Kerre Woodham Mornings Podcast

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.

  1. 8H AGO

    Kerre Woodham: Can you see the light at the end of the tunnel?

    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 capacity. And I know people, there is a lot of good potential in this economy. People should be a bit more optimistic.”  There you go. So many people are telling us to be optimistic. We must be optimistic. We're all going to be optimistic, we're going to stay after class until we're all optimistic. Okay, I mean, a little bit hard when you've got the, you know, the infrastructure plan coming out yesterday which said that pretty much we need so much and we can't afford it. But there is room to grow in the economy as Dr. Bremen said, and as people know. But if you're not feeling it, you're not going to be spending.   Back in the day when we were using our houses as ATMs, I mean I was one of them, we bought a house in Grey Lynn because it was the only place we could afford. I think it was about $250,000 —might have been closer to $300,000— which seemed a fortune at the time, but then the house price just went up and up and up so you could afford to do the renos. We could take it from an uninsulated place where the floorboards were open to the bare dirt floor underneath, as it had been since 1890. You could do the renos, you could do the landscaping of the garden, you were spending and New Zealand businesses were the ones who benefited from that.   So if you're not doing that, where are the sustainable businesses going to get their work? If people don't feel confident enough about improving their homes or, you know, using the money that they've built up in their homes, how do you replace that quite significant chunk of money go round? Do you feel confident? Do you feel optimistic? Can you see light at the end of the tunnel?  See omnystudio.com/listener for privacy information.

    9 min
  2. 1D AGO

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

    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 willing to pay the sort of tax they were paying in the 60s. We have to wake up and be willing to vote for governments that are going to make tough decisions. And to help us do that, National and Labour need to join forces, get together and agree on the tough stuff. That the age of universal Super needs to go up, allowing for people to collect less early, sure, when you've got the tough jobs, but you know, we can dither around this but ultimately that's what needs to happen. We need to agree on an infrastructure program that will involve maintenance and building and won't be subject to the whims of politics. We're going to need to see more governance, less politicking. We need that to start this election, otherwise the main parties will be fighting it out to govern a country that isn't worth living in.  See omnystudio.com/listener for privacy information.

    7 min
  3. 2D AGO

    Kerre Woodham: Does the End of Life Act need amending?

    Act MP Todd Stephenson has been looking to improve and extend the End of Life Bill since around August of last year. His new bill, for which he's seeking support across the House or has his fingers crossed it'll be drawn from the ballot, would incorporate every single recommendation made by the Ministry of Health's review into the End of Life Choice Act. He wants to restore the original intent of David Seymour's earlier member's bill by addressing what he calls the overly restrictive six-month prognosis requirement.   So along with the recommendations, he wants to see the End of Life Bill extended. He says the narrow threshold has excluded people with terminal diagnoses who are suffering intolerably despite being in an irreversible decline. They are not going to get better. It's just going to take them a very long time to die. His new and improved bill would replace the arbitrary cutoff at six months with a test that reflects what he calls medical reality, recognising that death doesn't always follow a calendar.   The review into the Act, which was released at the end of 2024 found that the Act was working pretty much as it was intended. More than 2,400 people had requested an assisted death at the time of the review. More than 970 had received an assisted death since the Act came into force on the 7th of November in 2021. There were some minor tweaks that could be made and those would be incorporated into Todd Stephenson's bill, but overall, the review found that the bill was achieving its primary purpose.   However, a report out today from Alex Penk, who is the CEO of Ethos, a registered charity that offers advice, advocacy and education to promote the rights of conscience, religion and belief, says the law already goes too far and certainly does not need to be extended. The report, Penk's report, says assisted dying is already highly controversial. He says most doctors don't want to be involved. I can certainly believe that some doctors would not want to be involved, but I'd be interested to know if that is in fact correct. There would be a range of views across the medical profession when it comes to assisted dying, just as there is in the general population. I can understand some who would not want a bar of it and some who would be happy and see it as a as a generous service.   Penk says the bill would introduce euthanasia for long term conditions and disabilities like chronic heart conditions, frailty, diabetes, renal failure, multiple sclerosis and motor neurone disease. He says this would force doctors and care facilities into more conscience conflicts. He says doctors have to use ethical judgment all the time, but the bill sends a message they're just supposed to do what the State tells them and there'll be a real risk it'll force ethically minded people out of medicine. I cannot see it as the State dictating. How is the State dictating? The State has put a framework in place to ensure that it's only the person who wants assisted dying who can make that request. They have to go through hoops before they can be granted that request. It's not automatic. There are really strict criteria and doctors don't have to administer end of life injections or however it is they do it – I'm assuming it's injections. They don't have to perform the act that would take a life. They can say, No, I don't believe in it. I would rather save a life than end it. Not for me. I'll give you the name of a doctor who does believe in it."   So how is the State dictating? It's not telling doctors they must kill their patients. It's not telling people they must die if they have a long-term degenerative disease. As far as I'm aware, it's about a person's choice. And on the ethics side of thing, why is it ethical to keep a person alive when they don't want to be, but they don't fit that six-month criteria? Alex Penk is perfectly within his rights to choose not to take an early exit. Doctors are perfectly within their rights to say they'd rather save lives than end them. And I want to continue to have the right and have it improved to be able to call it quits when there is no longer any value for me to be here.  See omnystudio.com/listener for privacy information.

    5 min
  4. 3D AGO

    Kerre Woodham: Can locals put up with the extra noise from Eden Park?

    We thought we'd start with Eden Park given that the number of concerts allowed annually at the Auckland stadium will almost triple. Prime Minister Christopher Luxon, Auckland Mayor Wayne Brown, and Nick Sautner, CEO of Eden Park, among others, confirmed the details of a State of Origin fixture at a press conference at Eden Park this morning, along with the news that Eden Park will host up to 12 large concerts, 20 medium sized concerts per year on any day without having to go through the hoops of resource consent. At the moment, they can host 12 concerts and they can't be from more than six different artists or acts. So Ed Sheeran does two nights or the Hot Wheels does two days, but it can only be six artists or acts. Nighttime sport will also be allowed on any day including Sundays as long as the games finish by 10 30 And the first State of Origin match outside Australia in 40 years. That must have taken some negotiating. It is a lot and it's very exciting for Auckland and indeed for New Zealand. It's expected the State of O will attract more than 10,000 international visitors from Australia and when they come, they spend. The changes to Eden Park's rules and settings follow an investigation into whether the current rules for the park as set down under the Auckland Unitary Plan are limiting economic growth. And Chris Bishop said the investigation had found that, well, yes indeed, the rules are overly restrictive, out of step with modern stadium use, and are directly constraining economic activity. Eden Park CEO Nick Sautner says Eden Park has shown it's more than capable of hosting big events and he's pleased the government's giving them the opportunity to make the most of the stadium. This weekend we've got the Edinburgh Tattoo. The Premier of Queensland came out yesterday and said $39 million of economic benefit. Jehovah's Witness delivered 3.5 million visitors to Auckland and New Zealand. So we are a strategic asset for New Zealand and a community asset for Auckland. I do want to acknowledge the community. We have over 97% support. This has been about engaging with the community, transparency, and also careful event management. Yes, so you can understand why he's excited. You can understand why a lot of promoters, festival goers, sports fans are excited. But I do feel for the residents who bought their homes in the area knowing what the rules were at the time they bought the houses. Now they have seen the rules change. But so many people around the country have seen their neighbourhoods change around them. They are not isolated in this. People who bought a home with a lovely house next door, one careful set of neighbours, all of a sudden it's a great big housing development and where there was one house there are now 12 That is a big change for a neighbourhood. Nothing stays the same. It makes absolutely no sense to have a stadium that is only used a few times a year. And I'd go further and say it's immoral to have that amount of land, prime land in the inner city, being underutilised. If you are not going to use it as a stadium, then have the trust give it over to the government and build a Kāinga Ora housing development, put more people into homes in a prime position next to work, near play. You can't have a stadium sitting there doing nothing. That makes no sense at all. And if you've got a motivated trust and a motivated CEO that wants to do as much as they possibly can, and they have contorted themselves trying to come up with different ways to make use of the stadium. Art in the Park, beautiful event, not a traditional use for a sports stadium, but a successful one. There are so many ways to use the stadium. I accept that there will be much more disruption for those who have bought there, and for those who bought when the rules were what they were, I can understand why you'd be a bit grumpy. Nick says 97% of the community's on board, which is a pretty good stat if that is so. You can't hold back that kind of economic growth, that kind of success, that kind of feel good atmosphere because 3% of the neighbourhood's grumpy and doesn't want to share. I'd love to hear your thoughts on this. If your neighbourhood has changed and the rules have changed around you, can you understand the concerns that a few of the residents might have? For those who live in and around the area, is it going to be a win for you if you're a business? If you're a resident, can you put up with it for the sake of the wider good? LISTEN ABOVE See omnystudio.com/listener for privacy information.

    6 min
  5. 6D AGO

    Kerre Woodham: Are you willing to see a rise in rates to clean up our waterways?

    I've been saying every morning to Helen, God, would you look at what's happening in Wellington? Look at what has oh! Like one of those people, usually men, watching the television going, look what she's wearing, come here and have a look at this. Have a look at that. God. Oh, but I'm like that about the waste going into the ocean off Wellington. That's far more important than what a reporter may or may not be wearing. It is hard to comprehend the sheer amount of waste being pumped into Wellington's ocean right now. Who knew humans could produce so much? What does 70 million litres of waste per day look like? Helpfully, the Spinoff broke it down. Moa Point, the writer writes, is sharting out 28 Olympic pools of pure uncut human waste every 24 hours and will be doing so for months. If you want to have an Auckland analogy, the total tank capacity at Kelly Tarlton's Aquarium is 18 million litres. Moa Point is divesting itself of nearly four Kelly Tarltons worth of poos, wees, toilet paper every single day. Cool. You get the picture. Thank you Spinoff. It's an absolute disgrace. And yet really, Auckland can't talk. Every time it rains our beaches are closed. You know, where you hear the sound of rain on the roof, you used to think, oh, how lovely and relaxing. Now I think landslips and I think beach closures. Every year the joy of summer's blighted by beach closures. I mean, we do have help on the way. Helen and I have walked the poo tunnel and that was amazing to see and that's going to be open at the end of the year. But even then they said they're not going to be able to prevent all beach closures. They're not going to be able to say hand on heart it will never happen again because nature does what nature does and if there's an absolute torrent and a deluge they won't be able to cope even with that enormous pipe, but it will certainly mitigate a lot of the damage done. So there has been chronic underinvestment in our infrastructure around the country for decades, but nowhere is it more exemplified than Wellington. On the 27 th of May 2021 remember those times, Wellington City Council's long term plan committee faced a fork in the road. Officers presented councillors with water investment options, including one, water option three, that contained a $391 million wastewater renewals programme. It was designed to reduce sewage pollution, starting with the central city and South Coast catchments that are now making headlines. At the same meeting, officers recommended cycleways option three, a staged programme set out in the consultation document presented to councillors. This is from Peter Bassett in the blog Breaking Views. And as he writes, what happened next is the hinge moment of Wellington's current disgrace. An amendment was moved by then councillor, now MP, Tamatha Paul, seconded by Jill Day, now Labour Party president, to adopt cycleways option four, expanding the programme to 226 million over 10 years compared with 120 million under option three. That amendment passed. Accelerated wastewater renewal did not. Simon Woolf was one of the councillors who voted against cycleways over water. There's been no cognisance of reprioritising. It's just gone down an ideological line. The city's going to suffer for years and years on the back of this underinvestment. Which is putting it mildly. He's ropable. He and the other councillors who voted against it. They could see what was happening. They knew it was imperative and it wasn't one or the other, it was a matter of priority. You could say sure, let's do cycleways, but shall we sort out the wastewater first because that is that's verging on catastrophic. No. No, let's go with the cycleways and what's more, let's spend more money on the cycleways than was recommended and let's not do the wastewater. It'll be fine. Just hold on. It's not fine. It couldn't hold on. To be fair, the previous Labour government understood that the country's infrastructure for the most part is in crisis, hence Three Waters. But yet again they were let down by their own execution of a plan to revitalise New Zealand's waterways. They failed to get the public behind Three Waters. National has come up with its own plan. Three Waters has become Affordable Water Done Well and there seems to be a growing understanding that we just can't kick the can down the road. All councils around the country are going to have to bite the bullet. Some have done, only a few, some have done so. Are you willing to see a rise in rates to clean up our waterways? Do you understand the urgency? Does Wellington's infrastructure crisis underline the urgency and the need to undertake the water reforms? And if we have to pay more in our rates, so be it. LISTEN ABOVE See omnystudio.com/listener for privacy information.

    6 min

About

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.

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