Warning of Worsening Pollen Allergies This Year   Experts are warning that the pollen allergy season may worsen this year due to the anticipated increase in pollen production caused by El Niño. Hay fever season, known for causing itching and nasal congestion in many New Zealanders, is expected to be more severe than usual. For…

New Zealand Youth Face Serious Debt Issues Due to ‘Buy Now, Pay Later(BNPL)’ System   Until recently, the ‘Buy Now, Pay Later’ (BNPL) system had managed to evade regulation in New Zealand. This was because it did not fall under the definition of debt, requiring a payment period of more than 8 weeks and interest…

Rapid Increase in Overseas Immigration Expected to Impact New Zealand’s Real Estate Market and Economy     According to Statistics New Zealand (Stats NZ), New Zealand has recorded its highest net immigration figure in a year, with 96,000 people arriving as of July. Net immigration refers to the number of people entering New Zealand minus…

Construction Report: Residential Sector Stagnates, Non-Residential Sector Thrives   In the quarter leading up to June, domestic construction activity showed a slight dip compared to the previous quarter. According to statistics released last week by the national statistical agency, seasonally adjusted construction activity for June amounted to $8.9 billion, marking a 0.1% decrease from the…