Couverture de Kerre Woodham Mornings Podcast

Kerre Woodham Mornings Podcast

Kerre Woodham Mornings Podcast

De : Newstalk ZB
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 Join Kerre Woodham one of New Zealand’s best loved personalities as she dishes up a bold, sharp and energetic show Monday to Friday 9am-12md on Newstalk ZB. News, opinion, analysis, lifestyle and entertainment – we’ve got your morning listening covered.2026 Newstalk ZB Politique et gouvernement Sciences politiques
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    • Kerre Woodham: Can you see the light at the end of the tunnel?

      Kerre Woodham: Can you see the light at the end of the tunnel?
      Feb 18 2026
      The Official Cash Rate has been left unchanged, 2.25%, expected by all the commentators, but perhaps less expected was a dovish view of the future. It was the new Reserve Bank Governor's, well she's not that new I suppose, the newish Reserve Bank Governor's first OCR review, having come on board at the end of '25. She is pretty optimistic about the economy. She said it will continue to recover, but she understands that many households are not feeling it yet. Must be rather annoying being told, no, everything's fine, everything's turning around, everything's great, while you're looking down the back of the couch for coins to get the kids' school lunches. But there are great numbers coming out of our primary industry sector and thank God for you. Just take a moment on your tractor, in your shed, on the motorbike, in the fields, just take a little moment to have a big deep breath and consider yourself congratulated and thanked. Kiwifruit, dairy, sheep, beef, yet again that sector, our primary industry sector, is doing the heavy lifting to keep the engine of the economy running. How many times? And we should point out, you were doing it with one hand and one leg tied behind your back for much of the past decade. So thank you again for keeping us going, producing stuff that the rest of the world wants. However, we can't depend on you, we shouldn't be as reliant upon you as we all are. Trends change, markets change, you know, all of a sudden, the world will decide that, oh I don't know, refined sugar is the way to go, not protein, and all of a sudden, the world will change. Unlikely to go for refined sugar, but you know what I mean. You're also vulnerable to climate, you know, a good season needs good weather. You're vulnerable to external markets. To a certain extent you are not the author of your own fortune, you are very dependent on outside and external sources. And if you're dependent on that, so too are we. We need to find other strands, other sectors to build up. You know, technology would be ideal and we've made some great marks in that, bioscience, fantastic, but not houses. Let's not look at an unproductive sector of the economy to provide us with wealth again. House prices have come back a little in the North Island, Auckland's average asking price is once again over a million dollars, and you should see the tat you get for that. That's up 9% from December. Tale of two islands: Christchurch, Queenstown, Otago, Southland, all seen significant increases in prices. But the “drop in value” has seen a drop in confidence. Reserve Bank's Paul Conway says the reduced prominence of the wealth effect from higher house prices is a risk to the economic recovery. It's a big change, he says, for the New Zealand economy to not have that increase in house prices as a kicker to aggregate demand. He says there may well have been structural changes in the housing market that means an increase in demand for housing no longer equates with higher house prices. And it's true, for a couple of decades Kiwi property owners have been living off the wealth of their main asset. There were astronomical rises in the value of homes around the country and people felt wealthy and spent like they were wealthy. A chronic undersupply of homes, high migration, low interest rates saw huge rises in the value of homes around the country and so people spent like they were rich. All of a sudden, a home became far more than a place you lived in, it was an asset with equity which you could use to springboard yourself into wealth, as so many of the ads that we ran on this station told you. People spent like drunken sailors and the economy boomed. Fast track to the post Covid slump and people have seen their house prices drop – in some horrible cases they owe more on their house than they can sell it for. And as Paul Conway says, there may well have been structural changes to the housing market. High prices for the essentials means there's less disposable income in households and if one of you has been made redundant, it has been a tough few years. We've lost our groove. But as Reserve Bank Governor Dr. Anne Bremen told Mike Hosking this morning, there's enormous potential in the New Zealand economy and there are reasons to be optimistic. “I think it's a great economy. I think New Zealanders are underestimating actually the potential going forward in the New Zealand economy. We're already seeing some sectors doing really well, agriculture, manufacturing is starting going, and I do expect this to broaden in this year. So I'm very positive. We actually think there's quite a lot of what we call spare capacity in the economy, so we think that the economy can grow at a higher pace without causing so much inflationary pressure because there is still high unemployment, firms can increase, you know, manufacturing without having, they're starting to invest actually, which is also really good to see. So we do think there is spare ...
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      9 min
    • Christopher Luxon: Prime Minister takes talkback, discusses infrastructure, housing intensification, polls

      Christopher Luxon: Prime Minister takes talkback, discusses infrastructure, housing intensification, polls
      Feb 18 2026

      The Government will today reveal its back down on controversial Auckland housing intensification plans amid fierce public criticism.

      New planning rules would currently allow another 2 million homes in Auckland.

      But last month the Government announced it'll water down the rules with an announcement expected this afternoon.

      Prime Minister Christopher Luxon told Kerre Woodham a balance needs to be struck.

      He says Auckland has to grow with affordable housing, but quite rightly some Aucklanders have said they don't want big buildings next to their homes.

      He’s also allaying concerns about a proposal for a $9 toll on Auckland's Harbour Bridge.

      The Infrastructure Commission recommended tolling the existing bridge, and second new crossing, to reduce construction costs on the Crown.

      But Luxon told Woodham it's only an idea.

      He says the Government hasn't decided whether it'll be a new bridge or a tunnel yet, and decisions on how to fund it will come later.

      He says tolls are the only way to pull forward the development of new roads, faster.

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      34 min
    • Kerre Woodham: We need to see more governance and less politicking

      Kerre Woodham: We need to see more governance and less politicking
      Feb 17 2026
      The National Infrastructure Plan was released yesterday, and it makes for grim reading. I don't think anyone expected good news, but nonetheless a cold hard dose of reality is always unwelcome, especially when you've been wilfully ignoring the obvious for years. The plan looks at 17 sectors covering central government, local authorities, and commercially regulated utilities, and lays out a 30 year outline looking at how New Zealand can improve the way it plans, funds, maintains, and delivers infrastructure. So far, so very grown up, but really this is something that should have been done 30 years ago because in a nutshell, we have a huge infrastructure deficit. We need hospitals, we need roads, we need bridges, we need alternatives, we need cycleways, we need sewage, we need water pipes, we need electricity, we need alternative electricity, huge infrastructure deficit across all of the sectors. But even if we had billions of dollars, which we don't, throwing money at the problem doesn't seem to be the only answer, because we are very, very poor at getting bang for our buck as was highlighted in the plan. Over the last 20 years, New Zealand has averaged spending about 5.8% of its GDP on infrastructure, which is one of the highest rates of spending in the OECD. Yet we rank near the bottom of the OECD in terms of efficiency of spend and we came fourth to last in terms of asset management. So we spend all this money, get very little for it, and then don't look after it when we have it. I mean look at Moa Point – it's a brilliant example of what happens when you do not spend money on the boring stuff like maintenance and upkeep. The whole country is basically a Moa Point waiting to happen. The plan recommended that 60 cents of every dollar of infrastructure spend should be allocated to renewals and maintenance. A key theme of the plan was that governments have tended to underfund maintenance. That funding's routinely deferred in favour of the “new and shiny”, to quote the authors of the plan. It's like looking at your house and thinking, God, that plumbing needs fixing, that pipe's looking a bit iffy, we really need to paint the house because those weatherboards are going to get rotten otherwise. Oh boring, let's take the kids to Fiji. That's pretty much what we've been doing as a country for far too long. And it's not just one government, it's successive governments, National and Labour, who have let us down. And they've let us down because we have let them let us down. We don't want to hear the news either. Voters are as much to blame as the governments because we don't want to hear the hard messages. The plan says we cannot afford to have everything we want and in fact need as a country and the infrastructure jobs that we do need to do will have to pay for beyond our general taxes. “The reality is asking people to pay for things is difficult and we've pushed the boat out quite a bit as a government on tolling and that's because ultimately roads have to be paid for. And we've tried to move the system towards more of a user pays model and we think that's fair. The original Harbour Bridge in Auckland was of course paid for with a toll and we've just signalled quite clearly that when you're dropping billions and billions of dollars, which is what the second harbour crossing will be, it will be the biggest infrastructure project ever built in New Zealand, that's a project where we do think it will end up being tolled because that's a fair way of paying for the project. “Here's the reality, roads and in fact all infrastructure has to be paid for. It has to be and you can use user charges for that through tolling or through petrol tax or a combination of both, which is essentially what we do. You can borrow for that, but of course that has to be paid for too. Money is not, despite what the Labour Party think, debt is not free. We already have a huge amount of debt that was built up during the Covid years that has to be repaid and we are desperately as a government getting the books back in order so that when the next shock comes along, the next Cyclone Gabrielle or whatever, we're in a position where we could actually deal with it. At the moment of course we're in a very vulnerable situation and the Treasury says we've got to keep the debt levels under control, otherwise our international borrowing costs will go up and then everybody's interest rates will go up and then you're in banana republic territory. Then you can't even meet the debt repayments on what you've already borrowed.” That was Minister for Infrastructure Chris Bishop talking to Mike Hosking this morning. So it's grim reading. As I say, successive governments are at fault and so are we voters. We want everything done for us and we want the government to pay for it. We don't want to pay more in tax though when we want the government to pay for it. We want all the benefits our great grandparents had in the 60s without being...
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      7 min
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