Auckland houses beyond reach

A Massey University Home Affordability Report has said that Auckland is now 59% less affordable than the rest of the country. The report, which covers the quarter from October to December 2015, shows an overall improvement in national affordability of 5.7%. “In Auckland, despite continuing high values and severe unaffordability, there has been a slight quarterly improvement of 1.4%. This…

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Government takes a hard look at softening economy

Richard Forgan –  Faced with increasing calls for loosening the purse strings, together with subdued growth and low inflation, Finance Minister Bill English has stuck to his ‘steady as she goes’ strategy of the last five years following the Half-Yearly Economic and Fiscal Update and the Budget Policy Statement released on December 15, 2015. There is an increase to capital…

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Despite rising income, affordability remains aloof

Julian Wood –  New Zealand is a rich country, but many households struggle to make ends meet. Findings from the Statistics New Zealand’s Household Economic Survey shows that around 200,000 households feel that their total household income was not enough to meet their everyday needs. A further 459,000 households felt that their household income was just enough to meet their…

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Hands on issues, not lip service, will work

Meaningful alliance will tighten Indo-Kiwi bond Dr Richard Worth –  Business Councils the world over need to ensure that they do not fall into the quagmire of doing little more than providing fuzzy fellowship opportunity. The focus must always be on providing sustainable benefits for members with clear business advantages which are measurable. Delegations led by heads of state often…

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