NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Personal Finance / Investment

Iwi assets climb from $6b to $7.8b: new report

Anne Gibson
By Anne Gibson
Property Editor·NZ Herald·
22 Jan, 2018 09:03 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

A new report out on iwi assets calculates each iwi's worth. Photo/Clint Trahan

A new report out on iwi assets calculates each iwi's worth. Photo/Clint Trahan

The asset base of New Zealand's approximately 70 iwi rose by $1.8b in the last year to $7.8b, a new study out today has found.

Phil Barry and William Turner of financial and investment business TDB Advisory in Wellington released the Iwi Investment Report 2017.

The growth was driven partly by six new settlements in the last two years totalling $222m, they said listing iwi as Ngati Hei ($8.5m redress), Ngati Tamaoho ($10.3m), Ngāti Tūwharetoa ($78m), Ngāti Tara Tokanui ($6m), Ahuriri Hapū ($19.5m) and Te Wairoa ($100m).

Barry said $4.8b of assets was controlled by the eight richest iwi as at June last year and excludes relativity payments to Waikato-Tainui and Ngai Tahu.

The eight iwi represent about 53 per cent of the Maori population throughout New Zealand. They have around $4.8b in assets and that is steadily growing. Last year, eight iwi had just $4.4b, TDB noted.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Barry predicted that by 2026, iwi assets nationally could climb to $12b.

"Ngāi Tahu and Ngāti Whātua Ōrākei have comfortably outperformed our benchmark return of 9 per cent per annum, with average returns of 13 per cent per annum and 16 per cent respectively, over the last five years," the report said.

"Raukawa and Waikato-Tainui have generated returns approximately in line with the benchmark portfolio and the remaining four iwi have generated lower returns. They are Ngāpuhi, Ngāti Porou, Rangitane o Wairau and Tūhoe," the report said.

Advertisement
Advertise with NZME.
Iwi assets are predicted to climb to $12b by 2026. Photo/Alan Gibson
Iwi assets are predicted to climb to $12b by 2026. Photo/Alan Gibson

Ngāi Tahu, Ngāti Whātua Ōrākei, Rangitāne o Wairau and Waikato-Tainui had a strong bias towards property investment, reflecting their settlements. Ngāti Porou, Raukawa and Tūhoe had made a distinct effort to diversify their portfolios, particularly into managed funds, the report said. Ngāpuhi is yet to settle with the Crown, other than through the Treaty of Waitangi fisheries settlement.

The eight richest iwi

• The South Island's Ngāi Tahu is by far the wealthiest. Its 1997 Crown redress was $170m but it now has $1.66b of assets;

• Waikato-Tainui ($170m in 1995) has $1.22b;

• Auckland's Ngāti Whātua Ōrākei's ($18m in 2011) has $1.08b;

• Te Urewera's Tūhoe ($169m in 2012) has $348m;

• The East Cape's Ngāti Porou ($90m in 2010) has $232m;

• South Waikato's Raukawa ($50m in 2012) has $149m;

• Northland's Ngāpuhi (yet to settle) has $58m;

• The upper South Island's Rangitāne o Wairau ($25m in 2010) has $44m.

"Even though we are reviewing only eight iwi, these eight iwi account for approximately 53 per cent of the total Māori population in New Zealand (Census 2013) and manage approximately 60 per cent of total assets in the sector," the report said.

Discover more

Lifestyle

'Maori twerk': NZ's Kiwi as porn habits revealed

18 Jan 07:31 PM
New Zealand

Harbour bridge trips the light fantastic

19 Jan 04:00 PM
Kahu

Maori in Shakespeare draws backlash

20 Jan 04:00 PM
New Zealand

East coast storms fatal for penguins

18 Jan 06:00 PM

Barry said the stand-out financial performers were Tainui-Waikato whose assets had risen from $1.224 billion to $1.244b between 2016 and 2017 and Ngāti Whātua Ōrākei whose asset base rose from $938.8m to $1085.7b.

Waikato-Tainui had begun work on its Ruakura inland port and Ngāti Whātua is entering agreements with Housing NZ Corporation to buy tranches of Auckland land.

The report noted Ngai Tahu distributed $25m to members in 2017. Distributions had generally grown in line with net worth, TDB said.

Eastcliffe: 33 units have been evacuated. Photo/Doug Sherring
Eastcliffe: 33 units have been evacuated. Photo/Doug Sherring

However, the report did not note Ngāti Whātua Ōrākei Eastcliffe retirement village disaster where extensive seismic, weathertightness and safety issues prompted evacuations last year. Buildings will cost an estimated $29.7m to fix, making repairs to 33 units "unfeasible", according to Ngarimu Blair, a director of Ngāti Whātua Ōrākei's Whai Rawa.

The TDB report took an optimistic outlook on iwi finances: "There has been an increased level of investment diversification by a number of iwi when compared with our 2016 report. In 2017, Ngāti Porou, Raukawa, and Waikato-Tainui have taken steps to further diversify their portfolios through indirect investments in equities and some direct investments."

Save

    Share this article

Latest from Investment

Premium
Opinion

Mary Holm: The ways to make your cash last in retirement

04 Jul 05:00 PM
Premium
Opinion

Nadine Higgins: Alternative ways to get on the property ladder

21 Jun 05:00 PM
Premium
Opinion

Mary Holm: Should I pay off my student loan or invest in an index fund?

13 Jun 05:00 PM

From early mornings to easy living

sponsored
Advertisement
Advertise with NZME.

Latest from Investment

Premium
Mary Holm: The ways to make your cash last in retirement

Mary Holm: The ways to make your cash last in retirement

04 Jul 05:00 PM

OPINION: Renting can be a better option than owning your own home.

Premium
Nadine Higgins: Alternative ways to get on the property ladder

Nadine Higgins: Alternative ways to get on the property ladder

21 Jun 05:00 PM
Premium
Mary Holm: Should I pay off my student loan or invest in an index fund?

Mary Holm: Should I pay off my student loan or invest in an index fund?

13 Jun 05:00 PM
Premium
Nadine Higgins: Should you swap residential for commercial property?

Nadine Higgins: Should you swap residential for commercial property?

07 Jun 09:00 PM
Solar bat monitors uncover secrets of Auckland’s night sky
sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP