Ryan Bridge: Nobody wants to give more money to councils who waste it

Early Edition with Ryan Bridge · Jun 10, 2025 · 2m · transcript

If you're in Auckland and waking up this morning feeling poorer, it's because you are. It's because we all are.

CVs down 9%, rates are up 6% at the start of the month – that's an extra 223 bucks a year. Now the CVs aren't the market value, obviously, but the market value of our houses has also dropped.

And so it's right that we feel poorer, we are. But spare a thought for Wellington – CVs down 24%, rates up 17%. No, thank you.

Everyone's asking why are we paying more when our houses are worthless? The answer is just because it's how councils collect money, and they have few options to do it…