News in Brief

News in Brief
Allied Farmers secures significant increase in tax losses
News in Brief

Allied Farmers secures significant increase in tax losses

It obtained a private ruling from Inland Revenue last year.

Riley Kennedy 18 Jan 2023
Annual house price decline in December steady at 13.7%, sales down 39%
News in Brief

Annual house price decline in December steady at 13.7%, sales down 39%

Prices in Wellington fell the most in December compared with a year earlier but sales volumes in Wellington declined the least among the regions.

Staff reporters 18 Jan 2023
Westpac Bank sees more pain ahead for households
News in Brief

Westpac Bank sees more pain ahead for households

Westpac Bank is predicting more pain for households over the year ahead as inflation erodes spending power and borrowing costs push higher.“Conditions for borrowers are set to become a lot tougher over the coming year. Close to half of all fixed-term mortgages will come up for re...

Staff reporters 18 Jan 2023
GDT index almost flat, dropping just 0.1%
News in Brief

GDT index almost flat, dropping just 0.1%

The GDT Price Index decreased just 0.1% to US$3,393 (NZ$5,280) per metric tonne.

Riley Kennedy 18 Jan 2023