Property

Explore the latest property news by BusinessDesk. 
Warning – NZ bank deposits are not guaranteed
Opinion

Brian Gaynor: Warning – NZ bank deposits are not guaranteed

Banks are profitable when they focus lending on a buoyant sector, until they get over-exposed and the sector implodes. Then what happens to deposit holders?

Brian Gaynor 12 Feb 2022
Fletcher's hits gib limit, freezes orders
Property Free

Fletcher's hits gib limit, freezes orders

Fletcher Building owned Winstone Wallboards, the dominant player in the plasterboard market, is shutting down supply to home builders as its forward orders stretch to three months.

Staff reporters 11 Feb 2022
Vulcan anxious to get RATs to cope with omicron
Property

Vulcan anxious to get RATs to cope with omicron

In New South Wales, Vulcan tested its drivers every morning using rapid antigen tests and tested the rest of its staff twice weekly.

Jenny Ruth 11 Feb 2022
Freshly-listed Vulcan records 85% first-half profit rise
Property

Freshly-listed Vulcan records 85% first-half profit rise

Vulcan's sales volumes were up 10% but revenue jumped 35% in the six months ended December.

Staff reporters 10 Feb 2022