NZ median house price eases in April, number of sales tumble
By Rebecca Howard May 12 (BusinessDesk) - New Zealand's median house price eased slightly in April and while prices held up better outside the nation's largest city of Auckland, the number of sales took a tumble as wet weather and holidays curbed buyer interest, according to t...
MARKET CLOSE: NZ shares jump as RBNZ signals low rates for longer, Xero climbs on earnings
By Rebecca Howard May 11 (BusinessDesk) - New Zealand shares pushed higher after the central bank held interest rates at a record low and unexpectedly kept its forecast rate track unchanged, stoking demand for dividend-paying stocks including property firms and power companies...
Vital Healthcare to buy hospitals from Acurity for $68M in development partnership
By Rebecca Howard May 11 (BusinessDesk) - Vital Healthcare Property Trust has entered a conditional agreement with Acurity Health Group to become its long-term real estate capital partner, helping redevelopment and grow Acurity’s portfolio of private hospitals in New Zealand....
Government chips in $178M to shore up tourism infrastructure
By Rebecca Howard May 11 (BusinessDesk) - The government announced a new $102 million Tourism Infrastructure Fund alongside $76 million for new and upgraded tourism infrastructure for the Department of Conservation ahead of the 2017 budget. The Tourism Infrastructure Fund...
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