Property
Explore the latest property news by BusinessDesk.
Property values outside Auckland reach record high
By Victoria Young Aug. 13 (BusinessDesk) - Property values outside Auckland have reached a record high, the Real Estate Institute of New Zealand's (REINZ) latest House Price Index shows. The index - which measures changing values of property in the market - rose to 2,761 in...
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Infrastructure
Summerset Group's total assets jump 24% to $3b, 1H net profit eases slightly
By Rebecca Howard Aug. 13 (BusinessDesk) - Summerset Group reported a slightly lower first half net profit as valuation gains for the retirement village operator and developer continued to ease but its total assets jumped to more than $3 billion. Underlying earnings, which...
Finance
Owner-occupier debt-to-income ratios trending down
By Jenny Ruth Aug. 12 (BusinessDesk) - The number of mortgage borrowers with debt-to-income ratios greater than five has fallen to 31 percent in June from 37 percent two years earlier, according to new data the Reserve Bank is collecting. A slightly higher percentage, 33 pe...
Auckland house price slide continues
By Jenny Ruth Aug. 7 (BusinessDesk) - Falling house prices in Auckland continue to keep a lid on national house price inflation although some regions are still posting double-digit price increases. Prices across the Auckland region were down 2.6 percent in July on average c...
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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