The move comes as weaker commodity prices weigh more heavily on the Australian economy.
The duo will take 100 per cent ownership of the Australian retirement village operator for A$640 million.
A Christchurch real estate agent is offering an alternative to sellers fed up with paying percentage commission.
If it was Friday night and he had been good, Derek Drummond used to race his brother to their local fish and chip shop for their weekly treat.
Kiwis opted to splash out at restaurants and liquor stores on Boxing Day.
Times are changing and a feed of fish and chips is falling victim to franchised fast food.
Delays expected after Lyttelton's container terminal shuts overnight due to understaffing.
A lobby group for people living in retirement villages plans to challenge the industry to bring about fairer deals for residents.
Anti-mining group to spend the festive season preparing to take a council and and gold mine to court.
Technical fault thwarts shoppers eager to get an early online Boxing Day bargain from The Warehouse.
New Zealand is in the grip of Boxing Day madness with reports of fainting in stores and overcrowding at the malls.
Spark may go to Commerce Commission after Vodafone dug its heels in over its 4G advertising.
Auckland tech start-up offering travellers free car hire and a tank of fuel is revving up the US car rental industry.
Silver Fern Farms has turned around two forgettable years after repaying $99 million in debt.
The Financial Markets Authority expects to reach a settlement with ASB over its future sale of interest rate swaps.
Mackenzie salmon farmers are discharging waste that can smother waterways, ECan says.
The amphibious vehicle maker was censured for not having enough independent directors.
Union says 510 workers are striking, bank says only 110 are taking action.
Major meat processor Silver Fern Farms has turned around two forgettable years.
Commerce Commission to look into competition implications of Spark, Vodafone and Telstra’s subsea cable.
Does Spark now have NZ's largest 4G network? They think they might, and want Vodafone to stop claiming otherwise.
Bank pays $3.2m to settle withCommerce Commission over allegations it missold interest rate swaps to farmers.
The slump in dairy prices is flowing through to export figures with a vengeance.
IAG has raised its Canterbury earthquakes bill by up to $1 billion, as it receives more over $100,000 cap claims.
New mortgage lending figures add to an increasingly grim picture for first-home buyers, an economist says.
Smaller wineries are getting back into profit this year, but only just, and it is the big players who are making the most money in the industry.
New Zealand's largest insurer raises Canterbury claims costs up to around $4b.
Newly sold site near Government House rumoured to be the site for a Chinese embassy compound.
Peter Fa'afiu has gone from "the hood to the boardroom" in a few short years.
Lyttelton Port of Christchurch's bid to stop port workers withdrawing labour dismissed by Employment Court.