Westpac has decided to limit lending to houses that are in a flood plain or landslip risk area.

The bank says they don't plan on denying mortgage applications based on natural hazard risk, but they will restrict lending against the riskiest properties. 

Infometrics Principal Economist Brad Olsen told Ryan Bridge that this decision was a long time coming, and other banks will likely follow suit. 

"There's nothing to stop any of the other banks already starting to think about it, especially when everyone's looking at the data so much more"

LISTEN ABOVE

Westpac has decided to limit lending to houses that are in a flood plain or landslip risk area.
The bank says they don't plan on denying mortgage applications based on natural hazard risk, but they will restrict lending against the riskiest properties.&nbsp;
Infometrics Principal Economist Brad Olsen told Ryan Bridge that this decision was a long time coming, and other banks will likely follow suit.&nbsp;
"There's nothing to stop any of the other banks already starting to think about it, especially when everyone's looking at the data so much more"
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

Brad Olsen: Infometrics Principal Economist discusses Westpac limiting lending to houses in flood-risk areas

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/96699ec9-38a8-4aeb-9d8a-b4ff012e4ab0/transcript

Schools want a more tailored approach to managing roll growth, as fewer receive Government funding to cope.

Two thirds of applications for extra-ordinary roll-growth funding were approved over the past two years, down from 80% in 2022.

Post Primary Teachers Association Chris Abercrombie told Ryan Bridge that zoning means schools have to take every eligible child within the zone, which leads to unexpected roll growth. 

'I've heard of schools of 60, 70, 80 unknown students turning up on day one, and having to deal with that.'

LISTEN ABOVE

Schools want a more tailored approach to managing roll growth, as fewer receive Government funding to cope.
Two thirds of applications for extra-ordinary roll-growth funding were approved over the past two years, down from 80% in 2022.
Post Primary Teachers Association Chris Abercrombie told Ryan Bridge that zoning means schools have to take every eligible child within the zone, which leads to unexpected roll growth.&nbsp;
'I've heard of schools of 60, 70, 80 unknown students turning up on day one, and having to deal with that.'
LISTEN ABOVE

Chris Abercrombie: PPTA President questions Government response to supporting school roll growth

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5b002e58-02d5-4dae-ba47-b4ff012b4476/transcript

The country's 'buyers friendly' property market is expected to stick around, as more homes sell for less than their previous purchase price. 

Cotality NZ data shows resale losses reached almost 16-percent in the September quarter -- the highest level since the same time in 2012. 

Property Investors Federation Advocacy Manager Matt Ball shares his thoughts with Ryan Bridge. 

The country's 'buyers friendly' property market is expected to stick around, as more homes sell for less than their previous purchase price.&nbsp;
Cotality NZ data shows resale losses reached almost 16-percent in the September quarter -- the highest level since the same time in 2012.&nbsp;
Property Investors Federation Advocacy Manager Matt Ball shares his thoughts with Ryan Bridge.&nbsp;

Matt Ball: Property Investors Federation Advocacy Manager on property resale losses hit the highest level in 14 years

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/47a8f425-09e0-4415-8c6c-b4ff011d34d6/transcript

People keep asking what is taking so damn long with the vote counting. 

There are fewer specials to count this time round - the were expecting around 700k but only got 400k. 

The problem is they need to send all the votes from people who voted outside their electorate back to that electorate for counting. 

Some of those votes will have come from overseas.

They also recount all the votes they already counted on election day. 

It's the equivalent of a builder's measuring twice and cutting once. 

But it does mean for three weeks the country's governing arrangements are completely up in air. 

It's like watching a game of cricket and trying to work out who's winning. 

Impossible stuff. 

Still, it's better we're certain of the final result than question. 

You'd rather three weeks and a number you can trust than two weeks and a number you don't. 

People keep asking what is taking so damn long with the vote counting.&nbsp;
There are fewer specials to count this time round - the were expecting around 700k but only got 400k.&nbsp;
The problem is they need to send all the votes from people who voted outside their electorate back to that electorate for counting.&nbsp;
Some of those votes will have come from overseas.
They also recount all the votes they already counted on election day.&nbsp;
It's the equivalent of a builder's measuring twice and cutting once.&nbsp;
But it does mean for three weeks the country's governing arrangements are completely up in air.&nbsp;
It's like watching a game of cricket and trying to work out who's winning.&nbsp;
Impossible stuff.&nbsp;
Still, it's better we're certain of the final result than question.&nbsp;
You'd rather three weeks and a number you can trust than two weeks and a number you don't.&nbsp;

Ryan Bridge: Why the vote count takes so long

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0811bf4b-2602-4fea-b900-b4ff011c3e72/transcript

Brad Olsen: Infometrics Principal Economist discusses Westpac limiting lending to houses in flood-risk areas

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