Simon Hartley

Housing values continue to rise

Housing values continue to rise

New Zealand's love affair with housing continues unabated, as February residential property values rose nationally 6.4% on a year ago - or 20.3% above the market peak of late 2007.

Commodities 16.6% lower

Whole milk powder prices were the standout gainer of commodities in February but, with other commodities falling for a third consecutive month, the ANZ commodity price index is down 16.6% on a year ago.

Port Otago to test dredging vessel

Port Otago to test dredging vessel

Port Otago will start a month-long trial of harbour dredging soon to assess the suitability of its suction dredge vessel New Era to undertake the ''Next Generation'' dredging programme.

Prize catch

Prize catch

Dunedin angler Dwayne Willcock with his winning salmon, caught from a boat and reaching 6.10kg at Sunday's weigh-in for the annual Otago Salmon Anglers Club competition.

Overtaken in growth stakes

Overtaken in growth stakes

Otago's economic growth remains high, but the region, after being one of the top three for the past year, has now slipped to sixth place out of 14.

Average house price tops $500,000

Average house price tops $500,000

Asking prices for houses nationally have breached an average of more than $500,000 for the first time - with the Central Otago Lakes district average 17.5% higher again, while the rest of Otago slumbers more than 40% below the national average.

'Minimal information' over liquidation

'Minimal information' over liquidation

A debt of more than $250,000 - attributed to the company of a lawyer which had been operating in Dunedin - appears to have liquidators baffled.

US sales boost for Delegat's

US sales boost for Delegat's

United States wine underpinned a 4% increase in half-year global sales of Delegat's Groups, which rose to 1.12 million cases.

Auckland expansion paying off

Auckland expansion paying off

Expansion is paying dividends for SBS Bank, which has booked a 2.6% increase in lending growth to $2.6 billion - largely from the heated Auckland house market.

Scales Corp profit 15% higher than IPO expectations

Scales Corp profit 15% higher than IPO expectations

Diversified agri-business group Scales Corporation has beaten its initial public offering (IPO) financial guidance, its $18.4 million, full-year after-tax profit more than 15% higher than expected.