Failed major developments in New Zealand are piling up, like the Soho Square project in Ponsonby which is now mocked as 'Sohole'.

Baby Boomer lifestyles 'are coming home to roost' as defaults on credit payments rise, a credit information provider says.

Councils are staring at an estimated $6 billion legal bill to fix the country's leaky homes - with the crushing debt falling on ratepayers.

The way Securities Commission chief executive Jane Diplock sees it, New Zealand's investor protection was way behind the rest of the world when she arrived. Since then, she says, there has been significant progress, but we are not there yet