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Median house price up but sales numbers fall

Median house price up but sales numbers fall
Wellington, July 14 NZPA - The number of residential property sales fell in June, although the median price edged up, latest figures from the Real Estate Institute of New Zealand (REINZ) show.

NZ interest rate rise likely but still a close call

NZ interest rate rise likely but still a close call
Wellington June 4 NZPA - Australia this week paused after hiking its official cash rate six times to 4.5 percent, but New Zealand will likely start raising its rate next week.

NZ dollar rises above US68c as risk back in favour

NZ dollar rises above US68c as risk back in favour
Wellington, June 3 NZPA - The New Zealand dollar rose along with a firm Australian dollar today as investors became more comfortable with risk as equity markets rallied. Attention is also turning to next week's Reserve Bank of New Zealand (RBNZ) monetary policy statement.

Fonterra shareholders approve vote on trading shares

Fonterra shareholders approve vote on trading shares
Wellington, June 1 NZPA - Fonterra's farmer shareholders have given a green light for a vote by the cooperative's 10,000 members on whether to allow trading of shares between farmers.

Forsyth Barr picks up former ABN Amro investment bankers

Forsyth Barr picks up former ABN Amro investment bankers
Wellington, May 31 NZPA - Forsyth Barr has picked up investment bankers Guy Williams, Robert Bogers, Rob Buchanan and Rory MacEwan.

Tax on property investment decisions awaited in Budget

Tax on property investment decisions awaited in Budget
Wellington, May 16 NZPA - The focus for business in the government's budget on Thursday will be on changes to rules surrounding property investment and the detail of the well-signalled switch to lower income tax funded by a higher goods and services tax (GST), according to analysts.

NZ building consents up in February

NZ building consents up in February
Wellington, March 30 NZPA - Residential building consent figures rose in February, but some economists are warning of risks to a continued recovery in the industry.

Deutsche to buy 49.9 pct stake in Craigs Investment Partners

Deutsche to buy 49.9 pct stake in Craigs Investment Partners
Wellington, March 30 NZPA - Deutsche Bank is planning to buy a 49.9 percent interest in private wealth and investment management firm Craigs Investment Partners.

Residential property sales nearer to normal: REINZ

Residential property sales nearer to normal: REINZ
Wellington, March 12 NZPA - Residential property sales last month were closer to 2009 levels after in January reaching their lowest level in nearly two decades, Real Estate Institute of New Zealand (REINZ) figures show.

Debate Over Timing Of Next Rate Rise

Wellington, Jan 28 NZPA - Bank economists are divided on when the Reserve Bank will next hike the official cash rate (OCR), and by how much, after Reserve Bank Governor Alan Bollard kept the rate at 2.5 percent today.