
Landlords Turn To Hoverd & Co. For Performance-Based Property Management Across Auckland
With more than two decades of regional experience, the Hoverd & Co. team offers full-service coverage across Central, South, and East Auckland. From Flat Bush to Ponsonby, their systems are designed to minimise downtime between tenancies while keeping landlords informed through a dedicated online portal.
In addition to servicing landlords with larger portfolios, the agency continues to support single-property owners through its broader team of property managers in Auckland. These services include routine inspections, compliance with Healthy Homes standards, arrears management, and rent reviews - delivered under the Harcourts Promise.
Clients benefit from the agency's emphasis on clear documentation, legal compliance, and transparent communication - qualities particularly valued by investors managing properties remotely.
With scalable support and suburb-specific insights, Harcourts Hoverd & Co. remains a reliable partner for both new and established landlords across the Auckland region.

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Techday NZ
2 days ago
- Techday NZ
Co-operative Bank partners with 10x Banking for digital upgrade
10x Banking's core banking platform is set to be deployed in New Zealand following a partnership agreement with the Co-operative Bank. The partnership will see the Co-operative Bank migrate its core banking infrastructure to 10x Banking's cloud-based platform in a phased, multi-year project. The migration is intended to support future growth, operational efficiency and continued delivery of services to more than 180,000 customers across New Zealand. The Co-operative Bank is the first New Zealand client for 10x Banking, and the move marks an increased focus on the Asia-Pacific region by the technology provider. 10x Banking recently announced its platform is powering the UK's West Brom Building Society, reflecting continued uptake of cloud technology among mutual and co-operative institutions globally. The Co-operative Bank, a customer-owned mutual, is the only New Zealand bank of its kind that shares profits with customers, having distributed more than NZD $24 million since 2013. The bank was also named the Consumer NZ People's Choice Award winner for the fourth year in a row. Its collaboration with 10x Banking aims to build on its existing customer experience by adopting digital solutions that meet contemporary needs. Mark Wilkshire, Chief Executive Officer at the Co-operative Bank, said the selection of 10x Banking was a strategic decision to preserve the bank's ethos while enabling further innovation in customer services. "10x is a great partner for The Co-operative Bank because they fundamentally understand what matters to us as a customer-owned B-Corp – putting customers before profits. This partnership allows us to preserve our unique values while building leading, responsive banking services our customers deserve. For our customers, whether they're saving for a first home or managing everyday finances, this partnership helps ensure we'll be equipped to support their financial lives today and for the future." Anthony Jenkins, Founder and Chief Executive Officer at 10x Banking, stated that the agreement furthered the company's efforts to support mutual and co-operative banking clients worldwide. "This partnership deepens our commitment to the mutual and co-operative sector globally, building on recent successes with member-focused institutions across APAC, Europe and the UK. The Co-operative Bank's customer-first values perfectly align with our mission to make banking ten times better for everyone, and as fellow B-Corps, we share a cultural DNA. We're proud to support their journey as they build the digital foundations for their next century of service." Both the Co-operative Bank and 10x Banking are B Corp certified, each committed to customer-first approaches and ethical business operations. The bank's digital transformation is positioned as a means of sustainable growth while seeking to provide more meaningful relationships with customers and maintain its profit-sharing model. The migration to the 10x Banking platform is expected to deliver benefits in operational continuity, development of real-time product innovation and improved experiences across channels. According to the companies, such a transition is essential for sustaining the Co-operative Bank's long-term ability to share profits and maintain competitive, community-focused financial services in New Zealand. Lewis Ide, Senior Vice President, APAC at 10x Banking, highlighted the significance of the move for local banking technology development. "New Zealand is a dynamic market undergoing rapid transformation. By partnering with The Co-operative Bank, we're bringing our cloud-native platform to a uniquely customer-focused, community-owned institution. We see this as a pivotal moment in APAC's banking evolution - one where technology empowers banks of all sizes to scale new heights and deliver the secure, and personalised experiences customers expect. We're excited to work together to build better banking experiences for New Zealand's customers over the next century." The phased approach to the core banking migration is designed to ensure minimal disruption for customers while granting the Co-operative Bank greater agility in launching new services and responding to evolving customer needs. Since 2013, the Co-operative Bank has returned more than NZD $24 million to its customer-owners through its profit-sharing scheme. The bank reports it currently employs a team of 400, serving customers nationwide through its physical and digital channels. The partnership's focus on shared values and sustainable banking practices comes at a time of increasing digital transformation initiatives across the New Zealand banking sector.


Scoop
08-08-2025
- Scoop
On A Clueless Government Running A Jobless Economy
One of the whoppers told regularly by Nicola Willis and Christopher Luxon is that National inherited a terrible, no good economy from Labour, with rampant inflation and sky high interest rates that they have since -allegedly- brought under control. In reality, Labour had already got inflation under control. The inflation rate had fallen during the last quarter of 2023 to only 0.5 %. The annual inflation rate was 4.7% in December 2023,heading downwards from the 5.6% reached in the September 2023 quarter. In other words, what National inherited was the bog standard inflationary bubble that every developed country in the world experienced in the aftermath of measures taken during Covid to protect jobs and save firms and entire sectors (eg tourism) from plunging into what would otherwise have been the worst recession since the 1930s. At the time, business was calling for these inflationary support measures to be bigger, and to be kept in place for longer. To repeat: by the time the Luxon government took office, inflation was already in decline. Meaning : for Willis to be still blaming this week's terrible unemployment figures on the previous government is truly desperate stuff. People are out of work at levels unseen since the pandemic because of the ideologically-driven mistakes made by Willis and her Cabinet colleagues. For and Co (a) needlessly sacked tens of thousands of public servants (b) virtually shut down the construction industry at the estimated cost of 14,000 to 17,000 jobs in this sector alone and (c) pursued austerity measures when the weakening economy was actually in need of a government stimulus, which would have been the orthodox response to an economy teetering on recession. Instead, Willis slammed the brakes on. In desperation, the government is now turning for salvation to the Reserve Bank, and expecting the Bank to do the opposite, and stimulate the economy (and household spending) with interest rate cuts. Rate cuts are unlikely to do the trick. When people are being randomly sacked, are fearful of losing their jobs and are having the real value of their wages cut, it will take a lot more than a 25 point or 50 point rate cut to get them back spending up large in shops, cafes and restaurants. Retailers hanging on for a consumer-led recovery might be better advised to cut their losses and move to Australia. Because the policies of this allegedly 'business friendly' government are burying them alive. Counting the costs Here are the grisly details. Unemployment is running at a seasonally adjusted rate of 5.2%, the highest rate since the pandemic in 2020. That means roughly 158,000 New Zealanders are out of work. Tens of thousands more are under -employed. These are the people working in part time jobs while wanting more, or people who have simply given up looking for jobs that no longer exist. At the same time, Social Development Minister Louise Upton is flogging them with benefit sanctions if they fail to persist in this fruitless exercise. The jobs outlook is dim. As Stats NZ figures indicated this week, underemployment is accelerating : The underutilisation rate, a measure of untapped labour market capacity which includes people who are unemployed or underemployed, was 12.8% in the June 2025 quarter. It was 12.4% in the March 2025 quarter and 11.9% in the June 2024 quarter. At the same time, the ratio of people in paid work is falling : The employment rate was 66.8%, down from 67.1% in the March quarter and 68.3% a year ago. Wages are also in decline: Annual wage inflation was 2.4%, compared with 4.3% in the June 2024 quarter. Young people (and others) have read the signs and are leaving for a better life in Australia and beyond. What trained graduate with a big student loan wouldn't do likewise? In Auckland, the jobless rate is estimated to be over 6%. Wellington's jobless rate has risen from 3.4% twelve months ago to 4.8 % now, after Willis took a chainsaw to the public service, to the detriment of the Capital's retail economy. The few signs of life are out in the regions, where the benefits of high commodity prices on global markets are trickling into provincial towns and cities. Thanks to foreigners. The domestic battle against rising costs is being lost. Annual inflation is currently running at 2.7% i.e. ahead of the 2.2 % wage growth in June 2025, which was the lowest reading since June 2021. Wages are set to sharply deteriorate further – given the 1% wage offers being put on the table for teachers, and the 3% (over two years!) pay offer to nurses. There is an ugly term for the ugly condition being created by the raft of contradictory government policies: stagflation. It occurs when efforts to stimulate growth get cancelled out by policies to keep inflation in check. Businesses facing rising costs lay off staff, and when demand falls, they lay off more in a negative spiral that they then try to counter by raising their prices. Costs and job losses mount in tandem. The result is stagflation: a condition marked by high prices, slow growth, high unemployment and prolonged economic stagnation. It can last (eg Japan in the 1990s) for a very long time. We shouldn't be in this mess. Basically, the Luxon government had one job to do. It had to continue the battle against inflation that was already being won in late 2023, at the time when they took office. It has bungled that job, spectacularly. (So much for the myth that centre-right governments are better at running an economy.) To cap things off, the coalition government may be re-losing the fight against inflation as well. The latest ANZ Roy Morgan poll makes grim reading on that point : Inflation expectations lifted 0.2 pts to 5.1%, the highest since April 2023. Food price inflation of 4.2% y/y probably has a lot to do with it. Footnote : Incidentally, that's a thing to keep in mind about the averages in official statistics. The headline news has been that inflation is back within the RBNZ's target range of 1-3%. That offers little consolation to households where people are losing their jobs, the real value of wages is falling and food prices are still increasing at over 4%. That is also not a scenario in which a consumer-led recovery is going to break out anytime soon. Out of Work Songs about hardship are eternal, and this beautiful song by Stephen Foster - America's first professional song-writer – was written in 1854, 171 years ago. Great rendition here by Jennifer Warnes and a few of her friends : It may sound even more dated, but the sentiments of this early 1980s track by Gary US Bonds are also timeless. 8 A.M., I'm up and my feet beating on the sidewalk Down at the unemployment agency, all I get is talk I check the want ads but there just ain't nobody hiring What's a man supposed to do when he's down and Out of work I need a job, I'm out of work

RNZ News
05-08-2025
- RNZ News
Quarter of all tenant applications to Tenancy Tribunal relate to concerns about Healthy Homes
Tenants most often sought the recovery of a bond, damages due to landlords breaching obligations and compliance with Healthy Home standards. (File photo) Photo: 123RF About a quarter of all tenant applications to the Tenancy Tribunal relate to concerns about Healthy Homes standards, but industry commentators say most landlords are meeting obligations. In its latest annual report, the Tenancy Tribunal said there were 29,309 applications made to it in 2024, up 14 percent compared to 2023 and up 43 percent compared to 2022. About three-quarters came from landlords and 66 percent of all claims related to rent arrears. Tenants most often sought the recovery of a bond, damages due to landlords breaching their obligations, or compliance with Healthy Homes standards. From July 1 this year, all rental properties had to comply with Healthy Homes rules , which set minimum standards for heating, ventilation and insulation. Tenants living in a home that is not compliant could take their concerns to the Tenancy Tribunal. The Ministry of Business, Innovation and Employment, said in 2024, 1412 applications to the tribunal related to a Healthy Homes concerns. In the 2025 financial year, it was 1394. Economist Ed McKnight, from property investment firm Opes Partners, said this was a factor in about 29 percent of tenants' complaints. "That sounds high. But there are approximately 600,000 rental properties in New Zealand. "So only 0.2 percent of rental properties had a tenancy complaint regarding the Healthy Homes Standards." He said the numbers indicated property investors had taken the rules seriously. Matt Ball, a spokesperson for the NZ Property Investors Federation, said the number of applications should start to drop now that all rental properties were required to be covered. But Sarina Gibbon, general manager of the Auckland Property Investors Association, said there could be "systemic illiteracy" about the standards, and tenants might not feel they could push back. Sarina Gibbon, general manager of the Auckland Property Investors Association said tenants may feel as though they cannot push back against landlords. (File photo) Photo: Supplied "The power imbalance inherent in tenancy relationships is not abstract. It's basically a butter knife we put in tenants' hands and say, 'There, go fight your battles.' "I can go on and on about the systemic illiteracy; it is pretty endemic - I see it everywhere, among landlords, tenants, property managers, vendors, assessors, and real estate agents. There's a lot of bad [Healthy Homes] information in the marketplace and it is concerning how many landlords are relying on them as professional advice." Ball said the big increase in applications overall was probably driven in part by an increase in the number of people renting. "Active bonds increased from 374,298 at the start of 2020 to 424,383 at the end of 2024, a 13 percent increase. Over the same period tribunal applications went up 31 percent, so this is close to half of the reason." He said the tribunal now offered a wider range of options to resolve disputes, which were faster and cheaper than a full hearing and could make it more likely that people would lodge an application. "For example, both fast-track resolution and mediation provide a faster way to resolve a dispute and are increasingly used by both parties. It's interesting to note that the percentage of applications which actually required a hearing fell from 50 percent in 2020 to 44 percent in 2024." Overall, in 2024, tribunal hearings for residential tenancy cases were conducted on average just under 10 weeks after filing. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.