TODAY |

Economy

Wellington housing (file picture).

New Zealand house prices growing faster in most regions compared to centres

Northland, Waikato, Hawke's Bay, Tasman, and Southland all posted record high medians.

04:22
The Finance Minister joined Breakfast to talk about the Half Year Economic and Fiscal Update.

Budget will 'make sure everybody benefits' from economic growth, Finance Minister pledges

Grant Robertson says the steady growth has allowed a new method for allocating money based on wellbeing.

00:50
The Government has opened its books, six months between Budgets.

Opening the books: Government targets mental health, creating opportunities for Māori and Pacific people in 2019 Budget priorities

That's according to the Finance Minister who's released The Half Year Economic and Fiscal Update.

03:50
Terry Baucher says New Zealanders can expect a call from the tax department about the changes.

Tax expert warns of 'teething issues' as IRD face major changes affecting thousands of Kiwis

Some Kiwis can expect a call from the tax department about the changes.

Christchurch, New Zealand - December 4, 2015: Tourist walk by the Chalice in Cathedral square Christchurch. It's a large modern sculpture of an inverted cone  made up of patterns featuring different native plants made by Neil Dawson.

Large rise in retail spending in central Christchurch

Food and drink made up the greatest proportion of spending.

Real estate data analysts say Kiwis are comfortable borrowing massive amounts against a house.

House prices rise 1.3 per cent in quarter as market cools

QV says "more affordable" main centres, particularly Dunedin and Wellington, continue to show strong growth.

Finance and business investment concept. Graph and rows with statistic growth of coins on table.

Bust Australian broker could owe up to 4000 New Zealand investors

Administrators have been appointed to Halifax Investment Services and investors accounts were frozen.

The Financial Markets Association has launched a programme to help savers.

Lazy auditing of KiwiSaver finances highlighted by regulators

The Financial Markets Authority's annual review of auditors has found they are sometimes too reliant on information provided by company directors.

The Remarkables, Queenstown.

Air NZ boss says New Zealand needs to start charging tourists more

Christopher Luxon said NZ has the ability to get more value out of tourism.

Some property managers are asking prospective tenants to hand over bank statements.

Positive economic outlook shines through gloomy sentiment

The latest ASB Quarterly Economic Forecast points to a long list of positive indicators that defy the lingering clouds of gloom on the outlook for the economy.

03:28
Mortgage advisor Bruce Patten spoke to Breakfast about what’s driving the low rates.

Mortgage advisor warns lowest mortgage rates since after WWII will be gone 'by the time Santa comes down the chimney'

Banks are offering rates as low as 3.85 per cent. However, they aren't expected to stay that low for long.

New Zealand hundred dollar bills.

OCR remains at 1.75 per cent, expected to stay unchanged to 2020

It would be kept at that level to "contribute to maximising sustainable employment, and maintaining low and stable inflation".

Unemployment rate down to 3.9 per cent, lowest level since 2008

The unemployment rate fell to 3.9 per cent in the September 2018 quarter - the lowest since the June 2008 quarter, when it fell to 3.8 per cent.

01:58
Ms Ardern spoke to Breakfast this morning about ‘regulatory gaps’ in the Reserve Bank and the FMA.

'An issue of competition' - Jacinda Ardern discusses bank conduct review, Kiwi banks' profits

Ms Ardern discussed the 'regulatory gaps' in the Reserve Bank and FMA.

Diverse group of leaders named to advise Government on pumping up the economy

Air NZ's Christopher Luxon will chair the Business Advisory Council.

Fletcher Building sign and logo

Fletcher Building scraps Steel & Tube takeover

Rejection of enhanced $315.4 million offer sent target's shares plummeting from a four-month high.

House sales drop nationwide, September figures lowest since 2011

"There simply weren't as many properties for sale resulting in a very quiet start to spring," says REINZ's boss.

01:56
The Government’s books revealed a $5.5 billion surplus, well up on what was predicted.

Government posts $5.5 billion surplus, numbers employed up, average wages rise

The Finance Minister says a strong surplus and growing economy show the coalition is managing the books responsibly.

00:50
The plan, developed by six Ministers, focuses on six priority areas.

Action plan will address NZ's 30,000 construction worker shortfall

Construction Minister Jenny Salesa said it's an important first step in delivering the skills needed for the future.

02:48
The first of three fuel tax increases over the next three years comes into effect at midnight.

Queues at petrol pumps in rush to beat latest price hike

The first of three fuel tax increases over the next three years is coming into effect overnight.

01:50
It comes after months of talk of low business confidence.

Corin Dann's analysis: Amid a month of political turmoil, NZ economy a big bright spot for the Government

The Opposition has been spoilt for choice in its attacks, but that could be changing.

New Zealand hundred dollar bills.

OCR remains unchanged, expected to stay at 1.75 per cent through to 2020

Reserve Bank Governor made the announcement today.

01:16
Jacinda Ardern gave Kiwi businesses trading in Iran an assurance the Government is ‘doing everything we can to support the work they do’.

Government moves to support Kiwi businesses trading with Iran as its relationship with US worsens

The Presidents of US and Iran traded insults at the UN General Assembly.

00:20
Eyes are on the country’s financial performance this morning, with ASB tipping strong quarterly growth.

Strong growth expected in GDP figures to be released this morning

Two of the banks are tipping strong quarterly growth.

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