Property
Explore the latest property news by BusinessDesk.
Policy
OceanaGold less confident in regulatory regime
By Gavin Evans May 23 (BusinessDesk) - OceanaGold says the surprise rejection of a land purchase for a new tailings facility has reduced its confidence in this country’s regulatory settings. The rejection of its planned 178-hectare purchase – due to a split decision between...
Argosy annual profit climbs 36% on revaluation gains, pays slightly bigger dividend
By Paul McBeth May 23 (BusinessDesk) - Argosy Property lifted annual profit 36 percent as it benefited from a sharp increase in the value of its property portfolio, and paid a slightly bigger dividend than expected. Net profit rose to $133.7 million in the 12 months ended...
Finance
Loan-to-value restrictions effective but have some drawbacks - RBNZ
By Rebecca Howard May 22 (BusinessDesk) - New Zealand's loan-to-value ratio restrictions have been effective in improving financial stability but the policy comes with drawbacks, says the Reserve Bank after a detailed review. “By improving the resilience of both households...
Finance
Westpac sees rekindled house price inflation of 7%
By Jenny Ruth May 22 (BusinessDesk) - Westpac is expecting house price inflation to take off again thanks to the government’s decision to scrap plans for a capital gains tax and falling mortgage rates. That puts paid to another cut in the official cash rate. Chief econom...
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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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