Business

ASB is to use cheap funding from the Reserve Bank to offer a cut-price mortgage to home builders.

For many, life in New Zealand's capital Wellington is largely back to normal. Its windswept streets are crowded with maskless shoppers and office workers, bars are packed and the economy is humming...

It's been a long time since a $200,000 mortgage could get you into your own home in Queenstown.

There are fears more people will be locked out of the New Zealand property market in the coming year, as house prices grew at a record rate for the second consecutive month.

New Zealanders spent $12 billion more buying housing this year than last year, pouring $60.8b in the heated sector.

Prime Minister Jacinda Ardern might have ruled out bringing in a capital gains tax, yet there is already a tax on the books that could do the job instead.

Finance Minister Grant Robertson has taken a significant step in the Government's quest to address soaring house prices by lobbying the Reserve Bank to change its mandate.