News in Brief

News in Brief
Build cost inflation likely to hit 'double figures' by next year
News in Brief

Build cost inflation likely to hit 'double figures' by next year

The cost of building a "standard" 200-square-metre home was up by a record 9.6% over the past 12 months.

Staff reporters 14 Oct 2022
International buyer snaps up Youth Hostel properties
News in Brief

International buyer snaps up Youth Hostel properties

The youth hostel and backpacker operator has sold its national 'prime' properties.

Staff reporters 13 Oct 2022
Govt dishes out $192m for projects in regions
News in Brief

Govt dishes out $192m for projects in regions

The investment means more 11,500 homes can be built over the next 10 to 15 years.

Staff reporters 13 Oct 2022
Borrowers still balancing their books, bankers say
News in Brief

Borrowers still balancing their books, bankers say

Nearly half of customers with home loans are ahead on payments, says the New Zealand Bankers' Association.

Riley Kennedy 13 Oct 2022