Tens of thousands of New Zealanders are finding they can't pay their bills and going into arrears, then finding their credit record was affected, credit bureau Veda Advantage says.

REINZ is blaming spring weather, the Canterbury quake and uncertainty over the increase in GST and tax cuts for a new low in house sales.

Hundreds of thousands of households have been charged the higher rate of GST for goods supplied before the GST rise took place.

A fees fight has broken out between the Govt's real estate agent organisation and the Real Estate Institute.

Lyn Provost is to review the Crown's Retail Deposit Guarantee Scheme which ended earlier this week having paid out $1.85bn.

Fairfax Media has been issued a formal warning by the Commerce Commission after it claimed the GST rate hike was behind its Dominion Post cover price increase.

Tower's move to bid for Fidelity Life Assurance without securing support from Fidelity's major shareholders has left some wondering whether it has some underlying plan which has yet to be revealed.

Property values across NZ have fallen 1.4pc since March, with big city valuers reporting a lack of well presented, quality properties on the market.

Without even a goodbye another KiwiSaver scheme has slipped over the side into oblivion.