House sales fall by over 20 per cent video

In Auckland, sales were down, but the region’s median price was up 25.9 per cent annually to $1.2 million.

6 min ago  Sales activity has dropped off in the housing market as headwinds gather, but prices remain at record highs, the Real Estate Institute says.

Corrosion found in engines of hibernating Air NZ Boeing 777-300ERs video

17012022 NEWS PHOTO: JOHN ANTHONY Air New Zealand 777 hibernating at Auckland Airport.

Auckland's humid climate has not been kind to what were once the most powerful jet engines in aviaiton history.

Households give tips on fighting inflation video

Independent economist Tony Alexander has gathered inflation-beating lifestyle tips from his 25,000 newsletter subscribers.

Independent economist Tony Alexander gathers householders' tips for rolling back rampant inflation.

Kiwis literally freezing credit cards to curb urge to splurge

More than half of those surveyed by financial research and comparison site Finder were taking action to manage credit ...

New Zealanders are taking drastic measures to limit credit card spending.

Inflation, Covid, interest rates - what economists got wrong in 2021

At the start of 2021, few forecasters predicted the strength of annual inflation, says ASB economist Nathaniel Keall.

Economists were taken by surprise last year by how strong inflation was, how well the economy withstood Covid, and Reserve Bank interest rate hikes.

more top stories

The ‘loyalty ladder’ and how to move people up it

Most of the people your business deals with will be on one of the five steps on the loyalty ladder.

OPINION: Most people your business deals with will be on one of the five steps on the loyalty ladder, but some are more valuable than others.

A new breed of Friday drinks

AF Drinks is not just a product, but a world where it’s ok to make your own decisions and to do that with confidence

SPONSORED: Craving a break from the booze, but don’t feel able to say no?

Construction ‘reset’ needed to help housing market in 2022 video

House prices surged and the public housing waitlist ballooned in 2021

House prices surged and the public housing waitlist ballooned in 2021. Record construction demand is set to continue this year.

The suburbs with median values under $300,000 video

Reefton on the West Coast is one of eight suburbs nationwide that has a median value of under $300,000.

Only eight suburbs nationwide have a median value under $300,000, while only 108 have a median below $500,000, new analysis shows.

Cable repair ship to set sail from PNG to restore communications to Tonga video

Waves crash into homes after a volcano errupts in Tonga.

Subsea cable cut in two places and conditions for repair will need to be 'assessed thoroughly' because of volcanic activity.

Weakness in China's economy despite growth of 8.1 per cent in 2021

A worker in protective overalls near containers on a ship in Qingdao in east China's Shandong province, in November 2021.

An abrupt slump in China's economy at the end of the year sets the tone for what will come in 2022, forecasters say.

S&P/NZX50 turns positive

January tends to be a quiet month on the sharemarket ahead of the financial reporting season in February.

The sharemarket eked out a small gain in quiet trading.

Fuel firms set to be required to store more petrol in NZ after refinery closes video

Construction on four-tank, 32 million litre bulk fuel storage tanks at the Timaru Oil-owned terminal in Timaru on Fraser ...

Ministry believes fuel majors should foot bill for maintaining minimum stocks of petrol and diesel in case of crisis.

10,000 new workers a year needed to fill labour gap in Canterbury, study finds video

WorkSafe data puts the number of work-related deaths in the year to August at 65, of which 13 were in the construction ...

Researcher Dr David Dyason said it could be "potentially disastrous" for Canterbury's labour market if New Zealand's borders remain closed in the long-run.

Lifting worker confidence critical to NZ’s success video

The message about the last 12 months is clear – people’s work-lives are the worst they’ve been in four years. (File photo)

OPINION: The message from the last 12 months is clear – people’s work-lives are the worst they’ve been in four years. That’s bad news for everyone.

money

What's really happened to home loans? video

Is eating too many takeaways likely to derail your application?

New rules have turned the mortgage market on its head. But what's actually happened, and have the banks gone too far?

Bare bank accounts, secret sons and brass pigs – the wills of famous Kiwis video

Wills are a window on who and what people value. So what do the last wishes of famous Kiwis tell us?

We need knowledge to tackle unfairness in our tax system

Mortgage demand drop 'threatens prices' video

prosper

How to successfully launch an online course

Rachel Klaver: For a few, launching an online course has been tremendously successful but for far more, their course, ...

OPINION: Creating a course can feel like a natural way to generate passive income, but there are some important things to consider to succeed.

Enduring powers of attorney: a useful tool if you’re prepared video

The Banking Ombudsman Scheme often receives complaints about family members trying to take advantage of elderly relatives.

OPINION: Talking to your bank early, ideally when you set up a power of attorney, can prevent future difficulties with access to your accounts.

What I've Learned: No one can do what you do

Susan Vick, founder of baby food company Gourmet Baby, started her business to give parents a locally made introduction ...

Susan Vick, founder of baby food company Gourmet Baby started her business to give parents another option.

Young Invercargill entrepreneur starts business from bedroom

Southern Sewing owner Ella McEwan-Franks, 12, taught herself how to use a sewing machine in March 2020. She is now ...

At 12-years-old, Invercargill entrepreneur Ella McEwan-Franks hopes to make her first million by the age of 20, and with a website launch and stock being picked up by local retailers, she’s confident she can make it.

better business

Wages increase to record high as job pressure mounts

Workers are in the driver seat to ask for a raise in this hot job market, Olsen said.

Rising wages and new hiring is being compounded by a job market under immense pressure, says Infometrics principle economist Brad Olsen.

Got $100 (or less) to invest? Here’s how

25112021LAWRENCE SMITH/STUFF NZ LTD
Simran Kaur(L) and best friend Sonya Gupthan have started a financial podcast aimed ...

Simran Kaur​, of Girls That Invest, says while it’s easier than ever to invest, there are a few steps investors should take before putting their money in the share market.

The rise of performative work

Meetings, the office’s answer to the theatre, have proliferated.

OPINION: It’s not what you do. It’s how ostentatiously you do it.

Govt to invest $200,000 in drought forecasting technology video

13032020 NEWS PHOTO MARTIN DE RUYTER / NELSON MAIL

Sheep and Beef farmer Colin Gibbs with his dog Maggie on the Gibbs ...

A new Government tool will aim to predict droughts up to six months before they occur.

property

O'Donnell: Block 'on budget', scope bigger, contingency needed

Precast concrete columns being erected for the car park building in Invercargill’s city block development. [File photo].

A key reason behind the move to draw in a further $15m funds for Invercargil's major city block development is to increase the scope of project and provide contingency, a director says.

Five game-changing building innovations video

The DreamSpace virtual, 360-degree “immersion lab” with 3D renders, drone footage, and surround sound.

The push to boost housing supply continues and with that has come a growing number of technological innovations set to shake-up the industry.

Housing or green space? Tauranga debates future of reserve land video

The Crown-owned reserve land, roughly the size of 100 rugby fields, is leased by Tauranga Racing Club and Tauranga Golf Club.

Lines are being drawn in the dirt over a large block of Crown reserve land, with several community groups strongly opposed to using it for housing.

Cost increase for city block, bank loan shortfall video

The 86th of 89 precast concrete columns being erected for the car park building in Invercargill Central’s now $180m city ...

The Invercargill City Council is proposing to stump up with a $22.75m short-term loan, as well as a further $7.5m investment, for the major city block development.

opinion & analysis

Lifting worker confidence critical to NZ’s success video

The message about the last 12 months is clear – people’s work-lives are the worst they’ve been in four years. (File photo)

OPINION: The message from the last 12 months is clear – people’s work-lives are the worst they’ve been in four years. That’s bad news for everyone.

Asia elections in 2022 to have flow-on effects in NZ

Simon Draper: “I had planned to make this article a ‘year in review’, but as I looked back on 2021, it seemed a bit of a ...

OPINION: If 2022 is the year when Covid will be felt at the ballot box, it will be felt in the economy too.

How $100 a month can transform your life

Depositing $100/month into a solid investment will likely deliver a lot of upside over 30 years when you consider ...

OPINION: Patience and commitment are the keys to growing a healthy investment balance that gives you choices and freedom later.

What does ‘academic freedom’ mean in practice? video

High profile academics and Covid-19 commentators Shaun Hendy and Siouxsie Wiles have said harassment towards them is ...

OPINION: The case taken by Siouxsie Wiles and Shaun Hendy against their university goes to the heart of what it means to be a ‘critic and conscience of society’.

nz farmer

Labour shortage plagues growers

Those in the horticulture and viticulture sector face another difficult picking season with ongoing labour shortages. ...

Workers shortages in horticulture and viticulture are taking a toll on growers' mental health, industry leaders say.

97pc of viruses in NZ river new to science: study

The Manawatū River catchment harbours hundreds of viruses new to science.

Only a tiny fraction of the "virosphere" is known, researchers say.

Call for inquiry into MPI after failed prosecution

The Ministry for Primary Industries prosecuted Cando Fishing and director Campbell McManaway, but a judge dismissed the ...

An environmental consultant says an official inquiry needs to be done into the Ministry for Primary Industries failed case against a Southland kina fisherman.

Two good moves paying off

The Gerritsen's farm business is all about the big picture, showing how good dairying is in New Zealand on a typical ...

SPONSORED: The family farm business that's expanding - with a plan in place to keep progressing.

green business

Silver Fern Farms to launch carbon-zero beef video

Silver Fern Farms chief executive Simon Limmer says farmers will be rewarded with premium payments for supplying ...

Silver Fern Farms chief executive Simon Limmer says the company plans to expand its carbon-zero offering beyond beef to also include lamb and venison.

Auckland start-up raises $900,000 to help grow its climate-friendly tech

Georgina Fenwicke is co-founder and chief executive of industrial property software company Frankie.

A company that launched weeks before the 2020 Covid-19 lockdown is looking to take its property maintenance software overseas.

Lifting the lid on responsible investing

If the finance sector doesn't change the types of projects and companies that are getting funding then the world’s ...

OPINION: If the finance sector doesn't change the types of projects and companies that are getting funding then the world’s ability to address urgent environmental challenges will take a huge hit.

Why protecting nature is no longer just for green groups video

Protecting nature and biodiversity has long been seen as the remit of environmentalists – nice to have, but less ...

OPINION: A significant theme emerged quietly from the Glasgow COP26 meeting that has signalled a new front in tackling climate change.

world

Weakness in China's economy despite growth of 8.1 per cent in 2021

A worker in protective overalls near containers on a ship in Qingdao in east China's Shandong province, in November 2021.

An abrupt slump in China's economy at the end of the year sets the tone for what will come in 2022, forecasters say.

Tesla inks deal to get key battery component outside China

Elon Musk’s company signed an agreement last month with Australia’s Syrah Resources, which operates one of the world’s ...

Tesla is turning to an Australian company for a key component in its batteries in a deal designed to reduce its dependence on China for graphite.

She's back! Anxiety-inducing advert includes A380 flyby video

Stuntwoman Nicole Smith-Ludvik returns to the very top of the Burj Khalifa.

Stuntwoman Nicole Smith-Ludvik returns to the very top of the world's tallest building to promote the Dubai Expo.

Shkreli ordered to return $94m, barred from drug industry for life

Martin Shkreli speaks on Capitol Hill in Washington in 2016, during a hearing on his former company's decision to raise ...

The provocative, imprisoned ex-CEO must return profits he and his former company reaped from jacking up the price and monopolising the market for a lifesaving drug.

Advertisement
special offers