Palmerston North stories
A glut of listings and high borrowing costs are keeping prices flat, with Auckland edging lower and buyers enjoying more choice.
New Zealand home-build prices are still climbing, but only 0.3% this quarter as supply-chain pressures ease and labour shortages moderate.
New Zealand’s housing recovery gathered pace last quarter, with national average prices up 2% and only Invercargill recording a fall.
Rail freight between New Zealand's islands faces fresh strain after the Government scrapped the Interisland Project IREX, alarming exporters and ports.
Spark and Lynk have begun a NZ project for a network of satellite-connected cell towers, aiming to maintain connectivity during crises.
A missing emergency stop and poor cleaning procedures left a worker without an arm, prompting a GBP £297,000 fine for Dunlop Drymix.
Home values are edging higher as first-home buyers and tighter supply lift activity in several centres, despite wider uncertainty.
Recent deaths and serious incidents show many workplaces still lack proper planning, risk assessments and emergency preparedness.
National home values have edged up 0.5% this quarter, but most cities are still below year-ago levels as demand stays patchy.
Passengers could see little benefit from the refurbished Capital Connection fleet, which is expected to be idle most of the time without new services.
Values are still falling in several centres, but slower declines and firmer migration are hinting the market may be nearing bottom.
New Zealand home values fell for a 10th straight month in January, leaving prices 7.2% below a year ago and raising further downside risks.
Verified camera data shows 125 fatigue sleep events a day on New Zealand roads, with truck and car drivers nodding off more often.
The pace of homebuilding inflation is slowing, though costs in New Zealand’s main centres still rose 11.3% over the past year.
Mortgage holders may welcome easing nationwide declines, but Wellington is still leading the slump, with Porirua posting the steepest falls.
Further official rate rises are likely to keep mortgage costs high and delay any rebound in New Zealand’s housing market.
Spark Business Group appoints Tony Agar as Group Sales Regional Lead for Northern region, with Michele Wong replacing him as IoT Lead.
Desirable school zones are propping up prices and fuelling buyer demand as families hunt for homes with stronger future resale prospects.
Higher mortgage costs and tighter lending are set to keep house prices under pressure, with June marking a third straight monthly fall.
Fujifilm Business Innovation New Zealand selects Central Business Innovation as its first official Growth Partner.