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First home share of new loans jumps to record 20%
First home buyers committed to $1.1 billion in home loans last month, which at a fifth of all new mortgages was their highest share of new loans since the Reserve Bank started keeping track in 2013.That is up from 18.5 percent in May and 17 percent last June, on the back of rock...
Herd migration starts into NZ's tallest office building
Businesses forced to extend their current lease arrangements in the wake of construction delays at Auckland’s new PwC Tower at Commercial Bay will start migrating into the 39-level marquee office development this week. Monday is moving day for anchor tenant PwC - whose 900 sta...
Policy
Auckland, Queenstown first out of blocks in govt housing scheme
Auckland and Queenstown are the first centres out of the blocks where locals will be able to access a government scheme aimed at helping people into property ownership. Housing Minister Megan Woods today announced the first two providers - Housing Foundation in Auckland and Qu...
Finance
ANZ cuts deal in long-running farm swaps case
ANZ Bank New Zealand cut a deal with a Taranaki farming family willing to pursue it through the courts over the way it sold interest rates swaps. Sharon and Stephen Coomey and their Bushline family trusts sought compensation from ANZ, claiming the bank misrepresented the effec...
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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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