House prices in descent

The latest REINZ report revealed a further cooling in the housing market. House sales (July month): 4,822* Monthly % change: -3.1% (Prev month -11.2%) Annual % change: -36.7% (Prev month -36.1% House Price index* Monthly % change: -1.7% (Prev month -1.0%) Annual %...

CDL notes change in trading climate

10.8.22 NZX-listed property development and investment company CDL Investments New Zealand (NZX:CDI) reported an operating profit after tax of $22.90 million (2021: $20.75 million) in the June six months. This is on revenue of $47.81 million (2021: $61.27 million)....

Building activity rising

    The volume of building activity in New Zealand rose 3.2% in the March 2022 quarter, compared with the December 2021 quarter, according to Stats NZ. Residential building activity rose 3.5% in the March 2022 quarter, while non-residential building activity...

SBS Bank has solid year

SBS Bank has delivered another strong result for the 2021-2022 financial year, finding innovative ways to support members through the challenges of the Covid-19 pandemic. The SBS Group, which includes subsidiaries Finance Now, FANZ and SBS Insurance (Southsure),...
‘Debt vs Equity split opens up

‘Debt vs Equity split opens up

Corelogic has highlighted a ‘debt vs equity’ split in the property market, with mortgaged investors and first home buyers seeing low/falling shares of property purchases, but cash investors and movers having a rising presence. In a Market Pulse column CoreLogic’s...