Dene Mackenzie

NZ 'on way to major housing crisis'

NZ 'on way to major housing crisis' On a visit to Dunedin yesterday, Labour leader Andrew Little said New Zealand was on its way to a major housing crisis.

Job market strength positive

Job market strength positive

The ANZ Job Ads series is suggesting the New Zealand labour market remains fairly strong and it is a question of when, not if, this flows into an acceleration in wage growth.

Farmgate payout likely to increase

Fonterra is likely to lift its farmgate milk price payout to farmers when it makes its announcement next week but economists are divided about where the payout will settle.

Two-year outlook suggests low inflation could become embedded

The risk of low inflation becoming embedded in New Zealand seems to rise substantially when two-year-ahead expectations are analysed, HSBC chief economist Paul Bloxham says.

Heartland sees opportunities in market volatility

Heartland sees opportunities in market volatility

Heartland Bank has decided not to proceed with a capital issue or the return of capital before June, focusing instead on acquisition opportunities presented by market volatility.

Power price plan benefits South

Power price plan benefits South

Most regions from South Canterbury to Invercargill seem likely to benefit from proposed changes to New Zealand's electricity pricing, although there is still a long way to go before any changes are finalised.

Economy growing faster than usual

Economy growing faster than usual

The economy appeared to be growing at a better than average pace, judging by the latest two indices published by the BNZ and BusinessNZ, BNZ senior economist Craig Ebert said.

Increase in household, farm debt of concern

Increasing the time being, the increase in household debt was sustainable, he said. Continued low interest rates meant the proportion of household incomes spend on debt servicing had remained low.

Right direction taken - Flick

Exposing consumers to the true cost of electricity was likely to change their usage behaviour, Flick Electric chief executive Steve O'Connor said.

Eyes now on Tiwai Point

Eyes now on Tiwai Point

The proposed electricity-transmission charging changes produced clear winners and losers but all eyes would now turn to the actions of New Zealand Aluminium Smelters, the operator of Tiwai Point.