Property
Explore the latest property news by BusinessDesk.
Christchurch Airport spends $45m on potential Central Otago airport
Christchurch Airport says it has spent $45 million, including the purchase of a 750-hectare parcel of land, as it flies a plan to situate a new ‘world class’ airport near the Central Otago farming community of Tarras. Chief executive Malcolm Johns said discussions will now beg...
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Goodman eyes new retail bond ahead of maturity
Goodman Property Trust will likely offer a new retail bond to replace a $100 million bond maturity in December to keep its bank funding available for other uses. Chief financial officer Andy Eakin told Goodman's annual meeting of unit holders that despite “ample capacity” to r...
Banks more positive, but house prices could still fall 10%
Banks are being less than apocalyptic on their expectations for a post-covid housing market correction, which could be as low as 5 percent, although they warn of potentially significant regional variations. ASB Bank economist Mike Jones is forecasting a modest 6 percent decline i...
Primary Sector
Dairy farm sales drop 29% as tighter lending conditions weigh
Dairy farm sales slumped by almost a third over the past year as farmers contended with an uncertain market and tighter lending conditions. That contributed to an overall decline of 13.9 percent in rural property transfers across the country to a total of 1,154 farms in the 12 mo...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver