1 00:00:00,320 --> 00:00:07,040 Speaker 1: What start the day, informed, entertained and despires. My Head's 2 00:00:07,120 --> 00:00:11,320 Speaker 1: Early Edition with one room, make your property search simple, 3 00:00:11,560 --> 00:00:12,319 Speaker 1: used talk set B. 4 00:00:13,680 --> 00:00:16,520 Speaker 2: Good morning, Welcome to Early Edition. I'm Francisco Budkin filling 5 00:00:16,520 --> 00:00:17,919 Speaker 2: in for Ryan Bridge. He's going to be with you 6 00:00:17,960 --> 00:00:20,400 Speaker 2: at six for the Mike Hosking Breakfast Show this morning. 7 00:00:20,720 --> 00:00:22,599 Speaker 2: Good to have you with us. You're most welcome to 8 00:00:22,600 --> 00:00:24,800 Speaker 2: contact me anytime this morning. You can flict me a 9 00:00:24,880 --> 00:00:27,560 Speaker 2: text on ninety two ninety two, or you can email 10 00:00:27,600 --> 00:00:30,560 Speaker 2: me at Francesca at Newstalk, VIDB, dot co, dot MZ. 11 00:00:31,120 --> 00:00:33,280 Speaker 2: Coming up on the show, the Prime Minister is giving 12 00:00:33,280 --> 00:00:35,839 Speaker 2: his State of the Nation's speech today. We discuss what 13 00:00:36,000 --> 00:00:38,320 Speaker 2: we should expect and what does he need to deliver. 14 00:00:38,880 --> 00:00:42,800 Speaker 2: Construction is booming and Canterbury why, what's behind this good 15 00:00:42,840 --> 00:00:45,519 Speaker 2: news and can it last? Also this hour we get 16 00:00:45,520 --> 00:00:47,920 Speaker 2: our heads around the inflation figures and what it means 17 00:00:47,920 --> 00:00:49,040 Speaker 2: for twenty twenty. 18 00:00:48,760 --> 00:00:51,600 Speaker 1: Five the Agenda. 19 00:00:52,400 --> 00:00:55,320 Speaker 2: Prince Harry has settled the court case against the publisher 20 00:00:55,360 --> 00:00:59,480 Speaker 2: of The Sun newspaper NGN, the group owned by Rupert Murdoch, 21 00:00:59,560 --> 00:01:02,480 Speaker 2: has a pologized for intruding into his life between nineteen 22 00:01:02,520 --> 00:01:05,520 Speaker 2: ninety six and twenty eleven, and has agreed to pay 23 00:01:05,680 --> 00:01:07,039 Speaker 2: substantial damages. 24 00:01:07,520 --> 00:01:12,400 Speaker 3: This represents a vindication for the hundreds of other claimants 25 00:01:12,680 --> 00:01:16,920 Speaker 3: who were strong armed into settling without being able to 26 00:01:16,959 --> 00:01:19,240 Speaker 3: get to the truth of what was done to them. 27 00:01:19,280 --> 00:01:21,679 Speaker 2: The settlement avoids a High court trial that was set 28 00:01:21,680 --> 00:01:27,400 Speaker 2: to get underway yesterday. South Korea's impeached president has made 29 00:01:27,440 --> 00:01:30,520 Speaker 2: his first public appearance in court following his arrest last week. 30 00:01:30,840 --> 00:01:34,440 Speaker 2: He's denied allegations by a special forces unit commander that 31 00:01:34,520 --> 00:01:38,559 Speaker 2: he directly asked to have troops forcibly removed lawmakers from 32 00:01:38,600 --> 00:01:42,959 Speaker 2: parliament during his short lived declaration of martial law. While 33 00:01:42,959 --> 00:01:46,560 Speaker 2: his presidential powers have been suspended, the Constitutional Court has 34 00:01:46,640 --> 00:01:50,440 Speaker 2: until June to decide whether to reinstate or remove him. 35 00:01:50,800 --> 00:01:53,760 Speaker 2: The death toll in the Turkish ski resort fire has 36 00:01:53,800 --> 00:01:55,639 Speaker 2: increased to seventy six. 37 00:01:56,200 --> 00:02:01,280 Speaker 4: We smelt it. We went down relatively early, save relatively early, 38 00:02:01,360 --> 00:02:05,080 Speaker 4: because the alarm hadn't gone off. Two floors were probably 39 00:02:05,120 --> 00:02:07,760 Speaker 4: on fire. We were trying to get to the upper 40 00:02:07,800 --> 00:02:11,480 Speaker 4: floor and we couldn't. There was no fire department around anyway. 41 00:02:11,760 --> 00:02:14,400 Speaker 4: It took one to one and a half hours for 42 00:02:14,440 --> 00:02:16,360 Speaker 4: the fire department to come from below. 43 00:02:17,000 --> 00:02:20,360 Speaker 2: Nine people, including the hotel's owner, have been arrested as 44 00:02:20,400 --> 00:02:24,040 Speaker 2: the investigation into the cause of the fire continues, and 45 00:02:24,080 --> 00:02:26,640 Speaker 2: the Toyota Aqua has taken out the top spot as 46 00:02:26,680 --> 00:02:29,680 Speaker 2: the country's most stolen car for the third year in 47 00:02:29,680 --> 00:02:32,560 Speaker 2: a row, making up eight percent of all thefts. That 48 00:02:32,680 --> 00:02:35,200 Speaker 2: was closely followed by the Toyota Corolla and in the 49 00:02:35,440 --> 00:02:39,520 Speaker 2: Andita in second and third place. Vehicle theft occurred mostly 50 00:02:39,560 --> 00:02:42,440 Speaker 2: in our big cities, whereth Auckland and Canterbury taking the 51 00:02:42,480 --> 00:02:46,880 Speaker 2: top two places. According to AMI Insurance, all of. 52 00:02:46,840 --> 00:02:50,400 Speaker 1: The analysis, none, none of the nonsense. It's earlier this 53 00:02:50,520 --> 00:02:54,400 Speaker 1: year with one room. Make your property search symbol Newstalks dB. 54 00:02:55,919 --> 00:02:58,399 Speaker 2: It's nine past five. You know, I would really think 55 00:02:58,440 --> 00:03:00,560 Speaker 2: twice before buying a ticket to a music festival in 56 00:03:00,560 --> 00:03:03,760 Speaker 2: New Zealand at the moment. The festival circuit is really 57 00:03:03,760 --> 00:03:06,200 Speaker 2: struggling right now and in some cases people have been 58 00:03:06,280 --> 00:03:09,160 Speaker 2: left hanging. Splow Festival has taken a break this year. 59 00:03:09,280 --> 00:03:13,440 Speaker 2: Paradise City Rock Festival are refunding tickets after poor ticket sales. 60 00:03:13,960 --> 00:03:17,000 Speaker 2: Bay Dreams and Juicy Fest announced they would not be 61 00:03:17,080 --> 00:03:21,040 Speaker 2: returning in twenty twenty five. Juicy Fest the festival where 62 00:03:21,040 --> 00:03:23,399 Speaker 2: a man had his ear partially bitten off by gang 63 00:03:23,440 --> 00:03:26,520 Speaker 2: member last year, said their cancelation was a result of 64 00:03:26,520 --> 00:03:30,240 Speaker 2: an inability to obtain alcohol licenses. Bay Dreams said it 65 00:03:30,280 --> 00:03:33,079 Speaker 2: was struggling in the face of rising costs and attracting 66 00:03:33,120 --> 00:03:37,240 Speaker 2: international talent. The Timeless Summer Tour featuring Bonnie Tyler Boy 67 00:03:37,280 --> 00:03:40,840 Speaker 2: George Little Riverband in Starship was postponed recently rumor as 68 00:03:40,880 --> 00:03:44,120 Speaker 2: they too couldn't find a licensed venue, and the popular 69 00:03:44,200 --> 00:03:47,040 Speaker 2: Langway Festival in Auckland sold tickets to sixteen and seventeen 70 00:03:47,120 --> 00:03:50,160 Speaker 2: year olds, only to have them barred in December after 71 00:03:50,160 --> 00:03:53,320 Speaker 2: their application to admit younger patrons was rejected by the 72 00:03:53,360 --> 00:03:57,280 Speaker 2: Auckland District Licensing Committee due to concerns around security and 73 00:03:57,960 --> 00:04:02,119 Speaker 2: occurrence of preloading. Yea, eighteen year olds do that too. Unfortunately, 74 00:04:02,360 --> 00:04:05,200 Speaker 2: there are a lot of reasons why festivals are suffering 75 00:04:05,200 --> 00:04:08,000 Speaker 2: both here and across the Ditch. Times are tough, costs 76 00:04:08,000 --> 00:04:10,760 Speaker 2: have increased and artists charged more. But I think there's 77 00:04:10,800 --> 00:04:14,240 Speaker 2: something else going on here too. A reluctance from councils 78 00:04:14,440 --> 00:04:17,680 Speaker 2: and possibly the police to support gatherings where large groups 79 00:04:17,720 --> 00:04:20,919 Speaker 2: of people drink. Now this isn't a bad thing, but 80 00:04:21,160 --> 00:04:24,360 Speaker 2: not everyone loses an air at a festival. If we 81 00:04:24,480 --> 00:04:27,640 Speaker 2: want a vibrant music scene, something I appreciate, then promoters, 82 00:04:27,680 --> 00:04:30,520 Speaker 2: councils and police need to be talking constructively to find 83 00:04:30,600 --> 00:04:35,160 Speaker 2: compromises to make sure events can take place safely and successfully. 84 00:04:35,800 --> 00:04:38,840 Speaker 2: Christ Church, however, Good on You, is bucking the trend. 85 00:04:38,920 --> 00:04:41,800 Speaker 2: Not only is the Electric Avenue Music Festival, which is 86 00:04:41,839 --> 00:04:44,719 Speaker 2: taking place in Hagley Park next month, the most sought 87 00:04:44,760 --> 00:04:47,120 Speaker 2: after ticket in the country. At the moment, it's expanding 88 00:04:47,160 --> 00:04:51,040 Speaker 2: from one to two days. Sixty thousand people are expected. 89 00:04:51,440 --> 00:04:54,160 Speaker 2: It is set to become the biggest party in Australasia. 90 00:04:54,279 --> 00:04:57,200 Speaker 2: So good on christ Church and gee, I hope it 91 00:04:57,240 --> 00:05:00,479 Speaker 2: goes well. It needs to go well. But if you 92 00:05:00,480 --> 00:05:03,240 Speaker 2: spent your money on another festival and awaiting a refund, 93 00:05:03,680 --> 00:05:06,880 Speaker 2: my sympathies can hear your thoughts. You might be one 94 00:05:06,880 --> 00:05:09,440 Speaker 2: of those people who bought tickets and good faith and 95 00:05:09,480 --> 00:05:11,920 Speaker 2: are wondering if you're ever going to get to see 96 00:05:11,960 --> 00:05:15,120 Speaker 2: these bands. It is eleven past five. You're with News 97 00:05:15,200 --> 00:05:15,880 Speaker 2: Talks FB. 98 00:05:16,560 --> 00:05:19,599 Speaker 1: The latest from around the country and around the world. 99 00:05:19,760 --> 00:05:23,680 Speaker 1: Early edition with one room, Make your Property search simple. 100 00:05:23,880 --> 00:05:28,360 Speaker 2: News TALKSB thirteen past five. So it's a big day 101 00:05:28,400 --> 00:05:30,640 Speaker 2: for the Prime Minister today. He's delivering his State of 102 00:05:30,680 --> 00:05:33,320 Speaker 2: the Nation's speech in Auckland. It's his first major speech 103 00:05:33,360 --> 00:05:35,320 Speaker 2: to the year, where he'll be sharing his vision for 104 00:05:35,360 --> 00:05:38,200 Speaker 2: New Zealand and share the inside track on the government's 105 00:05:38,240 --> 00:05:42,119 Speaker 2: growth agenda. Former Senior Ministerial advisor for the National Party 106 00:05:42,160 --> 00:05:44,880 Speaker 2: and political commentator Bridget Morton is with me now. Thanks 107 00:05:44,880 --> 00:05:48,479 Speaker 2: for your time this morning, Bridget, good morning. First of all, 108 00:05:48,760 --> 00:05:50,360 Speaker 2: how big a deal actually is the State of the 109 00:05:50,440 --> 00:05:51,719 Speaker 2: Nation speech? Does anyone care? 110 00:05:53,240 --> 00:05:55,400 Speaker 5: I think you've got to be a bit realistic. They 111 00:05:55,480 --> 00:05:57,760 Speaker 5: are big set pieces for the year and a lot 112 00:05:57,800 --> 00:06:01,080 Speaker 5: of effort goes into them. But realistic, most people aren't 113 00:06:01,600 --> 00:06:04,240 Speaker 5: that much attention to all of the messages that are 114 00:06:04,279 --> 00:06:04,960 Speaker 5: in that speech. 115 00:06:05,839 --> 00:06:07,600 Speaker 2: What are you expecting to come out of it? 116 00:06:08,839 --> 00:06:09,480 Speaker 6: The economy? 117 00:06:09,600 --> 00:06:12,520 Speaker 5: The economy, the economy. Without a doubt, there's a big 118 00:06:12,560 --> 00:06:16,640 Speaker 5: focus this year by the government of economic growth. You've 119 00:06:16,640 --> 00:06:19,400 Speaker 5: seen that in the cabinet reshuffle, You've seen it in 120 00:06:19,480 --> 00:06:23,920 Speaker 5: the announcements and the media interviews given over the last 121 00:06:23,960 --> 00:06:25,800 Speaker 5: twenty four hours. I think you're going to be talking 122 00:06:25,839 --> 00:06:28,520 Speaker 5: about how they can get the New Zealand back out 123 00:06:28,520 --> 00:06:32,040 Speaker 5: of that recession, get employment back up, get you know, 124 00:06:33,040 --> 00:06:36,279 Speaker 5: retail spending, business confidence, all of those things happening. I 125 00:06:36,320 --> 00:06:38,320 Speaker 5: think that's going to be absolute focus today. 126 00:06:38,640 --> 00:06:40,719 Speaker 2: How much detail do you think we're going to get, Bregert, 127 00:06:40,760 --> 00:06:44,320 Speaker 2: Because we've heard from the Prime Minister and the Finance 128 00:06:44,400 --> 00:06:48,320 Speaker 2: Minister Nikola Willis. They're painting this lovely big picture narrative 129 00:06:48,360 --> 00:06:50,360 Speaker 2: at the moment, but we're not really getting down to 130 00:06:50,360 --> 00:06:52,640 Speaker 2: the nitty gritty or any detail or how we're going 131 00:06:52,680 --> 00:06:55,040 Speaker 2: to get there. Should we expect that today? 132 00:06:56,040 --> 00:06:57,880 Speaker 5: Not in the state of the nation. They are much 133 00:06:57,920 --> 00:07:01,240 Speaker 5: more about building that narrative out, that message about what 134 00:07:01,400 --> 00:07:03,680 Speaker 5: the year will look like, what the sort of aims are, 135 00:07:04,320 --> 00:07:07,360 Speaker 5: you know, so much more like a news resolution type 136 00:07:07,680 --> 00:07:10,240 Speaker 5: speech as opposed to the detail about how they get 137 00:07:10,240 --> 00:07:10,920 Speaker 5: to those goals. 138 00:07:11,080 --> 00:07:11,720 Speaker 7: There'll probably be. 139 00:07:11,760 --> 00:07:15,120 Speaker 5: A small announcement in there. It normally is something, but 140 00:07:15,240 --> 00:07:17,640 Speaker 5: for the most part is about setting the tone. 141 00:07:18,000 --> 00:07:22,560 Speaker 2: But no one sticks to the New year's resolutions, and you. 142 00:07:22,600 --> 00:07:24,720 Speaker 5: Already given up on yours. 143 00:07:24,800 --> 00:07:28,600 Speaker 2: I don't even bother anymore till about February, when I've 144 00:07:28,680 --> 00:07:32,160 Speaker 2: really thought about it long and hard. Okay, so maybe 145 00:07:32,200 --> 00:07:33,520 Speaker 2: alerttle bit of policy. 146 00:07:35,040 --> 00:07:36,880 Speaker 5: Yeah, I think so. But I think you'll hear some 147 00:07:36,920 --> 00:07:40,640 Speaker 5: of those things we've heard, you know, trade deals, you know, 148 00:07:40,680 --> 00:07:43,280 Speaker 5: how they can get rid of red tape in terms 149 00:07:43,280 --> 00:07:46,280 Speaker 5: of regulation, what they can do in terms of getting 150 00:07:46,280 --> 00:07:50,120 Speaker 5: business confidence and getting people back you know, spending. I 151 00:07:50,120 --> 00:07:53,240 Speaker 5: think you saw yesterday, you know, they were applauding the 152 00:07:53,240 --> 00:07:56,600 Speaker 5: fact that low inflation was staying relatively steady. So I 153 00:07:56,640 --> 00:07:58,800 Speaker 5: think you'll hear a lot of those messages coming through. 154 00:07:59,160 --> 00:08:01,120 Speaker 2: Is that enough? Do you think? Is that enough at 155 00:08:01,120 --> 00:08:03,800 Speaker 2: the moment, especially when we've had a recent poll which 156 00:08:03,840 --> 00:08:06,600 Speaker 2: has got you know, national dropping into the twenties. 157 00:08:08,040 --> 00:08:10,200 Speaker 5: Yeah, I think you've got to be careful here in 158 00:08:10,280 --> 00:08:12,120 Speaker 5: terms of you know, as you said that the State 159 00:08:12,160 --> 00:08:14,960 Speaker 5: of the Nation that is about setting the tone. I think, 160 00:08:14,960 --> 00:08:16,960 Speaker 5: without a doubt there'll be something in there that'll be 161 00:08:16,960 --> 00:08:19,600 Speaker 5: something new. But you've got to be realistic that they're 162 00:08:19,600 --> 00:08:21,440 Speaker 5: not going to dump out a whole lot of new 163 00:08:21,480 --> 00:08:24,320 Speaker 5: policy right at the beginning of the year, because, as 164 00:08:24,360 --> 00:08:26,800 Speaker 5: we've talked about, at the beginning, not that many people 165 00:08:26,880 --> 00:08:28,960 Speaker 5: are listening to all of the detail in the State 166 00:08:29,000 --> 00:08:29,880 Speaker 5: of the Nation speech. 167 00:08:31,240 --> 00:08:34,480 Speaker 2: Is the speech away for him to entice voters? 168 00:08:35,840 --> 00:08:38,400 Speaker 5: Oh, of course. I mean, at the end of the day, 169 00:08:38,440 --> 00:08:40,800 Speaker 5: he's a politician. He needs the popular vote to keep 170 00:08:40,840 --> 00:08:43,440 Speaker 5: him in, So everything's going to be about talking to 171 00:08:43,600 --> 00:08:46,240 Speaker 5: voters and about what they care about. We know in 172 00:08:46,320 --> 00:08:49,960 Speaker 5: recent polls that cost of living in the economy is 173 00:08:50,200 --> 00:08:53,400 Speaker 5: the biggest issue and that is something that the National 174 00:08:53,440 --> 00:08:56,600 Speaker 5: Party has really campaigned on. That be the right party 175 00:08:56,640 --> 00:08:59,080 Speaker 5: to really focus on those issues. So he's going to 176 00:08:59,120 --> 00:09:02,480 Speaker 5: continue demonst at what they've done today and what they're 177 00:09:02,520 --> 00:09:06,400 Speaker 5: planning on doing to get those two issues under control. 178 00:09:06,840 --> 00:09:09,720 Speaker 2: Bridget, thanks so much for your time today. Appreciated. That 179 00:09:09,920 --> 00:09:12,360 Speaker 2: was former Senior Ministerial Advisor of for the National Party 180 00:09:12,600 --> 00:09:15,520 Speaker 2: and political commentator Bridget Morton. What do you want to 181 00:09:15,520 --> 00:09:17,880 Speaker 2: hear from LUXM this morning? Is Bridget said, Look, this 182 00:09:17,920 --> 00:09:21,000 Speaker 2: is kind of once again another big picture, set the 183 00:09:21,080 --> 00:09:24,440 Speaker 2: tone for the year kind of speech. Oh what does 184 00:09:24,520 --> 00:09:28,600 Speaker 2: Luxan need to do to catch your attention? To impress you? 185 00:09:28,600 --> 00:09:32,000 Speaker 2: You can text on ninety two ninety two it is 186 00:09:32,080 --> 00:09:35,839 Speaker 2: a seventeen past five. You're with early edition to stay. 187 00:09:35,640 --> 00:09:38,760 Speaker 1: Ahead of the curve. Early edition with one roof, make 188 00:09:38,840 --> 00:09:41,680 Speaker 1: your property search simple news talk said, being. 189 00:09:43,640 --> 00:09:46,720 Speaker 2: Yes, you're with early edition. It is twenty past five. Right, 190 00:09:46,840 --> 00:09:49,400 Speaker 2: Construction in the South is booming, with one in five 191 00:09:49,440 --> 00:09:52,640 Speaker 2: new Zealand homes being built in Canterbury. In the past year, 192 00:09:52,800 --> 00:09:56,320 Speaker 2: sixy five hundred new homes were consented by Canterbury councils, 193 00:09:56,600 --> 00:10:00,760 Speaker 2: equating to nine point four homes per thousand residents, the 194 00:10:00,840 --> 00:10:03,800 Speaker 2: highest rate in the country. Canterbury is also the only 195 00:10:03,840 --> 00:10:07,000 Speaker 2: region still building more homes than before the COVID pandemic. 196 00:10:07,480 --> 00:10:10,600 Speaker 2: Construction analyst Mike Blackburn joins me, Now, thank you for. 197 00:10:10,559 --> 00:10:13,319 Speaker 6: Your time, Mike, Good morning, Francesca. 198 00:10:13,480 --> 00:10:15,559 Speaker 2: So why is Canterbury growing so much more than the 199 00:10:15,600 --> 00:10:16,400 Speaker 2: rest of the country. 200 00:10:17,960 --> 00:10:21,960 Speaker 6: Well, look, I think there's a number of combinations. Firstly, 201 00:10:23,400 --> 00:10:28,400 Speaker 6: following the extraordinary peak of building activity in twenty twenty 202 00:10:28,440 --> 00:10:32,560 Speaker 6: one and twenty twenty two, the building consent numbers across 203 00:10:32,600 --> 00:10:39,680 Speaker 6: the whole country declined significantly, and unfortunately for many other 204 00:10:39,720 --> 00:10:43,600 Speaker 6: parts of the country, building consent numbers are continuing to decline. 205 00:10:44,080 --> 00:10:47,120 Speaker 6: One of the reasons why Canterbury as a standout region 206 00:10:47,160 --> 00:10:49,800 Speaker 6: at the moment is that those numbers have plateaued and 207 00:10:49,840 --> 00:10:52,520 Speaker 6: an actual fact, the numbers that I've been tracking have 208 00:10:52,640 --> 00:10:57,560 Speaker 6: actually shown a slight increase over the last six months 209 00:10:57,640 --> 00:11:00,440 Speaker 6: or so. And the number one reason why can debris 210 00:11:00,480 --> 00:11:03,880 Speaker 6: has continued to do so well as primarily because of 211 00:11:04,080 --> 00:11:08,920 Speaker 6: internal migration. So that's people moving from other places in 212 00:11:08,960 --> 00:11:10,800 Speaker 6: New Zealand to Canterbury. 213 00:11:11,040 --> 00:11:15,200 Speaker 2: Well, why wouldn't you construction? I believed that construction costs 214 00:11:15,200 --> 00:11:17,200 Speaker 2: in Christy to the second highest in New Zealand. That 215 00:11:17,200 --> 00:11:18,720 Speaker 2: doesn't seem to be slowing things down. 216 00:11:20,040 --> 00:11:23,880 Speaker 6: Look, that's I'm not so convinced about that. Certainly, when 217 00:11:23,920 --> 00:11:27,880 Speaker 6: you look at the average price of a residential house 218 00:11:27,960 --> 00:11:30,760 Speaker 6: here in christ Church or sort of certainly the wider 219 00:11:30,800 --> 00:11:34,440 Speaker 6: Canterbury area, it's it's at around about seven hundred and 220 00:11:34,440 --> 00:11:38,760 Speaker 6: thirty thousand dollars and that's sort of significantly cheaper, you know, 221 00:11:38,840 --> 00:11:43,319 Speaker 6: twenty percent twenty five percent cheaper than a new house 222 00:11:43,400 --> 00:11:46,000 Speaker 6: in Auckland. And so I think that's another reason why 223 00:11:46,040 --> 00:11:49,200 Speaker 6: we are seeing people wanting to sort of move down 224 00:11:49,280 --> 00:11:53,520 Speaker 6: here is the fact that overall the economy in Canterbury 225 00:11:53,640 --> 00:11:59,000 Speaker 6: is actually pretty good. Jobs are relatively against the trend 226 00:11:59,040 --> 00:12:01,760 Speaker 6: of the rest of the country where we're seeing a 227 00:12:01,880 --> 00:12:06,360 Speaker 6: rise in unemployment. Jobs are still relatively plentiful here in 228 00:12:06,440 --> 00:12:10,320 Speaker 6: christ Church. Pay rates relatively on average with many of 229 00:12:10,360 --> 00:12:12,880 Speaker 6: our other largest cities, and of course this is the 230 00:12:12,920 --> 00:12:17,360 Speaker 6: reason why people are choosing to sort of relocate here 231 00:12:17,440 --> 00:12:19,440 Speaker 6: to Canterbury. If you can, if you don't have to 232 00:12:19,440 --> 00:12:22,199 Speaker 6: be tied to a desk in an Auckland or Hamilton, 233 00:12:23,520 --> 00:12:26,800 Speaker 6: and you can get a job down here in lovely Canterbury, 234 00:12:27,720 --> 00:12:29,760 Speaker 6: then it's a little bit like winning lotto. 235 00:12:31,080 --> 00:12:34,320 Speaker 2: So the number of consensus high. Are people actually buying 236 00:12:34,320 --> 00:12:36,080 Speaker 2: these homes? Is the demand there? 237 00:12:37,360 --> 00:12:40,040 Speaker 6: Yes? Yes, Look, I spent sort of all day long 238 00:12:40,120 --> 00:12:44,440 Speaker 6: talking to builders, developers realized that agents and they're saying that. 239 00:12:44,559 --> 00:12:48,280 Speaker 6: Certainly over the last six months, the telephone has started 240 00:12:48,320 --> 00:12:52,080 Speaker 6: to ring again. Sales inquiries are up again, just reinforcing 241 00:12:52,080 --> 00:12:55,360 Speaker 6: what I said about people moving in from other parts 242 00:12:55,400 --> 00:12:58,720 Speaker 6: of the country. They're also seeing that same sort of 243 00:12:58,800 --> 00:13:03,240 Speaker 6: level of demand from from people outside of Canterbury. So look, 244 00:13:03,760 --> 00:13:07,520 Speaker 6: relative to the number of dwellings that were being consented 245 00:13:07,559 --> 00:13:09,880 Speaker 6: a couple of years ago, year, the market is down. 246 00:13:10,360 --> 00:13:13,680 Speaker 6: But look, I think that Canterbury is very very well 247 00:13:13,720 --> 00:13:16,439 Speaker 6: placed to come out of the currents that have downturn 248 00:13:16,600 --> 00:13:19,680 Speaker 6: much much faster than the rest of the country. The 249 00:13:19,720 --> 00:13:23,680 Speaker 6: current building consent numbers reinforced that, and I'm really really 250 00:13:23,679 --> 00:13:26,559 Speaker 6: positive about the next couple of years for new house 251 00:13:26,600 --> 00:13:27,920 Speaker 6: construction here in Canterbury. 252 00:13:28,040 --> 00:13:29,680 Speaker 2: I was just about to say will it last? 253 00:13:31,000 --> 00:13:33,000 Speaker 6: Yeah, Look, look I think I think it will. I 254 00:13:33,000 --> 00:13:35,920 Speaker 6: mean population growth is that as the number one driver 255 00:13:36,040 --> 00:13:39,120 Speaker 6: for why we build new houses. Look, Selwyn has been 256 00:13:40,120 --> 00:13:45,040 Speaker 6: one of the fastest growing regions in New Zealand for 257 00:13:45,080 --> 00:13:48,679 Speaker 6: the last three or four years. There's a number of 258 00:13:48,720 --> 00:13:53,199 Speaker 6: combinations which sort of we need to build houses effectively. 259 00:13:53,200 --> 00:13:56,520 Speaker 6: You did mention before about the cost of construction. Obviously 260 00:13:56,760 --> 00:13:59,079 Speaker 6: a number of the changes that the government are proposing 261 00:13:59,520 --> 00:14:01,920 Speaker 6: to make it easier and cheaper to build houses will 262 00:14:01,960 --> 00:14:05,360 Speaker 6: go a long way farrest track. Land development has been 263 00:14:05,400 --> 00:14:08,000 Speaker 6: another key thing to make sure that we've got plenty 264 00:14:08,040 --> 00:14:14,240 Speaker 6: of land supply going forward. I think that certainly here 265 00:14:14,280 --> 00:14:17,240 Speaker 6: in Canterbury it's a very very popular place. House prices 266 00:14:17,320 --> 00:14:21,920 Speaker 6: are proportionately much much better. The economy's looking really, really good. 267 00:14:22,480 --> 00:14:25,280 Speaker 6: I think it's going to be a great couple of 268 00:14:25,320 --> 00:14:26,400 Speaker 6: years for building houses. 269 00:14:26,680 --> 00:14:28,520 Speaker 2: Mike, really nice to talk to you. That was Mike 270 00:14:28,600 --> 00:14:32,000 Speaker 2: Blackburn there. I don't worry about Australia. Head to christ Church, folks. 271 00:14:32,040 --> 00:14:33,320 Speaker 2: It is twenty four past five. 272 00:14:33,360 --> 00:14:36,760 Speaker 1: You're with early edition The Early Edition Full show podcast 273 00:14:36,920 --> 00:14:39,680 Speaker 1: on iHeartRadio powered by Newstalks at Me. 274 00:14:40,720 --> 00:14:43,160 Speaker 2: You're with Early Edition. It is twenty six past five 275 00:14:43,560 --> 00:14:45,240 Speaker 2: now I am so pleased to see that. New Zealand 276 00:14:45,280 --> 00:14:48,280 Speaker 2: Business Herald journalist Kate McNamara continues to write about the 277 00:14:48,360 --> 00:14:51,560 Speaker 2: woes in the ruapey Who district. Why because the rupey 278 00:14:51,560 --> 00:14:54,320 Speaker 2: Who region has been hit hard with indecision around two 279 00:14:54,320 --> 00:14:57,400 Speaker 2: ski fields, the sudden closure of the chateau two years ago, 280 00:14:57,400 --> 00:15:01,080 Speaker 2: followed by the loss of over two hundred jobs. Windstone's pump, 281 00:15:01,160 --> 00:15:04,040 Speaker 2: pulp and timber mills shut down late last year. The 282 00:15:04,120 --> 00:15:07,920 Speaker 2: region has taken a beating through no fault of their own. Yesterday, 283 00:15:08,000 --> 00:15:12,320 Speaker 2: macnamara focused on the issues surrounding the majestic Chateau Tongurero Hotel, 284 00:15:12,640 --> 00:15:15,560 Speaker 2: which has been sitting in a derelict state for two years. 285 00:15:16,040 --> 00:15:18,280 Speaker 2: It's a sad site at the base of lupey Who. 286 00:15:18,320 --> 00:15:20,880 Speaker 2: I don't know if you've seen it recently. A desolate chateau, 287 00:15:21,280 --> 00:15:24,120 Speaker 2: the golf course over growing an empty building surrounding it. 288 00:15:24,360 --> 00:15:28,000 Speaker 2: The area feels quietly paused in time, with no sense 289 00:15:28,040 --> 00:15:31,040 Speaker 2: of if and when it may spring back to life. 290 00:15:31,320 --> 00:15:33,720 Speaker 2: Fokobaba Holdings Limited, the company and the process of buying 291 00:15:33,720 --> 00:15:36,680 Speaker 2: the Fockapuba ski Field is keen to discuss the future 292 00:15:36,720 --> 00:15:39,760 Speaker 2: of the chateau with government officials. They're interested in taking 293 00:15:39,800 --> 00:15:44,600 Speaker 2: on historic shadow, reviving it, providing employment and increasing tourism, 294 00:15:44,680 --> 00:15:47,760 Speaker 2: offering some economic stability for the region. The problem is 295 00:15:48,040 --> 00:15:50,800 Speaker 2: no one is really interested in talking to them. As 296 00:15:50,800 --> 00:15:53,040 Speaker 2: we've learnt with the ski fields, this is a complicated 297 00:15:53,080 --> 00:15:56,560 Speaker 2: region that requires sensitive conversations between government, the Department of 298 00:15:56,600 --> 00:16:00,320 Speaker 2: Conversation EWI, and other stakeholders. It was a struggle to 299 00:16:00,360 --> 00:16:03,320 Speaker 2: find the consensus over the ski fields, with some preferring 300 00:16:03,320 --> 00:16:06,480 Speaker 2: the continuation of a not for profit organization such as 301 00:16:06,520 --> 00:16:10,000 Speaker 2: the previous operator ral, others preferring to hand things over 302 00:16:10,080 --> 00:16:13,760 Speaker 2: to private operators. Along the way, a lot of government 303 00:16:13,800 --> 00:16:17,200 Speaker 2: money was put into keeping the ski fields afloat until 304 00:16:17,200 --> 00:16:18,880 Speaker 2: it got to the point where the fields were too 305 00:16:19,040 --> 00:16:22,960 Speaker 2: expensive to fail, as was the prospect of closing them down, 306 00:16:23,040 --> 00:16:25,440 Speaker 2: removing all the structures from the mountain and returning it 307 00:16:25,480 --> 00:16:28,480 Speaker 2: to its natural state. Getting the chateau up and running 308 00:16:28,480 --> 00:16:30,120 Speaker 2: again is going to cost millions of dollars, but on 309 00:16:30,160 --> 00:16:31,960 Speaker 2: the right term, such as a thirty year lease and 310 00:16:32,000 --> 00:16:35,840 Speaker 2: a peppercorn rent WHL will be willing to make the investment. 311 00:16:36,000 --> 00:16:38,920 Speaker 2: They've also done the research into the earthquake strengthening which 312 00:16:39,000 --> 00:16:41,000 Speaker 2: needs to be done, and believe it is not as 313 00:16:41,040 --> 00:16:45,240 Speaker 2: extensive as previously suggested. Look, this might not be the 314 00:16:45,280 --> 00:16:48,440 Speaker 2: deal which makes everyone happy, but frankly I don't see 315 00:16:48,440 --> 00:16:51,000 Speaker 2: anyone else queuing up to give it a go, leaving 316 00:16:51,000 --> 00:16:54,480 Speaker 2: the chateau empty and decaying for years, possibly decades, at 317 00:16:54,480 --> 00:16:56,360 Speaker 2: the cost of around one hundred and fifty to two 318 00:16:56,440 --> 00:16:59,960 Speaker 2: hundred thousand dollars a month for maintenance. When a possible 319 00:17:00,080 --> 00:17:04,160 Speaker 2: solution sits on the table, this simply depressing. The government 320 00:17:04,200 --> 00:17:06,840 Speaker 2: needs to deal with the least termination agreement and pay 321 00:17:06,880 --> 00:17:11,560 Speaker 2: the previous operators, reopen expressions of interest and have some conversations. 322 00:17:11,800 --> 00:17:14,679 Speaker 2: Talking is almost always a good place to start, So 323 00:17:14,800 --> 00:17:18,160 Speaker 2: please take the call Lupe, who is an incredible part 324 00:17:18,160 --> 00:17:21,040 Speaker 2: of our country and one that deserves to be thriving. 325 00:17:22,600 --> 00:17:24,399 Speaker 1: News talks edbe give this. 326 00:17:24,520 --> 00:17:27,080 Speaker 2: Old majestic beauty a chance tear it down. Just don't 327 00:17:27,160 --> 00:17:29,520 Speaker 2: leave her leaking and sitting there in neglect. Keen to 328 00:17:29,600 --> 00:17:33,200 Speaker 2: hear your thoughts in text on ninety two ninety two 329 00:17:33,280 --> 00:17:34,480 Speaker 2: you're with early edition. 330 00:17:40,760 --> 00:17:45,240 Speaker 1: Fast News Fresh takes the first early edition with one root, 331 00:17:45,480 --> 00:17:50,480 Speaker 1: make your Property search a simple News talks EDB. 332 00:18:02,160 --> 00:18:04,840 Speaker 2: Good morning, this is early edition on news Storm ZV. 333 00:18:05,080 --> 00:18:07,840 Speaker 2: It is twenty three to six. I'm franchescribud Can filling 334 00:18:07,840 --> 00:18:09,280 Speaker 2: in for Ryan. He's going to be with you at 335 00:18:09,359 --> 00:18:11,600 Speaker 2: six this morning. Thanks for being with us. And the 336 00:18:11,600 --> 00:18:13,560 Speaker 2: next half hour we head to the US with twenty 337 00:18:13,600 --> 00:18:16,960 Speaker 2: two states are already stealing the Trump administration over plans 338 00:18:17,000 --> 00:18:20,920 Speaker 2: to change the highly controversial birthright citizenship rule. And before 339 00:18:20,920 --> 00:18:22,280 Speaker 2: the end of the hour, we've got a lot of 340 00:18:22,280 --> 00:18:24,119 Speaker 2: inflation figures yesterday, so we're going to get a bit 341 00:18:24,119 --> 00:18:26,399 Speaker 2: of understanding of what they mean for the year. And 342 00:18:26,400 --> 00:18:28,560 Speaker 2: one of the biggest drivers was rent, So we look 343 00:18:28,600 --> 00:18:31,840 Speaker 2: at the outlook for rent. Will it continue to rise? 344 00:18:32,200 --> 00:18:35,320 Speaker 2: Thank you so much for your feedback, Save Texas. Ay Francesca, 345 00:18:35,600 --> 00:18:38,679 Speaker 2: There's no way that sales pitch. Whatever convinced me to 346 00:18:38,720 --> 00:18:41,080 Speaker 2: move to christ Church, the weather is crap. We're off 347 00:18:41,119 --> 00:18:43,960 Speaker 2: to living the Gold Coast to new energy and vibe 348 00:18:44,400 --> 00:18:48,240 Speaker 2: they can vibe that cannot be replicated here. Well, I tried, 349 00:18:48,359 --> 00:18:51,439 Speaker 2: I tried. Steve Judy also texts to say the Chateau 350 00:18:51,640 --> 00:18:53,520 Speaker 2: is a key building in the history of New Zealand 351 00:18:53,640 --> 00:18:56,920 Speaker 2: early tourism and the THHC chain of hotels is part 352 00:18:56,920 --> 00:18:59,560 Speaker 2: of our heritage and one of our major industries. As 353 00:18:59,600 --> 00:19:02,560 Speaker 2: a build alone, it is commanding and unique. We don't 354 00:19:02,560 --> 00:19:05,520 Speaker 2: want to lose this old girl, a pioneer of tourism. 355 00:19:06,480 --> 00:19:10,119 Speaker 2: Thank you very much for the text. Keep the feedback coming. 356 00:19:10,240 --> 00:19:15,600 Speaker 2: You can text on ninety two ninety two news Talk 357 00:19:15,760 --> 00:19:19,440 Speaker 2: zebby righty home, let's head around the country and joining 358 00:19:19,520 --> 00:19:23,360 Speaker 2: us now from Dunedin as Callum Proctor and Dnedan residents 359 00:19:23,400 --> 00:19:24,760 Speaker 2: have got a little bit of a slap on the 360 00:19:24,760 --> 00:19:28,000 Speaker 2: wrist from the council over their poor recycling habits Callum. 361 00:19:29,240 --> 00:19:30,080 Speaker 8: Yes, yeah, we have. 362 00:19:30,200 --> 00:19:32,919 Speaker 9: The city councils taken to Facebook here who express its 363 00:19:32,960 --> 00:19:36,719 Speaker 9: frustration over the amount of contamination found in people's yellow 364 00:19:36,840 --> 00:19:41,199 Speaker 9: recycling bins over the break. They say that this contamination 365 00:19:41,720 --> 00:19:47,080 Speaker 9: increased markedly during December. Amongst the recycling they found food waste, nappies, 366 00:19:47,320 --> 00:19:51,520 Speaker 9: plastic bags, glass, unwashed products and other general rubbish. The 367 00:19:51,560 --> 00:19:54,120 Speaker 9: councils says it's disappointing to see the slip and quality 368 00:19:54,600 --> 00:19:57,280 Speaker 9: and as reminding people to download the curb side collection 369 00:19:57,359 --> 00:20:00,000 Speaker 9: app to check what can and cannot be recycled. 370 00:20:00,320 --> 00:20:01,920 Speaker 2: And in Eden's weather column. 371 00:20:02,880 --> 00:20:05,280 Speaker 9: I've got to change today fresh so esterly this afternoon 372 00:20:05,359 --> 00:20:09,680 Speaker 9: rain possibly heavy, eases to showers later the high twenty Thank. 373 00:20:09,520 --> 00:20:12,040 Speaker 2: You so much. And Claire Sherwood is and christ Church. 374 00:20:12,160 --> 00:20:16,400 Speaker 2: I've just been talking about christ Church Electric Avenue Music Festival. 375 00:20:16,800 --> 00:20:19,399 Speaker 2: There is a massive weightlist for tickets, but no more 376 00:20:19,400 --> 00:20:22,119 Speaker 2: tickets are going to be released. Claire. We need to stop. 377 00:20:21,840 --> 00:20:23,760 Speaker 10: Telling people how good it is here or they'll all 378 00:20:23,760 --> 00:20:27,760 Speaker 10: be moving. Francesca, there is a massive weightlist. There's about 379 00:20:27,800 --> 00:20:31,040 Speaker 10: seventy thousand people expected to be at Hagley Park next 380 00:20:31,040 --> 00:20:34,280 Speaker 10: month February twenty one. It's the first time Electric Avenue 381 00:20:34,280 --> 00:20:37,439 Speaker 10: has been a two day festival. There are though another 382 00:20:37,600 --> 00:20:41,399 Speaker 10: twenty thousand on the weightlist hoping for tickets. We've chased 383 00:20:41,440 --> 00:20:45,120 Speaker 10: up festival director Callum Mitchell. He says, well, demand is 384 00:20:45,160 --> 00:20:48,600 Speaker 10: incredible and they would love to increase the capacity. Their 385 00:20:48,640 --> 00:20:51,040 Speaker 10: focus right now is to ensure the attendees who have 386 00:20:51,080 --> 00:20:53,840 Speaker 10: already got their tickets have a really good experience, he says. 387 00:20:53,840 --> 00:20:55,680 Speaker 10: At the stage there are no firm plans to add 388 00:20:55,800 --> 00:20:59,400 Speaker 10: any other editions of the festival elsewhere either. Christ Church 389 00:20:59,480 --> 00:21:02,800 Speaker 10: in z is estimating this event brings in seven million 390 00:21:02,840 --> 00:21:04,240 Speaker 10: dollars to the local economy. 391 00:21:04,400 --> 00:21:06,040 Speaker 2: My son's supposed to be getting ready to go to 392 00:21:06,160 --> 00:21:08,480 Speaker 2: university in Canterbury and all he is doing is trying 393 00:21:08,480 --> 00:21:13,440 Speaker 2: to get tickets to this festival. Ah the weather today, Claire, early, 394 00:21:13,480 --> 00:21:15,800 Speaker 2: low cloud, a bit of fog possible, but otherwise should 395 00:21:15,800 --> 00:21:19,120 Speaker 2: be fine untilson rain this afternoon. The highest twenty five, 396 00:21:19,359 --> 00:21:21,880 Speaker 2: thanks Claire. Max toll is in Wellington and some good 397 00:21:21,920 --> 00:21:24,640 Speaker 2: news today MAX. Road deaths at a notable low. 398 00:21:25,240 --> 00:21:28,000 Speaker 11: Yeah, you may not believe it with the current quality 399 00:21:28,040 --> 00:21:30,640 Speaker 11: of driving on our roads, but the AA celebrating an 400 00:21:30,760 --> 00:21:34,600 Speaker 11: historic low number of deaths on Wellington's roads last year 401 00:21:35,520 --> 00:21:38,399 Speaker 11: six fatalities across the region. That's the lowest in at 402 00:21:38,480 --> 00:21:41,199 Speaker 11: least thirty four years, it says, at least I assume 403 00:21:41,240 --> 00:21:44,640 Speaker 11: because that's on record and not unique to Wellington. In fact, 404 00:21:44,720 --> 00:21:47,159 Speaker 11: there was the lowest per capita road toll across New 405 00:21:47,240 --> 00:21:50,040 Speaker 11: Zealand in a century. We may not have better drivers, 406 00:21:50,040 --> 00:21:53,000 Speaker 11: but we do have safer highways and more are to 407 00:21:53,080 --> 00:21:57,000 Speaker 11: open in the coming decade, more cameras as well more police. 408 00:21:57,040 --> 00:22:00,560 Speaker 11: These are all factors the road toll. Typically it does 409 00:22:00,600 --> 00:22:03,960 Speaker 11: fluctuate quite a bit year to year. But let's cross 410 00:22:04,000 --> 00:22:06,920 Speaker 11: our fingers and this proves not to be an anomaly. 411 00:22:07,280 --> 00:22:09,159 Speaker 2: And Wellington's weather today max. 412 00:22:09,240 --> 00:22:11,160 Speaker 11: Should be fine nor the least twenty two the high 413 00:22:11,200 --> 00:22:12,440 Speaker 11: central good to hear. 414 00:22:12,560 --> 00:22:15,000 Speaker 2: And joining me in the studio now is never Britty Manu, 415 00:22:15,040 --> 00:22:17,480 Speaker 2: an owner of the third most stolen car in New Zealand, 416 00:22:17,480 --> 00:22:19,320 Speaker 2: the nist and Tea. Did you nick yours? 417 00:22:20,520 --> 00:22:23,480 Speaker 12: I wish I had no, no, but yes I do 418 00:22:23,600 --> 00:22:27,800 Speaker 12: own a Nissentita and this is my seat Tita. You're 419 00:22:28,000 --> 00:22:30,760 Speaker 12: right for them to say you and your pronunciation. This 420 00:22:30,880 --> 00:22:34,760 Speaker 12: is my second second Missentita, because I have had My 421 00:22:34,800 --> 00:22:37,639 Speaker 12: previous one was stolen about eight years ago, used in 422 00:22:37,680 --> 00:22:39,760 Speaker 12: a ram raid ah terrible. 423 00:22:39,840 --> 00:22:41,280 Speaker 8: I was a victim. Victim. 424 00:22:42,600 --> 00:22:45,000 Speaker 2: Now, a state of the art electric boat is almost 425 00:22:45,080 --> 00:22:46,680 Speaker 2: ready to take passengers around Auckland Harbor. 426 00:22:46,720 --> 00:22:48,720 Speaker 12: For this is such a cool story, so full of 427 00:22:48,840 --> 00:22:51,920 Speaker 12: three sixties new it's a ten seater electric vessel, comedic. 428 00:22:52,200 --> 00:22:55,480 Speaker 12: Now it's going to be available for thrill rides. Thrill 429 00:22:55,600 --> 00:22:58,280 Speaker 12: rides around the harbor. Now this is from next week, 430 00:22:58,359 --> 00:23:01,440 Speaker 12: so we know we've got Auckland and three weekend coming up. Yay, 431 00:23:01,800 --> 00:23:04,640 Speaker 12: But this is happening from windsor spins out there or something. 432 00:23:04,720 --> 00:23:05,440 Speaker 2: Oh yeah, you can. 433 00:23:06,119 --> 00:23:09,040 Speaker 12: Well no, well, well that's thrill thrill rides. I don't 434 00:23:09,040 --> 00:23:10,960 Speaker 12: want to put words in their mouth, but I mean 435 00:23:11,000 --> 00:23:13,280 Speaker 12: that sounds pretty cool. I mean, just take your sea legs. 436 00:23:13,320 --> 00:23:14,280 Speaker 2: Are you good on boats? 437 00:23:14,320 --> 00:23:15,160 Speaker 12: You'd be good on boat. 438 00:23:15,280 --> 00:23:17,480 Speaker 2: I'm fine when i'm sailing. I'm not good on a 439 00:23:17,600 --> 00:23:19,399 Speaker 2: large boat and a swell. 440 00:23:19,200 --> 00:23:20,919 Speaker 12: Yeah, well I'm not good. I'm not even good on 441 00:23:20,960 --> 00:23:22,600 Speaker 12: the fairy. I can't even go on the ferry to 442 00:23:23,000 --> 00:23:24,239 Speaker 12: the Devonport. 443 00:23:23,760 --> 00:23:27,359 Speaker 2: And I can manage that, but not with you. 444 00:23:27,720 --> 00:23:32,280 Speaker 12: This is fully emission free. It uses the hydrofoiling technology. 445 00:23:32,320 --> 00:23:34,880 Speaker 12: So this is similar to what's used in America's cupboats 446 00:23:34,880 --> 00:23:36,080 Speaker 12: to help speed in efficiency. 447 00:23:37,000 --> 00:23:37,240 Speaker 1: Cool. 448 00:23:37,320 --> 00:23:38,119 Speaker 2: That's very cool. 449 00:23:38,200 --> 00:23:40,159 Speaker 12: So but we do know too that the boats make it. 450 00:23:40,240 --> 00:23:42,920 Speaker 12: Auckland startups if they're aiming to follow this up, because 451 00:23:42,960 --> 00:23:46,440 Speaker 12: this current one is ten seats with a nineteen meter, 452 00:23:46,680 --> 00:23:49,680 Speaker 12: one hundred passenger model or something, get that out. 453 00:23:49,480 --> 00:23:51,600 Speaker 2: There, getting this quiet, get it out of the fairies 454 00:23:51,600 --> 00:23:53,320 Speaker 2: out there. I love it. Auckland's weather today. 455 00:23:53,119 --> 00:23:56,719 Speaker 12: Cloudy, isolated showers becoming fine. This afternoon, still warm, muggy, 456 00:23:56,840 --> 00:23:57,840 Speaker 12: twenty fours a high. 457 00:23:57,880 --> 00:24:00,520 Speaker 2: Thank you so much for next We're off the US. 458 00:24:00,640 --> 00:24:03,080 Speaker 2: It is seventeen to six Newstorok's. 459 00:24:02,600 --> 00:24:08,080 Speaker 1: FB international correspondence with ends at Eye Insurance Peace of 460 00:24:08,119 --> 00:24:12,080 Speaker 1: Mind for New Zealand Business. 461 00:24:12,359 --> 00:24:16,080 Speaker 2: And Mitch McCann is with me now from the US. Mitch, 462 00:24:16,320 --> 00:24:21,359 Speaker 2: the birthright citizenship rule seems to be very controversial. I 463 00:24:21,400 --> 00:24:24,199 Speaker 2: can see that twenty two states are already suing the 464 00:24:24,200 --> 00:24:27,879 Speaker 2: administration over plans to bring this into action. 465 00:24:28,720 --> 00:24:29,280 Speaker 8: Yeah, that's right. 466 00:24:29,320 --> 00:24:32,840 Speaker 13: Good morning, Francisca from New York. This is extremely controversial. 467 00:24:32,880 --> 00:24:35,960 Speaker 13: Donald Trump is trying to end birthright citizenship here in 468 00:24:36,000 --> 00:24:37,840 Speaker 13: the United States. So if you are born in the 469 00:24:37,920 --> 00:24:41,240 Speaker 13: US at the moment, you automatically get citizenship and a 470 00:24:41,359 --> 00:24:43,720 Speaker 13: US passport. That's the way it's been for a very 471 00:24:43,840 --> 00:24:46,679 Speaker 13: very long time. Donald Trump is trying to change that 472 00:24:46,840 --> 00:24:50,560 Speaker 13: the people that are born with parents who are here illegally, 473 00:24:51,400 --> 00:24:54,280 Speaker 13: so he's part of his crackdown on illegal immigration. Now, 474 00:24:54,320 --> 00:24:57,399 Speaker 13: twenty two states have sued Donald Trump saying this is 475 00:24:57,520 --> 00:25:00,280 Speaker 13: illegal because of the fourteenth Amendment to the u US 476 00:25:00,400 --> 00:25:05,120 Speaker 13: Constitution that guarantees birthright citizenship. So this will take effect 477 00:25:05,160 --> 00:25:08,760 Speaker 13: in about twenty seven twenty eight days from now, although 478 00:25:08,840 --> 00:25:11,159 Speaker 13: it probably will be delayed as it's held up in 479 00:25:11,200 --> 00:25:13,480 Speaker 13: the couse. But this is just one of many measures 480 00:25:13,520 --> 00:25:17,440 Speaker 13: Donald Trump has enacted in terms of illegal immigration. So 481 00:25:17,480 --> 00:25:20,560 Speaker 13: if we look at some very quickly, He's declared a 482 00:25:20,600 --> 00:25:25,200 Speaker 13: border emergency at the southern border. He's changed laws which 483 00:25:25,240 --> 00:25:29,520 Speaker 13: mean that ICE agents, this is immigration enforcement agents can 484 00:25:29,520 --> 00:25:33,520 Speaker 13: make arrests or conduct raids now in places like hospitals 485 00:25:33,600 --> 00:25:37,600 Speaker 13: or churches or schools, whereas previously they weren't able to 486 00:25:37,640 --> 00:25:40,160 Speaker 13: do that. And in the last hour we have learned 487 00:25:40,160 --> 00:25:43,840 Speaker 13: that the US Justice Department has ordered prosecutors around the 488 00:25:43,840 --> 00:25:47,959 Speaker 13: country to investigate and prosecute law enforcement officials if they 489 00:25:48,160 --> 00:25:52,080 Speaker 13: refuse to enforce Donald Trump's new rules. So they'll be 490 00:25:52,119 --> 00:25:54,119 Speaker 13: keeping a close eye in all local police and law 491 00:25:54,240 --> 00:25:57,280 Speaker 13: enforcement agencies to make sure they're doing what Donald Trump's 492 00:25:57,320 --> 00:25:58,040 Speaker 13: telling them to do. 493 00:25:58,480 --> 00:26:01,960 Speaker 2: The match just quickly. You couldn't Dick Blast pounding the 494 00:26:02,000 --> 00:26:03,000 Speaker 2: stay Francisca. 495 00:26:03,040 --> 00:26:05,000 Speaker 13: It's so cold at the moment right now in New 496 00:26:05,080 --> 00:26:09,120 Speaker 13: York it is minus eight degrees celsius and it's lunchtime. Yeah, 497 00:26:09,119 --> 00:26:11,600 Speaker 13: it's cold, and it's particularly cold for some of these 498 00:26:11,640 --> 00:26:16,480 Speaker 13: states that aren't used to the caller weather places like Texas, Alabama, Georgia, 499 00:26:16,560 --> 00:26:19,640 Speaker 13: and Florida. More than one hundred and thirty thousand homes 500 00:26:19,680 --> 00:26:22,919 Speaker 13: in those states, as well as businesses, are without power 501 00:26:22,960 --> 00:26:25,439 Speaker 13: because it's freezing there as well. There is no escape. 502 00:26:25,640 --> 00:26:28,120 Speaker 13: The only warm weather, it seems, is where you are 503 00:26:28,160 --> 00:26:28,680 Speaker 13: back home. 504 00:26:29,400 --> 00:26:31,439 Speaker 2: Thank you so much much, nice to catch up with you. 505 00:26:31,520 --> 00:26:33,000 Speaker 2: That was Mitch McCann. 506 00:26:33,800 --> 00:26:36,120 Speaker 1: News Talk said b right. 507 00:26:36,200 --> 00:26:40,119 Speaker 2: Inflation has remained steady, increasing two point two percent in 508 00:26:40,160 --> 00:26:42,560 Speaker 2: the year to December, the same increase as the previous 509 00:26:42,600 --> 00:26:46,600 Speaker 2: September update. Quarterly inflation increased by point five percent. The 510 00:26:46,600 --> 00:26:50,359 Speaker 2: biggest driver was rent up four point two percent, accounting 511 00:26:50,400 --> 00:26:53,800 Speaker 2: for a fifth of the increase, followed by local authority 512 00:26:53,880 --> 00:26:57,080 Speaker 2: rates which are up twelve point two percent. Domestic non 513 00:26:57,160 --> 00:27:01,399 Speaker 2: tradable inflation increased by four point five percent, also driven 514 00:27:01,440 --> 00:27:03,320 Speaker 2: by rents. So a lot of numbers. What does it 515 00:27:03,359 --> 00:27:07,040 Speaker 2: all mean, we spect? Senior economist Satisa Renhood is with 516 00:27:07,200 --> 00:27:08,920 Speaker 2: me now. Thank you for your time this morning. 517 00:27:09,760 --> 00:27:10,760 Speaker 7: Good morning, Francesca. 518 00:27:11,040 --> 00:27:13,120 Speaker 2: Can you tell me what does the rise and non 519 00:27:13,200 --> 00:27:14,560 Speaker 2: tradable inflation mean. 520 00:27:15,680 --> 00:27:18,320 Speaker 7: What we've been seeing are some strong pressures in the 521 00:27:18,359 --> 00:27:21,080 Speaker 7: domestic economy. A lot of households have been feeling that. 522 00:27:21,520 --> 00:27:24,720 Speaker 7: The good news though, is that those pressures are coming off, 523 00:27:25,200 --> 00:27:28,879 Speaker 7: especially in areas like hospitality, and that means household should 524 00:27:28,920 --> 00:27:31,119 Speaker 7: like to see a little less pressure on their finances 525 00:27:31,160 --> 00:27:31,560 Speaker 7: this year. 526 00:27:31,840 --> 00:27:34,560 Speaker 2: Okay, so rent was a big driver of this increase. 527 00:27:34,680 --> 00:27:36,640 Speaker 2: Will we see that continue into the year? 528 00:27:37,600 --> 00:27:39,399 Speaker 7: I think we're likely to see a bit less pressure 529 00:27:39,400 --> 00:27:42,200 Speaker 7: on rents this year. We've seen population growth slow down 530 00:27:42,280 --> 00:27:44,800 Speaker 7: and big increase in the housings play over the past year, 531 00:27:45,000 --> 00:27:47,399 Speaker 7: and we're already hearing about reduced pressure on rents in 532 00:27:47,480 --> 00:27:50,080 Speaker 7: areas like Narrington, which often think big increases. 533 00:27:50,320 --> 00:27:54,040 Speaker 2: Okay, so we shouldn't be too concerned about rents rising 534 00:27:54,080 --> 00:27:55,160 Speaker 2: throughout twenty twenty five. 535 00:27:56,400 --> 00:27:58,560 Speaker 7: I think it's still a pretty important concern for a 536 00:27:58,600 --> 00:28:00,680 Speaker 7: lot of households. It's a big share of this spending, 537 00:28:00,840 --> 00:28:03,600 Speaker 7: but hopefully those increases that we see will be more 538 00:28:03,640 --> 00:28:04,840 Speaker 7: moderate over the coming year. 539 00:28:05,359 --> 00:28:08,040 Speaker 2: What else would households be thinking about heading into twenty 540 00:28:08,080 --> 00:28:11,040 Speaker 2: twenty five and what these numbers can tell us. 541 00:28:11,480 --> 00:28:14,360 Speaker 7: We've had a lot of pressure on households finances over 542 00:28:14,400 --> 00:28:17,280 Speaker 7: the last couple of years. That's been a big squeeze 543 00:28:17,280 --> 00:28:19,720 Speaker 7: on this spending. But what we're seeing now is a 544 00:28:19,880 --> 00:28:23,440 Speaker 7: much better contained inflation environment. It means that their paychecks 545 00:28:23,440 --> 00:28:25,320 Speaker 7: aren't going to be eroded at the same pace. This 546 00:28:25,359 --> 00:28:27,200 Speaker 7: will also be very important for the Reserve Bank. 547 00:28:28,080 --> 00:28:30,399 Speaker 2: Yes, so how does this impact a February o C 548 00:28:30,760 --> 00:28:31,240 Speaker 2: R cut? 549 00:28:32,240 --> 00:28:35,280 Speaker 7: With now that inflation that's very close to the RBS target, 550 00:28:35,480 --> 00:28:37,640 Speaker 7: the economy is still looking a bit soft. I think 551 00:28:37,680 --> 00:28:39,920 Speaker 7: put that together and it's a green light for another 552 00:28:40,080 --> 00:28:43,800 Speaker 7: big fifty basis point cut in February, and politely more 553 00:28:44,080 --> 00:28:45,280 Speaker 7: further rate cuts beyond that. 554 00:28:46,080 --> 00:28:48,720 Speaker 2: If we're looking further beyond that, what are you anticipating. 555 00:28:49,680 --> 00:28:52,120 Speaker 7: I think beyond February, we're likely to see probably a 556 00:28:52,160 --> 00:28:54,520 Speaker 7: twenty five basis point cut at each of the two 557 00:28:54,600 --> 00:28:57,760 Speaker 7: following meetings. That'll cash right down to three twenty five, 558 00:28:58,040 --> 00:28:59,760 Speaker 7: the lowest it's been in a long time. 559 00:29:00,160 --> 00:29:02,320 Speaker 2: So I suppose if you're if you're you've got a 560 00:29:02,400 --> 00:29:04,680 Speaker 2: mortgage out there, and maybe this year you've got a 561 00:29:04,760 --> 00:29:07,800 Speaker 2: chance to sort of refix that. Where would you seduce 562 00:29:07,880 --> 00:29:10,400 Speaker 2: that you kind of start thinking about that if you 563 00:29:10,440 --> 00:29:13,080 Speaker 2: wouldn't mind just you know, looking into your crystal ball 564 00:29:13,120 --> 00:29:13,760 Speaker 2: there citation. 565 00:29:14,240 --> 00:29:16,120 Speaker 7: I think it's a great time to re look at 566 00:29:16,120 --> 00:29:18,360 Speaker 7: where you're mortgage at that I can't say exactly what 567 00:29:18,400 --> 00:29:21,040 Speaker 7: a household could do, but we think the big drops 568 00:29:21,040 --> 00:29:23,040 Speaker 7: over the past year. So if you had fixed us 569 00:29:23,040 --> 00:29:25,320 Speaker 7: a one or two years a couple of years back, 570 00:29:25,600 --> 00:29:27,760 Speaker 7: you could see a mortgage rate that's now about one 571 00:29:27,840 --> 00:29:30,479 Speaker 7: hundred basis points world than when you look last fixed, 572 00:29:30,600 --> 00:29:32,920 Speaker 7: So that could be a big saving for your finances. 573 00:29:33,120 --> 00:29:34,880 Speaker 2: So when you look at all those inflation figures that 574 00:29:34,920 --> 00:29:39,520 Speaker 2: were released yesterday's Tish, how how are you feeling? How 575 00:29:39,600 --> 00:29:42,120 Speaker 2: positive are you feeling about twenty twenty five. 576 00:29:43,040 --> 00:29:45,480 Speaker 7: I think this is a really important and a really 577 00:29:45,520 --> 00:29:49,200 Speaker 7: positive development to the economic inflation that's contained me. We'll 578 00:29:49,240 --> 00:29:52,560 Speaker 7: see a less pressure on household's finances have really been 579 00:29:52,640 --> 00:29:55,200 Speaker 7: pressured over the last couple of years. But importantly the 580 00:29:55,480 --> 00:29:58,440 Speaker 7: related reduction and interest rate could put a lot of 581 00:29:58,480 --> 00:30:01,280 Speaker 7: money back in households back pock and that will also 582 00:30:01,320 --> 00:30:04,520 Speaker 7: be positive for economic birth and employment more broadly, as 583 00:30:04,520 --> 00:30:06,160 Speaker 7: we go through twenty twenty five, we. 584 00:30:06,120 --> 00:30:08,920 Speaker 2: Shall take that positivity. Satish, thank you very much for 585 00:30:08,960 --> 00:30:12,400 Speaker 2: your time this morning. That was Westpac senior economist Satish Ranchard. 586 00:30:12,840 --> 00:30:16,200 Speaker 2: It is eight to six. I just want to go 587 00:30:16,200 --> 00:30:18,120 Speaker 2: back to the text here. Thanks mis Francesca for a 588 00:30:18,200 --> 00:30:21,440 Speaker 2: raising awareness about the chateau and RuPay who area heads 589 00:30:21,480 --> 00:30:24,560 Speaker 2: need to be knocked together? Agree, The government really need 590 00:30:24,600 --> 00:30:27,440 Speaker 2: to solve the challenges you mentioned and bring opportunities for tourism, 591 00:30:27,560 --> 00:30:29,840 Speaker 2: jobs and prosperity back to the area so we can 592 00:30:29,920 --> 00:30:33,400 Speaker 2: enjoy our first national park. Yeah, and look, it's not 593 00:30:33,440 --> 00:30:36,080 Speaker 2: just this government. This has been the previous government as well, 594 00:30:36,120 --> 00:30:39,160 Speaker 2: made a total mess of sorting out the Skifield issue 595 00:30:39,200 --> 00:30:42,480 Speaker 2: as well. So I just really feel for that place. 596 00:30:42,480 --> 00:30:44,960 Speaker 2: It's just such a stunning part of the country and 597 00:30:45,000 --> 00:30:48,520 Speaker 2: it's been just very sad to see it slowly decline. 598 00:30:49,200 --> 00:30:51,360 Speaker 2: And I hate to use that word for the people 599 00:30:51,600 --> 00:30:54,120 Speaker 2: who live there and love it, but it would be 600 00:30:54,200 --> 00:30:57,960 Speaker 2: good to get some good news for the region. You're 601 00:30:57,960 --> 00:30:59,080 Speaker 2: with early addition. 602 00:31:00,360 --> 00:31:04,560 Speaker 1: Hard fags, hard opinions, Hard hitting news Talk said be 603 00:31:04,880 --> 00:31:08,600 Speaker 1: early edition with one roof make your property search symbol. 604 00:31:08,880 --> 00:31:09,680 Speaker 1: US Talk said, be. 605 00:31:10,840 --> 00:31:14,000 Speaker 2: Coming up at six is Ryan Bridge with my costing breakfast, 606 00:31:14,040 --> 00:31:14,880 Speaker 2: and he joins me, Now. 607 00:31:14,800 --> 00:31:15,800 Speaker 8: Good morning, good morning. 608 00:31:15,800 --> 00:31:17,600 Speaker 2: Would you like would you like a cupcake? 609 00:31:17,960 --> 00:31:18,880 Speaker 8: Ah? 610 00:31:19,000 --> 00:31:21,240 Speaker 2: Oh no, you're not. You're one of these people that doesn't. 611 00:31:21,520 --> 00:31:24,200 Speaker 8: Love a cupcake. Really do you know I got wage yesterday? 612 00:31:24,520 --> 00:31:24,800 Speaker 1: Why? 613 00:31:25,120 --> 00:31:28,680 Speaker 8: Well, would you go, Well, there's a dietician that we 614 00:31:28,880 --> 00:31:32,000 Speaker 8: that I go and see, and I came in at 615 00:31:32,000 --> 00:31:33,520 Speaker 8: one hundred and one kilos. 616 00:31:33,880 --> 00:31:36,920 Speaker 2: You don't look at one hundred and massive. 617 00:31:38,400 --> 00:31:40,960 Speaker 8: Tall man, No, I'm tall. But the structural integrity of 618 00:31:40,960 --> 00:31:43,360 Speaker 8: this cheer, I think is being challenged the longer I 619 00:31:43,400 --> 00:31:46,000 Speaker 8: sit on it. So now I won't have a cupcake, 620 00:31:46,040 --> 00:31:47,400 Speaker 8: but lovely offer. 621 00:31:47,480 --> 00:31:50,840 Speaker 2: No, that's all right. My daughter has spent the summer baking. 622 00:31:51,000 --> 00:31:53,280 Speaker 2: She just to pass the time. And we got to 623 00:31:53,320 --> 00:31:55,320 Speaker 2: the point where we're like, we can no long eat 624 00:31:55,360 --> 00:31:59,360 Speaker 2: the bacon, so we provide news talks. Be Yeah, they've 625 00:31:59,360 --> 00:32:00,320 Speaker 2: got a bit addictive to it. 626 00:32:00,360 --> 00:32:00,920 Speaker 8: They look great. 627 00:32:01,120 --> 00:32:02,800 Speaker 2: They too may need to weigh in shortly. 628 00:32:02,920 --> 00:32:04,960 Speaker 8: Hey, have you seen the front page of the Herald today? 629 00:32:05,840 --> 00:32:09,959 Speaker 8: It's quite a shocking story. So that that giant skyscraper, 630 00:32:10,040 --> 00:32:13,400 Speaker 8: the Seascape residential building, and this is in Custom Street, 631 00:32:13,400 --> 00:32:17,120 Speaker 8: Easter in Auckland. Massive how tall? Are two hundred and 632 00:32:17,120 --> 00:32:19,520 Speaker 8: twenty meters in the year there's a giant crane next 633 00:32:19,520 --> 00:32:24,120 Speaker 8: to it. Some teenager has scaled it, yes, and hung 634 00:32:24,280 --> 00:32:26,680 Speaker 8: from the top of it with one hand, with one 635 00:32:26,800 --> 00:32:30,680 Speaker 8: arm for TikTok likes. What on earth is wrong with 636 00:32:30,720 --> 00:32:31,360 Speaker 8: these kids? 637 00:32:31,600 --> 00:32:34,080 Speaker 2: I don't know, but you know, could we just get 638 00:32:34,160 --> 00:32:36,880 Speaker 2: the you know, why is this building being left well 639 00:32:36,920 --> 00:32:40,440 Speaker 2: open to the elements? You know there's a dispute I 640 00:32:40,480 --> 00:32:45,000 Speaker 2: believe between the builders and the subcontractors, and you know 641 00:32:45,040 --> 00:32:46,920 Speaker 2: it shouldn't be left there just I mean, it's not 642 00:32:46,960 --> 00:32:48,880 Speaker 2: good for the building to be open to the elements either. 643 00:32:48,920 --> 00:32:50,600 Speaker 2: It's not good for the integrity of the building. There's 644 00:32:50,600 --> 00:32:53,360 Speaker 2: a whole lot of issues. But you know that is horrific. 645 00:32:53,440 --> 00:32:56,520 Speaker 8: Hanging from a crane like a smart idea. No, I 646 00:32:56,520 --> 00:32:59,080 Speaker 8: certainly wouldn't be climbing a two hundred and twenty meter crane. No, 647 00:32:59,160 --> 00:33:01,160 Speaker 8: what are you going to talk about this morning? We're 648 00:33:01,200 --> 00:33:03,280 Speaker 8: doing Kiwi Bank, the Boss and Kiyi Bank. Obviously we've 649 00:33:03,280 --> 00:33:05,880 Speaker 8: had the inflation data out yesterday. It's flat. So when 650 00:33:05,920 --> 00:33:07,880 Speaker 8: are the bank's going to drop their rates? We'll ask 651 00:33:07,920 --> 00:33:10,720 Speaker 8: them after seven. Also, we're going to talk Trump. He's 652 00:33:10,720 --> 00:33:14,920 Speaker 8: now threatening Russia with tariffs because Russia's courses are at 653 00:33:14,920 --> 00:33:17,200 Speaker 8: war with Ukraine, and he says that war needs to 654 00:33:17,360 --> 00:33:18,920 Speaker 8: end and if it doesn't end, I'm going to slap 655 00:33:18,960 --> 00:33:21,920 Speaker 8: you with tariffs. So he's now threatening tariffs against big 656 00:33:21,960 --> 00:33:27,880 Speaker 8: tariffs against Russia, China, Canada, Mexico, and then smaller ones 657 00:33:28,200 --> 00:33:29,520 Speaker 8: against everybody else who. 658 00:33:29,400 --> 00:33:31,560 Speaker 2: Exist, South Korea and various other places. Do you think 659 00:33:31,600 --> 00:33:33,240 Speaker 2: that'll work with Trump? Do you think that sorry? 660 00:33:33,280 --> 00:33:38,240 Speaker 8: With Well, look, I think that part of the reason 661 00:33:38,360 --> 00:33:40,080 Speaker 8: that the Middle East has come to you know, there's 662 00:33:40,080 --> 00:33:43,680 Speaker 8: a ceasefire there is because Trump got the heavy language 663 00:33:43,720 --> 00:33:46,240 Speaker 8: out and forced them to do a deal and to 664 00:33:46,280 --> 00:33:48,880 Speaker 8: come to a peace agreement. So I think stranger things 665 00:33:48,880 --> 00:33:52,600 Speaker 8: have happened. Interesting. Zelenski has come out. He's at Davos 666 00:33:52,880 --> 00:33:56,480 Speaker 8: where all the the elite go. He says they would 667 00:33:56,480 --> 00:34:00,920 Speaker 8: need two hundred thousand Allied troops to man the border, 668 00:34:01,520 --> 00:34:03,600 Speaker 8: to man a piece steal. So if this does happen, 669 00:34:03,640 --> 00:34:05,400 Speaker 8: it's going to still mean a lot of military. 670 00:34:05,680 --> 00:34:07,680 Speaker 2: You go do a couple of quick squats before the show, 671 00:34:08,120 --> 00:34:11,080 Speaker 2: and we look forward to seeing you at just six. 672 00:34:11,160 --> 00:34:13,400 Speaker 2: Thanks for your company today, Take care. 673 00:34:17,680 --> 00:34:20,640 Speaker 1: For more from Early Edition with Ryan Bridge. Listen live 674 00:34:20,800 --> 00:34:23,799 Speaker 1: to News Talks it'd be from five am weekdays, or 675 00:34:23,840 --> 00:34:25,760 Speaker 1: follow the podcast on iHeartRadio.