News
Strong sales, higher prices for Auckland's largest real estate agency in March
1+ day, 9+ hour ago (462+ words) Auckland's largest real estate agency had a cracker of a month in March, with sales numbers and selling prices both up strongly. Barfoot & Thompson sold 1262 residential properties in March, up 4% compared to March last year. That was the most sales…...
Pure electric car sales jump in March, but not back to subsidised levels
2+ day, 1+ hour ago (196+ words) March saw 2275 sales of full battery EV cars, the most since the end of the EV subsidy scheme ended in December 2023, according to NZTA data. This was up from 634 in February, and 594 in March 2025. But despite the surge, it was…...
Govt to introduce legislation decreasing Auckland housing capacity to 1.4m from 2m
3+ day, 7+ hour ago (901+ words) The Government will introduce legislation to alter the Resource Management Act (RMA) so the housing capacity requirement for Auckland's housing plan can officially be lowered from 2 million to 1.4 million. Initially this number was 1.6 million but on Tuesday, Housing and RMA…...
Auckland residential construction activity got off to a slow start in 2026
4+ day, 7+ hour ago (263+ words) The number of new homes being completed in Auckland continued to decline at the start of this year. The latest data from Auckland Council shows 853 Code Compliance Certificates (CCCs) were issued for new dwellings in January 2026. That's up slightly from…...
Air New Zealand could see losses totalling over $500 mln across this year and next
1+ week, 1+ day ago (532+ words) Air New Zealand [AIR] is facing potential pre-tax losses across the current year and next year totalling over $500 million, according to Forsyth Barr analysts. Forsyth Barr's head of research Andy Bowley and associate analyst Hugh Lockwood have estimated those losses…...
IRD & Treasury working on 'temporary and targeted' support measure via tax & transfer system
2+ week, 1+ day ago (830+ words) Prime Minister Christopher Luxon wants to get "straight with New Zealanders" things could get worse before they actually get better" when it comes to the impact of increasing fuel prices from the conflict in the Middle East. It comes as…...
Brazil’s beef machine and the questions it raises
2+ week, 6+ day ago (1453+ words) Across the global beef industry there are few countries that shape the conversation as strongly as Brazil. With more cattle than any other nation and export channels stretching across Asia, the Middle East and Europe Brazil sits at the centre…...
How ships can be misdirected into harm’s way
2+ week, 6+ day ago (656+ words) The war in Iran has dominated headlines with reports of airstrikes and escalating military activity. But beyond the immediate devastation, the conflict has also illuminated a quieter and rapidly growing danger: the vulnerability of ships, and the people who operate…...
Global dairy output growth won't last
3+ week, 3+ day ago (883+ words) Content supplied by Rabobank. Global dairy commodity prices have rallied this quarter " particularly for New Zealand and Australian product " despite the world's milk supply continuing to grow and outpace demand, Rabobank says in newly-released research. In its Q1 Global Dairy Quarterly…...
Air New Zealand suspends profit guidance - warns of 'pricing action' and 'network adjustments"
3+ week, 3+ day ago (708+ words) Air New Zealand [AIR] has suspended results guidance for the year that it issued as recently as February 26 and is warning that continuation of the Middle East crisis could see further pricing action and "network adjustments"." Air New Zealand recently…...