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Property
March house sales a warning of things to come
Home sales during March foreshadow the larger shock to come in the housing market as a result of the covid-19 shut down, with sales down 5 percent on the comparable numbers for March 2019. On a seasonally adjusted basis, month on month sales were 14 percent lower - largely attrib...
Property
Govt to forego billions in tax for firms facing covid losses
Previously profitable companies that face losses because of the covid-19 pandemic will be allowed to claim forecast losses against previously declared profits in a move the government expects will cost between $1.2 billion and $1.9 billion a year during the next two years.Also in...
Property
Processors push wooden construction as part of covid-19 recovery
Making wooden construction a priority in government and public buildings will reduce long-term emissions, boost national income and encourage development of a bigger domestic processing industry, forestry advocates say.Processors are urging the government to implement a national...
Property
Appetite for business, mortgage holiday schemes fades
Many firms aren't making use of the business finance guarantee scheme once they realise the government's guarantee of 80 percent of the loan is given to the bank, not the borrower, who still has the same obligation to repay.Similarly, individuals interested in taking mort...
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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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