The end of the holiday season can be a challenging time, especially if it coincides with the end of a relationship for some couples.During this emotional process, it can be an unsettling and difficult time, not to mention adding extra stress on top of your usual responsibilities.There can be a lot of challenging aspects, and if you're navigating the aftermath of a recent breakup, it's completely understandable to have a whirlwind of concerns about finances, property, childcare, and the division of assets—each adding to the emotional weight of separation. If this sounds like your current situation we are here to help. Relationship propertyIf you and your ex-partner were together for three years or more, you are likely entitled to a 50/50 split of relationship property. But every situation is unique.Relationship property usually includes the family home and chattels such as furniture, cars, tools, appliances and even pets.It can also include shares, investments, additional properties, Kiwisaver and Superannuation schemes. ParentingIf you and your partner have kids together,  you might be wondering about everyday child care.Sometimes it's hard to agree. If you are unable to reach an agreement with your ex-partner, you may wish to attend family mediation or seek a Parenting Order from the Family Court.Mediation in many cases can be a helpful and effective way to resolve disputes and come to agreements during a breakup. Mediation involves a neutral third party who helps facilitate communication between both parties and assists in finding mutually acceptable solutions.  What we can do to help Navigating the legal aspects of a breakup can be overwhelming, especially when emotions are high.It is highly recommended to seek legal advice from a qualified lawyer specialising in family law. They can provide guidance and support throughout the process, ensuring that your rights and interests are protected.At Checketts McKay, we can take you through all the steps to settle relationship property, find a workable childcare plan, protect your financial assets, and complete a dissolution of marriage.We have an experienced team of family lawyers ready to guide you through the process. For more information, please visit our website linked here: https://cmlaw.co.nz/     

Understanding property trends is important if you are thinking about buying, selling or renting, but it can be challenging trying to keep up. Whether you're a seasoned investor, a first-time homebuyer, or someone exploring the rental market, the key is to stay informed so you can make the best decisions possible.As someone who has been in the real estate field for a while now, I've had to observe and navigate the ever-evolving landscape over the years. I've learned what's important and which trends can significantly influence the property market, and from this experience I'd like to share with you what you can expect in 2024.Let's dive into the world of property, where knowledge is your greatest asset!More investors in the housing marketBig news for potential property investors in 2024! The new government announced pre xmas that key changes will be made to the brightline rules, which will start from the 1st July 2024. The new rule allows homes to be sold to be free of the bright line tax after two years instead of the previous ten. This change is expected to make the property market more appealing to investors.Another significant change is tax deductibility on interest which results in 80% being phased in by the 1st April 2024, and the balance next year. With the likely increase in investors it may affect first-time buyers, who have had an easier time in the housing market without as much investor competition. AvailabilityNew Zealand has seen a significant population shift, with approximately 30,000 people leaving the country, but 150,000 coming to New Zealand over the past year, leaving a net total of approximately 120,000 people by the end of November 2023. This has created a demand surge in the rental and property market, and will continue into 2024.Of note, at the end of 2023 the new government signalled a warning that this is not sustainable, so expect some moderation in next year's net migration figures. For individuals, first home buyers, and investors considering property investments, this trend suggests a steady growing market, with several economists picking growth this year at around  6% to 10%. The level of growth will also depend on your region. Additionally, for renters, it's wise to anticipate potential increases in rental prices so maybe a good time to explore home ownership options proactively to secure property amid heightened demand.  Retirement Over the past 30 - 40 years, Central Otago has seen a significant increase in its retiree population. With one of the highest populations of people aged over 65 in the country, many baby boomers are opting to downsize or move into retirement villages as they enter their golden years. The availability of many new retirement villages in the Central Otago and Lakes District have made it possible for people to move easily to retirement villages earlier than they would have before and notably not move away from the area through lack of good retirement village options.One notable local development in this regard is the beginning Stage Two of the Aurum retirement village in Clyde. This expansion will provide even more local homes for sale as more people move into these retirement villages.While it is great for locals, it is also appealing to those outside of the region. The increase in inquiries from outside Central Otago, including individuals from Dunedin, Invercargill, and even the North Island, suggests that more people are considering retiring in this region. The appeal of the beautiful landscape and peaceful lifestyle that Central Otago offers is drawing retirees from all over the country. Many people are starting to invest into Central Otago with the mind to retire later - getting their foot in the door while they can.  Interest RatesGood news for those looking for home loans! Banks are starting to reduce interest rates on various terms, providing borrowers with more confidence. Potentially resulting in reduced rates at the end of 2024 and early 2025. As an example Kiwibank recently reduced interest rates for the two-year term from 7.05% to 6.89%, the three-year term decreased from 6.89% to 6.75%, the four-year term decreased from 6.79% to 6.69%, and the five-year term decreased from 6.79% to 6.59%.  This downward trend in interest rates will give a massive amount of confidence to those borrowing money, as people feel that mortgage rates have peaked, and are now looking to lock in a good rate going forward. You can find out more information by clicking here Sections and Lifestyle In recent years, the property market has undergone significant changes, and these trends are expected to continue into 2024. Specifically, the past six months have seen a slowdown in new property development due to the escalating costs of building materials over the past two years, and land and section values increasing by 100% - 300% over the last four years. This has resulted in people shifting their focus from building their own homes to buying existing properties. The increase in existing-home sales with the lack of new builds has put additional pressure on the existing housing stock, leading to increased demand and will potentially drive up house prices.Given the increased demand for existing housing stock, consider working closely with real estate professionals who can provide insights into upcoming listings and potential opportunities. Be open to exploring neighbourhoods that may not have been your initial focus, as this flexibility could lead to more favourable options. Affordability has driven many buyers down river and the Omakau and Roxbrough areas are becoming more attractive. Rentals Over 2023 and into 2024, the rental market had continued experiencing significant changes and trends. One notable trend that has emerged in recent years is the continued high demand for rental properties across Central and Lakes and a substantial increase in rental prices. Over the past three years, the value of renting a property has gone up by 40% - 50% on average.  This increase in rental prices can be attributed to several factors, including changes in government policies. Changes in tenancy rules, tax deductibility, and the bright-line test have scared off many investors from the rental market. We may see a further reduction in rental stock with new tax benefits of selling earlier. Of note, rental accommodation in Alexandra and Clyde are catching up to similar prices that you would find in Cromwell, where they used to be around $450 for an average three bedroom home and now the market is closer to $600 - $650. This is due to the continued lack of affordable housing options in the Lakes region (Wanaka and Queenstown), requiring more workers to commute from nearby towns such as Cromwell, Alexandra, and Clyde. This further exacerbates the demand for housing in those areas, potentially driving up prices and limiting availability. So that's a glimpse of 2024...As you can see the property market is ever-evolving and influenced by numerous factors. As we look ahead to 2024, several market trends are expected to shape the industry, which will affect everyone at any stage of their property journey. While I've mentioned a few, there are many ways to avoid some bumps and potholes in the property market so if you are thinking about making a change feel free to contact me.  

As of 5 October 2023, the clock is now ticking for all Incorporated Societies (Societies) to review their operations and prepare for re-registration under the Incorporated Societies Act 2022 (the Act). There's no need for panic just yet as you have until 5 April 2026 to re-register.What has changed under the new Incorporated Society Act?The changes modernise existing procedures, call for more structured governance, and create more accountability and transparency for all involved. It's crucial that members, particularly those at the board/committee level, are aware of how the changes impact them and the processes they need to follow. There are useful online resources to guide your society through these changes; a good starting point is the incorporated societies website. How to re-register for the new Incorporated Societies ActThe re-registration process involves societies reviewing their existing constitutions and either making simple amendments, or fully re-drafting to comply with the Act.Once the Society is satisfied its constitution and processes meet the Act's requirements, it should complete and submit an application form for re-registration with the incorporated societies register.What happens to your Society if it doesn't register?If your Society does not re-register in time it will cease to exist, and the registrar could direct how to distribute any assets it owns. This removes the legal identity of the Society and will impact your operations going forward. Where else can we find help with the Incorporated Societies Act?At Checketts McKay Law, we're happy to help our local community groups. Please get in touch if you need any guidance on the process. You can find our contact details on our website by clicking here.

As we all juggle our business commitments with the pre-Christmas rush and the summer holiday period that follows, the hiring process can be daunting at a time when you are already busy – what if they do not have the skills they say they have? What if they struggle to cope under pressure? How do you know that they will be a good fit? How can you shorten the process?What is a "trial" shift?In positions where practical skills are required, employers are often keen to give candidates a “trial” as part of the interview process before offering them a job. It seems like a simple proposition – however, it is one that needs to be carefully navigated to prevent any future headaches.For a simple test of a candidate’s skill, the ideal situation is to complete a task as part of their interview process (e.g. make a coffee) which you do not then go on to sell or gain from. When conducted in this manner, the risks are negligible.However, if we take that example of interviewing a barista, yes, they can make one wonderful coffee, but can they maintain that quality in a busy shift? If you want to trial them for a shift or part of one, you must tread carefully.What should you know about trial shifts?Firstly, if you are going to make a commercial gain from their work then you MUST pay them! Employers cannot use trials as a source of free labour; you could easily be found in breach of the Employment Relations Act for that!For short seasonal fluctuations, you could offer casual work to fix your immediate problem however, casual employees aren’t obliged to accept any hours you offer, which may not provide the reliability you require. An alternative would be to offer a permanent or fixed-term position with a 90-day trial however, if they have done a trial shift, you may need to think again. Having prior knowledge of them in the workplace could invalidate your ability to implement a full 90-day trial.How the law would treat paid trial shifts is a little unclear. A definitive answer on whether you acted within your Employment Law obligations requires any personal grievance to be heard by the Employment Relations Authority. This could mean a process of approximately 12 months, unnecessary stress, and costly legal fees. So, what’s the solution?The easy option is to forgo the trial shift and rely on your 90-day trial. However, if you wish to include a trial shift as part of your selection process and have a 90-day trial included in your job offer, the potential employees must explicitly know about the 90-day trial before the trial shift, with reasonable time to consider the implications in advance of agreeing to it, for it to be legally relied on. This agreement should be in writing.The starting date for the 90 day trial period would be the date of the paid trial shift, even if this is two weeks prior to their actual start date. The updated terms of employment will be effective from the first shift of the permanent or fixed-term job offer.To support your new hires in the workplace and ensure a pathway to success with your organisation, you can minimise the need to invoke the 90-day trial period by developing and monitoring an internal induction programme to provide clarity around your expectations, and to quickly identify training needs for your new staff. Need help navigating employment law?At EASI NZ we specialise in supporting small to medium businesses to successfully navigate their employer obligations in line with organisational strategy and values.  

Buying and selling property, Wills and enduring powers of attorney, relationship property division and divorce, care of children arrangements and criminal proceedings all benefit from and often require – a lawyer’s expert advice.That’s why we at Checketts McKay have jumped at the opportunity to offer advice to the Central Otago community in 2024. Through regular columns, we hope to help you to better understand legal issues that impact your life.A new government, and consequently a likely raft of law and policy changes will be introduced in the next year or so. We’ll keep you informed regarding of some the changes you will need to be alert to, so you can be pre-emptive in sorting your affairs out and identify potential issues before they become problematic.Guiding locals through legal issues and changes is something we have been doing since the 1880s when Checketts McKay was first established.Our practice covers Central Otago and the Southern Lakes, and our team of experts are poised to respond to whatever life throws at our clients, serving individuals or businesses, townsfolk or rural residents, entrepreneurs or retirees.For many people, engaging a lawyer is a last resort and that’s okay. There’s plenty of scope for you to make good decisions, prepare well, and take care of details to mitigate the need for lengthy legal consultations. That’s how we can help.But we also know from experience, that there can be negative long-term consequences to not seeking legal advice when needed. Sometimes it is better to spend time and money on getting things right in advance to save in the long term – just ask anyone who has lost aloved one without a Will in place. One of our goals is also to help you to identify when you need the professional services of a lawyer.Community, Support, and Expertise are Checketts McKay’s guiding values. Our 40-odd staff are members of and contributors to the local community, and as a firm we love to give back which is why we are involved with supporting our region’s schools and community groups.Checketts McKay has actively grown with the district since the gold rush days, and we are excited to be able to offer you ongoing advice as Central Otago marches into the future. If you need local legal expertise, our door is always open, and you can find us on The Central App under Professional Services.

Summer is the ideal season for selling your home in New Zealand. More buyers are house hunting, the weather is beautiful, the days are longer, and the fact that properties simply look better under the sun means you may be able to fetch a better price for your property. As a real estate agent myself, here are my top tips to make sure you make the most of this season and get the best possible deal.Create the best first impressionWhen it comes to selling a house over the summer, entranceway presentation is essential. All potential buyers will form an immediate opinion of the property based on their first impression, so it's important to make sure the entranceway looks its best.I would recommend starting by sprucing up your front door, as it's the first thing visitors see, so make sure it looks attractive and inviting. Adding a nice welcome mat can also give it a charming touch. Don't forget to take out all the rubbish from the entranceway so that it remains clean and presentable.  Spruce up your gardenThe condition of your garden can be a major factor in how quickly it sells and for what price. A neat garden can make a huge difference in making potential buyers feel welcome and at home. To make sure your garden is as appealing as possible, I would recommend making sure your lawn and pathways are mowed neatly. Trimming and shaping any trees or bushes and removing any dead plants or debris from the garden can also notably improve the outdoor living space. To make your garden looks even better, add mulch to your garden/flower beds with attractive dark compost or wood chips to give them a fresh look and help retain moisture. Clean the windows A straightforward yet powerful way to enhance your home's appeal is by ensuring clean windows. This simple step allows natural light to flood in, creating a brighter, more spacious atmosphere that perfectly captures that summertime vibe. You'll even be able to show off the outdoor space that you've put so much effort into! Shampoo your carpets (especially if you have pets)When it comes to selling your home during the summer, the condition of your carpets can make a big difference. Imagine stepping into a house where the carpets are spotless and smell fresh—it immediately creates a positive impression on potential buyers. However, if you have pets, keeping your carpets in top shape becomes a bit more challenging. Pet fur, stains, and odours have a knack for embedding themselves in carpets, making it harder to remove them, so it's a good idea to tackle this issue head-on by shampooing your carpets early. Create a lived-in feel for home stagingStaging your home is an important step to take when selling your house this summer. Fortunately, it doesn't have to be a time-consuming or expensive process. A few simple updates can go a long way and help create a warm and inviting space for potential buyers.You can revamp each room by incorporating new throws, blankets and pillows. These additions infuse a cozy and lived-in charm that's perfect for the season. Additionally, decluttering is key—remove any unnecessary items or surplus furniture that might be crowding the area, allowing the home's inherent appeal to shine through. Introducing some greenery can work wonders too. Consider adding potted plants to breathe life into your space. Not only do plants add vibrancy, but they also inject a pop of colour, enhancing the overall visual appeal and creating a more inviting atmosphere. Enhance lighting If you want to make your home more attractive to potential buyers during the summer months, then lighting should be one of your top priorities. Natural light is always desirable, especially in the summertime, so pull back the curtains in every room to bring in more natural light and create a brighter atmosphere. For areas with limited natural light, consider upgrading to higher wattage lightbulbs. Creating a bright house can significantly improve the ambience and add a nicer overall feel to your home. Remove excess personal items While it's wonderful to cherish your family memories, when selling your home, it's advisable to minimise the number of personal items, especially multiple family pictures on every wall. These personal touches can inadvertently divert the attention of potential buyers, potentially detracting from the space's appeal. After all, you wouldn't want too many curious eyes wandering during showings. Use the warmer months for paintingPainting your house before selling it in the summer is also a great step in the right direction. A fresh coat can significantly boost curb appeal, a key factor in attracting potential buyers. Additionally, the summer's hot weather and dry conditions can work in your favour—the paint dries swiftly during this season. This quick drying process ensures you can complete the painting job efficiently without concerns about extended drying periods. Consider all the sensesHumans often rely on all their senses when making significant decisions. Whether it's buying a house, choosing a meal, or even selecting clothing, our senses—sight, smell, touch, taste, and hearing play vital roles in shaping our perceptions and influencing our choices. This means the smell of your home holds significant weight. To infuse your space with a fresh summer ambience, begin by opening all the windows to let stale air out—it's an instant turnoff for potential buyers. Additionally, consider using infusers or oil diffusers to introduce delightful scents that resonate with the season. These touches can truly elevate the overall appeal of your home.I hope these tips were helpful! Whether you're selling your home or simply refreshing your space, summer is the perfect time to begin.Need some help or tips on preparing your home for sale? Come in for a chat at the Tall Poppy office in Alexandra or you can contact us for more information.   

So, you are holding cash: Is it your emergency fund? Is it your savings? Is it the dry powder in your investment portfolio?It may feel comfortable, but over time it can erode your purchasing power and expose you to inflation risk. Let’s look at why leaving too much of your wealth in cash long term may not be the best decision, and what you can do instead to achieve your financial goals.Cash has lower expected returns compared to other asset classes, such as shares, bonds, real estate, or commodities.Data from Morningstar shows this, albeit using US figures, but given the US is the largest economy/financial market and much KiwiSaver money is now invested offshore, it’s a reasonable benchmark.The average annual return for cash (measured by the 3-month Treasury bill) from 1926 to 2020 was only 3.3%, while the average annual return of shares (measured by the S&P 500) was 10.2%.This means that $1 invested in cash in 1926 would have grown to $21 by 2020, while $1 invested in shares would have grown to $9,237. That is a dramatic difference in wealth accumulation over time.Cash also has a negative real return after accounting for inflation.Inflation is the general increase in the prices of goods and services over time, which reduces the purchasing power of money. The average annual inflation rate from 1926 to 2020 was 2.9%, which means that the real return of cash (after subtracting inflation) was only 0.4%.Consequently, $1 invested in cash in 1926 would have lost 95% of its value by 2020, while $1 invested in stocks would have increased its value by 1600 times.Cash is not always a good hedge against market volatility or downturns either.While cash is easily accessible and offers stability during periods of market stress, it also prevents you from participating in any market recovery and growth.For example, during the global financial crisis (2008-2009), many investors sold their stocks and moved to cash, hoping to avoid further losses. However, by doing so, they also missed out on the subsequent rebound and rally that followed.From March 2009 to December 2020, the S&P 500 returned 18.4% per year, while cash returned only 0.5% per year.After 2022’s dismal performance, cash might look tempting. While there has been some recovery this year it has not been without unsettling volatility.If you sat in cash over the last year until 31 October, you got a fairly decent NZD cash rate of 5.07%. Sounds good, but you would have missed the 10.37% rise in the MSCI World Share Index in New Zealand Dollar terms.So, what should you do instead of stashing cash over the long term?The answer depends on your risk tolerance, time horizon, and financial objectives.After allowing for emergency funds and any cash needed in the next two to three years, a general rule of thumb is to look to diversify your portfolio across different asset classes and sectors AND to rebalance it periodically to maintain your desired allocation and risk level.You should also have a clear investment plan and stick to it, regardless of market fluctuations or emotions.By doing so, you can increase your chances of achieving higher returns, preserving your purchasing power, and reaching your financial goals.We at Collinson Wealth Partners are only too happy to explore these options with you. We can help prioritise your goals and uses for cash that you may currently have sitting in your account or current investment portfolio.The information contained in this publication is general in nature and is not intended to be personalised financial advice. Before making any financial decisions, you should consult a professional financial adviser.Collinson Wealth Partners believes the information in this publication is correct, and it has reasonable grounds for any opinion or recommendation contained in this publication on the date of this publication.

When I was working in London, an old boss of mine told me “the only thing I hate is moaning because there is always a solution to anything.” I have never forgotten that comment. In fact, I have tended to live by it.Now, I am sure that statement isn’t true all the time, but what it has taught me is the importance of being resilient and believing in yourself. If you do so anything becomes possible. It’s a similar idea to “what you put in is what you get out.”Why am I bringing this up now? Well, I think we just witnessed just how far one can get with resilience and self-belief thanks to the All Blacks’ performance at the Rugby World Cup. They have set a great example for all of us in business.OK, the All Blacks didn’t get the ultimate result we all so desperately wanted, and, yes, a certain TMO official needs to be ‘binned’ himself moving forward, but the resilience and belief the All Blacks showed both throughout the tournament and in the final is something of which all New Zealanders can be extremely proud. It should inspire us in that it showed if you truly put your mind to something, it can be achieved with a strategy, hard work, and self-belief.Business resilience is the ability of an organisation to quickly adapt to disruptions, while keeping the business going and simultaneously safeguarding people, assets and brand reputation.Eighteen months ago the All Blacks were in turmoil. They had lost to teams they had never lost to before, two assistant coaches were sacked, and a lot of passionate NZ rugby fans were calling for the blood of the coach. Despite that, and many fans writing them off at the World Cup, the team defied adversity and turned everything around to all but lift the trophy.That same attitude goes a long way in business. It’s important for organisations to have a resilience strategy. That might involve developing flexible operations so you can adapt quickly to changes in the workforce or suppliers, for example. It might mean investing more in digital processes, embracing automation, exploring flexible working hours and locations, speeding up product development and so on.It’s also important to build your own personal resilience and self-belief. That can be doing simple things like making sure you take time off for exercise or to spend with family, or making the time for a regular catch up with a fellow business owner so you can support one another.Don’t put building resilience in the too hard basket. Spend time on it and trust that effort will reap rewards and it will. I think the All Blacks proved to us on the biggest stage of all, in that heart-wrenching final. I just hope that their performance inspires many Kiwis to build resilience and self-belief so they can see there isn’t a glass ceiling to hold them back from achieving whatever they chose to pursue.Signing off as a proud All Black fan.

Have you ever heard “we’re paying market rate for this position” and wondered what is meant by ‘market rate’?Market rate is the remuneration that is typically paid for a particular job in a specific location.But what if you’re the only rocket engineer in Miller’s Flat? What is the ‘market rate’ then?Competitive pay is essential for attracting and retaining talent and in rural areas there is no set market rate for many jobs. With the cost of living rising all the time, it can be tough to strike a balance between paying your employees fairly and keeping your business afloat. Central Otago is one of the more expensive areas of the country to live, so wages need to enable people to pay their bills and stay here.You can go down a few rabbit holes trying to work out a pay bracket for a certain job in a certain sector, but how do you really know you’re pitching it right or if it’s being pitched well to you?For up-to-date information on payrates, you can look at job boards like Seek and Trade Me Jobs or check government sites (MBIE, Statistics NZ) for official wage data. There’s also free access to annual salary reports issued by recruitment organisations across more common sectors such as medical, legal, education, and trades.Savvy employees use ‘market rates’ to make informed career choices. If you're thinking about starting your career, switching jobs, or relocating, it's important to research the market rates for your desired role and location. This will give you a good idea of what salary to expect.If you are an employer, ask yourself what the cost is right now per week/month/year you don’t have that key person in the team. Crunching numbers often ends with the realisation that it could be high!Consider the added stress on yourself and potentially other employees of being understaffed. (Well-being in the workplace is something we’ve previously covered here.)Through this exercise you can start working out a salary range/hourly rate that your business can afford and the growth and increased revenue trajectory you would be looking at based on clearly communicated expectations. Work out what investment you can give and what you can offer to make the role attractive to get the right person for the job!As an employer negotiating salaries, be sure to consider the skills, experience, and contributions that person will bring to the company. You may also factor in other benefits such as flexible work arrangements, healthcare, professional development opportunities or whatever else might be on the table to sweeten that ‘market rate.’ Is there a clear path to career advancement through growth in the business? This can be a good option for a higher salary in the long term.Increasingly, individuals are opting for lower-paying positions in companies that prioritise work-life balance and uphold values aligned with environmental or community impact, reflecting a genuine commitment to making positive contributions and meaningful change. This direction of focus is encouraging, and hopefully this trend continues to guide our collective efforts in the long run.That being said, bills still need to be paid so balancing fair compensation with a positive work environment, career advancement opportunities, meaningful work, and a healthy work-life dynamic can be a win-win situation for all!At EASI NZ we have a wealth of local knowledge and insights into different industry roles and are always happy to offer support in this area.

If working hard, building relationships in the community, and giving up weekends appeals to you then you might just have what it takes.There are around 16,000 licenced real estate agents or entities in New Zealand, a number that fluctuates depending on the volatility of the housing market. Some commit to the job as a full-time career, but the nature of the work means it suits those who are looking for part-time gigs too.Here’s what you need to know:Qualifications: In NZ, there are various qualifications you need depending on the level of licence you are aiming for. To start with, you can become a real estate salesperson with eithera New Zealand Certificate in Real Estate (Salesperson) (Level 4), ora National Certificate in Real Estate (Salesperson) (Level 4).Recognised property degrees are also valid. As your career progresses, you can complete other qualifications along with work experience. It generally takes less than a year to become qualified to sell property.Character: You need to be 18 or older and a fit and proper person. The test of “fit and proper” character is important as you will have legal responsibilities, be involved in financial transactions, and need to be able to follow ethical and legal guidelines and codes of conduct. You cannot obtain a real estate licence if you have certain prior convictions, particularly around dishonesty.Income: The money you take home is typically a reflection of the work you put in, as with all sales jobs.All agencies are slightly different, but here at Tall Poppy sales consultants are the recipient of both the listing and selling share of the commission. Some agencies offer a retainer as well as commission, especially for new agents. Experienced agents typically work solely for commission.Responsibilities: A real estate salesperson will need to be able to build relationships with buyer and sellers, negotiate, be accurate with paperwork, advertise and market properties, manage open homes, and research and understand the property market. A people person with a good head for numbers and a good understanding of the sales process and negotiating will go far.Real estate sales is often about match making buyers and sellers and not a strong sales pitch.Working conditions: The hours can be irregular and long, with weekend and evening work required, but there is often flexibility. At Tall Poppy, for example, we don’t use traditional offices so you can work the way you want from where you want. Given the size of our region, a reliable vehicle is a must.Different agencies will offer potential agents different packages so it pays to ask around to find a workplace that suits you.If you are keen to explore reals estate as a career, I am happy to share my advice and experience; just get in touch.

Most of us own at least one car, but how many of us understand how to best insure our vehicles?Generally, there are three levels of car insurance, all including protection against most claims for damage that you cause to someone else.Third Party Only: This is really “Help, I damaged someone else’s stuff while driving and it’s my fault” cover.If you make contact with someone else’s property while driving (reverse into building, misjudge a car park, don’t see a car in front stopping) and you are responsible for the damage, then Third Party Insurance will respond and work with the other person’s insurer to sort out costs. You will be responsible for your agreed excess.This is the lowest cost cover, but only protects other people. It does save you from having to pay for someone else’s repairs/replacement, possibly over many years.Third Party, Fire & Theft: This is Third Party Only car insurance plus cover for your vehicle if it is stolen (or damaged in an attempted theft) or catches fire. It can include some cover for damage to your vehicle if caused by another identified driver.This policy type covers any damage that you are legally responsible for while driving and either an agreed value or market value cover that will pay out if your car is stolen or burnt out.It gives you some protection for what is often one of your biggest assets, but generally doesn’t cover your car against accidents while driving. For domestic cover, you may be able to extend this to include windscreen/glass cover.Comprehensive: This includes everything already mentioned, plus it will cover the cost to get your car back into the condition it was in prior to an accident (or to replace your car to agreed value/market value). Cover includes storm/flood damage, replacement of lost or stolen keys, and protection against uninsured drivers (financial, not physical).Market value is the reasonable retail value of your vehicle, immediately before it was damaged/lost/stolen. This is usually set by an independent valuer after a loss, but insurers will review figures if you can show different value. If your car is special (e.g. classic, low volume, prestige) you may be able to obtain your own insurance valuation and have an agreed value cover.Comprehensive cover has a higher annual premium than either Third Party or Third Party, Fire & Theft covers because it’s covering your car for more potential issues.There is also Windscreen/Glass insurance which can be included in covers or added as an optional extra. This covers repairs and replacement of any glass in the car, generally without an excess applying (if claim is for glass only). Be aware that it can cost thousands to have windscreens replaced and sensors recalibrated in modern cars.What cover is right for you? Think about what you could afford to lose in the event of theft, fire or a car accident and consider the risk.Policies will only respond if you are driving within the terms of your licence (e.g. the rules for a restricted licence) and the law (e.g. alcohol limits).Your local insurance brokers at C&R Insurance are happy to have a chat about options.

Recruitment isn’t an exact science with guaranteed outcomes. However, it is possible to add some science to your process to maximise the chances of finding the right person.Traditional hiring methods, such as reviewing resumés and conducting interviews, provide valuable information but can sometimes fall short of revealing a candidate's true potential.At EASI NZ we’re keen to champion ways to refine and enhance the recruitment process. This is where psychometric testing steps in.We recently partnered with Talent Insight Ltd and are now offering assessment tools that blend advanced technology with solid scientific backing to businesses in the Central Otago region.These tools give a thorough insight into a person's strengths and potential, and deeper understanding of a candidate's suitability for a position. Excitingly, there are precise tests customised to fit the specific level of experience, education, and qualifications of each individual being assessed, whether you’re recruiting new staff or looking to develop and upskill existing staff.Who doesn’t like a cheeky online quiz, or “click on this link” in Facebook to discover your ideal partner/spirit animal/whatever the algorithms decide is best for you that day? Our thirst to better understand ourselves is innate, so candidates are not averse to offering up their answers in this way.What is Psychometric testing?Psychometric testing evaluates an individual's psychological attributes, such as personality traits, cognitive abilities, and behavioural tendencies. These tests measure qualities that are not easily discernible through a resumé or standard interview.For the cynics out there saying ‘they can just answer using google,’ yes, candidates can, but in skills-based tests there is visibility in the time it takes for each question to be answered. Candidates are aware of this so it’s a fair process.When combined with other assessment methods, such as observing body language and conducting targeted interviews based on a candidate's CV, psychometric testing can offer additional insight into an individual. This can guide the formulation of specific questions for further interviews.Consider a scenario where a candidate, Amanda, applies for a management position. Her CV showcases an impressive track record, indicating strong leadership skills. However, during the initial interview, Amanda appears reserved and hesitant. This is where psychometric testing can provide clarity.Upon reviewing the psychometric results, it's revealed that Amanda has a preference for “introversion.” This information does not negate her leadership potential, but rather suggests that she may excel in one-on-one interactions or in smaller group settings. Armed with this insight, the interviewer can adjust their approach.During the follow-up interview, the questions can be tailored to focus on situations where Amanda demonstrated leadership in more intimate settings. This targeted approach helps bring out the best in Amanda, allowing her true potential to shine through.Pairing psychometric testing with traditional methods is like adding a secret sauce to your hiring process! It helps uncover hidden talents in candidates and guides interviewers to ask just the right questions. This means smarter hiring decisions for your team!In today's competitive job market, this approach isn't just strategic, it's a game-changer. It ensures your team is not only effective but also helps get the perfect fit for your crew! For more information, pricing and to see some sample tests contact [email protected]

One of my frustrations as a real estate agent is the conflation of data from Queenstown Lakes area with data from Central Otago. It’s an issue worth clarifying because it can have a direct impact on both buyers and sellers.Tall Poppy Central Otago covers the same boundaries as the Central Otago District Council (CODC). It’s a surprisingly big area, with Alexandra as the hub and rolling out in all directions from there. If you have a look at this map, you’ll see we reach as far south as Beaumont, west past Ranfurly, east into the Kawarau Gorge and north past Tarras. Queenstown and Wanaka are not included.Unfortunately, much of the real estate data that emerges in the media doesn’t distinguish between Central Otago and Queenstown Lakes.The two markets are very different. Queenstown Lakes has higher prices and far more international buyers. Central Otago has a lower average price and, while we do have outsiders coming in, we have more “locals” from the wider lower South Island looking to buy here.For buyers, this conflation of the areas paints a negative picture of Central, making houses seem more unaffordable than they really are. Our median price ($694,500) is much closer to the national average (around $767,000) than Queenstown Lakes ($1,375,000). We don’t want prospective buyers ruling out our area because the numbers are distorted by high medians in Queenstown and Wanaka.For sellers, the danger is the conflated data creates unrealistic expectations. When the Queenstown Lakes market is hot, it looks like our region is selling well above CV so buyers want to ask top dollar.But Queenstown and Wanaka often escape the effects of a downturn by attracting buyers with deep pockets and from offshore.Don’t get me started on the next level problem, where price data is given for the whole of Otago, taking no consideration of the very different micromarkets we have including places as diverse as Dunedin and Omakau, Arrowtown and Tapanui.Our region still has affordable homes as well as top-of-the-range offerings. It doesn’t have the booms and busts of big markets like Auckland, so when you read about big swings in prices they likely don’t apply here where price movement follows a gentler curve.Remember, also, that while we cover a big area we have far fewer sales than many NZ regions, so a couple of high, or low, priced sales may skew a month’s median price.If you are thinking of buying or selling in Central Otago, the key lesson is to make sure you understand the regional data, or, at the very least, your agent does.

Spring has arrived and with that the days are getting longer and hotter once again. Most of us are likely happy to see the end of winter after a long inversion layer period.The arrival of spring also means time for Alexandra to host another Blossom Festival, a large and unique community event both for locals and those who travel from afar.I like to do my bit for the community so at the start of the year I became Treasurer of the Blossom Festival Committee. Now, if you have been on a not-for-profit committee before you will realise that (done properly) they do consume a lot of time. However, given the history and importance of the event to Alexandra and the wider region it was a pleasure to be invited to contribute and assist.What I didn’t realise when taking up the treasurer role was just how significant this event is for the community. I have attended many a Blossom Festival, both as a kid with my grandparents and, more recently, with my own children. Until joining the committee, though, I didn’t understand the scale of event management required. Even more importantly, I had no idea how much money this event raises – money that flows into our community each year.What I find greatest about Blossom Festival (apart from the fact Martin McPherson and team run an entertaining event each year) is the fact that all money raised through grants, tickets or drinks sales is distributed wide and far back into the community. The economic scale of this unique event in a small New Zealand town has blown me away. From an economic perspective, the festival raises a lot of proceeds each year – much brought in by out-of-towners travelling to the region for the weekend – which then flow directly into our community. This benefits locals from areas as diverse as retail, advertising/media, food catering, cleaning, traffic management, equipment hire, prize winners to many more. The Blossom Festival really does provide a material level of economic stimulus to our region each year, which I am sure most other small regional towns would like to emulate.So, while this year I won’t have the privilege of enjoying the festival from an attendee perspective, I will be hidden away in the background doing my part to make sure others enjoy the fantastic line up. But while working behind the scenes, I will take great comfort in knowing that my efforts will be contributing not only to an event with long-standing history in the region but also one that supports the economic prosperity of our region. On that note, when attending and enjoying the event please do take note of the sponsors and supporters who assist in making this event happen. Without them we would not be able to run such a special and important event for the region.

Even before the Covid pandemic, the modern world of work was experiencing rapid changes to the way we operate our businesses.Business transformation is an overarching term for making fundamental changes within an organisation and is typically driven by external pressures to adapt to new market conditions, while still meeting existing and future business targets.However, change is rarely received with open arms by our employees and with business transformation, the clue is definitely in the name! This fear is driven by potential changes in the way employees’ roles are performed, or whether the “transformation” even includes a job for them in the future.The post-Covid era has seen growing demand for automation and digitisation, which has driven concerns about job security, but also opened the door in many industries to provide exciting and alternative working environments.However, while transformation programmes can provide an opportunity to review and cater to employee needs, the transformation process must always be aligned with the overall strategy and business requirements of the organisation, both during and after the change management project.A full transformation program includes three phases: TRANSFORM-OPTIMISE-MONITOR. These define the organisation’s strategy and review work processes that support the execution of the change management process while enabling results to be monitored.Unfortunately, many transformation programs are unsuccessful because too many organisations emphasise the TRANSFORM part of the cycle but don’t follow through with OPTIMISE and MONITOR, which usually fall under the HR function of an organisation.Optimisation initiatives typically underestimate the inherent human fear of change. This can occur when employers are not clear about what the new processes involve, or what policies are in place to support collaborative cooperation throughout the organisation for process improvement.Monitoring is about measuring the desired outcomes from the transformation process. Senior managers are typically process oriented but are removed from specific staff operations and performance.This is why collaboration across all levels of the organisations is essential to any transformation programme to ensure that unanticipated “glitches” are identified and addressed at the earliest possible opportunity before resentment can form and grow.Successful transformation programmes are outcome-oriented with strategies that have been defined into operating models that focus on operational excellence through a time-managed programme.The true measure of success is an organisation’s ability to fulfil customer expectations, comply with industry and regulatory requirements, and provide a high-quality and transparent business operation.Your customers deserve the very best and are looking for customer-centric processes that make you stand out from the competition. To achieve this, you’ll need the whole team on board to collaborate and drive the process to deliver high quality products and services, minimise your risks, strengthen business resilience, and continue to meet compliance requirements.EASI NZ offers a free 1-hour consultation for any of your staffing needs. Get in touch to book yours.

Many people use the terms gambling, speculating, and investing interchangeably, but they are not the same.In fact, understanding the difference between them will help you make better decisions and avoid unnecessary risks when growing your wealth.Let’s explore those differences to help ensure you get the best financial outcomes, along with some enjoyment from the activity.Gambling is placing a bet on an uncertain outcome with the hope of winning more than you lose.Gambling involves a high degree of chance, a low degree of skill and of course some excitement.Playing the lottery, roulette, and slot machines can be entertaining; however, they have a negative expected return – meaning that over enough time, you will lose more money than you win.Speculating is buying or selling an asset with the expectation of making a profit.It tends to involve a moderate degree of chance and skill (cryptocurrencies are a recent example), and it’s usually motivated by the fear of missing out, or “FOMO” as some would say.The returns are unreliable, so sometimes you will make money and sometimes you will lose money.Investing is allocating money to an asset with the expectation of generating income or capital appreciation over time.It involves a lower degree of chance and a higher degree of skill.Examples are buying shares of a company, bonds, real estate, or index funds.The Outlet Podcast Listen to Nathans tips in his interview hereInvesting done well is motivated by research, goals, and planning and so has a positive expected return, meaning that over time, you should make more money than you lose.The main distinction between gambling, speculating, and investing is the level of risk and reward involved.Gambling has the highest risk and usually the lowest reward, especially if continued over the long term. Speculating has a medium risk and a medium reward. Investing has the lowest risk and the highest reward over the long term.Another difference is the time horizon. Gambling is short-term. Speculating is medium-term and uncertain. Investing is long-term and compounding.A third difference is the mindset. Gamblers tend to rely on luck and emotions. Speculators rely on trends and opinions. Investors rely on facts and analysis, letting time and compounding do the heavy lifting.The bottom line is that gambling, speculating, and investing are different ways of using your money to achieve different outcomes.Gambling can be for fun, speculating for excitement, and investing for wealth creation.Knowing which one you are doing, and why, can help you avoid costly mistakes and achieve your financial goals.Our specialty is investing and helping people achieve their long-term goals by working with them to create a plan, implement it, and maintain it.We can also help you understand which of the above you may be engaged in and ensure you are maximising your chances of growing your wealth long term.So, get in touch if you want to make the most of your investment journey.

A picture is worth a thousand words, so the saying goes, and that’s very true when it comes to marketing real estate.The visuals that make up your property advertising have an enormous impact on potential buyers, often making or breaking whether they bother to come view your home in person.As a result, it is important to get the pictures right when selling your property.PhotographyUsing photos to sell real estate is nothing new. What is new is the standard of photography that buyers expect. Photographs should look professional and there should be plenty of them.Buyers want to get a real feel for every room in the house and every corner of the yard. They will be scrutinising the photographs and sharing them with family and friends in the lead up to making an offer.Remember, too, today’s buyers are just as likely to be from out of town as locals – they may never see the house in person and need quality visuals to help their decision making.At Tall Poppy we like to take photographs that give emotional impact and increase buyer engagement. One way to do that is to take photographs at different times of day. Twilight photos that show your home illuminated by natural light or your house lighting can give buyers a completely different sense of the property, for example.VideoVideo provides the next step up from photos, allowing potential buyers to get a feel for the flow of the house and the spaces.Many agents now offer video and it’s something sellers should consider. Just make sure it is professionally done rather than someone wandering through your house with a shaky hand-held phone.Tall Poppy utilises visual content specialists who develop both photographs and videos of a consistently high quality – check out our current listings to see the standard you should be aiming for.DronesDrone footage is increasing in popularity as a selling tool, but it is most useful for lifestyle and rural properties. Properties that cover large areas and have interesting contours and natural features will benefit from a flyover.Drone footage is also useful for showing your surrounding location, for example if your property is near a river or nestled among vineyards.If you think buyers would benefit from seeing video taken by drone, ask your agent about the possibility.Floor PlansIt is surprising how few real estate listings include floor plans in their visual marketing. Buyers are forced to piece together the layout from the photos provided.Yet, floor plans are the most requested visual at Tall Poppy, which is why we include them with all our listings.Don’t make the buyer have to work to understand your property. Provide them with visuals that tell them what they want and need to know while at the same showcasing your home in its best possible light.And make sure your agent is up to the job of making your home look picture perfect.

As the winter chill recedes and the days lengthen, spring brings with it a sense of renewal and rejuvenation. This is the perfect time to ensure that both your home and business are prepared to embrace the warmer months ahead. Here's a comprehensive guide on what to check and address as spring approaches, while also integrating essential insurance considerations.For Your Home:1. Exterior Inspection: Walk around your home and check for signs of damage caused by winter weather. Look for cracks in the foundation, loose or damaged siding, and any issues with the roof or gutters. Address issues early to help prevent more extensive damage.2. Garden and Landscaping: Embrace spring by clearing away any debris, trimming overgrown shrubs and trees, and preparing your garden beds for planting. Consider adding colourful flowers to enhance curb appeal.3. Airconditioning Systems: Ensure your air conditioner is in good working condition before the hot weather arrives. Change the air filters, clean the vents, and schedule a professional service if needed.4. Windows and Doors: Inspect these for drafts, cracks, or broken seals and repair to improve energy efficiency and help maintain a comfortable indoor environment. Check/install insect screens.5. Interior Cleaning: Dust and vacuum all rooms, wash windows, and consider cleaning or replacing heavy curtains and rugs.6. Safety Checks: Test smoke detectors, carbon monoxide detectors, and fire extinguishers to ensure they're in proper working order. Replace batteries as needed.For Your Business:1. Exterior Maintenance: Inspect the exterior for damage, including signs of wear on the facade, parking lots, walkways, and signage.2. Inventory Assessment: Identify slow-moving or obsolete items and consider offering promotions or discounts to clear out excess stock.3. Marketing Refresh: Review marketing materials and strategies. Update your website, social media profiles, and promotional materials to reflect changes or new products/services you're offering this spring.4. Workspace Revamp: Consider rearranging office layouts and adding plants for a touch of nature. Ensure all office equipment is in good working condition.5. Digital Security: Update passwords, ensure all software is up to date, and remind employees about best practices for online security.6. Financial Review: Analyse profit and loss statements, set new financial goals, and assess your budget for the upcoming months.7. Employee Engagement: Boost employee morale by planning team-building activities or events.Insurance Integration:1. Review Home and Business Insurance Policies: Ensure they adequately cover potential spring-related risks, such as flooding or damage from storms. Review replacement sums insured and consider additional coverage if necessary.2. Document Maintenance: As you conduct maintenance tasks, document repairs and changes with photos and records. These records can be invaluable when filing insurance claims.3. Update Inventories: Update home and business inventories with new items acquired over the winter. This ensures accurate claims processing in case of theft or other covered events.4. Liability Protection: With increased outdoor activities, make sure liability coverage for your home and business is sufficient to protect against potential lawsuits and medical expenses.5. Policy Adjustments: Review deductibles, premiums, and coverage limits. Adjust them to match your current financial situation and needs.6. Seasonal Valuables: If you've acquired valuable items, consider adding them to your insurance policy. Many policies have coverage limits for valuable items.7. Discounts and Bundling: Inquire about potential insurance discounts or bundling options.8. Annual Policy Review: Use the changing seasons as a reminder to annually review your insurance coverage. Ensure your policies reflect any changes in circumstances.By combining thorough spring preparations with insurance considerations, you're setting the stage for a smoother and more secure transition into the new season. Taking proactive steps to protect your assets and mitigate risks will allow you to fully embrace the vibrancy and opportunities that spring brings. Remember, preparation today can save you from unexpected challenges tomorrow.

I recently attended an event at Forest Lodge Orchard to celebrate the arrival of a new tractor. Now, while that may seem odd, this isn’t just any tractor. In fact, it is the first fully electric and driver-optional tractor to be shipped outside of the US, and only the 66th one manufactured ever. Wow! This was such a big occasion that it was attended by two sitting Government Ministers, local MP Joseph Mooney, and the President and co-founder of the tractor manufacturer, Monarch Tractors, who flew out from the US for the occasion. I can’t recall the last time two sitting Ministers attended an event in Central Otago (the opening of the Clyde Dam maybe?).What made this such a big occasion was that the delivery of the electric tractor was the last piece of the puzzle for co-founders Mike Casey and Euan White (and their families) to complete their zero fossil fuel, all electric, fully sustainable energy-wise, Cherry Orchard. The orchard now runs highly effectively using only sustainable energy resources, the first to do so not just in New Zealand but the world. In a world where fossil fuel use needs to be reduced and sustainable energy must be focused on more urgently to prevent further climate change, this is a major step in the farming and horticulture sector, and it was done right here in Central Otago!I was incredibly privileged to be invited and proud to see it all come together for Mike and Euan, as I know how hard they have worked to get to this point. I also know how many people they had to prove wrong – naysayers who said it wasn’t possible.What Mike and Euan have done really is a world first and a huge milestone in building a more sustainable farming and horticulture model. Does it have a long way to go to seeing the whole sector convert to a sustainable energy? Yes, of course. But without people like Mike and Euan taking the leap (and risk) with fantastic innovative ideas such as a fully electric/sustainable orchard (that they have developed in a very short period of time, I must add), we wouldn’t even be this far down the track.This is just another example of what I have coined ‘Central Ingenuity’, developing a fantastic innovative sustainable business operation that surely can only lead to further prosperity for our fantastic region and people.To those operating in the sector deciding if they should take the plunge, all I can say is chat to Mike and Euan (even pop out for a look), as after doing so I think you will be struggling for a reason not to get on board.Signing off as a proud supporter of the Forest Lodge Orchard team.