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House builders hurt by looming RBNZ mortgage lending restrictions, seek exemptions
By Tina Morrison Sept. 27 (BusinessDesk) – House builders may be hurt by Reserve Bank mortgage lending restrictions which take effect next week and the nation’s building lobby group wants new home construction to be excluded from the rules. Building companies that specialise i...

RBNZ’s Wheeler reiterates over-valued currency, housing dilemma in annual report
By Paul McBeth Sept. 27 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has reiterated that his two biggest challenges are the over-valued currency and the housing market, in the 2013 annual report, which shows the central bank made a dividend payment of $175 million in th...

Vital Healthcare to spend A$29.9 million redeveloping and expanding NSW hospitals
By Tina Morrison Sept. 27 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, plans to spend A$28 million to redevelop a hospital in Sydney and A$1.9 million to extend a hospital near Newcastle, to meet rising...