House prices $300,000 above what NZers think affordable

Press Release – Horizonpoll

On average New Zealanders think an affordable home price would be $375,200. This is $300,480 below Quotable Values national average house price, for the three months ending June 30, 2018. Read more »

Wgtn business confidence drops back to pre-Christmas levels

Press Release – Wellington Chamber Of Commerce

Confidence among Wellington region businesses has retreated to pre-Christmas levels, according to the latest Wellington Chamber of Commerce Business Confidence Survey. Read more »

Taranaki needs oil and gas, not an ‘economy manager’

Press Release – New Zealand Taxpayers’ Union

No amount of communist-style economic planning will undo the damage of the oil and gas ban, says Taxpayers Union spokesman Louis Houlbrooke. The Government wants to shield Taranakis economy by appointing a $600,000-dollar transitional … Read more »

New labour law settings will stoke inflation

Article – BusinessDesk

July 12 (BusinessDesk) – Hikes to New Zealand’s minimum wage and a move towards collective bargaining will accelerate the pace of pay rises over the next five years and spur inflation, ASB Bank economists say. Read more »

NZers’ confidence in markets remains relatively upbeat

Article – BusinessDesk

July 12 (BusinessDesk) – New Zealanders’ confidence in the country’s financial markets dipped a touch but stayed relatively upbeat in an increasingly uncertain and volatile environment, with people largely comfortable about the stability of markets and the … Read more »

NZ food prices rise 0.2% in June

Article – BusinessDesk

July 12 (BusinessDesk) – New Zealand food prices rose in June, led by higher costs for takeover foods and restaurant meals following an increase in the minimum wage. Read more »

Funding for Taranaki hydrogen infrastructure

Press Release – New Zealand Government

Acting Prime Minister, Rt Hon Winston Peters, has announced a Provincial Growth Fund investment to help develop hydrogen fuel infrastructure in Taranaki. Read more »

Quakes compound drought stresses in Hurunui

Press Release – All Right

Quakes compound drought stresses in Hurunui All Right? media release, 10 July 2018 New research shows Hurunuis earthquakes have exacerbated the stresses being faced by a community already struggling with the impact of three years of drought. In April … Read more »

Tractor sales up across all sectors

Press Release – Tractor and Machinery Association

Sales of tractors are up more than 25% on this time last year and all sectors are showing buoyancy, says new NZ Tractor and Machinery Association (TAMA) president, John Tulloch. Read more »

Debt growth equal to cost of Canterbury quakes

Press Release – New Zealand National Party

The Governments borrow, tax and spend attitude means they will be increasing public debt by the equivalent of the cost to the previous Government of the Christchurch earthquakes, Opposition Leader Simon Bridges says. Read more »

BNZ sees downside risk to kiwi

Article – BusinessDesk

July 5 (BusinessDesk) – Global risks coupled with domestic forces are weighing on the New Zealand dollar and Bank of New Zealand says its fair value estimate of 70 US cents faces downside risks that could push it even lower. Read more »

KiwiLottery latest confirmation KiwiBuild’s a mess

Press Release – New Zealand National Party

KiwiBuild could see a small number of wealthy New Zealanders become even wealthier at the expense of New Zealanders on the average wage through being allowed to buy Government subsidised KiwBuild houses that probably would have been built by the … Read more »

Financial Statements of the Government

Press Release – The Treasury

Financial Statements of the Government of New Zealand for the eleven months ended 31 May 2018 Read more »

Government accounts show surplus, net debt on track

Press Release – New Zealand Government

The latest Government financial statements show the books remain in a good position, with a strong surplus indicating that revenue and expenses are tracking in line with the Treasurys Budget forecasts, Finance Minister Grant Robertson says. Read more »

New Zealand First Welcomes Latest IMF Review

Press Release – New Zealand First Party

New Zealand First Deputy Leader and Associate Spokesperson for Finance Fletcher Tabuteau welcomes the International Monetary Funds latest annual review of the New Zealand economy, announced today by Finance Minister Grant Robertson. Read more »

Shrinking profitability in business surveys sounds warning

Article – BusinessDesk

July 4 (BusinessDesk) – Storm clouds may be gathering for the upcoming corporate earnings season as business confidence hits a seven-year low and almost a third of companies said profits shrank in the June quarter. Read more »

NZ has scope to accelerate infrastructure spending

Article – BusinessDesk

July 4 (BusinessDesk) – New Zealand’s government has a strong enough balance sheet to close the nation’s infrastructure deficit sooner, which the International Monetary Fund says would generate long-term economic gains. Read more »

NZ commodity prices fall 1% in June

Article – BusinessDesk

July 4 (BusinessDesk) – New Zealand commodity prices fell in June, weighed by whole milk powder and beef prices but while the shine has come off New Zealand’s goods terms of trade recently, they remain elevated by historical standards, said ANZ Bank … Read more »

Auckland median house price slips to $810,000 in June

Article – BusinessDesk

July 4 (BusinessDesk) – Auckland’s residential property market slowed in June, with fewer new listings and a slip in the median price, according to the city’s largest realtor. Read more »

Record Growth in Angel And Crowdfunding Investment

Press Release – Technology Investment Network

Wellington Tech Companies Are Benefiting From Record Growth in Angel And Crowdfunding Investment, According to TIN Analysis Read more »

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