Fewer houses sold in June says REINZ
By Rebecca Howard July 12 (BusinessDesk) - Fewer houses are selling and it’s taking longer to sell them, data from the Real Estate Institute of New Zealand shows. The number of residential properties sold across New Zealand fell to 5,978 in June, down 3.8 percent from the...
NZ dollar steady as investors shrug off US CPI data
By Rebecca Howard July 12 (BusinessDesk) - The New Zealand dollar held its gains on expectations stronger-than-expected US inflation data won't prevent a rate cut there later this month. The kiwi was trading at 66.66 US cents at 8am in Wellington from 66.67 US cents at 5pm....
NZ dollar rides higher on Powell’s dovish testimony
By Rebecca Howard July 11 (BusinessDesk) - The New Zealand dollar continued to tick higher after dovish comments by US Federal Reserve chair Jerome Powell increased the prospects of deeper rate cuts there at the end of the month. The kiwi was trading at 66.67 US cents at 5p...
Retirement village watchdog calls for clarity on rules, costs
By Rebecca Howard July 11 (BusinessDesk) - New Zealand’s government retirement village watchdog says there needs to be more clarity regarding the rules and costs of moving from independent living to rest home-type care facilities on the same site. According to the Commissio...
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