 19 00:00:53,400 --> 00:00:57,319 Speaker 3: like drift. And so I think you know, whoever can 20 00:00:57,360 --> 00:00:59,880 Speaker 3: come up politically, you can come up with something that's 21 00:01:00,080 --> 00:01:03,720 Speaker 3: transformation or some idea other than you look at Luxeon's 22 00:01:03,760 --> 00:01:06,600 Speaker 3: idea for growth. A trade deal with UAE isn't going 23 00:01:06,640 --> 00:01:10,000 Speaker 3: to get it. A bunch of concerts at the at 24 00:01:10,120 --> 00:01:12,319 Speaker 3: Eden Park and more tourists isn't going to get it right. 25 00:01:12,400 --> 00:01:14,840 Speaker 3: So where is the thing? And I think the investment 26 00:01:15,160 --> 00:01:17,399 Speaker 3: idea is great, right, get investors over to come and 27 00:01:17,400 --> 00:01:19,920 Speaker 3: look at investing in New Zealand. But we're still going 28 00:01:19,959 --> 00:01:22,480 Speaker 3: to be selling milk powder and raw logs. So what 29 00:01:22,520 --> 00:01:23,880 Speaker 3: are you going to do about that? And unfortunately a 30 00:01:23,880 --> 00:01:25,360 Speaker 3: lot of it is R and d Ryan. I know 31 00:01:25,400 --> 00:01:26,840 Speaker 3: it's a pain to say it, but. 32 00:01:27,080 --> 00:01:29,160 Speaker 2: Yeah, but I mean it needs to happen. I guess 33 00:01:29,200 --> 00:01:30,960 Speaker 2: the question is how is it going to happen? I mean, 34 00:01:31,040 --> 00:01:33,520 Speaker 2: and you look at stuff that the Employees and Manufacturers 35 00:01:33,560 --> 00:01:38,320 Speaker 2: Union talks about Trisha with their faster depreciation on their machinery. 36 00:01:38,440 --> 00:01:40,560 Speaker 2: I mean, that is the kind of stuff that we 37 00:01:40,600 --> 00:01:42,720 Speaker 2: need to see happening here and hopefully we will in 38 00:01:42,760 --> 00:01:43,240 Speaker 2: the budget. 39 00:01:43,800 --> 00:01:46,520 Speaker 4: That's right. And I think that the right track wrong 40 00:01:46,640 --> 00:01:49,440 Speaker 4: track poll here is critical for the government and that 41 00:01:50,680 --> 00:01:53,360 Speaker 4: Kiwis are continuing to think we're on the wrong track. 42 00:01:53,720 --> 00:01:56,800 Speaker 4: Is not great for a government that campaigned on getting 43 00:01:56,800 --> 00:02:01,360 Speaker 4: New Zealand back on track, and that the tangible stuff 44 00:02:01,400 --> 00:02:07,000 Speaker 4: for voters is that they are still way behind economically 45 00:02:07,040 --> 00:02:10,639 Speaker 4: than they were a six or seven years ago. They 46 00:02:10,680 --> 00:02:14,160 Speaker 4: are still facing very high mortgage rates and over the weekend, 47 00:02:14,240 --> 00:02:17,280 Speaker 4: just think about this. Voters in Wellington we're told that 48 00:02:17,320 --> 00:02:20,440 Speaker 4: their house prices have gone down twenty four percent. They 49 00:02:20,440 --> 00:02:23,760 Speaker 4: are a long way behind. This second year in government 50 00:02:23,960 --> 00:02:27,000 Speaker 4: is a dangerous year for the government because you can't 51 00:02:27,000 --> 00:02:30,240 Speaker 4: blame the past lot anymore. You're being judged on your 52 00:02:30,280 --> 00:02:34,360 Speaker 4: own performance and in my view what is missing from 53 00:02:34,360 --> 00:02:38,080 Speaker 4: this government. There's a lot of good stuff happening, but 54 00:02:38,120 --> 00:02:42,120 Speaker 4: to Josie's point, the bold stuff like cutting the corporate 55 00:02:42,160 --> 00:02:46,760 Speaker 4: tax rate, like potentially saying to New Zealand is compulsory 56 00:02:46,800 --> 00:02:49,320 Speaker 4: super saving. So we've got a huge nest egg that 57 00:02:49,400 --> 00:02:52,840 Speaker 4: we can invest in things like being bold and brave 58 00:02:52,960 --> 00:02:55,520 Speaker 4: and saying to the electorate, look, we can't keep on 59 00:02:55,639 --> 00:03:00,359 Speaker 4: funding superannuation when you are sixty five. This is kind 60 00:03:00,400 --> 00:03:04,680 Speaker 4: of government in a structural economic situation where we need 61 00:03:04,720 --> 00:03:07,639 Speaker 4: those very big things to happen. And if you're inviting 62 00:03:07,720 --> 00:03:12,360 Speaker 4: foreign investment here, they are looking for something extra if 63 00:03:12,360 --> 00:03:14,720 Speaker 4: they're going to take their dollars all the way from 64 00:03:14,760 --> 00:03:17,520 Speaker 4: the US or the UK down to New Zealand. 65 00:03:17,560 --> 00:03:20,640 Speaker 3: And I tell you what, if Luxon can't deliver something 66 00:03:20,800 --> 00:03:23,240 Speaker 3: this year, and you're right, this so called year of growth, 67 00:03:23,280 --> 00:03:25,799 Speaker 3: which at the moment looks like the year of organograms. 68 00:03:25,880 --> 00:03:28,040 Speaker 3: You know, they've done a restructure of the science and research. 69 00:03:28,080 --> 00:03:30,600 Speaker 3: That's where your R and D is the science and 70 00:03:30,600 --> 00:03:32,560 Speaker 3: innovation and the stuff that's going to make the weird 71 00:03:32,600 --> 00:03:35,360 Speaker 3: stuff that makes us money, you know, the funny boat 72 00:03:35,360 --> 00:03:38,840 Speaker 3: widgets and the security stuff and the you know whatever, 73 00:03:38,920 --> 00:03:41,280 Speaker 3: that's the stuff that makes us money. That and doing 74 00:03:41,320 --> 00:03:44,680 Speaker 3: something more with milk powder than just milkpowder. If Luxeon 75 00:03:44,720 --> 00:03:48,240 Speaker 3: can't deliver something other than an organogram by the end 76 00:03:48,280 --> 00:03:51,120 Speaker 3: of next year, will be He'll be gone by Christmas 77 00:03:51,200 --> 00:03:53,920 Speaker 3: and they will replace him. Because I think the National 78 00:03:53,960 --> 00:03:55,680 Speaker 3: Party and I don't know what you're hearing, Trish, but 79 00:03:55,920 --> 00:03:58,680 Speaker 3: just they're starting to get really frustrated with this. 80 00:03:58,960 --> 00:04:01,680 Speaker 2: It's just ref that I think they would be foolish 81 00:04:01,720 --> 00:04:04,560 Speaker 2: to do anything quickly. 82 00:04:04,680 --> 00:04:06,000 Speaker 3: He better do something in the budget. 83 00:04:06,520 --> 00:04:08,160 Speaker 2: Yeah, he's got to do something in the budget. But 84 00:04:08,280 --> 00:04:12,320 Speaker 2: I think if you replace Chris Luxan with Nikola willis 85 00:04:12,400 --> 00:04:14,880 Speaker 2: you're still on a hiding to nothing. It's the economy 86 00:04:14,920 --> 00:04:17,760 Speaker 2: that's hurting people. It's the direction that's hurting people, and 87 00:04:17,800 --> 00:04:20,000 Speaker 2: people are feeling it. The thing is when they come 88 00:04:20,120 --> 00:04:23,200 Speaker 2: to vote next year, they aren't going to go I 89 00:04:23,240 --> 00:04:25,960 Speaker 2: know what will save the day Chris Hopkins and labor. 90 00:04:26,200 --> 00:04:28,120 Speaker 4: No, they're not. What they're going to do is they're 91 00:04:28,160 --> 00:04:31,800 Speaker 4: going to say, do I feel better off? That's why 92 00:04:31,839 --> 00:04:34,880 Speaker 4: the economy is important. That's what we've seen from elections 93 00:04:34,960 --> 00:04:39,520 Speaker 4: all around the world. And I also think with this government, 94 00:04:39,600 --> 00:04:41,880 Speaker 4: so they do need to do some big stuff this year, 95 00:04:41,960 --> 00:04:44,680 Speaker 4: or at least signal it, because three years go so 96 00:04:44,800 --> 00:04:47,719 Speaker 4: quickly in New Zealand and voters by this budget already 97 00:04:47,760 --> 00:04:52,680 Speaker 4: making some decisions. But the other interesting thing that they 98 00:04:52,720 --> 00:04:55,240 Speaker 4: really have to consider, and this is a theme that's 99 00:04:55,240 --> 00:04:58,200 Speaker 4: sort of building out there, particularly amongst the business community, 100 00:04:58,480 --> 00:05:01,839 Speaker 4: is there is still not a feeling that there is 101 00:05:01,880 --> 00:05:04,240 Speaker 4: a bigger strategy at place plan. 102 00:05:04,320 --> 00:05:05,000 Speaker 2: There's a lot of. 103 00:05:04,960 --> 00:05:08,560 Speaker 4: Things, and just saying growth, growth, growth, doesn't mean there's glad. 104 00:05:08,600 --> 00:05:11,000 Speaker 3: They have to come up with more than oh no, 105 00:05:11,080 --> 00:05:13,240 Speaker 3: we don't want investors buying New Zealand it's like no, no, 106 00:05:13,279 --> 00:05:14,080 Speaker 3: we want investment. 107 00:05:14,560 --> 00:05:18,479 Speaker 2: We want investment, all right. Joseph Begany and Trisharson on 108 00:05:18,480 --> 00:05:21,480 Speaker 2: the Huddle tonight, the Huddle with. 109 00:05:21,600 --> 00:05:27,240 Speaker 1: New Zealand Southeby's International Realty Elevator Marketing of your Home twelve. 110 00:05:26,920 --> 00:05:29,040 Speaker 2: Away from six News Talks. There'll be loads of your 111 00:05:29,080 --> 00:05:30,720 Speaker 2: texts coming in and I'll get to some of them 112 00:05:30,800 --> 00:05:33,160 Speaker 2: later on. Right now, Tris Shurson, Shuson, Willis p R. 113 00:05:33,240 --> 00:05:36,000 Speaker 2: Joseph BEGANI Child fund with me on the huddle. Welcome back. 114 00:05:36,440 --> 00:05:40,359 Speaker 2: So Matthew Howton in the Herald this afternoon said Mark Brown, 115 00:05:40,440 --> 00:05:43,240 Speaker 2: the Prime Minister has gone to China tossigned some kind 116 00:05:43,279 --> 00:05:45,279 Speaker 2: of deal. We don't know what it is. Therefore we 117 00:05:45,320 --> 00:05:48,000 Speaker 2: should invade the Cooks. Yeah. 118 00:05:48,040 --> 00:05:51,880 Speaker 4: Well it's great, isn't it. Houghton's always the provocateur and 119 00:05:52,600 --> 00:05:56,760 Speaker 4: it's it's very Trumpian. But the difference here between you know, 120 00:05:56,800 --> 00:05:59,720 Speaker 4: Trump wants to invade Greenland. New Zealand actually has a 121 00:05:59,800 --> 00:06:04,760 Speaker 4: col institutional deal with the Cook Islands. They are part 122 00:06:04,800 --> 00:06:07,520 Speaker 4: of the realm of New Zealand. I think the wake 123 00:06:07,640 --> 00:06:11,599 Speaker 4: up call here for our government is that actually this 124 00:06:11,800 --> 00:06:15,599 Speaker 4: is all part of the traditional power base in the 125 00:06:15,600 --> 00:06:19,839 Speaker 4: Pacific slipping away. It's a it's a sign of what 126 00:06:20,040 --> 00:06:24,599 Speaker 4: is happening globally where countries are forming up between between 127 00:06:24,680 --> 00:06:28,680 Speaker 4: sort of China and Russia and that block, or between 128 00:06:29,760 --> 00:06:32,600 Speaker 4: you know, our traditional allies, the US and the UK. 129 00:06:33,160 --> 00:06:38,120 Speaker 4: And I'm gonna sort of match Houghton's provocation here. I 130 00:06:38,160 --> 00:06:38,600 Speaker 4: think this. 131 00:06:39,760 --> 00:06:40,279 Speaker 1: No, well, I'm not. 132 00:06:40,360 --> 00:06:42,800 Speaker 4: I'm not invading anyone, although there have been times today 133 00:06:42,800 --> 00:06:46,400 Speaker 4: where I've wanted to launch various invasions, but on various matters. 134 00:06:46,520 --> 00:06:50,919 Speaker 4: But I actually think that the Cook that New Zealand 135 00:06:51,000 --> 00:06:53,720 Speaker 4: has more to lose in this than the Cook Islands. 136 00:06:53,800 --> 00:06:56,840 Speaker 4: I think that the Chinese will roll in and they 137 00:06:56,880 --> 00:06:59,120 Speaker 4: will offer any funding your like totally. 138 00:06:59,240 --> 00:07:01,479 Speaker 2: And if we if somebody takes an earlier, why don't 139 00:07:01,480 --> 00:07:04,400 Speaker 2: we go trump on them and take their money away. Well, 140 00:07:04,640 --> 00:07:05,520 Speaker 2: China will roll in. 141 00:07:05,680 --> 00:07:07,760 Speaker 3: So first thing we've got to realize is that. And 142 00:07:07,960 --> 00:07:09,920 Speaker 3: you know, look, we work in the Pacific contil Frond, 143 00:07:09,960 --> 00:07:11,960 Speaker 3: a lot of aid charities, most a charities in New 144 00:07:12,040 --> 00:07:16,080 Speaker 3: Zealand do. The Pacific is not our backyard, it's not 145 00:07:16,200 --> 00:07:19,320 Speaker 3: our property. Yes, we have a constitutional arrangement with them, 146 00:07:19,360 --> 00:07:21,840 Speaker 3: a bit like Denmark has with Greenland. But they are 147 00:07:21,880 --> 00:07:24,480 Speaker 3: an independent country and if we could get a better 148 00:07:24,520 --> 00:07:27,240 Speaker 3: deal with China, we would take it right Mark Brown, 149 00:07:27,280 --> 00:07:30,640 Speaker 3: the Prime Minister who I've met, and he said after COVID, 150 00:07:31,120 --> 00:07:33,880 Speaker 3: business as usual for aid. The Pacific does not want 151 00:07:33,880 --> 00:07:36,400 Speaker 3: to be dependent on AID for the rest of its existence. 152 00:07:36,520 --> 00:07:38,920 Speaker 3: It wants to find ways to grow its way out 153 00:07:38,920 --> 00:07:41,280 Speaker 3: of poverty and be independent. 154 00:07:41,480 --> 00:07:44,280 Speaker 2: So we've got to be a little bit or well, 155 00:07:44,560 --> 00:07:45,320 Speaker 2: let's help. 156 00:07:45,120 --> 00:07:48,280 Speaker 3: Them, help them manage China, because it's problem. It is 157 00:07:48,320 --> 00:07:50,000 Speaker 3: a problem. But don't tell them who they can and 158 00:07:50,000 --> 00:07:50,480 Speaker 3: can't take them. 159 00:07:50,600 --> 00:07:53,120 Speaker 2: Yeah, you can't wag your finger in their face, can you. 160 00:07:53,200 --> 00:07:56,480 Speaker 2: It's no one likes that's bad. Right, Let's go to 161 00:07:56,800 --> 00:07:59,520 Speaker 2: real estate agents. Put your hand up if you like them. 162 00:07:59,680 --> 00:08:01,520 Speaker 2: Obviously you can't see any hands, but there are no 163 00:08:01,560 --> 00:08:01,960 Speaker 2: hands in that. 164 00:08:02,960 --> 00:08:04,160 Speaker 4: I don't mind real estate agent. 165 00:08:04,320 --> 00:08:07,240 Speaker 3: I do not. I hate auctions and I hate tenders. 166 00:08:07,360 --> 00:08:09,600 Speaker 3: Tell me how much the house you want for the house, 167 00:08:09,640 --> 00:08:11,640 Speaker 3: and I'll workout if I can pay for it. Do 168 00:08:11,760 --> 00:08:13,880 Speaker 3: not make me guess I hate it. 169 00:08:13,920 --> 00:08:17,920 Speaker 2: But it's almost just the manifestation of the worst part 170 00:08:17,960 --> 00:08:20,240 Speaker 2: of us, isn't it, which is that when you're selling something, 171 00:08:20,280 --> 00:08:22,600 Speaker 2: you want the highest possible price, and then when you're 172 00:08:22,600 --> 00:08:24,760 Speaker 2: buying something, you want the lowest possible. 173 00:08:24,280 --> 00:08:28,040 Speaker 4: Price, and it's a terrible it's a terrible emotional pressure cocker. 174 00:08:28,080 --> 00:08:31,160 Speaker 4: That is a psychological device of an auction. I have 175 00:08:31,320 --> 00:08:34,000 Speaker 4: never been to one, but my husband when he bought 176 00:08:34,000 --> 00:08:37,040 Speaker 4: our family home. I was working. He took our three 177 00:08:37,160 --> 00:08:40,439 Speaker 4: year old son. This is many years ago, and unfortunately 178 00:08:40,480 --> 00:08:42,400 Speaker 4: the point where the auction was going up in sort 179 00:08:42,400 --> 00:08:45,960 Speaker 4: of one dollar increments, my three year old son kept 180 00:08:45,960 --> 00:08:48,840 Speaker 4: putting up his hand and the auctioneer kept saying, I'm sorry, Sarah, 181 00:08:48,880 --> 00:08:50,920 Speaker 4: I don't think you're good for it. And it really 182 00:08:51,400 --> 00:08:53,359 Speaker 4: wasn't a helpful situation. 183 00:08:55,080 --> 00:08:58,960 Speaker 2: They're awful. Yeah, No, horrible things, horrible things. Anyway, we 184 00:08:58,960 --> 00:09:00,679 Speaker 2: were talking about that because there's an action that kind 185 00:09:00,679 --> 00:09:02,840 Speaker 2: of went a bit of rye in Green Height and Auckland, 186 00:09:03,280 --> 00:09:06,360 Speaker 2: but honestly, that's not worth getting into. It's just gone 187 00:09:06,400 --> 00:09:07,600 Speaker 2: nine minutes away from six. 188 00:09:08,240 --> 00:09:10,240 Speaker 4: You're bored over it. 189 00:09:10,640 --> 00:09:13,640 Speaker 2: Tricius and Chius and Vellspia and Joseph Bagani child Fun 190 00:09:13,679 --> 00:09:16,200 Speaker 2: thanks so much for being on the huddle this evening. 191 00:09:16,640 --> 00:09:18,080 Speaker 2: Lots more to come here on news talks have been 192 00:09:18,120 --> 00:09:21,319 Speaker 2: including your texts that have been steaming in over the 193 00:09:21,400 --> 00:09:23,200 Speaker 2: last few minutes. It's eight to six 194 00:09:24,360 --> 00:09:27,520 Speaker 1: For more from Hither Duplessy Allen Drive, Listen live to 195 00:09:27,600 --> 00:09:30,640 Speaker 1: news talks it'd be from four pm weekdays, or follow 196 00:09:30,679 --> 00:09:32,400 Speaker 1: the podcast on iHeartRadio.