Are we really as wealthy as the headlines claim?

New Zealand recently ranked fifth globally in per capita wealth—but is that just an illusion? In this episode, Tim and Nick unpack why so much of our “wealth” is tied up in property, what that means for financial security, and practical steps to build resilience beyond bricks and mortar.

(00:00:00) Intro: Are we really the fifth-wealthiest nation, or is it smoke and mirrors?

(00:00:36) Why Kiwis feel squeezed despite global wealth rankings

(00:00:49) The Allianz report and New Zealand’s property-heavy balance sheet

(00:03:38) Why housing wealth creates an illusion of security

(00:04:29) The “third age” and risks of poor cash flow in retirement

(00:06:40) Government incentives and our obsession with property

(00:08:07) GDP per capita vs wealth rankings—what’s the real story?

(00:09:57) Why New Zealand’s productivity has lagged for decades

(00:13:30) Export strategy and lack of value-add in key industries

(00:16:02) Practical steps for genuine financial resilience

The Adviser Talk is available on all major streaming platforms, including Spotify and Apple Music.

• Nick Stewart is a Financial Adviser and CEO at Stewart Group, a Hawke's Bay and Wellington-based CEFEX-certified financial planning and advisory firm. Stewart Group provides personal fiduciary services, Wealth Management, Risk Insurance and KiwiSaver solutions.
• The information provided, or any opinions expressed in this show, are of a general nature only and should not be construed or relied on as a recommendation to invest in a financial product or class of financial products. You should seek financial advice specific to your circumstances from an Authorised Financial Adviser before making any financial decisions. A disclosure statement can be obtained free of charge by calling 0800 878 961 or visit our website, www.stewartgroup.co.nz

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