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Māori economy put at $68.7b, workforce up by 100,000 people: new BERL report

Around 100,000 more Māori are in the workforce now than eight years ago, according to a new report from Business and Economic Research with Te Pūtea Matua the Reserve Bank.Te Ōhanga Māori 2018, released this...

Source: - Property | 28 Jan 2021 | 11:24 am

Auckland rents hit new high, forecast to top $600/week soon: Barfoot & Thompson

Auckland residential rents have hit a new all-time high and are forecast to climb further soon to an average $600/week.Kiri Barfoot, a Barfoot & Thompson director, said average weekly rents rose around $12/week to reach a new high...

Source: - Property | 27 Jan 2021 | 2:36 pm

Man accused of arson after fire damages 105-year-old Christchurch mansion

A man accused of arson after a fire ripped through a 105-year-old Christchurch mansion has today been remanded in custody. The 40-year-old man, who has interim name suppression, was arrested and charged with arson after the blaze...

Source: - Property | 27 Jan 2021 | 11:31 am

Countdown opens supermarket in $70m building at Auckland's Wynard Quarter

Countdown today opened its 183rd New Zealand store, targeting office workers and apartment dwellers in Auckland's Wynyard Quarter on the waterfront.The new 650sq m metro-sized store is on the ground floor of Infratil's new $70 million...

Source: - Property | 27 Jan 2021 | 11:01 am

Tenant painters 'make my blood boil' - multimillionaire landlord Ron Goodwin

A multimillionaire Auckland landlord will ban tenants from painting homes once a new law comes into effect next month giving renters more rights to alter places if they get the owners' consent."The very suggestion of tenants doing...

Source: - Property | 26 Jan 2021 | 3:12 pm

Auckland 'ghost house' sells for $1.8 million at auction

A century-old Auckland villa known to some as a "ghost house" for its tumbledown appearance has sold for almost $2 million at auction.That's given the owner of the three-bedroom home at 1664 Great North Rd in Avondale a healthy...

Source: - Property | 26 Jan 2021 | 1:26 pm

House prices: Twenty years of housing costs beating wages in one heinous chart

Originally published by The Spinoff For two decades, under both National and Labour governments, housing costs have risen far faster than wages. Here's a horrific graph that shows by just how much. Last Thursday saw the first...

Source: - Property | 26 Jan 2021 | 10:59 am

NZ's newest house builder: Japanese giant Panasonic Homes joins Mike Greer

A brand name better known for electronics than construction has finished its first New Zealand home.Panasonic Homes says it has built a prefabricated three-bedroom prototype in the Waikato's Te Kauwhata, the first of many it will...

Source: - Property | 25 Jan 2021 | 11:58 am

The $8.5m clifftop estate expats are prepared to buy sight unseen

A luxury multimillion-dollar estate overlooking the Pacific Ocean is attracting "tremendous" buyer interest, including from ex-pats who are prepared to buy sight unseen. Kauri Mountain Point , which sits on 10.15ha on its own peninsula...

Source: - Property | 25 Jan 2021 | 6:23 am

Irishman Creek Station reportedly going up for sale

The Irishman Creek Station is reportedly going up for sale.The property, a short distance from Lake Tekapo, is currently a sheep and beef farm.In the early 1950s, the station played a major role in the way boats propelled themselves...

Source: - Property | 23 Jan 2021 | 6:00 am

Prime Minister Jacinda Ardern promised to fix the housing crisis - and our readers had a lot to say about it

On Thursday morning, Prime Minister Jacinda Ardern declared that fixing New Zealand's housing crisis " is a key focus of this Government ".Ardern made the pledge at a Nelson press conference where she gave details about the Government's...

Source: - Property | 22 Jan 2021 | 1:36 pm

Elizabeth Zhong murder: Vineyard owned by victim bought by Southland farmers

A Southland dairy farming couple with a passion for Central Otago have purchased a vineyard owned by a slain Auckland woman.Northern Southland dairy farmer Tony Cleland confirmed to the Otago Daily Times he and his wife Alison had...

Source: - Property | 22 Jan 2021 | 9:20 am

Record price for Queenstown Hill home

A record price has been fetched for a Queenstown Hill holiday home.The award-winning four-bedroom St Andrews Park home sold this week for more than Queenstown Hill's previous high — a home at The Peak that sold for $6.4 million...

Source: - Property | 21 Jan 2021 | 1:52 pm

Media glorifies NZ government’s pro-business response to the pandemic - SEG

The corporate media internationally has hailed the response of the Labour Party-led government in New Zealand to the COVID-19 pandemic.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 15 Apr 2020 | 10:07 am

Committee to continue asking questions NZers want answers to - Simon Bridges

The Epidemic Response Committee will resume on Tuesday to continue probing the Government’s response to Covid-19, Opposition Leader Simon Bridges says.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 9 Apr 2020 | 2:01 pm

Mortgage deferrals will not affect customer credit ratings - NZBA

Anyone who has deferred their mortgage repayments for up to six months because they are financially impacted by Covid-19 will not have their credit rating affected as a result of the deferral, provided they were not in arrears before the pandemic.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 9 Apr 2020 | 10:44 am

The Co-op Bank confirms no rebate payments for financial year ended 31st March

Due to the materially different economic environment New Zealand now faces as a result of the COVID-19 pandemic, the Board of Directors of The Co-operative Bank - a customer owned bank - has agreed that the Bank will not be paying a rebate for the financial year ended 31st March 2020.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 8 Apr 2020 | 9:31 am

Expanded large scale asset purchases - RBNZ

The Reserve Bank of New Zealand has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). This represents approximately 30 percent of the total LGFA debt on issue, and takes the total size of the LSAP to $33 billion over 12 months.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 7 Apr 2020 | 3:38 pm

Reserve Bank's 'quantitative easing' repeats the mistakes of others - Positive Money

Those who do not learn from history are doomed to repeat it and our Reserve Bank has chosen to repeat a costly mistake, says Positive Money national spokesperson Don Richards.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 7 Apr 2020 | 11:42 am

Manufacturing slump, "two bad weeks", destroy sentiment - CMC Markets

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 2 Apr 2020 | 12:10 pm

Govt called on to pay the country's next rates bill - Social Credit

The government needs to step up and pay the next rates instalment to councils on behalf of property owners and businesses as part of its economic support package.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 2 Apr 2020 | 12:37 am

Fair Insurance Code helps to improve understanding of insurance - ICNZ

The Insurance Council of New Zealand (ICNZ) has today launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers should work.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 31 Mar 2020 | 11:27 am

Working together to ensure cash-flow and confidence - NZ Reserve Bank

Te PÅ«tea Matua - the Reserve Bank of New Zealand - is working closely with the whole of government and industry to ensure financial stability.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 30 Mar 2020 | 2:35 pm

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