Building sector: a victim of 'pre-existing conditions'?

Residential cost inflation is one of the highest in the OECD. (Image: BusinessDesk)

Tue, 08 Feb 2022

Commercial and residential build cost inflation surged by more than 10% last year in New Zealand, one of the highest levels in the Organisation for Economic Co-operation and Development (OECD) and the biggest spike since before 2008’s global financial crisis.Peter Nunns, director of economics at the NZ Infrastructure Commission, said NZ can look forward to more of the same in the coming years on the back of a rampant construction cycle.Nunns said while covid has certainly had an impact across supply chains and served to push up imported m...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am