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Home loan affordability improved in August for the third consecutive month as lower interest rates and reduced mortgage payments more than offset a slight rise in house prices.
By Ric Spooner (Chief Market Analyst, CMC Markets)
Shuttlerock, a visual marketing software company based in Rangiora near Christchurch, founded by former ValueClick Media Japan chief executive officer Jonathan Hendriksen, today announced it has raised $2.35 million in Series A funding.
"The lower GDP growth in the three months to June is further evidence that growth has peaked. New Zealand’s economy is on the way down to mediocre growth rates," says CTU economist Bill Rosenberg.
Strong growth in service industries saw gross domestic product (GDP) rise 0.7 percent in the June 2014 quarter, Statistics New Zealand said today.
The NZD/USD sits lower this morning, at 0.8120, after drifting downward overnight and suffering post-US FOMC volatility.
Leading home builder Jennian Homes has challenged the Government to reduce the number of serious home-related injuries by extending the rental home warrant-of-fitness scheme, proposed by several political parties, to cover all homes in New Zealand.
Today’s steadying of GlobalDairyTrade is a welcome news for dairy farmers.
"With peak milk about four weeks away we could do with some good news and while steady as she goes isn’t a plus sign, at least it is not a negative," says Andrew Hoggard, Federated Farmers Dairy chair.
By Ric Spooner (Chief Market Analyst, CMC Markets
Skilled job vacancies advertised online dropped 0.4 per cent in August, according to the latest Ministry of Business, Innovation and Employment’s Jobs Online report.
In the previous year skilled vacancies advertised online increased by six per cent.
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