Property

What's happening in real estate, commercial property and property investment
Photo / Mark Mitchell

Rise of the 30-year home loans

Thousands of Kiwis desperate to get on the property ladder are signing up to 30-year mortgages - but many are saddling themselves…

Kiwibank. Photo / Dean Purcell

KiwiBank lifts profit 3pc

Kiwibank, the state-owned lender, lifted annual profit 3 percent as it widened net interest margins, and is looking to start…

Fonterra cuts milk payout

Fonterra cuts milk payout

Fonterra has just announced a cut to its forecast farmer payout - from $5.30 a kg of milksolids - down from $6.00.

Wherescape shelves IPO plans

Data warehousing software provider Wherescape has shelved its plans to carry out a stock market listing, according to market…

The kiwi  was trading at 80.96 cents at 8am in Wellington, from 81.84 cents at 5pm yesterday. Photo / Getty

Dollar plunges to 7-month low

The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by…