Finance stories
Residents will face a 13.5% rates rise as the council backs billions for water, housing, cycleways and library repairs over a decade.
House prices are likely to cool after the Reserve Bank reinstated loan-to-value curbs from 1 March amid stability concerns.
House buyers and investors face tighter mortgage rules from 1 March as the Reserve Bank warns high-LVR lending is rising again.
Experts say the $50 billion COVID-19 recovery plan will lift jobs and infrastructure, but warn it leaves big tax and housing gaps.
New Zealand’s wage subsidy extension and infrastructure spending are meant to blunt soaring unemployment as the economy heads into recession.
Market turmoil has scuppered Centuria Capital’s NZD $180 million bid for Augusta Capital, sending the fund manager’s shares down 8.3 percent.
Lower borrowing costs are expected to bolster New Zealand property demand, with record-low interest rates giving buyers greater certainty and confidence.
Billions in COVID-19 spending could be used to unlock projects, create jobs and speed New Zealand’s economic recovery, Infrastructure NZ says.
A stronger fintech climate has lifted Auckland into Asia Pacific’s top 25, with New Zealand now ranked 45th globally in a new index.
Borrowers and savers face a shift as New Zealand rates fall, prompting calls to move cash into productive assets rather than bank deposits.
Sydney and Brisbane are set for a wave of transport works, as state budgets channel billions into roads, rail and hospitals despite softer revenues.
Global growth is expected to slow as US-China trade tensions, heavy debt burdens and fragile emerging markets weigh on the outlook.
Business and government leaders will hear how blockchain could improve data control, security and efficiency across key sectors at an Auckland conference.
Water utilities could cut costs, improve transparency and secure data as blockchain promises a decentralised way to share records.
Foreign capital now dominates New Zealand’s biggest commercial property deals, as domestic investment fell 77% to GBP £400 million in 2017.
Greater use of private capital is still needed as New Zealand’s Budget only partly meets the country’s infrastructure investment gap, industry leaders say.
Specialised procurement is being urged to keep NZD $42 billion in capital spending on schedule, as costs could rise if projects are poorly sequenced.
Auckland’s transport funding gap is so large that a fuel tax would cover only a fraction of the needed NZD $10 billion, carriers say.
New Zealand’s blockchain sector is growing fast, but regulators risk falling behind as firms and startups draw global attention.
Roads, utilities and telecoms could see heavy spending for years as autonomous cars are adopted far more slowly than many expect.
