{"id":184011,"date":"2025-12-15T00:04:07","date_gmt":"2025-12-15T00:04:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/184011\/"},"modified":"2025-12-15T00:04:07","modified_gmt":"2025-12-15T00:04:07","slug":"blue-chip-victim-targeted-by-du-val-the-fall-of-the-house-of-du-val-podcast","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/184011\/","title":{"rendered":"Blue Chip victim targeted by Du Val – The Fall of the House of Du Val podcast"},"content":{"rendered":"Laughton was aware of Du Val\u2019s projects, and was bewildered when the group contacted him offering an investment. <\/p>\n
It was all too painfully familiar. <\/p>\n
\u201cYeah, that was a sad feeling, to see that someone else would start up and start looking like they were going to behave in a similar way. <\/p>\n
\u201cI wasn\u2019t ever going to touch it, I\u2019d had enough burn in my life.\u201d <\/p>\n
Sharon Zollner, chief economist at ANZ, tells the podcast that the property market will look very different going forward. <\/p>\n
In recent years, interest rates had trended downwards, enabling homeowners to borrow more, with the resulting demand pushing up house prices. <\/p>\n
But interest rates had hit rock bottom, and the market would not see an upward trend in the amount of debt households could take on. <\/p>\n
\u201cThe next 30 years are not going to look remotely like the last 30 years,\u201d Zollner said. <\/p>\n
Nevertheless, New Zealanders\u2019 traditional obsession with property persists, and there will always be more schemes like Du Val, Dean Anderson, founder of investment manager Kernel Wealth, said. <\/p>\n
He believed the \u201cmagic 10%\u201d was one of the reasons Kiwis were attracted to these unregulated investments. <\/p>\n
\u201cDu Val, but many others, have got this 10%. And I don\u2019t know whether it\u2019s a double-digit thing, how the psychology plays into that, but 10 does seem to be a very repeated return element that many mortgage-backed funds or other schemes that are out there advertised through newspapers.\u201d <\/p>\n
Chris Walsh, the publisher of personal finance website MoneyHub, said there needed to be tighter rules around wholesale investment schemes like Du Val and others. <\/p>\n
\u201cIt needs to be regulated. The wholesale model for these mortgage-backed funds, unfortunately, does need to be regulated. <\/p>\n
\u201cYou\u2019ve got to regulate this because otherwise, you know, I could set up something tomorrow and put some ads on Facebook and dust together a website \u2026 and make it a thing. And who\u2019s regulating me?\u201d <\/p>\n
The Fall of the House of Du Val was made with the support of the Milford Foundation\u2019s Brian Gaynor Business Journalism Initiative and MoneyHub. <\/p>\n
Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Laughton was aware of Du Val\u2019s projects, and was bewildered when the group contacted him offering an investment.…\n","protected":false},"author":2,"featured_media":174710,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1443,27518,15497,138,3595,3028,17400,380,6630,3592,71,1350,10053,15472,9933,40571,111,139,69,1118,3800,814,7565,59860,16124,1458,223,27078,1337],"class_list":["post-184011","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-about","tag-asking","tag-blue","tag-business","tag-by","tag-chip","tag-collapse","tag-decade","tag-du","tag-fall","tag-from","tag-hears","tag-house","tag-invest","tag-later","tag-letter","tag-new-zealand","tag-newzealand","tag-nz","tag-of","tag-podcast","tag-property","tag-receive","tag-schemes","tag-surprised","tag-targeted","tag-the","tag-val","tag-victim"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/184011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=184011"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/184011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/174710"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=184011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=184011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=184011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}