Palmerston North stories
Tighter credit and more listings are likely to keep house price gains easing as annual growth slips for the first time since August 2020.
The rollout begins in Auckland hospitals and for travellers, as ministers face criticism for delaying quicker Covid detection by over a year.
Lockdown has not cooled demand, with New Zealand house prices hitting another record as spring listings are delayed and buyers stay active.
Westland is the country's most affordable area, with house prices at just 3.2 times income and rent and deposits well below national norms.
Affordability pressures are starting to bite, with Hamilton and Rotorua both posting quarterly falls after a rapid run-up in values.
Record prices are still climbing, but a drop in sales and inventories suggests winter may not be the only reason for the slowdown.
The franchise's headquarters will move to Manawatu after Tim Kearins bought Derryn Mayne's 25% stake in Century 21 New Zealand.
A logging operator has been fined NZD $12,000 after blocking inspectors from a Wairarapa site and missing a required WorkSafe interview.
Values are already falling in Gisborne, New Plymouth and Napier as nationwide house-price growth cools and rate rises loom.
Cheaper provincial suburbs have driven New Zealand's property boom, with Manunui up 51.8% and Hargest selling in just six days.
The funding will create hundreds of jobs and lift freight reliability as ageing locomotives and wagons are replaced nationwide.
Government help may be needed as first-time purchasers’ share of the market falls to its lowest level since 2018, CoreLogic says.
The closure delayed freight for nearly 24 hours after a truck struck a Taihape rail bridge, with 11 trains cancelled and costs to be recovered.
Sales surged 14.6% year on year in February as buyers rushed to secure homes before loan-to-value restrictions returned in March.
New Zealand’s housing market remained brisk in January despite a modest month-on-month price fall, with sales and auctions both at multi-year highs.
Additional public and transitional homes will be targeted at regional centres where demand has surged ahead of supply, worsening rents and overcrowding.
A Manawatu dairy farmer has been ordered to pay a fine after repeatedly blocking inspectors, despite WorkSafe's warning that cooperation is mandatory.
Nationwide property values rose 0.8% in September as low rates and scarce listings kept demand firm despite the economic downturn.
The site could draw USD $2 billion to USD $4 billion in logistics investment and ease freight congestion around Palmerston North.
It's part of the telco's network investment programme, through which 'hundreds of millions of dollars' are pumped into the country's digital infrastructure.