MoneyHub NZ
  • Search
  • Investing
    • Investing Platforms
      • Reviews
        • Sharesies Review
        • Hatch Review
        • Stake Review
        • Tiger Brokers (NZ) Review
        • Superhero Review
        • BlackBull Markets Share Trading Platform Review
        • ASB Securities Review
        • Jarden Direct Review
        • InvestNow Review
        • Kernel Review
        • Flint Wealth Review
        • Interactive Brokers
        • Smartshares Review
        • Catalist Review
      • Comparisons
        • Sharesies vs Hatch vs Stake
        • Hatch vs Stake
        • Hatch vs Tiger Brokers
        • Sharesies vs Tiger Brokers
        • Stake vs Tiger Brokers
        • Comparing Sharesies vs Investnow vs Hatch vs Jarden Direct and more
        • Best Investment Apps
        • How Do I Start Investing?
        • Virtual Stocks and Shares Trading Games
      • Guides
        • How to Invest in Shares
        • Investing in Vanguard Funds from New Zealand
        • Investing in the US Stock Market from New Zealand
          • How To Buy Tesla Shares
          • How To Buy Apple Shares
          • How To Buy Amazon Shares
          • How To Buy Alphabet Shares
          • How To Buy Netflix Shares
          • How To Buy Microsoft Shares
          • How To Buy Meta Shares
        • What Happens If Your Investing Platform Shuts Down?
        • Fractional Shares
        • Transferring Share Portfolios
        • How to Read and Understand a Share Chart
        • NZX in a Nutshell
        • Investing in Asian Markets from New Zealand
        • Understand Gross vs Net
    • Introduction to Investing
      • Guides
        • Index Funds
        • 10 Ways to Invest in New Zealand
        • How to Invest Regularly
        • Passive Investing vs Active Investing
        • Investments You Can Own Forever
        • Investing Mistakes
        • ETFs (Exchange Traded Funds)
        • Best Retirement Income Products in New Zealand
        • Index Funds vs ETFs
        • Shares vs ETFs
        • Dollar-Cost Averaging Guide
        • Passive Income Strategies
        • How Wealthy New Zealanders Invest Their Money
        • The Best Way to Invest Inheritance or a Windfall
        • Barefoot Investor-Friendly Financial Products in New Zealand
        • Investment Terms Glossary
        • IPOs
        • Investing in Dividend Shares
        • Common Shareholder Numbers in New Zealand
        • Shorting a Stock
        • Investing vs Trading vs Gambling
      • Young People and Investing
        • Investing for Kids
        • Investing For Grandchildren
        • 10 Top Investments for Young New Zealanders
        • Sharesies Kids Accounts Review
        • SquareOne Review
        • Dosh Review
      • Investing Calculators
        • Compound Interest Calculator
        • Investment Calculator
        • Savings Calculator
        • Net Worth Calculator
        • Million Dollar Calculator
    • Managed Funds, Tax & DIY Investing
      • Guides
        • Investing Guide
        • Our Favourite Funds
        • Advisers
          • Financial Advisers Overview
          • DIY Investing vs Investment Brokerage Firms vs Financial Advisors
          • Financial Advisers Auckland
          • Financial Advisers Wellington
          • Financial Advisers Christchurch
        • Bank Credit Ratings
        • Tax on Investments and Savings
        • Capital Gains Tax
        • Bright-Line Test
        • Ethical Investing
        • Best ESG Funds
        • Asset Allocations to Build Wealth
        • Managing Offshore Investments for Returning New Zealanders and Migrants
        • Managed Funds
          • Booster Private Land and Property Fund Review
        • How to Buy and Sell Bonds
        • Buying NZ Corporate Bonds
        • Trading in a Nutshell
        • Peer to Peer Lending
        • Crowd Funding Guide
        • REITs Guide
        • Jasper Review
        • Investing & Personal Finance Podcasts
        • Emergency Funds
        • UK Pension Transfer to New Zealand
        • Returning to the UK from NZ
        • Spending Your Savings in Retirement
        • How to Take Income from Investments
        • What Am I Entitled to If My UK Pension Scheme or Provider Makes a Mistake?
        • Investment Scams
        • Investing in Recession-Proof Sectors and Asset Classes During a Downturn
        • Hedging Investments
        • Top Personal Finance Books for New Zealanders
        • Top Ten Personal Finance Resources
      • Reviews
        • Simplicity Investment Funds Review
        • Lending Crowd Review
        • Squirrel Review
        • Sharesight Review
        • Lifetime Retirement Income
        • New Zealand Financial Markets Authority (FMA)
      • Calculators
        • Managed Funds Fee Calculator
        • Basis Points Calculator
        • Inflation Calculator
        • Retirement Calculator New Zealand
    • Alternative Investments and Trading
      • Reviews
        • BlackBull Markets Review
        • CMC Markets Review
        • Plus500 Review
        • IG Review
        • TMGM Review
        • CMC Markets vs Plus500 vs IG Markets vs BlackBull Markets
      • Guides
        • How to Invest in Gold
        • How to Invest in Silver
        • Forex Trading Guide
        • Options Trading
        • Contracts for Difference (CFDs) Guide
        • Futures Trading
        • Commodities Trading
        • Forex Trading Tools
        • Forex Trading Platforms Comparison
        • Forex Trading Courses and Education
        • Forex Regulation
        • Copy Trading
    • Cryptocurrency
      • Reviews
        • Easy Crypto Review
        • Swyftx Review
        • Binance Review
        • Easy Crypto vs Swyftx
        • Independent Reserve Review
        • eToro Review
        • Coinbase Review
        • Kiwi-Coin Bitcoin Exchange Review
        • Vault International Bitcoin Fund Review
      • Guides
        • How to Buy Bitcoin in New Zealand
        • Beginner's Guide to Bitcoin and Blockchain
        • Guide to NFTs
        • Bitcoin Wallet Guide
        • Bitcoin Mining
        • How to Sell Bitcoin
        • Bitcoin and Crypto Scams
        • Initial Coin Offerings
        • A Beginner’s Guide to Investing in Cryptocurrencies
        • Decentralised Finance
        • Bitcoin in New Zealand
        • New Zealand Bitcoin Exchanges
        • How to Buy Ethereum in New Zealand
        • Other Coins
          • How to Buy Ripple in New Zealand
          • How to Buy Cardano in New Zealand
          • How to Buy Dogecoin in New Zealand
          • How to Buy Litecoin in New Zealand
          • How to Buy Polkadot in New Zealand
  • Loans & Finance
    • Car Finance
      • Car Finance Calculator
      • Electric Vehicle Loans
      • How to Refinance Your Car Loan
      • Car Loan Refinance Calculator
      • Car Dealership Finance vs Alternatives
      • Bad Credit Car Loans
      • Car Finance Company Reviews
        • AA Money Review
        • Better Finance Review
        • Kiwi Car Loans Review
        • MTF Finance Review
        • Simplify Loans Review
        • Car Loan Brokers vs Direct Car Finance
      • Car Finance Must-Knows Guides
        • Buying a Car Loan vs Personal Loan?
        • Car Loans and Collateral
        • Car Loan Guarantors
        • How to Save for a Car
        • Paying Cash for a Car vs Car Finance
        • Balloon Payments
      • Car Finance Add-On Insurance Guides
        • GAP (Guaranteed Asset Protection Insurance) Insurance
        • MBI (Mechanical Breakdown Insurance)
        • PPI (Payment Protection Insurance)
    • Personal Loans
      • Debt Consolidation Loans
      • Secured Loans
      • Home Renovation Loans
      • Online Loans
      • Bad Credit Loans
      • Beneficiary Loans
      • Payday Loans
      • Cash Advance
      • Same Day Loans
      • Low Income Loans
      • Personal Loan Calculator
      • Debt Consolidation Calculator
      • Refinance Personal Loan Calculator
      • Home Renovation Loan Calculator
      • Interest Calculator
      • Harmoney Loans Review
      • Nectar Review
      • Avanti Finance Review
      • Save My Bacon Review
    • Credit Scores & Interest Rates
      • Credit Scores and Credit Checks
      • How to Build Credit in New Zealand
      • How to Pay Down Debt Faster
      • Baycorp and Debt Collection
      • Interest Rates Guide
      • Interest Rate Comparison
      • Buy Now Pay Later Apps
        • Afterpay Review
        • Laybuy Review
        • Humm Review
        • Zip Review
  • Insurance
    • Car Insurance
      • Guides
        • How to Get Cheaper Car Insurance
        • Car Insurance Calculator
        • No Claims Bonuses Explained
        • Car Insurance Excess Explained
        • Cheapest Cars to Insure
        • Modifications that Make a Car Uninsurable
        • Car Insurers Directory
        • Car Insurance Glossary
      • Reviews
        • Tower Car Insurance Review
        • Cove Car Insurance Review
        • Trade Me Car Insurance Review
      • AMI vs AA Insurance vs Cove vs State vs Tower vs Trade Me Insurance
      • Young Driver Car Insurance
      • Third Party Car Insurance
      • Caravan Insurance
    • Home, Contents and Other Insurance
      • House Insurance
      • House Insurance Calculator
      • Difficult to Insure Areas
      • Insuring Old Houses
      • Contents Insurance
      • Home and Contents Insurance
      • Renters' Insurance
      • Landlord Insurance
      • Dental Insurance and Dentist Plans
      • Phone Insurance
      • Insurance Excess
      • Motorbike Insurance
      • Initio Review
      • Insurance Brokers
        • Trusted Insurance Brokers in Wellington
        • Trusted Insurance Brokers in Christchurch
    • Pet Insurance
      • Is Pet Insurance Worth Buying?
      • Cat and Dog Desexing
      • Getting a Kitten
      • Buying a Puppy
      • Pet Euthanasia
      • Vet Costs in New Zealand
      • Costs of Owning a Cat
      • Costs of Owning a Dog
    • Life & Health Insurance
      • Life Insurance
        • Life Insurance Policy Comparison - Cigna vs AIA vs Asteron Life vs Fidelity vs Westpac vs Partners Life
        • Life Insurance Calculator
        • Pre-Existing Medical Conditions
        • Buying Life Insurance Direct vs Using an Insurance Broker
        • Life Insurance Policies - Features and Questions to Ask
        • When To Cancel Or Change a Life Insurance Policy
        • Life Insurance For Smokers and Vapers
      • Health Insurance
        • Going to Australia for Medical Treatment
      • Income Protection Insurance
        • ACC vs Income Protection Insurance
        • Income Protection Insurance for Self Employed
      • Mortgage Insurance
      • Trauma Insurance
      • Redundancy Insurance
      • Funeral Insurance
        • What to Do When a Spouse or Partner Dies
        • Funeral Costs
  • Credit Cards
    • Best Credit Cards
    • Rewards and Cashback Credit Cards
    • The Best American Express Credit Cards
    • Air New Zealand Airpoints Credit Cards
      • ANZ vs AMEX vs Kiwibank vs Westpac Platinum Airpoints Credit Cards
      • ANZ Airpoints Visa Platinum vs AMEX Airpoints Platinum
      • Kiwibank Airpoints Platinum Visa vs AMEX Airpoints Platinum
      • Westpac Airpoints Platinum Mastercard vs AMEX Airpoints Platinum
    • Balance Transfer Credit Cards
    • Platinum and Gold Credit Cards
    • Reviews
      • American Express Credit Cards Review
        • American Express Airpoints Platinum Review
        • American Express Gold Rewards Card Review
        • AMEX Comparison - Airpoints Platinum vs Gold Rewards
        • American Express Free Card vs Airpoints Platinum
        • American Express Platinum Card Review
        • American Express Membership Rewards Program Review
        • AMEX Cardholder Feedback
        • The Best Ways to Spend AMEX Membership Rewards Points
        • Qantas Credit Cards
        • Singapore Airlines KrisFlyer Credit Cards
        • Cathay Pacific Asia Miles Credit Cards
        • Emirates Skywards Credit Cards
        • RewardPay Review
      • Flight Centre Mastercard Review
    • Guides
      • Pay Off Credit Card Debt
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments Explained
      • Where is Amex Accepted?
      • Credit Card Interest Calculator
      • How to Request a Credit Card Chargeback
    • Other Credit Cards
      • Travel Money Cards
        • Australia Travel Money
        • Bali Travel Money
        • Fiji Travel Money
        • Rarotonga Travel Money
        • UK Travel Money
      • Wise Debit Card Review
      • Revolut Review
      • Revolut vs Wise - Which Is Better?
      • Travelex Money Card vs Wise Debit Card Comparison
      • OneSmart Card vs Wise Debit Card Comparison
      • Cash Passport vs Wise Debit Card Comparison
      • Best Foreign Currency Debit & Credit Cards
      • Free Credit Cards
      • Low Interest Credit Cards
      • Credit Cards for Bad Credit
      • Q Card & Q Mastercard Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
  • Banking & Savings
    • Banking
      • Best Bank Accounts
      • Best Debit Cards
      • Best Joint Bank Accounts
      • Kids Bank Accounts
      • Cut Overdraft Costs
      • Private Banking
      • International Money Transfers
      • Open an Australian Bank Account from New Zealand
      • Open a UK Bank Account from New Zealand
    • Savings
      • Best Term Deposits
      • Booster Savvy Review
      • Best PIE Term Deposits
      • Best Call Accounts
      • Best Savings Accounts
      • Term Deposit Alternatives
    • Guides and Resources
      • Banks vs Credit Unions
      • Open Banking Guide
      • NZ Bank Prefix Codes
    • Reviews
      • Wise International Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • The Co-operative Bank NZ Review
      • Western Union Review
  • Mortgages
    • Mortgage Essentials
      • Best Home Loans
      • Mortgage Calculator
      • How Much Can I Borrow?
      • Debt to Income Ratios
      • Equity (and Leverage) Calculator
      • Mortgage Repayment Calculator
      • Mortgage Options
      • Mortgage Cashback
    • Other Mortgage Options
      • Interest-Only Mortgages Guide
      • Interest-Only Mortgage Calculator
      • Revolving Credit Mortgages
      • Offset Mortgages
      • Offset Mortgage Calculator
      • Fixed vs Floating Mortgage Rate Calculator
      • Understanding Interest Rate Swaps
      • What is the OCR?
    • Alternative Mortgage Options
      • Low-Deposit Home Loans
      • Rent to Own Homes
      • First Home Loan Guide
      • Reverse Mortgages
    • Mortgage Management
      • Saving for a House Deposit
      • Pay Off Your Mortgage Faster
      • Mortgage Overpayment Calculator
      • Remortgaging Guide
      • Mortgage Relief and Holidays
      • Amortisation Calculator
      • Mortgage Break Fees
      • Defaulting on a Mortgage
      • High Deposit Mortgages
      • Negative Equity
      • How to Manage Higher Mortgage Payments
      • Mortgage Refinance Calculator
    • Mortgage Brokers
      • Mortgage Brokers Explained
      • Trusted Auckland Mortgage Brokers
      • Trusted Hamilton Mortgage Brokers
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Buying a Home
      • First Home Buyers Checklist
      • Home Buying Glossary
      • Best House Price & Valuation Websites in New Zealand
      • New Zealand Property Types
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Conveyancing vs Lawyers
      • Buying an Apartment in New Zealand
      • Buying vs Renting a House
    • Selling a Home
      • How to Sell Your House Privately
      • Real Estate Agent Fees
      • Bridging Finance
    • Property Investment
      • Investment Property Mortgages
      • Renting Directly to Tenants vs Using an Agent
    • Building a House
      • Average Building Cost Per Square Metre
      • Cost to Build a New House
      • Buying Land to Build a House
      • Construction Loans
      • Tiny Homes in New Zealand
  • KiwiSaver
    • KiwiSaver Basics
      • Our Favourite KiwiSaver Funds
      • Is KiwiSaver Safe?
      • Choosing a KiwiSaver Fund
      • Choosing Your KiwiSaver Scheme
      • Balanced vs Moderate vs Growth KiwiSaver Funds - What is right for me?
      • KiwiSaver Must-Know Facts
      • Opting out of KiwiSaver
      • What Do I Do With My KiwiSaver When I Retire?
      • KiwiSaver Withdrawal
      • Switching KiwiSaver Funds
      • KiwiSaver Robo and Digital Advice Tools
      • Ethical Kiwisaver Funds
      • KiwiSaver Private Equity Investments
    • KiwiSaver Contributions & Tax
      • Your KiwiSaver Contributions
      • KiwiSaver Contributions - Gross or Net?
      • Employer KiwiSaver Contributions
      • Government KiwiSaver Contributions
      • KiwiSaver Savings Suspensions
      • Voluntary Contributions
      • What's My PIR?
      • KiwiSaver and Tax
    • KiwiSaver for Life Events and Specific Situations
      • Average KiwiSaver Balance by Age
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver First Home Grant Guide
      • KiwiSaver Hardship Applications
      • KiwiSaver in a Divorce or Separation
      • KiwiSaver for Kids
    • KiwiSaver Schemes
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • InvestNow KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • Kernel KiwiSaver Review
      • Kiwi Wealth KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • MAS KiwiSaver Scheme
        • MAS Review
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Pathfinder KiwiSaver Review
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
      • Westpac KiwiSaver Scheme
    • KiwiSaver Calculators
      • KiwiSaver Calculator
      • KiwiSaver Returns Calculator
  • Business
    • Compare Business Loans
      • Business Line of Credit
      • Business Borrowing Options
      • Small Business Loans
      • Operating Leases
      • Finance Leases
      • Operating Leases vs Financing Leases
      • Prospa Business Loans Review
      • Bizcap Business Loans Review
    • Business Insurance
      • Public Liability Insurance
      • Business Interruption Insurance
      • Professional Indemnity Insurance
    • Business Credit Cards
    • Business Essentials
      • Money Saving Tips For Businesses
      • Get Debtors to Pay Overdue Invoices
      • Working Capital
      • Liquidations and Receiverships
      • Can't Make Payroll Guide
      • Buying out a Business Partner
      • Business Brokers
    • Business Calculators
      • Business Loan Calculator
      • ROI Calculator
      • IRR Calculator
      • Internal Rate of Return
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
    • Online Services
      • Domain Names
      • Trusted Web Designers
        • Auckland Web Designers
        • Hamilton Web Designers
        • Wellington Web Designers
        • Christchurch Web Designers
        • Tauranga Web Designers
        • Lower Hutt Web Designers
        • Dunedin Web Designers
      • Digital Identity Programs and Online Verification Tools
      • Social Media Influencer Marketing
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Hnry Review
      • n3 Trade Card Review
      • Plain English Awards
    • For Startups
      • How to Start a Business in New Zealand
      • Raising Capital
      • Product Market Fit
      • Crowdfunding vs Bank Financing
      • Blackbird vs Movac
      • How to Become an Angel Investor
      • How to Raise Money from Angel Investors
      • Alternatives to VC Funding
      • Hiring for a Startup
      • VCFO (Virtual CFO)
      • New Zealand Startup and Founder Incubators
      • Expanding Offshore
      • New Zealand Invoice Template
      • Business Podcasts
  • MSD
    • Navigating Work and Income Benefits
    • Jobseeker Support Benefit Rates 2023 and 2024
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • Childcare Subsidies in New Zealand
    • NZ Superannuation in a Nutshell
    • Superannuation Rates 2023
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
  • Motoring
    • Buying and Selling a Car
      • Car Valuations
      • Buying a Used Car
      • Selling a Car
      • CarJam Review
      • CarJam vs MotorWeb Car Report Comparison
      • Top Cars that Hold Their Value
      • Vehicle Leasing
      • Car Registration in New Zealand
    • Everyday Driving
      • Costs of Owning a Car
      • 20 Ways to Make Driving Cheaper
      • Gaspy App Review
      • Parking Tickets
      • AA Membership Review
      • Best Car Batteries
      • Best Electric Cars
    • Warrant of Fitness
      • Guide to Warrant of Fitness
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Law
    • Wills Guide
    • Separation Agreements
    • Prenuptial Agreements
    • Divorce Guide
    • Trusts Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
    • Probate
    • Agreeable Review
    • Footprint Online Wills Review
    • Perpetual Guardian
  • Job Hunting
    • Job Applications
      • CV Templates & Tips
      • Cover Letters
      • Common Interview Questions
    • Guides & Resources
      • How to Improve Your LinkedIn Profile
      • Part-Time Jobs Guide
      • Redundancy Payouts and Entitlements
      • How to Get Promoted
      • Self-Employment Guide
      • Workplace Bullying
    • Recruitment Agencies
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • How to Get Access to Airport Lounges
    • Flybuys Review
    • Fastest Way To Earn Air NZ Status Points
    • How to Redeem Air New Zealand Airpoints Dollars
    • Air New Zealand Koru Membership Review
    • Air New Zealand Travel Tips
    • Air NZ Upgrade Guide
    • Airpoints Flexipay Guide
    • No Nonsense Upgrade Guide
    • Cheap Domestic Flights
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Accor Plus Review
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Working Holiday Visas
    • Currency Converter
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Broadband
    • Compare Broadband Plans
    • No Contract Broadband
    • Rural Broadband Plans
    • Internet Speed Test
    • Broadband Provider Reviews
      • 2degrees Broadband Review
      • Bigpipe Broadband Review
      • Compass Broadband Review
      • Contact Broadband Review
      • Electric Kiwi Broadband Review
      • Farmside Broadband Review
      • Flip Broadband Review
      • Mercury Broadband Review
      • MyRepublic Broadband Review
      • NOW Broadband Review
      • One NZ Broadband Review
      • Orcon Broadband Review
      • Spark Broadband Review
      • Skinny Review
      • Slingshot Broadband Review
      • Starlink Review
      • Voyager Broadband Review
      • Wireless Nation Broadband Review
  • Power
    • Compare Power Companies
    • Power and Broadband Bundles
    • How to Lower Your Power Bills
    • Fixed Contracts vs Open Power Plans – What You Need to Know
    • Electric Vehicle Power Plans
    • How to Use Less Power
    • Power Companies
      • Contact Energy Review
      • Ecotricity Review
      • Electric Kiwi Review
      • Flick Electric Review
      • Frank Energy Review
      • Genesis Energy Review
      • Globug Review
      • Mercury Review
      • Meridian Energy Review
      • Nova Energy Review
      • Powershop Review
      • Z Energy Power Review
  • Financial Independence
    • FIRE Guides
      • Retirement in a Nutshell
      • How to Retire Early
      • FIRE Explained
      • The Four Percent Rule
      • Achieving Financial Independence, Faster
      • Five Types of FIRE Plans
      • Getting FIRE’d in New Zealand
      • FIRE and NZ Real Estate
    • FIRE Tools
      • Budgeting Apps
      • Debt Repayment Apps
      • Free Financial Literacy Classes
      • Free Financial Products
      • 50/30/20 Budget Calculator
      • Budget Planner
    • Tax
      • Beginner's Guide to Tax
      • Salary Sacrifice in New Zealand
      • Tax Bracket Creep
      • Tax Refunds
    • Money Tips
      • 20 Things to Stop Buying to Have More Money
      • 20 Indicators You're Doing Well Financially
      • 20 Must-Know Money Lessons (Learned From Experience)
      • 20 Money Habits that Keep You Poor
      • Saving on Household Bills
      • Debt Help
      • CAP (Christians Against Poverty) Review
      • Debtfix Review
      • Getting into Debt to Meet Short Term Living Costs
      • How to Survive a Recession
      • Average NZ Salary by Age
      • How to Maximise Income in Retirement
      • How to Handle Rising Interest Rates
      • Free Money from the Government
      • Bankruptcy Guide
      • Unclaimed Money in New Zealand
      • Financial Planning for Children With Disabilities
      • Should I Stop Contributing to KiwiSaver?
      • Teaching Kids About Money
      • Single Parenting and Money
      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
      • Acupuncture Auckland
      • Arborists Auckland
      • Asbestos Removal Auckland
      • Auto Electricians Auckland
      • Bathroom Renovations Auckland
      • Builders Auckland
      • Building Inspectors Auckland
      • Cabinet Makers Auckland
      • Car Detailing Auckland ​
      • Catering Auckland
      • Cattery Auckland
      • Chimney Sweep Auckland
      • Chiropractors Auckland
      • Cleaners Auckland
      • Computer Repair Experts Auckland
      • Concreters Auckland
      • Dentists Auckland
      • Dog Boarding Kennels Auckland
      • Dog Daycare Auckland
      • Dog Grooming Auckland
      • Dry Cleaners Auckland
      • Electricians Auckland
      • Eyelash Extensions Auckland
      • Firewood Auckland
      • Flooring Companies Auckland
      • Fridge Repair Auckland
      • Garage Door Repair Auckland
      • Glaziers Auckland
      • Graphic Design Auckland
      • Gutter Cleaning Auckland
      • Gym Memberships Auckland
      • Hair Salons Auckland
      • Heat Pump & AC Specialists Auckland
      • Home Security Systems Auckland
      • Korean BBQ Auckland
      • Land Surveyors Auckland
      • Landscapers Auckland
      • Lawn Mowing Services Auckland
      • Locksmiths Auckland
      • Mechanics Auckland
      • Makeup Artists Auckland
      • Naturopaths Auckland
      • Optometrists Auckland
      • Painters Auckland
      • Panel Beaters Auckland
      • Personal Trainers Auckland
      • Pest Control Auckland
      • Plumbers Auckland
      • Podiatrists Auckland
      • Puppy School Auckland
      • Roofing Auckland
      • Scaffolding Auckland
      • Screen Printing Auckland
      • Solar Panels Auckland
      • Quality Tyres Auckland
      • Wedding Car Hire Auckland
      • Wedding Celebrant Auckland
      • Wedding Photographers Auckland
      • Wedding Videographers Auckland
      • Window Tinting Auckland
    • Wellington Trade Services
      • Arborists Wellington
      • Bathroom Renovations Wellington
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Best Washing Machines 2023: A Guide to Buying Washing Machines in New Zealand

Find the best washing machine with our definitive guide, including five of the best models.
Best Washing Machine NZ
Updated 3 January 2023
Buying a washing machine is not something you do every day. That's why, ideally, you should take the time to do your research before making a decision. Our buying guide explores the different types of washing machines, their pros and cons, and what we think are the best options currently available in New Zealand. We cover:
  • Types of Washing Machines​
  • Key Factors to Consider When Buying a Washing Machine in New Zealand
  • Five of the Best Washing Machines Available in New Zealand Right Now
  • Frequently Asked Questions
Your Guide to What to Look for in a Washing Machine, thanks to TheMarket NZ:
  • Our friends at TheMarket NZ sponsor this MoneyHub guide.
  • If you are looking to buy a washing machine, our guide helpfully takes you through what’s available and lists the best options available right now online and in stores around New Zealand.
  • TheMarket is a trusted retailer owned by The Warehouse Group, just like Noel Leeming, Torpedo 7 and other well-known New Zealand stores.
  • TheMarket offers several washing machines – you can see their current selection here.
Picture
TheMarket Washing Machine

Best Washing Machine NZ

Types of Washing Machines

Even a seemingly simple appliance like a washing machine has well-defined categories: 
  1. Top Load Washing Machines
  2. Front Load Washing Machines
  3. SMART Washing Machines
As is to be expected, each of these washing machines has its strengths and weaknesses. Below, we will explore them in more detail.
Best Washing Machine NZ

Top Load Washing Machines

There is no doubt that the conventional washing machine model, known today as top load, offers many advantages. Its simple and uncomplicated design makes loading and unloading laundry "more ergonomic and natural" than its front-loading counterparts. Moreover, its seemingly simple design also allows manufacturers to use space more efficiently, which is why these washers are often larger in capacity. Last but not least, top load washing machines are usually the most economical type of all.
 
Top Load Washing Machines, What We Like 
  • Better accessibility. Although this is a controversial point among manufacturers and the general public, top access is more suitable for most people as it does not require bending down to remove the laundry from the machine.
  • Economical. If price is an important factor for you, you will likely get a better price on this washing machine type as its conventional design is much simpler.
  • Larger capacity. Although modern front-loading washing machines have advanced in this respect, top-loading washing machines generally offer a higher capacity.
 
Top Load Washing Machines, What We Dislike 
  • Noisier. With few exceptions, top-loading washing machines are generally much noisier than their front-loading counterparts. This is due to the type of motor as well as the drum blades and suspension mechanisms.
  • Less efficient. Although the gap in energy consumption between top-loading and front-loading washing machines has decreased dramatically, top-loading washing machines are still considered to be less efficient.
  • Harsh with clothes. The main argument for the creation of front-loading washing machines is that they do not use an agitator. While some top-load washing machines have emulated this technology, most still use agitators, which makes them less gentle on clothes.
Best Washing Machine NZ

Front Load Washing Machines

Front-loading washing machines represent the "new generation" or, as many says, the "evolution" of conventional washing machines. While that is debatable, there is no denying that eliminating the agitator, using a horizontal axis drum, and the higher efficiency motors are major advances over top-load washers. Also, this type of washing machine tends to have the best technology, both in terms of wash quality and features.
 
Front Load Washing Machines, What We Like 
  • Quieter. The technology used in designing this type of washing machine allows them to use quieter motors mounted on special supports that considerably reduce vibrations.
  • Energy-efficient. Smaller engines are synonymous with efficiency. In this respect, front-loading washing machines lead the way by using next-gen electric motors, which are more efficient and have higher torque.
  • Gentle with clothes. The whole design of front-loading washing machines revolves around taking care of delicate laundry. For this reason, the wash quality offered by these machines is hard to beat.
 
Front Load Washing Machines, What We Dislike 
  • Ergonomy. Returning to the point of ergonomics, front-loading washing machines tend to be more uncomfortable to load and unload than conventional models. Some manufacturers alleviate this problem by offering stands with drawers to increase the height and thus provide greater comfort.
  • Less capacity. Recently, front-loading washing machines have managed to increase their capacity significantly. However, conventional top-loading washing machines are still considered the leaders in this respect.
  • Expensive. Feature-rich appliances are not cheap. To that effect, front-loading washing machines are often much more expensive than their conventional counterparts.
Best Washing Machine NZ

SMART Washing Machines

At the apex of the washing machines are the so-called SMART or connected versions of the front-loading washing machines. These next-generation washing machines are equipped with the latest laundry technology, which guarantees extreme cleanliness without damaging the fabric fibres. In addition, these washing machines are ultra-efficient, thanks to their sophisticated sensors and motors. On top of that, one of the most striking features of these appliances is their ability to connect to the Internet, which allows them to be controlled remotely. If money is not an issue for you, or you are looking for a washing machine that takes care of your delicate clothes like no other, this is the right type of appliance.
 
SMART Washing Machines, What We Like 
  • Utmost convenience. Automatic detergent dosing, sensors that detect the type of fabric, Wi-Fi connectivity, and smart alarms are just some of the advantages offered by these amazing washing machines. If you want the convenience of controlling your washing machine while watching TV, then this type of washing machine is for you.
  • Energy Efficient. One of the advantages that justify the price of these washing machines is their energy efficiency. By far, these are the most eco-friendly washing machines, even when using warm water.
  • Unsurpassed cleaning technology. In terms of wash quality, no model surpasses the SMART washing machines. These amazing machines have all kinds of sensors that ensure that the detergent will be used to the maximum without damaging your clothes.
 
SMART Washing Machines, What We Dislike 
  • Quite expensive. Comfort always comes at a price. This applies to these washing machines, as they save you a lot of time and hassle. In that sense, you can expect these washing machines to be at least 50% to 100% more expensive than non-smart front-loading models of similar capacity.
  • Not for all lifestyles. When we talk about paying more than 2000 USD for a washing machine, one wonders, is it really worth it? The answer has a lot to do with your expectations for quality, and budget.
  • Wi-Fi concerns. Many people overlook the need for a Wi-Fi connection to use these washing machines remotely. This involves, in some cases, reviewing the ideal location (signal strength) and security issues related to this new type of device.

Best Washing Machine NZ

Key Factors to Consider When Buying a Washing Machine in New Zealand

Ideally, when you go shopping for a brand new washing machine, you must consider the following aspects: 
  1. Price. Washing machines are not inexpensive products, so the price is a decisive factor. Generally, price and quality go hand in hand, so our suggestion is to favour reputable brands at a price that suits your budget.
  2. Capacity. The number of times you plan to do laundry in a week and the number of people living with you determines the capacity you need. The general rule of thumb is that large families should use washing machines with a capacity of more than 7 kg.
  3. Power consumption. Unless you only plan to wash your clothes using cold water, your washing machine can consume a lot of energy. Our recommendation is to prefer washing machines with a good Star Energy Rating.
  4. Dimensions. Washing machines are large and heavy. In that sense, the space they take up can be a decisive factor in your decision.
  5. Connectivity. In addition to hot and cold water connections, if you are considering a state-of-the-art SMART washing machine, you will need to check the strength of your Wi-Fi signal.
  6. Features. Modern washing machines have a large number of features. Depending on the type of laundry your family uses, it may be important to check what kind of advantages, functions, and technologies each washer offers based on the type of fabric being washed.
  7. Post-sales support. Last but not least, there is post-sales support. Many people downplay the importance of this point. Washing machines are the kind of appliances built to last for years, so confirming technical support in NZ is a must. Our recommendation again is to favour reputable brands, even if they are a little more expensive.

Best Washing Machine NZ

Five of the Best Washing Machines Available in New Zealand Right Now

Choosing the best washing machine currently available in New Zealand is not an easy task. We have compiled our list (in no particular order) based on average consumer reviews collected from consumer.org.nz as well as other sources both in New Zealand and overseas.

1. Best Budget Washing Machine: Midea 5.5 Kg Top Load Washing Machine

More details: Midea 5.5 Kg Top Load Washing Machine​
​Pricing: From $399
Best Washing Machine NZ
​What We Like
​What We Dislike
  • Compact dimensions
  • Excellent price
  • Fully digital panel with 8 programs
  • Child safety lock
  • 2 Star Energy Rating
  • Not the best construction
Midea has come up with an interesting product. This top load washing machine is compact enough to fit easily into small spaces. In addition, it offers a convenient digital panel with 8 presets and up to 5.5 kg capacity. All this at a price that is hard to beat. Our only concern is the quality and durability of this washing machine (given its price). Despite this, we have included it on our list as it comes with a 2-year warranty which gives you peace of mind. If you are looking for an inexpensive washing machine with enough capacity for a couple or a family of 3, then this is your best choice.
 
Midea 5.5 Kg Top Load Washing Machine Key Features 
  • Recommended for: Couples and small families
  • Capacity: 5.5 Kg
  • Dimensions (HxWxD): 515 x 525 x 910 mm
  • Power consumption: 2 stars energy rating, 400W rated power
  • Water usage: n/a

Runner-up: VOGUE Active Front Load Washing Machine- From $599

If you prefer front-loading washing machines, then VOGUE is one of your best alternatives.​
  • More details: VOGUE Active Front Load Washing Machine (pricing around $599)

2. Best Small Capacity Washing Machine: Samsung Top Load 5.5 Kg Washing Machine

More details: Samsung Top Load 5.5 Kg Washing Machine​
​Pricing: From $599
Best Washing Machine NZ
​What We Like
​What We Dislike
  • Compact dimensions
  • Good value
  • Samsung Air Turbo Drying System
  • Samsung Tub Clean Technology
  • Durable scratch-resistant window
  • Power-hungry
In our opinion, Samsung has found the perfect balance between price and functionality with this washing machine. Although its capacity is identical to the Midea we have already reviewed, this washing machine offers unique advantages such as the Air Turbo Drying System, which saves time and money by partially drying the laundry or the Tub Clean Technology which is a system that automatically cleans the washing machine internally. Another feature that in our opinion, is worth its price has to do with the Diamond Drum design that is very gentle on clothes. In summary, if your budget allows, we consider the Samsung 5.5 Kg Top Load Washing Machine to be an excellent choice for small families and couples.
 
Samsung Top Load 5.5 Kg Washing Machine Key Features 
  • Recommended for: Couples and small families
  • Capacity: 5.5 Kg
  • Dimensions (HxWxD): 540 x 850 x 560 mm
  • Power consumption: 70kWh/year (Cold wash) , 467kWh/year (Warm wash)
  • Water usage: 80L

Runner-up: LG 6.5 Kg Top Load Washing Machine- From $849

In case you prefer the LG brand, this washing machine offers you a little more capacity but at a much higher price.​
  • More details: LG 6.5 Kg Top Load Washing Machine (pricing around $849)

3. Best Medium Capacity Washing Machine: LG 7.5 Kg Top Load Washing Machine

More details: LG 7.5 Kg Top Load Washing Machine​
​Pricing: From $873
Best Washing Machine NZ
​What We Like
​What We Dislike
  • Agitator-less Smart Inverter Control
  • LG’s TurboDrum technology
  • Pre-wash function
  • Wide and durable glass lid
  • Some consider it a bit complicated to set up 
The quality of a washing machine can be defined in many different ways. One of them is its ability to treat laundry gently. In that sense, this 7.5 kg Top Load LG washing machine has several features that we liked very much. For one thing, it doesn't use an agitator but an inverter control that moves the water in a way that replicates hand washing actions. On the other hand, LG's TurboDrum technology rotates the drum in one direction while the pulsator directs the water in the opposite direction. Add to all this the reputation of LG products and their premium construction, and the result is a spectacular washing machine.
 
LG 7.5 Kg Top Load Washing Machine Key Features 
  • Recommended for: Small and medium-sized families
  • Capacity: 7.5 Kg
  • Dimensions (HxWxD): 590 x 1330 (lid open) x 620 mm
  • Power consumption: 413 kWh / 365 Uses (warm) / Energy Rating 3 Star / 80 kWh / 365 Uses (cold)
  • Water usage: 110L

Runner-up: Fisher & Paykel 8kg Front Load Washing Machine- From $1,299

For those Kiwis who favour front-loading washing machines, this 8 kg Fisher & Paykel is an excellent alternative to consider.​
  • ​More details: ​Fisher & Paykel 8kg Front Load Washing Machine (pricing around $1,599)

4. Best Big Capacity Washing Machine: Samsung 13kg Top Load Washing Machine

More details: Samsung 13kg Top Load Washing Machine​​
​Pricing: From $1,598
Best Washing Machine NZ
​What We Like
​What We Dislike
  • Built-in sink (Activ dual wash)
  • Low noise
  • Samsung Tub Clean technology
  • Easy troubleshooting thanks to smart app
  • Bulky and heavy
  • 3 Star Energy Rating 
When it comes to large washing machines, this Samsung is definitely one of the best options available. With a 13 kg capacity and a 133-litre drum, it's a given that you'll be able to wash all your family's clothes at once. Its easy-access panel and integrated sink are also welcome features in this type of washing machine. As you would expect from Samsung, this washer features Tub Clean as well as other technologies that ensure your laundry is treated as it deserves. Bear in mind, however, that this 13 kg Samsung washing machine uses a lot of electricity, so we only recommend it for large families who take advantage of special off-peak hours.
 
Samsung 13 Kg Top Load Washing Machine Key Features 
  • Recommended for: Medium and large families
  • Capacity: 13 Kg
  • Dimensions (HxWxD): 686 x 1,077 x 744 mm
  • Power consumption: Warm Wash: 749 kWh/year, Cold Wash: 186 kWh/year, 3 Star
  • Water usage: 133L

Runner-up: LG 12 Kg Top Load Washing Machine- From $1,618

An excellent alternative to our choice in this category is the LG Top Load Washing Machine 12 kg which has lower energy consumption.​
  • ​More details: ​LG 12 Kg Top Load Washing Machine (pricing around $1,618)

5. Best SMART Washing Machine: Electrolux 10kg front load washer, AutoDose, Wi-Fi

More details: Electrolux 10kg front load washer, AutoDose, Wi-Fi
​Pricing: From $2,198
Best Washing Machine NZ
​What We Like
​What We Dislike
  • Latest AutoDose technology
  • 5 Star Energy Rating
  • Smart functionality
  • Ultramix system
  • Woolmark Blue certification
  • Expensive
  • Requires a WiFi connection to take full advantage of it
If you are one of the thousands of tech-savvy New Zealanders, then this washing machine may be just what you've been looking for. Electrolux has incorporated a host of unique features into this 10 kg washing machine. On the one hand, AutoDose automatically delivers the exact amount of detergent and fabric softener. On the other hand, the Ultramix system ensures that the detergent is completely and homogeneously dissolved in the laundry. Add the exclusive Woolmark Blue certification and its SMART technology that allows you to control all functions from your phone and you get one of the most advanced washing machines currently available in NZ. If you are looking for comfort and state-of-the-art technology, our recommendation is to take a look at the specification sheet of this beautiful Electrolux washing machine.
 
Electrolux 10kg front load washer, AutoDose, Wi-Fi Key Features 
  • Recommended for: Medium and large families
  • Capacity: 10 Kg
  • Dimensions (HxWxD): 600 x 659 x 850 mm
  • Power consumption: 5 Star Rating,  214 kWh/year (warm wash)
  • Water usage: 86L

LG 12 Kg Front Load Washing Machine- From $2,199

An excellent alternative in this category is the fabulous LG with Steam+ technology which is larger in capacity but similarly priced.​
  • ​More details: ​LG 12 Kg Front Load Washing Machine

Best Washing Machines NZ Frequently Asked Questions

Frequently Asked Questions

What are the different types of washing machines available

Several types of washing machines are available, including top-loading, front-loading, and SMART washing machines. We explain the differences in detail in our types of washing machines​ section.

What should I consider when choosing a washing machine?

When choosing a washing machine, you should consider the machine's size, the drum's capacity, the types of wash programs available, the energy efficiency of the machine, the price, and the brand. You should also think about the features that are important to you, such as steam cleaning, automatic detergent dispensing, and smart connectivity.

How much should I expect to pay for a washing machine?

The price of a washing machine can vary widely depending on the type, size, and features of the machine. Top-loading washing machines can start at around $400, while front-loading washing price slightly more. High-end washing machines with many features can cost upwards of $2,000+.

How do I maintain a washing machine?

To maintain your washing machine, you should regularly clean the drum, gasket, and detergent dispenser and check for and replace any damaged parts. You should also use the correct amount of detergent and avoid overloading the machine. You can find specific maintenance instructions in the manual that comes with your washing machine.

What is the warranty on a washing machine?

The warranty on a washing machine can vary depending on the brand and model. Most washing machines come with a one-year warranty covering materials and workmanship defects. Some washing machines may also have an extended warranty available for purchase. It's important to read the warranty's fine print and understand what is and is not covered. The Consumers Guarantee Act says a washing machine should last a "reasonable amount of time". This example from a government website infers this should be at least two years.

How long does a washing machine typically last?

A washing machine can last for many years, with an average lifespan of around 10-15 years. However, the lifespan of a washing machine can vary depending on the quality of the appliance and how well it is maintained.

How do I dispose of my old washing machine?

To dispose of an old washing machine, the retailer you buy your new washing machine from may offer a service. If it still works, you may also be able to sell it. Otherwise searching online for a collection company will solve the issue.
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  • Loans & Finance
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  • Banking & Savings
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  • KiwiSaver
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  • Business
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  • MSD
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  • Law
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  • Travel
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  • Broadband
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  • Power
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  • Financial Independence
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      • Saving on Household Bills
      • Debt Help
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      • How to Protect Your Finances from Inflation
      • Impacts of Inflation in New Zealand - 2022 and Beyond
      • Tips for Families on a Single Income
      • Side Hustles
      • Charities in New Zealand
      • Lending Money to Friends & Family
      • Guarantors - Loans and Mortgages
  • Trade & Professional Services
    • Auckland Trade & Professional Services
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    • Christchurch Trade Services
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    • Hamilton Trade Services
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