Kiwi Property: record mall sales, devaluations push result into red Revenue was up at one of New Zealand’s largest listed landlords partly from more sales at its malls but bottom-line profit turned to a loss after property devaluations hit. Kiwi Property Group, with $3.1 billion of assets, declared a $227.7m net loss after…
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Property Journal
Property Journal
Property Journal
Job ad volumes dip for first time in 2023 Job ad volumes fell for the first time this year, driven by a steep decline in hospitality and tourism, new data from Seek NZ shows. But the labour market remains strong when compared with pre-Covid levels, with applications per job ad on the rise. The…
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Bottomed out or a ‘false floor’?: Economists divided on where to for house prices Investment bank UBS says the New Zealand housing market has “hit bottom,” but local critics are not so sure. In recent trends, UBS economist Nick expects the official cash rate to peak at 6% before inflation is controlled this year…
Read MoreChris Hipkins looks ahead to future tax cuts, but says now isn’t the time Prime Minister Hipkins announced that he is considering future tax cuts but now is not the time, and added that tax cuts must wait until inflation comes down. The Prime Minister discussed last week’s budget announcement at a meeting with…
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