
Sharemarket heads back up after slide
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
New Zealand shares rose yesterday, heading back towards a record high after a two-day slide.
First-home buyers struggling to get on the property ladder are turning to new builds, which fall outside the high loan-to-value-ratio restrictions.
The RMA Knights who say no have been a shadowy tribe until now and it's been hard to pin much damage to the economy on them, writes Bernard Hickey.
The number of skilled vacancies advertised online in New Zealand rose 1.1 per cent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled....
Residents will next month begin moving in to the new $250 million high-rise SugarTree apartment development between Nelson St and Union St.
A Court of Appeal win for a Christchurch company which dug up a carpark over a $300,000 payment reinforces the importance of clear communication in arrangements.
Housing crisis - what housing crisis? Drive around Auckland's outskirts and you'd be forgiven for thinking the home building sector was ahead of the game as thousands of new-builds come on....
The Commerce Commission says it found no evidence that Fletcher Building's Winstone Wallboards unit engaged in anti-competitive behaviour to protect its dominance in the market.
Bunnings, the hardware chain owned by Australian Wesfarmers, more than tripled annual profit in New Zealand, as a booming property market stoked demand for building products.
Auckland's first house-building factory is being planned for Pokeno and could produce components for two-and-a-half houses a day.
The $205 million development proposes to build 231 apartments on the carpark at the Alexandra Park stadium/raceway.
Auckland homeowners made wealthy by their latest Auckland Council valuations are borrowing to do up their houses.
A plan aimed at tackling Auckland's housing supply shortage has surpassed expectations in its first year, the Government and Auckland Mayor Len Brown say.
Andrew Rolfe, Fletcher Construction project manager, said a 16m hole on the corner of Halsey St and Gaunt St in the Wynyard Quarter had now been completed.
New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance. Xero fell as its first-half results showed a slower pace of growth.
West Auckland is about to get a boost, with a big landlord announcing a $36 million expansion and upgrade of New Lynn's shopping mall.
Labour's housing spokesman Phil Twyford has raised concerns about anti-competitive building industry practices after the world's second biggest wallboard maker said it was reviewing its structure in New Zealand.
Builder Shane Brealey is selling his 83.2 per cent stake in NZ Strong to Amalgamated Builders' executive chairman Chris Hunter.
October was a crazy month for financial markets.
Professional investors have questioned the value to Goodman Property Trust of Singapore's Government Investment Corporation's acquisition of a 49 per cent stake in Auckland's Viaduct Quarter.
Singapore's sovereign wealth fund has bought a half stake in some of Auckland's newest commercial buildings in the Viaduct Quarter.
Fletcher Construction's efforts here during World War II and its aftermath are detailed in a second huge volume about the business.
New residential dwelling consent data continues to be patchy, but overall, the sector is showing a strong recovery.
Warkworth's village character and market town charm is being put at risk by a big retail development aimed at luring motorists on SH1, say residents.
Fletcher Building has forecast an 11 per cent operating earnings uplift by as much as $66 million this financial year but some shareholders still expressed dissatisfaction at yesterday's AGM in Auckland.