NZ Keep Growing

[chrisgoh]

Tourists boost NZ 4th-quarter GDP, annual growth at 7-year high

[chrisgoh]

Looks like NZ has many more years to grow, as long as blue is in power

[chrisgoh]

Looks like our Ozi brothers are flocking here too...

Grass greener this side of the Ditch

[Wayne]

And now getting much less NZ$ than they used to with the exchange rate pushing parity.

[chrisgoh]

RBA leaves official cash rate unchanged at 2.25 per cent. Save AU$ from parity with NZ$.

Dollar falls against Aussie as cash rate left unchanged

[chrisgoh]

Bernard, "If you are reading this and you don't own Auckland property, this will probably ruin your Sunday"

Door closes on Gen Rent: The proof is in the figures

[eri]

have some elderly kiwi friends

been in oz for years

now returning as pensions aren't means tested here

like there

[speights boy]

^ That's a shame.
Retirement should be about be living in a location with a wide of choice with friends, acquaintances, hobbies and activities to enjoy.
Not having to move countries to chase a few extra quid.

[Damap]

They can't get a pension until they have been back 5 years if been away for a long time.

[Wayne]

have some elderly kiwi friends

been in oz for years

now returning as pensions aren't means tested here

like there

Don't yu have to have worked in NZ for at least 5 years from age 50?

[speights boy]

Since when has working been a requirement of receiving our Super ?

[speights boy]

Looks like NZ has many more years to grow, as long as blue is in power

Analysts predict dairy disaster ahead

Dairy price forecasts are turning ugly with analysts predicting steep global market falls still to come and the slump lasting longer than New Zealand farmers expect.

http://www.stuff.co.nz/business/farming/dairy/67679361/analysts-predict-dairy-disaster-ahead

[Wayne]

Since when has working been a requirement of receiving our Super ?

Good point - the rule is
You may be able to get New Zealand Superannuation if you:

• are aged 65 or over
• are a New Zealand citizen or permanent resident
• normally live in New Zealand at the time you apply.

You must also have lived in New Zealand for at least 10 years since
you turned 20. Five of those years must be since you turned 50.

http://www.workandincome.govt.nz/individuals/65-years-or-older/superannuation/superanuation-overview.html

So if you are 65 and come back to NZ (having lived and worked in Aus for most of you adult life (or certainly from before you were 50) you would have to wait 5 years before getting NZ Super.

What would they be eligible for in Aus assuming they don't have full residency (ie allowed to work and pay tax but not get a benefit)?

[eri]

don't know the numbers

but if they had been 55 + they moved to oz in 1995

they might decide it was time to return

[chrisgoh]

Those who want to cash out your Auckland properties, you may want to read this...

Ponsonby first home now worth $1.5 million