Immigration stories
Higher costs now are prompting borrowers to favour one-year deals, even as CoreLogic says that bets on lower mortgage rates are building.
A glut of listings and high borrowing costs are keeping prices flat, with Auckland edging lower and buyers enjoying more choice.
Record demand for New Zealand government bonds suggests ministers could borrow cheaply to tackle a $100 billion infrastructure gap.
New Zealand’s housing recovery gathered pace last quarter, with national average prices up 2% and only Invercargill recording a fall.
Lower interest rates and firmer buyer-seller pricing are expected to lift commercial property sales after a weak 2022-23.
In contrast to the global outlook, New Zealanders are more optimistic about the future economic climate, according to the latest Global Predictions Survey.
New data show annual rent growth hit 6.1% in October, as tight supply and strong migration keep pressure on tenants.
Buyer activity has lifted sales and listings, with prices broadly steady and homes taking fewer days to sell across New Zealand.
A weaker New Zealand dollar is helping lure North American buyers, with one investor already eyeing NZD $50 million for local businesses.
Home values are edging higher as first-home buyers and tighter supply lift activity in several centres, despite wider uncertainty.
Desperate tenants are now offering above asking rents as migration and storm damage squeeze Auckland's inner-city housing supply.
New building consents are set to fall to their lowest since the Global Financial Crisis as higher rates, costs and tighter lending squeeze projects.
In civil construction, the concept hinges on system boundaries, with finite resources, waste and carbon shaping whether projects can endure.
Property investors may see yields stabilise soon, as the Reserve Bank of New Zealand signals its Official Cash Rate has peaked and cuts loom.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
Signs of a floor are emerging as mortgage rates stabilise and sales improve, though values have still fallen 10.5% over the past year.
Entrust's Seamless Travel Experience Survey reveals 94% of Australian frequent flyers favour biometric solutions for reducing airport wait times.
ZORRZ partners with SaaScada to launch BlueAccess, a credit card promoting financial inclusion for immigrants, refugees, and those with poor credit history.
Optic Security Group strengthens its presence in Western Australia with a new Perth office and the promotion of industry veteran Patrick Hill to Operations Manager.
Skilled ICT migrants are closing Australia's tech industry gap with 90% securing jobs, particularly benefiting regional areas, according to a new Australian Computer Society report.