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Home affordability improves, except in Auckland Massey University
By Hannah Lynch Oct. 9 (BusinessDesk) - Auckland is the only region in New Zealand where home affordability has declined over the past year, according to Massey University Real Estate Home Affordability Report. The all districts national affordability index improved 4.9 percen...
Auckland Council to offer $175M in retail bonds for infrastructure
Oct. 8 (BusinessDesk) - Auckland Council, New Zealand's biggest local body after its amalgamation of eight of the region's councils into one in November 2010, wants to raise up to $175 million in a retail bond offer. The council plans to sell $125 million in six-year bonds, an...
RESEND NZ dollar falls vs. greenback, euro as Spanish bailout remains in focus
By Hannah Lynch Oct. 9 (BusinessDesk) - The New Zealand dollar fell against the greenback and the euro as European finance ministers prepare to meet in Luxembourg amid speculation Spain is struggling to avoid a bailout request. The New Zealand dollar fell to 82.02 US cents at 8...
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