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Speaker 1: The Huddle with New Zealand Southerby's International Realty, local and

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Speaker 1: global exposure like no other.

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Speaker 2: And on the Huddle today, Jack Tavin, Tim Wilson, gentlemen.

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Speaker 3: Hello, grieving. I didn't do my own internet, so I

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Speaker 3: hope you can hear.

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Speaker 2: Me a Jack, are you there? Jack is muted?

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Speaker 3: Oh no, you know what He's done his own Internet,

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Speaker 3: just like Peter wolf Camp.

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Speaker 2: Okay, it's the DIY plague. Okay, Jack, you have to

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Speaker 2: take yourself off mute mate. Good luck? Now, God, this

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Speaker 2: is like teams meetings gone terribly wrong.

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Speaker 4: How am I the millennial, the one struggling with it?

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Speaker 4: How it's better to leave oneself on mutant and to

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Speaker 4: leave oneself on speaker Well, the inadvertently sheer thoughts on

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Speaker 4: one's colleagues when it is very.

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Speaker 2: Good the other way around. We'll talking about the DIY later.

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Speaker 2: I was so tempting to talk about it right now

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Speaker 2: and to make fun of Jack, but we won't. But

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Speaker 2: here's the thing. We just talked to Aura, We talked

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Speaker 2: to Phil Thompson and the surveillance that is happening with

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Speaker 2: people in retail shops. Some people freak out about that

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Speaker 2: sort of thing. A little bit, are you, Tim Wilson concerned?

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Speaker 3: No, No, it seems like sort of speed cameras for shoplifters,

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Speaker 3: if you want to put it that way, and please

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Speaker 3: get to see see evidence of people nicking stuff. I

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Speaker 3: don't see that there's a problem here, you know, I'm

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Speaker 3: not even not even sure why why we're saying, oh,

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Speaker 3: there is a problem. I think a good discussion, good

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Speaker 3: interview you had with Phil Thompson about you know, the

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Speaker 3: constraints around at privacies. Obviously an issue as we're moving

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Speaker 3: towards you know, greatest surveillance. But I think what we're

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Speaker 3: doing here is connecting actions to consequences, which is a

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Speaker 3: good thing. If there are fewer consequences to actions than

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Speaker 3: our actions degreat.

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Speaker 2: What do you think, Jack, And by the way, I've

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Speaker 2: got a text from a fellow who said, oh boy,

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Speaker 2: I hate the idea of face recognition everywhere. I still

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Speaker 2: wear an m muety five mask outside all over the

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Speaker 2: place because of that. You know, so that there are

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Speaker 2: people's according.

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Speaker 4: To Rocks right apart the lester not to Yeah, okay, okay,

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Speaker 4: each to their own. Look, I have absolutely no problem

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Speaker 4: with the system. Obviously, retail crime is a major issue

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Speaker 4: having cameras operating in these big retail spaces. It's just

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Speaker 4: part of life in the twenty first century. And as

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Speaker 4: this comes as any great surprise, then you've had your

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Speaker 4: hid in the sands. As far as I'm concerned, I

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Speaker 4: think there are probably legitimate questions and appropriate scrutiny that

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Speaker 4: needs to come with those who are accessing the information.

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Speaker 4: And you know, in some instances, if they are police

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Speaker 4: who are deciding to pursue investigations when a complaint hasn't

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Speaker 4: been made, that sort of sort of thing sounds like

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Speaker 4: it might be putting things the wrong way around. But yeah,

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Speaker 4: by and large, I have absolutely no problem with it,

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Speaker 4: and I think, you know, if this is the sort

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Speaker 4: of thing that can help police get better data on

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Speaker 4: where we're seeing surges and retail crime, and where responses

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Speaker 4: to retail crime is more effective than other neighborhoods, then

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Speaker 4: that's great.

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Speaker 2: Very good. Thank you so much, so good that you

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Speaker 2: are a mutant. Will talk more in just a few

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Speaker 2: moments time with Tim Wilson and Jack tam We're going

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Speaker 2: to talk inflation. We're going to talk do you worry?

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Speaker 1: The huddle with New Zealand Southeby's International Realty Elevate the

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Speaker 1: Marketing of your Home.

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Speaker 2: It is thirteen to eight to Wilson and Jack Tamer

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Speaker 2: on the huddle. The big story of the day, of course,

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Speaker 2: the inflation. It's stayed stuck. It's at two point two percent,

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Speaker 2: but once again non treadable inflation on what they call

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Speaker 2: domestic inflation remains high, and that's insurance premiums and rents

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Speaker 2: and council rates, and they're still rising at a much

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Speaker 2: much higher rate and always have than average inflation. So gentlemen,

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Speaker 2: and I'll start with you, Jack Tame, what do you

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Speaker 2: make of the inflation figures? And you know, are we

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Speaker 2: really fixing ourselves up or are we still stuck at

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Speaker 2: a spiral?

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Speaker 4: Ah, it's frustrating. I mean they're not wildly higher than

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Speaker 4: what most endalysts we're picking, but obviously you always want

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Speaker 4: inflation to be on the lower side if you're hoping

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Speaker 4: the mortgage rates can be coming down a little bit faster.

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Speaker 4: I mean it's really interesting though, looking at those parts

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Speaker 4: that are proving stickier than others, right, insurance premiums, like

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Speaker 4: you say, local council rates. I mean, these things are

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Speaker 4: own going to get worse, and you know, part of

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Speaker 4: that as a result of not having properly invested in

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Speaker 4: some of our vital infrastructure over the decades. You know,

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Speaker 4: there's a reason that councils are trying to play catch

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Speaker 4: up when it comes to water infrastructure. At the moment,

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Speaker 4: they're obviously new regulations they've got to meet when they're

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Speaker 4: providing the three Waters at to New Zealanders going forward,

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Speaker 4: that's going to be pretty expensive. And insurance, I mean,

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Speaker 4: I hate to break it to you, but we're obviously

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Speaker 4: moving into a world where we're going to see more

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Speaker 4: and more extreme weather events, which means that actually insurance

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Speaker 4: premiums are only going to be headed in one direction.

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Speaker 4: And when it comes to inflation data, there are only

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Speaker 4: really two ways to look at this. Either we just

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Speaker 4: have to accept this is going to be a part

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Speaker 4: of inflation data going forward, which seems like the like list,

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Speaker 4: or there is an argument that you could strip it

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Speaker 4: out of the inflation measures when it comes to something

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Speaker 4: like the CPI, so that you can have a CPR

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Speaker 4: that doesn't actually take into account some of those some

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Speaker 4: of those measures and maybe gives us a lower rate.

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Speaker 4: But I mean, at the end of the day, it's

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Speaker 4: still costing us.

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Speaker 2: Yeah, why would you do that, because that's just ignoring reality.

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Speaker 2: This is all inflation in one way or another.

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Speaker 3: Ten Tim, Yeah, I guess it's I mean, I think

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Speaker 3: it's interesting, an interesting diagnostic, but it's sort of like,

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Speaker 3: you know, you're agreeable in inflation, you're disagreeable inflation if

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Speaker 3: you stripped it out. Look, I think this there's ways

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Speaker 3: that you can respond to this stuff, you know, on

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Speaker 3: a personal level, like insurance. Our car insurance went up

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Speaker 3: by twenty five percent last year. We just went we

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Speaker 3: found someone else to do it. So there are you know,

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Speaker 3: there are measures. Look at the inflation in Argentina, for example,

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Speaker 3: in twenty twenty three, it was two hundred and twenty

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Speaker 3: four percent. They got it down over the next thirteen months.

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Speaker 3: This this month that's one hundred and seventeen percent, which

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Speaker 3: is pretty significant. It's just very simple, don't borrow, don't

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Speaker 3: spend what you don't have, and increased productivity. That latter

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Speaker 3: part that productivity. That's a big question for our country

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Speaker 3: going forward.

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Speaker 2: Absolutely, absolutely, But you've got to remember there's a political

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Speaker 2: thing in this as well, because at the end of

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Speaker 2: the year, the Prime Minister and the finance minister were

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Speaker 2: hooping and haurrahring that look at this, we've actually tamed inflation.

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Speaker 2: And then today you get it out and the economist

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Speaker 2: are saying, well, look the dollar's goning down and the

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Speaker 2: oil is going up, and there's a whole lot of

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Speaker 2: overseas factors and yeah, inflation might accelerate. So it comes

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Speaker 2: to whether their credibility exists in terms of economic management,

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Speaker 2: and that they've said it's gone when it hasn't gone. Jack.

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Speaker 4: Yeah. I mean when it comes to the central government,

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Speaker 4: there are only so many levers any one government can pull,

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Speaker 4: and I mean I think I think you'd have to

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Speaker 4: say that this government has pulled a lot of the

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Speaker 4: levers that are available to it. I mean, whether or

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Speaker 4: not the tax cuts for inflationy or not maybe a

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Speaker 4: point of contention for some people, but I mean they've

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Speaker 4: certainly stripped back a lot of public spending to where

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Speaker 4: we were previously, which you would all would have a

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Speaker 4: de inflation of effect.

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Speaker 3: Yeah, although there are a bit austerity averse, aren't they.

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Speaker 3: I mean, to be fair, they've said austerity is not

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Speaker 3: going to work, and maybe maybe they need to incline.

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Speaker 4: More into growth. If growth is the goal, then then

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Speaker 4: austerity perhaps it isn't likely to work.

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Speaker 2: But at the end of the day, New Zealand is.

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Speaker 4: At the end of the road. We are just we

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Speaker 4: are very much in the in the backseat of the

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Speaker 4: bus in terms of global affairs. So you know, when

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Speaker 4: you go over a bump, we get thrown their just

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Speaker 4: a little bit higher than everyone else, which means you

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Speaker 4: are susceptible to things like energy prices and to be fair,

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Speaker 4: you know, and new administrations who are looking at.

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Speaker 2: Tariffs to be Fairtom Wilson as well, if we've had

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Speaker 2: austerity light it's fair to say the electric hasn't like

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Speaker 2: even that. So if we actually went his full ofcerity,

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Speaker 2: that's not good. If you actually lose a fall.

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Speaker 4: Terms of Argentina example, go and look at the copy

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Speaker 4: rates in Argentina over the last couple of years. True,

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Speaker 4: inflation is massively down compared to where it was, but

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Speaker 4: I think you'll find that unemployment is massively up.

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Speaker 3: I was trying to cheer us up. At least we

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Speaker 3: don't have one hundred and sevent inflation, So.

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Speaker 2: No, that's true, that's true. And also we don't have

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Speaker 2: a dead to equity ratio of two hundred and sixty

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Speaker 2: three percent late Japan. So there we go. There's is

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Speaker 2: a good pick me up. Let's talk about Let's talk

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Speaker 2: about DIY. Jack. I know you don't know how to

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Speaker 2: use a mute button, but I'd expect you to be

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Speaker 2: quite good at DIY since you're you're a keen tramper.

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Speaker 2: You're always tramping.

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Speaker 4: Do you know of the many things that I suck at?

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Speaker 4: There are a few. Maybe painting is the only thing

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Speaker 4: that I'm worse that than DIY or anything sort of

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Speaker 4: arts and crafty. That being said, Andrew, if you go

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Speaker 4: into your email right now, you'll be pleased to know

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Speaker 4: that I've been spending my afternoon off hanging a couple

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Speaker 4: of oak floating shelves. And the thing about your oat

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Speaker 4: shelf is it's a little bit heavier than others and

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Speaker 4: so when you're hanging it in plaster board, you need

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Speaker 4: to use those plaster board anchors, which can be very fidly.

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Speaker 4: And I think if you will go into your email,

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Speaker 4: you have a look at that photo and you should

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Speaker 4: be able to atteach will those.

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Speaker 2: Are at least excited.

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Speaker 4: They look gelatively.

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Speaker 3: Even jacka started speaking a foreign language can you translate

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Speaker 3: for me.

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Speaker 2: Well, he's using the hooks in the plastic board, but

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Speaker 2: he could have actually looked for some joye so he

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Speaker 2: actually got a more concrete fixture, but he hasn't he's

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Speaker 2: using tech man.

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Speaker 4: No, I've got an old house of the joys are

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Speaker 4: the wrong the wrong height.

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Speaker 2: There we go, so why I mean.

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Speaker 4: You can judge it my wife. My wife's opinion is

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Speaker 4: the one probably gonna matter. I have to call it

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Speaker 4: again tomorrow and say we've had we've had to go

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Speaker 4: for the higher Harby.

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Speaker 2: You know. Well, now we can all sit there and

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Speaker 2: say we are the older generation and what's wrong with

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Speaker 2: the younger generation, which every older generation has always said

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Speaker 2: about the younger generation? And Jack and Tim, I thank

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Speaker 2: you for your time today.

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