Hunt for yield driving property investors to regions, Reserve Bank Governor says
By Sophie Boot May 11 (BusinessDesk) - Higher rental yields could be enticing property investors out of Auckland, Reserve Bank Governor Graeme Wheeler said, although he would not be drawn over whether the central bank will act to slow the surge in house prices across the count...
NZ house prices reach record in four regions on continued spillage from Auckland, REINZ says
By Sophie Boot May 11 (BusinessDesk) - A "chronic lack" of housing supply is driving up prices across New Zealand, with record median prices reached in four of the 10 regions and sales volumes rising across the board in April, according to the Real Estate Institute. Record...
NZ guest nights rise in March on Easter tourism
By Sophie Boot May 11 (BusinessDesk) - New Zealand guest nights rose in March for the 24th month in a row, reaching the highest level for the month in the 20-year history of the survey as all regions saw tourist number increases. National guest nights advanced 12.3 percent...
Hellaby reduces management team, will update market after weak second half
By Sophie Boot May 11 (BusinessDesk) - Hellaby Holdings is restructuring its business, with the chief operating officer and chief investment officer both resigning, and says it will update the market on guidance in three weeks after a weaker-than-expected second half. In a...
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