CORRECT: Overseas buyers missing in action, building consents dip in March

Thu, 02 May 2019

(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took hold. Home transfers to people who didn’t hold New Zealand citizenship or a resident visa fell more than 80 percent in the March 2019 quarter compared with the same period a year earlier, Stats NZ said. “Overseas people acquired just 0.6 percent of homes transferr...

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Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 1:00pm

The Quiz Free

QuiznessDesk: Wednesday, May 01

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The Quizmaster 9:15am

Primary Sector

John Penno quits Synlait board as George Adams elected chair

Synlait Milk co-founder John Penno has quit the company’s board, and George Adams has taken over as chair.The debt-laden milk processor told the New Zealand stock exchange (NZX) on Wednesday that Adams, who joined the board in March as an independent director, would take over fro...

Riley Kennedy 9:15am