NZD stories
Low rates, fiscal stimulus and reopening borders should support New Zealand property values in 2021, though office and retail risks remain.
Market turmoil has scuppered Centuria Capital’s NZD $180 million bid for Augusta Capital, sending the fund manager’s shares down 8.3 percent.
Economic worries are deepening as COVID-19 threatens recession, job losses and delayed launches across New Zealand's fintech sector.
New Zealand home values kept climbing in February, lifting the average house to NZD $722,475 and worsening affordability for buyers.
Higher borrowing demand and scant listings pushed New Zealand’s national median house price to a record NZD $630,000 in November.
Affordability and tight supply are driving activity in cheaper districts, with Tararua, Waipa and Selwyn topping the turnover rankings.
A first Auckland house price rise in six months, alongside record national highs, suggests spring demand is lifting the market.
Tourism and local jobs are set to get a lift as Kaikoura rebuilds, with a NZD $30 million hotel approved after the quake.
A New Zealand freight firm has been fined NZD $506,300 after a worker was crushed by falling pallets during forklift unloading in Auckland.
Foreign capital now dominates New Zealand’s biggest commercial property deals, as domestic investment fell 77% to GBP £400 million in 2017.
A landmark report warns New Zealand could miss out on NZD $53 billion in GDP gains by 2035 unless firms act on AI now.
Auckland buyers face a tightening apartment market as just 12 months of supply remain, while average prices climb 12 per cent to NZD $1.12 million.
Auckland faces a USD $5.9 billion transport funding gap over the next decade as revised population forecasts point to faster growth.
Record visitor numbers helped push hotel and motel consent values to GBP £490 million in the June 2017 year, Stats NZ says.
Claims linked to the quake have reached NZD $1.84 billion, with commercial losses accounting for most of the bill and settlements accelerating.
A drainage contractor was fined NZD $48,875 after poor hazard planning left a worker run over by an excavator and badly injured.
Investors are snapping up regional accommodation as New Zealand’s tourism boom pushes enquiry and sales to record levels.
The New Zealand dollar gained against the euro, which fell through key support levels against the greenback even after Greece honoured its commitment.
The New Zealand dollar was little changed as investors await US Federal Reserve chair Janet Yellen's semi-annual testimony to US lawmakers for clues a.
The New Zealand dollar is heading for a 1 percent weekly gain against the greenback as recent data and with upbeat dairy auctions.
