Weekly Digest – 22 June 2022

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.

Housing market to get worse for some, remain steady for others

A new Westpac forecast predicts that Auckland, Wellington, and Manawatū will bear the brunt of the housing market downturn. Other areas are expected to fare better.

NZX follows Wall Street and European markets down

Though NZ markets are down, there is some optimism as they are not as bad as others around the world. Declining stocks outnumbered the gains by nearly three to one, but the fact that some are gaining is good news.

Price of staple items varies widely among supermarkets

The cost of living crisis is hitting all of us hard. With food prices rising, Newshub investigated which of the three supermarket chains have the cheapest pantry staples.

New Zealand is officially open for winter tourism business

Prime Minister Jacinda Ardern declared New Zealand open for winter visitors from atop a Queenstown ski field on Saturday, following the biggest early season snowfall in decades.

The perks of a supermarket loyalty card (or lack thereof) explained

More than 2.6 million New Zealanders hold a supermarket loyalty card, but is it even worth the space it takes up in your wallet?

Housing market continues to cool

House prices are falling and sales are slowing down, according to the latest data and insights from REINZ. Tighter credit conditions, higher mortgage rates and increased housing supply are impacting the market.

GDP figures not worrying, but other factors might be

The most recent GDP figures revealing negative growth in the first quarter of 2022 don’t worry economists, but they do warn that a “nasty cocktail” of factors may hurt the economy in the coming months.

New drinking water supplier regulations too expensive for some

In December, the Government released a draft version of proposed new quality assurance rules for all drinking water suppliers. However, some say following the new rules is too expensive.

Frozen saves the consumer money, but hurts farmers

With the cost of fresh produce up by 10%, many people are understandably turning to frozen vegetables. However, as New Zealand doesn’t produce frozen vegetables, some fear that smaller farms may be forced to close.

Man leaves nearly $4 million to health services

Desmond Schollum was known to family and friends as a very frugal man who rarely shopped for himself. He surprised everyone by leaving a fortune to Auckland health services when he died.

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