Aucklanders will get an early taste of a $120 million waterfront development on Wednesday when a new bridge linking the Viaduct Harbour to Wynyard Quarter opens.

They're suburbs within suburbs and they're popping up all over Auckland.

The actual physical rebuild of Christchurch won't be complex but will remain frustratingly on hold until the aftershocks come to an end, says Fletcher Building CEO Jonathan Ling.

Glass maker Metro GlassTech is the latest heavily indebted overseas private equity owned business to get into strife with its bankers, says one report.

The number of new homes approved in April has fallen 32pc from a year earlier, but the rate of decline is easing, says Statistics NZ.

The building industry is in crisis.