August real estate market ‘idling’

Press Release – Real Estate Institute Of New Zealand

5,481 dwellings sold in August 2014, down 7.0% on July and down 16.3% on August 2013 National median price of $420,000, up $4,000 (+1.0%) on July and up $30,000 (+7.7%) on August 2013 Days to sell eased by one day to 38 days compared to July, … Read more »

NZ manufacturing picks up in August

Article – BusinessDesk

Sept. 12 (BusinessDesk) – New Zealand manufacturing activity picked up in August, extending the period of expansion to two years, and pointing to more industrial production after a mid-year lull. Read more »

Food prices rise 0.3 percent in August

Press Release – Statistics New Zealand

Food prices rose 0.3 percent in August 2014, Statistics New Zealand said today. This rise follows a 0.7 percent fall in July and a 1.4 percent rise in June. Read more »

New Auckland SHAs to deliver 8000 more homes

Press Release – New Zealand Government

12 September 2014 Media Statement New Auckland Special Housing Areas to deliver 8000 more homes Read more »

NZ dollar holds below 82 US cents following RBNZ review

Article – BusinessDesk

Sept. 12 (BusinessDesk) – The New Zealand dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold for longer and wouldn’t rise as much as previously thought. Read more »

Poll:NZ divided over Government investment in Auckland

Press Release – Fairfax Media

Media Release For Immediate Release New Zealand divided over Government investment in Auckland In the latest stuff.co.nz / Ipsos political poll we asked if Auckland’s voting power meant it cornered more than its fair share of Government funding. Unsurprisingly, … Read more »

Canterbury University to build world-first colour x-ray scan

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The University of Canterbury said it will build the worlds first human colour x-ray scanner, with the help of a six-year, $12 million, government grant announced today. Read more »

Northern Region property market analysis

Press Release – Harcourts

Please find attached full property market figures for the Northern Region for August 2014 from New Zealands largest real estate group Harcourts. Read more »

Outlook: lack of wage growth & unemployment above 5%

Press Release – Council of Trade Unions

The Reserve Banks forecasts show an economy that offers little hope of fair wage increases and falls in unemployment to pre-GFC levels under current policies, says CTU Economist, Bill Rosenberg. It says wage growth is subdued and held … Read more »

Economic analysis of runway extension is a positive first step

Press Release – Greater Wellington Regional Council

Regional Council Chair Fran Wilde has welcomed the economic analysis of an airport runway extension as a significant step in the debate about the proposed project. Read more »

Rackstuds chosen as a finalist in the NZ Innovators Awards

Press Release – Rack Studs Ltd

Auckland based Rack Studs Ltd is pleased to be nominated as a finalist in two categories; Innovation in Design & Engineering and Emerging New Zealand Innovator. Read more »

Innovative Rotorua tourism partnership programme launched

Press Release – Rotorua District Council

An extra $700,000 to $800,000 a year is to be injected into promoting Rotorua and driving changes in perception and appeal for the destination, as a result of a new visitor industry initiative. Read more »

RBNZ right to hold OCR – 11 September

Press Release – Manufacturers and Exporters Association

The Reserve Bank of New Zealand (RBNZ) announced today the OCR would remain unchanged at 3.5%. This will be welcomed by manufacturers and exporters, as an increase at this point would add further upwards pressure to our persistently overvalued currency, … Read more »

National launches Primary Industries policy

Press Release – New Zealand National Party

Nationals Primary Industries policy released today has a strong focus on creating jobs and driving the New Zealand economy forward, says spokesman Nathan Guy. National has set an ambitious goal of doubling the value of our primary sector exports by … Read more »

Reserve Bank says migration impact on housing ‘muted’ so far

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The Reserve Bank is keenly watching the impact New Zealand’s decade-high net migration inflow is having on the housing market, which it says hasn’t pushed up property prices as aggressively as in the past. Read more »

Kiwi dollar strength still ‘unjustified and unsustainable’

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The New Zealand’s dollar persistent strength is still “unjustified and unsustainable” after a slump in commodity prices this year, though it should come down as the US Federal Reserve moves away from running a zero interest rate … Read more »

Higher interest rates, loan curbs rein in house prices: RBNZ

Article – BusinessDesk

Sept. 11 (BusinessDesk) – The Reserve Bank’s moves to hike interest rates and impose restrictions on low-equity home loans has helped slow the pace of house price increases, the central bank says. Read more »

RBNZ keeps OCR at 3.5%, signals slower pace of future hikes

Article – BusinessDesk

Sept. 11 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar … Read more »

Property Council welcomes Inquiry into land supply

Press Release – Property Council Of New Zealand

Property Council welcomes the scope of the Productivity Commissions new inquiry into the supply and development capacity of land for housing. Read more »

Business growth now widespread in the regions – survey

Press Release – The Agency Communications

SMES SEEING THE HIGHEST GROWTH LEVELS IN FIVE YEARS Growth now spreading to the regions Read more »

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