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Property
NZ dollar climbs a little on poor Australian housing data
By Jenny Ruth May 3 (BusinessDesk) - The New Zealand dollar firmed slightly after further bad news about Australia’s housing market but ended down on the week as investors bet on the chance of a rate cut. The kiwi was trading at 66.22 US cents at 5pm in Wellington from 66.1...
Property
CORRECT: Overseas buyers missing in action, building consents dip in March
(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took ho...
Property
Auckland house sales dip as Easter holiday saps activity in April
By Paul McBeth May 2 (BusinessDesk) - Auckland realtor Barfoot & Thompson says activity slowed last month in the country's biggest city due to the Easter and Anzac Day holidays, although sale prices were largely flat. The city's biggest realtor sold 667 properties in April...
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