ALIVE AND PUMPING..
The pulse of Rotorua business is picking up pace, recent findings suggest Page 4
Through award winning efforts, Mount Maunganui’s SYOS Aerospace is raising the bar Page 14 NEW APPOINTMENTS
Local businesses are backing new blood in top leadership roles Page 12
Investment specialists share their views about the 2025 investment landscape and explain why their offerings may best suit those investors looking to build wealth. Pages 7-10
THIRD ANNUAL EDITION
> By DAVID PORTER
The National-led coalition government has delivered a budget clearly geared towards the business sector.
Inevitably, Finance Minister Nicola Willis’ second annual budget has drawn complaints and disapproval from the oppo-
sition. However, as veteran business journalist, Fran O’Sullivan, said in the NZ Herald, the budget could be summed up as: “pragmatic, ruthless and generous.”
At this point in the electoral cycle, the governing coalition has little need to take any notice of opposition complaints and it has largely ignored them.
Perhaps the most significant point, though one often overlooked, is that New Zealand remains a small, isolated country with a relatively low base of taxpayers.
Inevitably, this forces any responsible finance minister to cut budget aspirations to reflect these realities.
Former National Party and Tauranga MP, Todd Muller, singled out the budget’s 20 per cent write-off for businesses buying new premises (for example) as being one of its most significant aspects. > Continuedonpage3
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Muller is also the independent chair of Bay of Plenty-based economic development group, Priority One.
Noting that this rebate comes on top of several other business-friendly moves, Muller described the 20 percent as “quite extraordinary.” When governments try to make structural adjustments or incentives, it always seems a bit too little, but that was not the case this time, he said.
“If you’re a business person, whether [it’s] a large business or a small business, this is helpful,” said Muller. “If you think of the kiwifruit industry [producers] in particular, they have significant assets, they’re an asset-heavy industry with more investment being required to support the growth of the industry.
“Now, they’re going to get real tax benefits by investing in new kit and I think that’s going to be welcomed, frankly. And, hopefully for the businesses that are considering when to start investing, that will bring it forward a bit.”
Matt Cowley, chief executive of the Tauranga Business Chamber, noted that the government faced a tough challenge in stimulating the economy while reducing tax revenue and limited borrowing
capacity.
Businesses had largely been neglected since the initial Covid19 lockdowns, Cowley said, adding that it is encouraging to see the government incentivising businesses to invest in their operations, alongside a significant public infrastructure programme. With a legislative agenda reducing regulatory hurdles and the Reserve Bank lowering borrowing costs, businesses should anticipate a warming economy later this year, he said.
The Covid shock to the economy has now passed, but it has left behind a degree of anxiety and continuing deficits for responsible governments to deal with.
By contrast, successive Labourled governments have tended to extend welfare credits to a level some regard as untenable.
When Willis found $12.8 billion in the budget by, essentially, closing the pay equity door aimed at balancing gender disparities in pay, the decision was greeted with horror by the opposition.
Willis argued that the proposed pay equity settlement wasn’t working as equably as it was intended and opted to redistribute the funds elsewhere.
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Labour leader, Chris Hipkins, argued that the reversal of 33 pay equity claims – netting the government $12.8 billion – was: “unacceptable and Labour will not stop fighting until pay equity is restored and respected.”
As many on the right see it, Labour’s approach is flawed. Muller said that people trying to build businesses, and jobs in the process, are labelled as: “the class enemy, and that somehow [this is] going to create a future for a country of 5.3 million people – it’s just bizarre.
All this expectation around future investment in health, education, defence and roads, and we’re asking the same few million taxpayers to do it?”
New Zealand’s balance sheet is under pressure, Muller said.
“If you are committed to tax the wealth-creators any more, then the only way that you can recover is to look at the areas where you are spending more and try and peal it back a little bit.”
The impact of the budget remains to be seen, as Cowley added:
“While I give the budget a pass mark, all eyes will be on next year’s budget to assess whether this coalition government has achieved its goals ahead of the next general election.”
Featuring some of New Zealand’s most successful business leaders, the Business Women’s Speaker Series is expected to help Bay businesses boom. The event is hosted by Tauranga Business Chamber’s Business Women’s Network (BWN).
“This is the most ambitious and exciting speaker series we’ve ever delivered,” the chamber’s Carrie Brown says. “These women are not only leaders in their fields, they’re change-makers on the national and global stage. It’s an opportunity for our region to heard directly from voices that are shaping Aotearoa’s future.”
To be held at Tauranga’s Baycourt Theatre on June 25 the series is open to women from all industries seeking inspiration, connection and personal and professional growth, Carrie says.
This year’s line-up features:
• Robyn Malcolm, Kiwi icon, award-winning actor and industry advocate
• Toni Street, Coast FM morning show co-host, broadcaster, and author
• Kiri Nathan, fashion designer and cultural entrepreneur
• Cassie Roma, business powerhouse, international speaker and global brand strategist
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In case you missed last month’s edition
For anyone wondering what impacts accelerating climate change will have on the lives of our children, there are plenty of examples around the world.
One of the most popular tourist destinations in the USA, Florida is becoming increasingly hotter. Amazingly, this doesn’t seem to have yet dimmed tourists’ enthusiasm for the sunshine state, although complaints from residents are rising with the temperatures.
According to a Salon magazine report, specialists warned of a climate driven catastrophe in Florida back in 2001. Now, reports Salon, warnings read less like forecasts and more like headlines.
Warnings relate to a rise of sea levels and temperatures, damage to the Everglades, coral reefs, beaches and coastal ecosystems, lower yields of crops (such as sugarcane, tomatoes, and citrus fruits) and increased risk of wildfires to forests, other natural areas and homes.
Unsurprisingly, there’s
also increased risk of heatstroke, especially among senior citizens.
I believe global warming is an established fact that is, increasingly going to impact segments of the world’s population in the coming decades.
Those who favour a taste of what their world may look like a few years down the line may wish to visit Pakistan, which recently hit the headlines due to stratospherically rising temperatures.
As Pakistan and India (which share a border) are part of South Asia, some might argue that rising heat is to be expected in that area. Nonetheless, news of soaring temperatures in the region is disturbing.
In June 2024, newspapers in India reported the longest heatwave in Delhi in 74 years, which led to hundreds of people dying or becoming sick. Temperatures reached a blistering 48 degrees Celsius in northern India.
Pakistan’s highest temperature of 53.8°C was recorded in the provinces of Balochistan and Sindh, on May 28, 2017 and May 26, 2010 respectively. Soaring temperatures might top that record soon enough.
As we face the reality of climate change, we need to consider that scientists estimate the ocean produces roughly half of the oxygen we breathe on land and it is the largest carbon sink on Earth. It also absorbs approximately 30 per cent of all carbon dioxide emissions from humans.
The ocean has, effectively, put the brakes on, slowing the full extent of climate change. Its deepest parts (the deep sea) cover so much of the ocean’s global volume that they play a major role in reducing the effects of global heating.
According to a Salon magazine report, as CO2 emissions increase it acidifies the ocean, making it less hospitable for life. This is especially alarming considering the ocean covers 71% of the
Earth’s surface. Even more disturbing, US president Donald Trump has issued an executive order promoting deep sea mining, currently prohibited under international law. Industry is beginning to eye up mineral nodules on the ocean floor to extract the raw materials needed for making various things including electric car batteries. We can only register concern at the ultimate impact this mining could have on the lives of everyone sharing this Earth.
Local business leaders are calling for greater collaboration, in partnership with key stakeholders and central government, in order to continue building Rotorua’s reputation as a business hub. Despite this call for more, the latest biannual Rotorua Business Pulse Survey reveals a return of optimism.
More than 40 per cent of respondents in the Rotorua Business Pulse Survey noted a continued recovery of international tourism, while 42% said they feel more positive about Rotorua’s tourism and events sector for the year ahead.
These findings highlight a business community that is resilient, forward-focused and ready to embrace change, RotoruaNZ chief executive, Andrew Wilson, says.
“Sentiment has lifted over the past 12 months, both for business and for leaders’ outlooks across the country. These are significant results for Rotorua, confirming that things are on the right track locally.”
Some hard mahi appears to be paying off, he explains.
“A great deal of work has been done over the past three years, and we are seeing the positive impact of that collective effort.
There are obviously still some challenges, but it’s encouraging to see growing optimism, strong confidence in business strategy, and an appetite for innovation. These results reflect a city that’s finding its feet again and building momentum.”
Undertaken twice-yearly by RotoruaNZ and the Rotorua Business Chamber, the Pulse Survey (effectively) aims to provide a health check for the local business sector.
Rotorua Business Chamber CEO, Melanie Short, says she is encouraged by the latest results and supports the need for a collaborative approach to sustainable growth.
“One in five respondents highlighted the strength of Rotorua’s collaborative business community, reinforcing what we all know to be true about our city, that it’s a great place to live, work and play,” she says.
“These business sentiments
are important as we head into local government elections this year. Together, we can build on everything that already works for us, and create an innovative, exciting future for everyone in our community and for future generations.”
Positive progress has been made, Rotorua mayor, Tania Tapsell, confirms.
“I’m excited to have $9.9 million of funding committed to improve our inner city over the next few years, as well as finishing and reopening the Rotorua Museum.
“It’s competitive out there so we’ve really gone above and beyond to get exposure and promotion to key domestic and international visitors. I teamed
up with RotoruaNZ and local tourism businesses to promote Rotorua as a top destination to visit – it’s so great to see positive results coming through from this work already.”
While she says more improvements are needed, local businesses have come a long way.
“Rotorua has an exciting future ahead of us, investing in what matters to our community and encouraging private investment to really lift our district.
“Thank you to all our local businesses who have taken part in this survey. It helps us to focus on what’s important and fix what is not working to ensure we’re delivering a better Rotorua for all.”
• Sentiment over the past 12 months has lifted, with net confidence scores for Rotorua increasing from -29% to -11%, and for the whole of Aotearoa New Zealand rising from -42% to -28%
• Positive sentiment sits at +41% for respondents’ own businesses, alongside increased confidence in profitability, supported by stronger views on pricing and affordability
• Respondents were most confident in their own business strategy (28%) and organisational culture (25%)
Visit www.rotoruanz.com for more findings from the latest survey.
Amidst all the recent rumblings in the world’s major economies, I thought I might change things up a bit and use this month’s column to provide my insights on the current situation and how it might play out. There are opportunities amongst the turmoil.
At the heart of the ongoing issues are the Trump administration’s on-again off-again tariff policies. These have caused uncertainty and volatility on bond and share markets across the globe, characterised by significant market swings on an, almost, daily basis.
For many individual investors, this signals worrying times, but the fundamentals of most major local and international companies have not changed dramatically. In fact, it creates potential for those willing to invest for the long term, based on the Warren
Buffett observation that the best deals can be made when people are at their most pessimistic.
How president Trump’s efforts to change the world economic order affect us locally has still to be determined. As with many other countries, New Zealand has been working hard to get rid of tariffs but they’re back and they have been weaponised as a way to generate income from the biggest exporters into the US.
This is despite an underlying aim to address trade imbalances and allow income tax for US citizens and companies to be significantly reduced or even eliminated.
There seems to be little faith amongst international economists that this approach is likely to succeed and the rejection of ‘Trumpist’ ideology evident in the recent Canadian and Australian elections. Together with the
withdrawal, or watering down, of tariffs relating to a wide range of goods and countries, this may well signal more changes and uncertainty to come. And, as we all know, bond and share markets hate uncertainty.
Whether Trump sticks to tariffs or not, the best thing we can do for markets is make a decision and create certainty by sticking to it. From a New Zealand perspective, most of our trade with the US is commodity based and it’s not unusual to get quite large shifts in commodity values.
In that context, a 10 per cent tariff is probably not a ‘killer’ for most exporters to the US and we are on equal or better footing than all of our competitors. I’m, therefore, bullish about our ability to ride out this particular storm relatively unscathed.
I’m also bullish about ‘NZ Inc’. As interest rates go down we tend
If you’re planning a conference, corporate seminar, team workshop, or business meeting, The Historic Village is the perfect setting to make your event unforgettable.
Nestled alongside the Kōpūrererua Valley in Tauranga, The Historic Village offers more than just venue hire – it’s a vibrant destination where business meets creativity, culture, and community. The Historic Village venues offer tailored event solutions, including:
• Six indoor and four outdoor spaces to hire,
• High-quality on-site catering and licensed bar services with various menu options,
• A reliable AV setup including eight-speaker audio, projection, and Wi-Fi,
• On-the-ground support staff to assist with setup, logistics, and smooth delivery,
• Accessible amenities, including lift access and inclusive restrooms,
Spanning 5.5 hectares with stunning architecture and surrounded by beautiful native bush, The Village offers an event backdrop like no other.
The newest addition to The Historic Village, the Balcony Room, is now open and ready to impress. Designed with discerning corporate clients in mind the Balcony Room offers a mix of style, flexibility, and modern functionality.
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to see a shift in focus from bonds to equity markets and that signals big potential gains for investment vehicles such as KiwiSaver funds. Some projections indicate that the total value of KiwiSaver funds could increase from circa $100 billion now to about $900 billion by 2055. If that does eventuate, it also means that government investment agencies should be looking for opportunities close to home, adding further impetus to our economy.
In my view, the New Zealand economy is in a good position to grow strongly and, while prudent financial management will be key, there’s no reason why we shouldn’t expect the good times to return and for regional economies to prosper.
The outtake from all of this locally is that the business sector needs to hang in there – do what you do well and look for oppor-
tunities to focus sales efforts on stable markets that offer the best long term prospects. There is also an opportunity for the brave to use the current volatility as an entry point for long term investment.
Mahé Drysdale is an Associate Chartered Accountant (ACA). Prior to his election as Tauranga’s Mayor in July 2024, Mahé worked in investment and financial advisory roles, as a registered Financial Advisor, for both Hobson Wealth and Forsyth Barr Limited. He also worked as an accountant for KordaMentha in the late-1990s/early-2000s, before becoming a fulltime athlete and member of the elite New Zealand rowing team.
Whether you’re hosting a networking event, client function, workshop, or conference, the Balcony Room offers:
• A versatile layout with dedicated spaces for presentations, breakouts, or socialising,
• A stylish bar with speakeasy charm – ideal for after-hours gatherings,
• Seamless indoor-outdoor flow, thanks to wraparound timber decking and French doors opening onto scenic views,
• Full accessibility, including lift access and all-gender, wheelchair-friendly facilities.
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From plated dinners to curated conference menus, the onsite Historic Village caterer is equipped to deliver exceptional food experiences. You can also choose customisable beverage packages to suit your event needs and budget.
outside in. Timber decking wraps around two sides of the building, providing extra space for preevent drinks or group photos. The impressive balcony that inspired the venue’s name overlooks the charming streetscapes, bush-clad hills, and the Village Square.
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Explore The Historic Village venues or book the Balcony Room by visiting historicvillage.co.nz or calling +64 7 571 3700, Monday to Friday, 8:30am–4:00pm.
Harris Tate’s newest director, Michelle Igasan, is a Kiwi who spent several years practising law in Australia and is now relishing her return to Tauranga.
Michelle has returned to Harris Tate as a director after originally leaving New Zealand in 2023 to relocate to the Gold Coast. It is a decision she says was difficult at the time, but it was necessary to support her teenage son in pursuit of his rugby league dream, one that has him progressing through the Brisbane Broncos’ elite athlete Academy programme.
Working remotely from Australia for Harris Tate last year, Michelle and her family have been drawn back to the firm in Tauranga, this time for good.
“There are three other highly experienced directors here, but more importantly they are really good people who are good at what they do, whom I trust completely and who have been incredibly supportive, so the timing and the fit felt right.”
Michelle notes that one of Harris Tate’s standout qualities is a commitment to becoming a modern legal practice and prioritising work/life balance.
“These are not just words; the team genuinely does care and actively ensures
that staff members have good work/life balance, which is really important especially when you work in a high stress profession such as law.”
Meantime, holding a practising certificate in New Zealand and Queensland is an invaluable asset for her practice, particularly given the close ties many of the firm’s clients have to Queensland.
Her knowledge of property, business and commercial law on both sides of the Tasman makes her practice area invaluable for clients who are returning to New Zealand, seeking to purchase a piece of Queensland property or wanting to do business in Australia generally.
Michelle notes that, despite similarities between the two countries, both have very different requirements which can be a minefield to navigate.
The firm’s workflow and client base are also well matched to Michelle’s experience in property, business and commercial law. She is enjoying a return to a more hands-on approach focussed on delivering positive outcomes and practical solutions for her clients.
“As a firm, we have the scale to attract lawyers with specialised expertise to
meet our clients’ diverse needs while maintaining the warmth and approachability of a mid-sized practice which connects well with our clients.”
Michelle also has a strong interest in sport law, which aligns well with the needs of sporting organisations and other bodies as they reassess their rules and constitutions in response to recent legislative changes affecting incorporated societies.
“The re-registration period for incorporated societies ends on April 5, 2026, which will come around very quickly. It’s very important for organisations to be talking about changes now to avoid being in the unfortunate position of no longer existing if they haven’t re-registered in time.”
Fellow Harris Tate director, Grant Harris, says he welcomes Michelle’s promotion to director.
“This is a natural step forward and a significant milestone strengthening the firm’s leadership team. We are proud to recognise Michelle’s talent and contribution to Harris Tate’s future.
“Michelle’s promotion reflects not only her exceptional legal and com-
mercial acumen but also her leadership within the firm and the wider community.”
As Michelle and her family settle into their familiar, yet newly rediscovered, city, she is looking forward to taking on more special projects as they evolve with Harris Tate.
“Tauranga certainly has grown since we first moved here in 2017 and it’s even more noticeable on our return earlier this year, Michelle says.
“There are more people now and with that comes a vibrant energy. We feel really fortunate to live in a city that boasts some of the best beaches in New Zealand right on our doorstep along with an abundance of natural beauty in general.
“However, you do notice the slower pace of Tauranga compared to life on the Gold Coast,” Michelle adds. “This is not a bad thing as it allows more time to spend with family, less traffic and (believe it or not!) more sunshine compared to the Gold Coast during the past couple of years.”
To find out more contact Michelle via www.harristate.co.nz.
In New Zealand, our relationship with property runs deep. For generations, Kiwis have seen homeownership not just as a rite of passage, but as one of the most reliable paths to financial security and long-term wealth creation. While investment trends come and go, the appeal of residential property remains a constant – and for good reason.
Unlike other investment vehicles, property offers both tangible and financial benefits. It provides a roof over your head, a sense of security, and a long-term asset that typically appreciates in value. It’s also a uniquely flexible form of wealth creation.
You can live in it, rent it out, renovate it, or subdivide the land. And in a country where land is limited and demand consistently high, real estate continues to outperform many other asset classes over time.
It’s no secret that Kiwis love property. Ask around at any family BBQ, school event, or community gathering, and conversations about house prices, interest rates, and “that property down the road that sold for a record price” are sure to come up. Property investing, whether it’s buying a first home, trading up, or securing a rental, is part of our national identity and financial culture.
But while the love for real estate is universal, the path to success in property can look different for everyone. Some are firsthome buyers stepping onto the ladder, others are downsizers unlocking equity from their family homes, and many are investors building portfolios to create passive income and financial freedom.
What unites them is the shared belief that property is one of the most effective ways to secure a brighter financial future.
At Tall Poppy Real Estate Tauranga, we
understand that wealth creation through property isn’t one-size-fits-all.
That’s why we’re here as part of your trusted team – offering expert advice, a fairer fee structure, and a service built on transparency, results, and long-term relationships.
While real estate is often seen as a fiercely competitive industry where clear, honest guidance can be hard to find, Tauranga’s Tall Poppy franchise owners, Janet O’Shea and Susan Northey, are setting a different standard. Both passionate advocates for fairness, integrity, and community-driven service, they’ve built their businesses on the belief that the client always comes first.
Janet, who leads the Tauranga South franchise, started her career in sales working in the retail and wholesale sectors before moving into real estate. She has always been driven by the desire to help people solve problems, achieve their goals, and feel good about the decisions they make.
Susan, who owns the Tauranga Central franchise, brings a background in sales, marketing, and business leadership to the table, with a strong focus on technology, client care, and innovation. Having previously owned a business network franchise and worked in media sales, Susan understands how valuable genuine connections and local market knowledge are in this industry.
Together, they’ve created a collaborative, client-focused culture where the drama and internal competition that often plague real estate offices are left behind. Instead, their teams work together, sharing knowledge, supporting each other, and delivering award-winning service to the people of Tauranga.
By Janet O’Shea
At Tall Poppy, we see property not just as a transaction, but as a tool for building a better life. Whether you’re a first-home buyer making that exciting first step, a growing family needing more space, a downsizer looking to free up capital, or an investor adding to your portfolio – property plays a crucial role in your financial journey.
A balanced market exists when supply and demand are relatively equal, leading to stable prices, a moderate sales pace, and fair negotiation conditions for both buyers and sellers. With the current housing market considered balanced, it’s an excellent time to buy — offering buyers the opportunity to secure property with fair pricing, increased choice, and favourable conditions at the negotiating table. This creates opportunities for buyers to move with confidence, knowing they have a better chance of finding a home that meets their needs and represents good long-term value.
We also understand that fees can make a significant difference to your bottom line, which is why we offer a fairer fee structure. Our inclusive offering ensures you get maximum value without compromising on service, exposure, or results.
And it’s not just about buying and selling – it’s about building lasting relationships and supporting you through every stage of your property journey.
From complimentary market apprais-
als and advice to guidance on property presentation, buyer insights, and negotiation strategies, our team is here to help you make informed, confident decisions.
Janet and Susan are passionate about growing the Tall Poppy brand in Tauranga by prioritising quality service, strong relationships, and better outcomes for clients. They’re redefining what it means to be a real estate professional in today’s market – one client, one property, and one success story at a time.
Whether you’re a seasoned investor, a first-time buyer, or someone simply considering a change, it’s worth having a conversation with a team who genuinely cares about your goals. If you’re ready to start your property journey – whether it’s your first home, a strategic investment, or the perfect downsizer – talk to us. At Tall Poppy Tauranga, we’re not just selling houses – we’re helping Kiwis build wealth, security, and a brighter future.
Janet O’Shea and Susan Northey are Franchise owners at Tall Poppy Real Estate, Tauranga. They can be contacted: Janet O’Shea - 021 872 072 janet.oshea@tallpoppy.co.nz Susan Northey - 027 576 0499 susan.northey@tallpoppy.co.nz
For many New Zealand investors, the idea of timing the market – selling high and buying low – is as enticing as catching the perfect wave. Looking at a chart of the market index, it’s hard not to wonder what if one can sell high and buy low on every crest and trough along the way, a trading approach rather than buy-and-hold investing? While the appeal is obvious, the reality is far more complex.
Market timing can take several forms. It may involve moving between asset classes, shifting from equities to cash or bonds when markets look risky.
It can also mean rotating between varying sectors or styles such as switching from defensive, dividend paying businesses, to smaller, high growth firms. More active investors might also adjust between fixed interest securities of varying quality or between investing styles altogether.
The motivation is often rooted in protecting capital during downturns and enhancing returns during flat or volatile periods. This is understandable, especially for people approaching retirement or managing long term savings through KiwiSaver. The pain of losses tends to loom larger than the joy of equivalent gains – a concept well documented in behavioural finance.
However, investors must pause and ask themselves if they are making decisions based on a shift in their investment goals or risk appetite, or they are simply reacting emotionally to market noise. If it’s the latter, it might be time to re-evaluate the portfolio rather than attempt to time the market.
Timing the market assumes an investor can reliably forecast what comes next, whether it’s a major global event, economic downturn, or central bank move.
Even if you successfully predict a market drop and sell in time, you face a second challenge – when to get back in. This is known as ‘closing the loop.’
Without a clear plan to re-enter the market, investors risk missing the recovery, often the most profitable period. In practice, many who exit due to fear wait too long to return, buying back in after
markets have already rebounded.
Economist John Maynard Keynes said: “Many of those who attempt [market timing] sell too late and buy too late and do both too often.”
How good is your crystal ball? Do you have one? The odds of getting both calls optimal are low. Attempting to do this repeatedly for all bear markets will invariably result in some trades not working.
Market volatility tends to come in waves and some of the biggest up days follow immediately after sharp declines. A recent study shows that missing just 40 of the best performing days over a 24-year period is enough to reduce an investor’s return to zero – that’s just 0.5 per cent of the trading days.
Furthermore, the detrimental impact is even greater in a low return environment – imagine if the market only returned 7% rather than 9% over time.
Being a bad trader in flattish markets is more painful than in upward trending markets.
Of course, avoiding the worst days would help returns, but predicting both the peaks and troughs consistently is near impossible. Since large up and down days tend to cluster together, it’s extremely difficult to catch one without being exposed to the other.
Rather than attempting to predict the next move, investors might consider systematic rebalancing.
This approach involves periodically adjusting your portfolio back to a strategic asset allocation based on long term goals and risk tolerance.
For example, if equities have outperformed and now represent a greater
By Felix Fok, Director, Wealth Research, Jarden Wealth
share of your portfolio than intended, you would sell some and reinvest in other assets such as bonds or cash.
Conversely, during a market dip, rebalancing may prompt you to buy more equities at lower prices. In effect, you’re buying low and selling high, but doing so in a structured, emotion-free way.
The idea of outsmarting the market is tempting, especially when volatility increases or headlines become pessimistic. But history and data suggest that con-
sistent success at market timing is rare and often requires more luck than skill.
If investing is more an art than a science, then market timing would fall into the realm of the dark arts – it’s difficult to master and fraught with pitfalls.
For those without a crystal ball, which means most of us, the best course may be to stay the course.
Felix Fok, Director, Wealth Research, Jarden Wealth. Jarden Wealth is part of FirstCape Group. From August Jarden Wealth will be rebranding to JBWere NZ.
By Heather Kentsley, Investment Manager at Southern Cross Partners Loans & Investments
For many, property investment is seen as a reliable way to grow financial security, build long-term wealth, and create an additional stream of income. However, owning real estate comes with significant challenges – not to mention high upfront costs. The responsibilities of maintenance, dealing with tenants, navigating property laws, and managing ongoing expenses can turn what should be a rewarding investment into a time-consuming burden.
But what if there were a way to enjoy the benefits of property investment without these headaches? Peer-to-peer property lending offers just that – allowing investors to gain exposure to real estatebacked investments while avoiding the stress and obligations that come with direct ownership.
Rather than purchasing and managing a property yourself, peer-to-peer lending allows you to partner with a trusted lender that finances property-backed loans using investor funds. Southern Cross Partners (SCP) is one such provider, giving investors the opportunity to earn regular income through interest payments made by borrowers.
Here’s how it works:
• Investors register with SCP, a New Zealand-based lender that specialises in peer-to-peer investments.
• SCP provides property-secured loans to borrowers that investors can invest in.
• Borrowers pay interest, which is passed on to investors as their returns.
This hands-off approach means you get the financial advantages of property investing—without needing to maintain a home, deal with tenants, or worry about sudden market fluctuations affecting an individual asset.
Investing always comes with risks, so choosing a trusted, experienced partner is crucial. That’s where Southern Cross Partners stands out.
Founded in 1997 as Southern Cross Finance, SCP became a licensed peer-topeer lender in 2016. Over nearly three decades, the company has developed a strong reputation for offering investors secure mortgage-backed lending with carefully assessed opportunities.
Unlike traditional bank loans, SCP’s lending solutions cater to borrowers who require flexibility for investment purchases, construction projects, and equity releases. This opens up unique opportunities for investors looking for stable,
secured returns with the backing of New Zealand property assets.
Security is one of the biggest concerns for investors – especially those new to alternative investment options. SCP ensures each loan offered to investors meets strict criteria.
With SCP:
• Every loan is secured by a first mortgage over New Zealand property.
• SCP lends its own money first, so you know they back the loan before offering it to investors.
• All loan applications undergo rigorous assessment to ensure terms like interest rates, loan duration, and Loanto-Value Ratios (LVRs) fit realistic and achievable limits.
Instead of a one-size-fits-all approach, SCP allows investors to choose which loans align with their risk appetite and financial goals. This gives you control and confidence while SCP handles the loan management in the background.
At SCP, investment flexibility is key. That’s why investors gain exclusive access to SCP’s investment portal, a simple online
platform that lets you:
• Browse a live list of investment opportunities
• Select loans that match your personal investment strategy
• Track and manage your portfolio effortlessly
The portal ensures that even beginner investors can manage their investments stress-free. Many of SCP’s investors have shared how easy and convenient the platform is to use—offering a smooth, straightforward experience without unnecessary complications.
Not all investment opportunities are created equal. Some may seem appealing at first glance but come with hidden risks, unexpected fees, or unreliable returns. That’s why choosing a licensed, reputable provider is essential.
Southern Cross Partners operates under strict financial regulations— licensed under the Financial Markets Conduct Act 2013, ensuring transparency, security, and compliance.
With SCP, investors enjoy:
• Clear investment opportunities with transparent terms
• Security with strong equity to secure investor funds
• A proven track record of success in peer-to-peer lending
If you’re looking for predictable, mortgage-backed investment opportunities with regular income, peer-to-peer lending with SCP could be an ideal choice. It allows you to gain exposure to the property market without the challenges of ownership— all while benefiting from secured returns and low-maintenance investing.
With almost 30 years of experience, a trusted reputation, and a simple, straightforward investment process, Southern Cross Partners continues to provide smart investment opportunities for those looking to build wealth sustainably.
Ready to explore this smarter way to invest? Learn more with Southern Cross Partners today!
Heather Kentsley is the Investment Manager at Southern Cross Partners, Loans & Investments
To learn more about investing with SCP phone 0800 00 58 43 or investments@scpartners.co.nz
Disclaimer:
With more than 25 years at the forefront of business sales, LINK Business Brokers has established itself as a leading authority in buying and selling businesses across Australasia.
With a strong presence throughout New Zealand and Australia, we provide specialised brokerage services across a broad range of industries underpinned by deep local knowledge, trusted relationships and proven systems.
Whether you’re a first time buyer, a seasoned investor or a business owner ready to scale, LINK offers the insight and support needed to make confident, informed decisions.
In particular, in today’s evolving economic landscape, business ownership is proving to be one of the most powerful and accessible wealth-building strategies available.
Unlike many traditional investment avenues – such as term deposits, residential property or the share market – business ownership offers superior returns. Most well run small to medium enterprises (SMEs) in New Zealand yield between 25 per cent and 33% on EBITDA – earnings before interest, taxes, depreciation and amortisation. That’s up to seven times higher than returns investors might expect from bank term deposits in the current low interest environment.
What’s more, New Zealand offers one of the most investor friendly tax structures in the world. There is no capital gains tax on the sale of a business, meaning any increase in value achieved over the ownership period can be realised entirely by the owner on exit. It’s a financial structure that rewards growth, innovation, and hard work without penalising success.
Business ownership also gives investors the ability to build equity that can be leveraged for further growth. As equity builds in the business, it can be used to acquire additional businesses or assets, creating a compounding effect that accelerates wealth creation.
Compared to organic growth – often slow and capital intensive – strategic acquisitions can be a more efficient and scalable pathway to expansion.
The market now presents a unique opportunity, particularly for those ready to act. Thousands of baby boomer business owners are approaching retirement, resulting in a wave of high quality, established
By Lisa Lloyd, Sales Manager, LINK Bay of Plenty, Hawkes Bay & Wellington
businesses coming to market. As these businesses often have strong foundations, loyal customer bases and long term supplier relationships, they offer incoming owners a lower risk, ready-to-grow investment.
For current business owners, it’s an ideal time to consider growth through acquisition. Whether the goal is to expand geographic reach, broaden product lines or eliminate competition, acquiring an existing business can deliver rapid and measurable value. In many cases, this strategy proves more cost effective and less disruptive than growing from the ground up.
In this cycle, business ownership and acquisition are not just financially sound, they are strategically vital for those looking to futureproof their income and long term wealth.
Life changing insights can come from the most unexpected places. Steven Matthews, GM and NZ business development manager at LINK Business Brokers, once found himself seated next to a young mechanic from Tauranga at an All Blacks test.
A casual chat revealed the young man worked full time and quietly dreamed of owning his own workshop. When Steve mentioned he was a business broker, he was met with the usual puzzled look usu-
ally followed by “What’s that?”
After explaining that he helps people buy and sell businesses – matching opportunity with ambition – the man, a mechanic, admitted it was something he’d considered but quickly dismissed. He didn’t see himself as ‘business material’, lacking financial knowledge and believing, as many Kiwis do, that ownership was only for the wealthy. Steve reassured him that wasn’t the case.
Business ownership isn’t about knowing everything from day one. Many functions, such as accounting, payroll, and compliance, can be outsourced. What matters most is the drive to learn, the courage to take calculated risks and a genuine commitment to growth.
Steve and the mechanic reviewed a small automotive business. Listed for $130,000 it was generating a $70,000 annual profit, more than he was earning. With a $50,000 deposit, funded by selling his car and jet skis, plus a family loan, he took the leap.
Twelve years on, Steve’s fellow rugby fan employs five mechanics, operates from larger premises and owns a business now worth more than $800,000 – that’s a $670,000 tax-free capital gain, earned not by climbing a corporate ladder, but by stepping into ownership.
For today’s young professionals, the traditional path of study, job, KiwiSaver, retirement, is looking less certain. Rising costs and stagnant wages challenge old assumptions about financial security.
Business ownership offers a powerful
alternative. Yes, it comes with challenges, but it also brings independence, equity and exponential growth potential, all things a salary rarely delivers.
If you’re serious about building wealth, it’s time to think differently. Business ownership is no longer just for the corporate elite or seasoned entrepreneurs. With the right support, expert guidance and a clear plan, it’s an entirely realistic path for everyday New Zealanders.
At LINK, we understand that buying or selling a business is not just a transaction, it’s a life changing decision. That’s why our brokers combine industry insight with personal experience, offering a tailored, transparent approach every step of the way.
Whether you’re exploring your first investment, looking to scale through acquisition or preparing to sell and realise your hard-earned equity, our team is here to help you navigate the process with confidence and clarity.
This is more than a moment, it’s a movement! And, there’s never been a better time to start building your future through business ownership.
Lisa Lloyd is the Sales Manager at LINK Bay of Plenty, Hawkes Bay & Wellington. She can be reached on 027 685 4556 or at lisa.lloyd@ linkbusiness.co.nz
While there were whispers about favourable tax depreciation changes being included in Budget 2025, it is fair to say that the Investment Boost announced took many by surprise.
The Investment Boost is intended to encourage capital spending by businesses by front loading tax deductions via an immediate 20 per cent deduction for qualifying spend on top of normal depreciation deductions.
This is estimated to cost $1.7 billion annually in tax, but the government estimates that, in turn, this increased investment in assets will lift GDP by 1% and lift wages by 1.5% over the next 20 years.
Effective from May 22, 2025, businesses will have the option to be able to take an upfront tax deduction for 20% of the cost of any new assets or improvements to existing ones. This deduction does not get apportioned for the number of months an asset is held, so the deduction is the same whether the asset is bought at the start or the end of the year. If an asset qualifies for depreciation deductions, the remaining cost will still be depreciable.
BY ANDREA SCATCHARD
Although commercial buildings remain non-depreciable, they will also be eligible for the 20% investment boost deduction.
The Investment Boost applies to most new or new to New Zealand assets that are depreciable for tax purposes but second-hand assets will not qualify unless they are newly imported into New Zealand. There are no limitations on who can use the rules, it applies to businesses of all sizes, and assets of any value.
For capital projects in progress at May 22, the deduction will be available on the full project cost where the resulting asset is first available for use on or after this date, even where the capital
spend was incurred beforehand. The Investment Boost also applies to orchard/farm/forestry development expenditure that is claimable under the special primary sector deduction rules, but only to the extent that costs are incurred on or after May 22. This should be a significant cashflow benefit to anyone doing new development in the Bay of Plenty region.
What assets aren’t eligible?
• Assets that have been previously used in New Zealand
• Land – however, land improvements will be eligible
• Trading stock
• Residential buildings – there will be exceptions for hotels, hospitals and rest homes
• Fixed-life intangible assets, such as patents and plant variety rights
It might be tempting to immediately expense 20% of the cost of qualifying assets and only capitalise and depreciate the remaining 80%. This will give a nice solution in terms of calculating depreciation in the first year.
However, it is not the recommended approach as you need to be able to track the total cost and deductions over time so that a future disposal can be correctly accounted for.
Some fixed asset systems may have existing functionality to allow the 20% to be calculated and deducted from the cost before then calculating depreciation for the year. Others may need some software updates or work-arounds provided by the software suppliers. The best thing to do right now is to ask your software provider how you should be
reflecting the Investment Boost deduction in your fixed asset register.
There are other practicalities and flow-on effects of the Investment Boost which will need to be considered. For more information about how the Investment Boost could impact your business and capital expenditure plans, reach out to your tax advisor.
Andrea Scatchard is a Tax Partner at Deloitte, based in the Bay of Plenty. She can be contacted on ascatchard@deloitte.co.nz
It’s easy to think of climate change as a distant challenge, something for governments, scientists or activists to tackle. However, it’s a local issue too. It’s present in the buildings we work in, the leases we sign and the investments we make in our own backyard. Tauranga’s commercial property market must catch up with climate goals.
One of New Zealand’s fastest growing urban areas, the commercial property sector is booming locally. New developments line Cameron Road and the city’s CBD is undergoing a significant transformation.
But there’s a calculated silence in the background. The property sector is responsible for around 20 per cent of our country’s carbon emissions and most of that comes from completed buildings.
Roughly 80% of the buildings standing today will still be here in 2050, but fewer than 3% meet the environmental standards needed to reach our national goal of netzero emissions by mid-century.
So, how do we bridge this gap? Increasingly, the answer lies in our lease agreements. In my work, advising landlords and tenants across the Waikato and Bay of Plenty, I’ve seen the tension first hand. Landlords are under growing pressure – from government policy, market expectations
> Landlords are under growing pressure –from government policy, market expectations and, increasingly, from tenants – to upgrade buildings with energy efficient lighting, low emission HVAC systems, and even solar power
and, increasingly, from tenants –to upgrade buildings with energy efficient lighting, low emission HVAC systems, and even solar power. But who foots the bill?
This is a classic split incentive dilemma reflected in traditional lease structures whereby landlords make a capital investment in sustainability upgrades but tenants reap the immediate rewards through lower power bills and more comfortable working envi-
One of New Zealand’s largest corporate travel management companies, Orbit World Travel, has made an appointment to a key leadership role.
Having joined the travel industry two years ago, Kate Rawnsley becomes Orbit’s new chief commercial officer for its Tauranga and Hamilton offices.
Currently completing her MBA at the University of Waikato, Kate comes to the role after 12 years with the Chiefs Super Rugby franchise, specialising in commercial operations and stakeholder engagement. Kate’s appointment reflects Orbit’s commitment to strong regional leadership and continued growth across the Bay of Plenty and Waikato regions, the company confirmed.
ronments. Upgrading a building’s efficiency blurs the line between maintenance and enhancement and, without shared benefit, the willingness to invest falters.
While we wait and see whether the law will evolve to ease this tension, ‘green leases’ are helping fill the gap. These are lease agreements that specifically include sustainability goals, share costs and benefits, and they promote collaboration. In my experience, they’re not common in New Zealand yet but they are gaining traction. This is particularly so in such cities as Auckland and Wellington where high profile developments (including the ASB North Wharf and NZI Centre) have pioneered this approach.
Here in Tauranga, we’re beginning to see a similar shift. New builds in The Lakes and Tauriko Business Estate are increasingly constructed with energy efficiency in mind, responding to demand from forward thinking
tenants. But retrofitting older buildings remains a challenge, especially when cost recovery mechanisms aren’t clearly agreed upon.
Smaller landlords, such as family trusts and private investors, who own the majority of commercial property in this region and throughout the country, may lack the resources or incentive to make green upgrades unless tenants are on board. Meanwhile, larger tenants – including retail chains, banks and government agencies – are coming to the table with strong sustainability policies and expectations that their premises reflect these values.
This isn’t just about compliance, it’s about resilience. Green buildings attract better tenants, command higher valuations and future proof our cities against rising environmental and financial risks.
The solution starts with better conversations. Landlords and tenants need to engage early, be transparent about their goals and consider lease structures that reflect the realities of climate change as well as the shared benefits of sustainable practices. The lease, once an afterthought in climate conversations, might just be one of our most powerful tools for change.
If you’re a landlord or tenant in Tauranga, and you have questions about how green leases could work for you, get in touch! At Tompkins Wake, we’re helping clients navigate this evolving landscape to find practical, balanced solutions.
You can reach me at our Tauranga office – we’re here to help make sustainability not just a vision, but a reality.
Kate Hatwell is a partner at Tompkins Wake, Tauranga and Hamilton. She can be reached on kate.hatwell@ tompkinswake.co.nz
Further reinforcing its commitment to strong regional leadership and project delivery, The Building Intelligence Group (TBIG) has appointed Bevan Botha as business manager for the central North Island.
Leading TBIG’s operations across the Bay of Plenty, Taranaki, Central Plateau and Waikato, Bevin is known for his practical, people-first leadership style, says TBIG’s MD, Ian Macaskill.
“Bevan’s appointment reflects our continued investment in experienced, locally connected leaders who understand the needs of our regional clients. He brings deep knowledge of project delivery and a genuine commitment to building strong outcomes for clients and communities.”
Toi Tauranga Art Gallery has tasked Iain Griffin with leading strategic development and partnerships to ensure the gallery’s vibrancy and sustainability.
As business services and development manager, Iain is overseeing the gallery’s sponsorship programme, offering businesses and individuals opportunities to support the gallery and benefit from positive brand alignment.
A first class honours graduate in fine art (sculpture) from the National College of Art and Design in Dublin, Iain has exhibited extensively across Europe and Australia. His diverse career includes roles as co-director at Catalyst Arts and sales manager at Trinity Wharf Tauranga.
The vocational education sector in Aotearoa is at a pivotal point in time. With the government’s decision to disestablish Te Pūkenga, the sector is awaiting the announcement confirming those that will be standalone entities and those that will potentially move into a federated model.
Recently, the minister for vocational education, Penny Simmonds, introduced her Education and Training (Vocational Education and Training System) Amendment Bill into the House. This commenced a legislative process that will enable financially viable Institutes of Technology and Polytechnics (ITPs) to become independent entities.
Being a standalone entity would mean decision making is returned to regional ITPs. It would ensure that community connection and local responsiveness would be back with community providers.
At Toi Ohomai Institute of Technology, we are readying ourselves for this shift with the intention to become a standalone entity. It aligns with our belief that the best outcomes for learners and communities are achieved when decisions are made close to home, in partnership with those who understand the unique needs and aspirations of our rohe (region).
However, with this opportunity comes some substantive
mahi. To be considered as a standalone ITP in 2026, we must demonstrate that we are a viable, sustainable organisation – financially, operationally and strategically.
Over the past year, we’ve taken a hard look at our operations. Like many in the sector, we’ve faced financial challenges. In response, we’ve undertaken
> Our goal is to create a foundation for the future that is not only financially sustainable but also remains academically rigorous.
a comprehensive review of our programme portfolio, identifying areas of strength and those that were no longer viable. This has led to the difficult, but necessary, decision to close some programmes, ensuring that our resources are focused where they can have the greatest impact.
We’ve also begun consolidating our property portfolio, including the planned sale of underutilised sites. Not just about reducing costs, it’s also about creating a more agile, fit-for-purpose organisation that can respond quickly to the needs of learners and industry.
Perhaps the most challenging part of this is our upcoming organisational redesign to enable the institute’s future success. While this work is difficult, it is an opportunity to build an institute that is fit for the future of work and delivers the skills learners, employers and communities need in order to thrive.
Our goal is to create a foundation for the future that is not only financially sustainable but also remains academically rigorous, founded on strong and enduring industry engagement and community connections.
While we are committed to becoming financially viable, our core purpose remains the same – delivering excellent vocational education for our ākonga (students).
As we look to set ourselves up for the future, we are re-engaging with our stakeholders to understand their needs and how we can work together effectively.
We recently hosted our stakeholders at a breakfast event on our Mokoia Campus in Rotorua. The event allowed our culinary arts ākonga and kaimahi (staff) to demonstrate their skills and provided us with the opportunity to update some of our community leaders about the sector and the direction in which Toi Ohomai is heading.
It was great to share Te Anga Whakamua, our Strategic Roadmap for 2025, and hear thoughts and feedback from our stakeholders. We had some really engaging conversations and we are looking to build on this going forward.
Our strategic roadmap is the starting point for future trans-
formation. It outlines our guiding priorities: supporting learner experience, ensuring educational excellence, supporting staff capability, driving Māori success and achieving financial viability.
It also embeds our values, toiohomaitanga, into every aspect of our mahi, from people practices to performance frameworks.
The road ahead will not be without its challenges but we are confident in our direction.
We are building an institution aligned with the needs of the industry and the region. We aim to be resilient, responsive and rooted in the values of our rohe, ready to meet the needs of tomorrow’s learners, employers and communities.
As we prepare to host our next stakeholder event in Tauranga, we look forward to continuing this kōrero. Working together, we can shape a vocational education system that delivers real outcomes for the Bay of Plenty and beyond.
Want to join our next stakeholder event? Contact us via communication@toiohomai. ac.nz
Kieran Hewitson is Tumu Whenua ā-Rohe 2 | Regional Executive Director for Toi Ohomai Institute of Technology. www.toiohomai.ac.nz phone 0800 86 46 46.
SYOS Aerospace has taken high tech to new heights. Named the overall Hi-Tech Company of the Year at the recent 2025 NZ Hi-Tech Awards, the Mount Maunganui-based company was a standout.
“We are extremely proud and honoured to be awarded the PwC New Zealand Hi-Tech Company of the Year!” the business’ founder and CEO, Sam Vye, says. “A huge thank you to the judges and everyone involved. We are so grateful as this award recognises the hard work and relentless drive of the SYOS team.”
In the air, on land and sea, SYOS’ un-crewed vehicles are intended to reduce risk and cost for organisations engaged in dull, dirty or dangerous operations.
included Sir Peter Beck. Named the 2025 Flying Kiwi, the Rocket Lab founder was inducted into the NZ Hi-Tech Hall of Fame for turning his start-up into the multi-billion dollar company it is today. At the same time, Beck actively contributed to the development of the Kiwi aerospace industry over the last 20 years.
which diamonds appear to float without visible prongs, claws or clasps.
The 2025 awards’ trust chair, Marian Johnson, says all of this year’s winners can be especially proud of their success achieved during challenging times.
“We’re witnessing an industry that is continuing exceptional growth as well as innovation and matching it with the best in the world,” she says.
The company serves government and commercial customers providing solutions for security, border patrol, surveillance, disaster response, delivery, logistics support, agriculture and environmental monitoring.
praise from judges.
Held in Wellington in late May, The 30th edition of the annual awards saw SYOS claim high
“[SYOS] has shown that you can build big things in small, and pleasant, places. They have made the jump overseas, which is critical to getting Kiwi companies to global scale,” the judges confirmed.
Other notable winners
Auckland’s Mindhive Global won both the Start-up and Agritech categories. The team’s proprietary vision system detects defects in cowhides within seconds, combining machine learning, image recognition, and industrial hardware.
Wellington’s The Village Goldsmith also claimed two wins with awards in the Most Innovative Hi-Tech Creative Technology and Manufacturer categories. The company developed a platform in
“We continue to see exceptional growth of both our largest tech companies and a burgeoning ecosystem of start-ups and it’s so exciting to see this as we celebrated the 30th anniversary of the Hi-Tech Awards.”
Visit www.hitech.org.nz for additional information including a complete list of this year’s winners.
Every time the market wobbles, we see it happen – fear creeps in and investors either look for the exit or sit on the sidelines while their cash quietly devalues. It’s a natural response as we all seek certainty, especially in times of volatility. However, there are lessons to learn from a shifting cycle and an art to knowing when to hold ‘em... or to run.
During more than 15 years in this industry I’ve learnt many lessons, but one of the most important is that long term performance is rarely determined by short term discomfort.
As it stands, global markets remain unsettled. Recent US policy decisions and ongoing geopolitical tensions are contributing to a murky outlook. But, in New Zealand, the tide is starting to turn.
The Official Cash Rate (OCR) has fallen by 200 basis points* since August 2024 and it is forecast to drop further by year end.
Interest rates are trending down, inflation is easing and early signs of economic recovery are beginning to emerge.
• Recent property valuations across our portfolio have shown an average increase of 2.4 per cent from 2024
• Distributions in some of PMG’s funds are starting to lift, supported by strong tenant relationships and disciplined proactive asset management
The data is telling and, for investors who focus on fundamentals and long term growth, it’s worth paying attention.
Commercial property has always been a long term game. It’s driven by careful management, stable tenancies and real asset performance, as opposed
RELATIONSHIPS WITH MATT M c HARDY
to headlines or hype. Selling at the start of a recovery cycle often means locking in a loss just before conditions improve.
For investors looking to strengthen their position, these conditions present a rare oppor-
tunity, arguably the best window of opportunity since the 2008 Global Financial Crisis.
PMG’s secondary market gives investors access to high quality, income producing assets without waiting for a new offer to open –see below for details.
At PMG, we’ve operated through multiple economic cycles and, in nearly every case, investors who came out ahead were those who played and stayed the course when conditions were at their most uncomfortable.
We’re not in the business of timing the market, we’re in the business of staying in it long enough to realise the benefits of diversification, adding value and market resilience.
Now more than ever, it’s about cutting through the noise and focusing on fundamentals because, in this market, fortune will favour the patient.
However, we always recom-
mend investment decisions are made with the guidance of a licensed financial advice provider who can help assess whether an investment is right for your personal circumstances.
To learn more about PMG’s approach, or explore current investment opportunities, visit www.pmgfunds.co.nz.
Please note: PMG’s secondary market operates on a queue system and there is a fee. The ability to buy or sell shares or units depends on demand and availability at the time. There is no guarantee of liquidity and transaction times may vary.
*At time of writing the OCR was 3.50%, but by the time you read this it’s likely the OCR will have dropped another 25 bps to 3.25%.
Matt McHardy is GM Investor Relationships at PMG Funds. He can be reached on matt.mchardy@pmgfunds.co.nz
Host: Te Puia | New Zealand Māori Arts and Crafts Institute
Event Location: 20 Hemo Road, Te Puia, Rotorua | Date: Tuesday, 27th May 2025
Photography: Patrick Emery (Te Puia)
Te Puia shared a kōrero about the seasonal nature of tourism and what that means for a city like Rotorua, encouraging businesses to support each other over the winter months and to embrace initiatives or events, such as Te Puia’s Winter Hākari Nights and Matariki. The evening included a visit to Whakarewarewa Geothermal Valley where Pōhutu Geyser erupted, illuminated under the stars.
ONE SEVEN TWO FIVE EIGHT THREE SIX NINE FOUR
ONEKevinMiniter,ConsiderItConsulting|TiaSmith,producer. TWO LizzForrest,DawsonInsuranceBrokers| HaideeFenton,Rothbury. THREEPaulIngram,LeeBrothers| DeniseEmery,TePuia|MelShort,RotoruaBusinessChamber. FOURDevikaBhatt,AlpecoLtd | DarshanHari,CraigsInvestmentPartners. FIVEAnnMiggin,RothburyInsurance Brokers|RexinaHulton,DawsonInsuranceBrokers|AmyWilliams&LorraineTaylor,EarthMama. SIXAlyBennett-Scion|JenhaPhillips-TePuia. SEVEN Jason Cordes, Red Stag|MelanieShort,RotoruaBusinessChamber|MichelleCutelli,MichelleCutelliPhotography|DonPaterson,RotoruaLakesCouncilcouncillor. EIGHTBrendanKenny,Property InspectBOP|DarrylChurch,DCAArchitects. NINENetworkinginWhakarewarewaGeothermalValley.
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