Property
Explore the latest property news by BusinessDesk.
Finance
KiwiSaver withdrawals funding half of first home buyer deposits: KPMG
By Pattrick Smellie July 11 (BusinessDesk) - First home buyers continue to grow as a proportion of the total home mortgage market, with KiwiSaver fund withdrawals now accounting for about half the deposits used to secure a first home, according to KPMG. Two years ago, first...
Retail
National property values up 1.7% in year to June - REINZ
By Rebecca Howard July 10 (BusinessDesk) - National property values rose 1.7 percent in the year to June and would have been up 6.5 percent had Auckland been stripped out, the Real Estate Institute of New Zealand's latest House Price Index shows. The index rose to 2,753 las...
Infrastructure
Geo40 gets $15 mln PGF funding, eyes listing
By Gavin Evans July 8 (BusinessDesk) - Geothermal minerals specialist Geo40 is considering a listing to help fund the next stage of the firm’s growth. The company has operated a demonstration silica extraction facility at the Ohaaki field, in conjunction with Contact Energy...
Law & Regulation
Foreign buyers to pay $3 mln over unlawful rural land purchases
By Paul McBeth July 5 (BusinessDesk) - Foreign buyers will end up in the red after agreeing to pay almost $3 million in penalties for purchasing rural land north of Auckland without Overseas Investment Office consent. The High Court yesterday ordered Chinese businessmen Zh...
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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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