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House prices to peak next year on new supply, lower migration: Infometrics
By Paul McBeth July 25 (BusinessDesk) - New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometr...
Two of Hugh Green's children ask court to overrule High Court, remove their sister from family trust
By Sophie Boot July 25 (BusinessDesk) - Two of late NBR Rich Lister Hugh Green's children are asking the Court of Appeal to overturn a ruling that returned control of Green's $400 million business empire to their sister. Last year, Justice Helen Winkelmann ruled a new will...
NZ export log prices drop to 7-month low as higher currency bites
By Tina Morrison July 25 (BusinessDesk) - New Zealand export log prices slid to a seven-month low in July as a stronger local currency and weaker prices in key export markets dented returns. The average wharf gate price for New Zealand A-grade logs dropped to $114 a tonne i...
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