ASB lifts interest rates - first bank to move
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.
New Zealand's housing market is running out of puff.
House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.
Fears of a mass investor exodus from the property market as a result of Budget tax changes have failed to materialise, but many landlords are ready to put up rents.
Allied Farmers says it has has conditional agreement to sell the second stage of the Five Mile property development in Queenstown.
The tropical playground-style Parnell mansion of wealthy Hanover co-founder Mark Hotchin is said to have sold for about $4 million.
The Auckland bed and breakfast that quoted a Yorkshire woman NZ$1600 a night for a room during the Rugby World Cup is being put up for sale.
The average asking price for new listings fell 3.6 per cent to $407,349 during May, latest figures show.