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!['Perfect storm' for sales drop](/pf/resources/images/placeholders/placeholder_l.png?d=793)
'Perfect storm' for sales drop
A perfect storm of interest rate hikes, lending restrictions and inclement weather is being blamed for a slump in house sales.
![Trade Me jobs up across NZ](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Trade Me jobs up across NZ
The country is enjoying high job growth, which is encouraging people to stay here rather than pack up for Australia, Trade Me says.
![Fonterra milk collection up 10pc](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Fonterra milk collection up 10pc
Fonterra said milk collection across New Zealand for the month of June reached 9 million kg of milksolids, 10.1 per cent higher than the same month last year.
![Editorial: Consult with iwi](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Editorial: Consult with iwi
The fate of the wreckage of the Rena should be a straightforward enough matter. But the final chapter in the saga of the fully-laden container ship is proving anything but.
![Auckland's $369 a day house price rise](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Auckland's $369 a day house price rise
Auckland house sales data for June is out, showing a slight decline in sales volumes but average sale prices up $11,088 - that's a daily price rise of $369.60.
![Commodity price index takes fourth hit](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Commodity price index takes fourth hit
June provided further evidence that the terms of trade is headed south, albeit from the most favourable levels in 40 years.
![Goodman Fielder board agrees to takeover offer](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Goodman Fielder board agrees to takeover offer
Goodman Fielder's directors have given support to a reduced takeover proposal but approval from the majority of shareholders is still needed.
![Iwi tops $1b in assets](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Iwi tops $1b in assets
Interest income on big cash holdings, hotel and milk business deals and rising values of investment properties helped push Waikato-Tainui's asset base up.
![Argentina at brink of default](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Argentina at brink of default
Argentina is poised to miss a bond payment today, putting the country on the brink of its second default in 13 years.
![World dairy prices plunge overnight](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World dairy prices plunge overnight
Dairy product prices fell to the lowest level since January 2013 in the latest GlobalDairyTrade auction, paced by a drop in butter and anhydrous milk fat.