Housing Sectors weakens

REINZ housing data for October was extremely weak. House sales fell 7.2%, and prices fell 4.2% – the biggest single-month price decline on record. Days to sell a house lengthened. Part of the national price decline was a reversal of odd-looking price increase in Christchurch in September. However, this cannot explain all of the weakness. Decline in Auckland The weakest…

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Survey shows customer service remains in fashion

Sue Chetwin –  Consumer NZ has announced the best and worst performers from its 2015 Retailer Satisfaction Survey. Among home appliance and technology retailers, ‘100% Appliances,’ ‘Mighty Ape’ and ‘Heathcote Appliances’ had the most satisfied customers. ‘100% Appliances’ and ‘Heathcote Appliances’ also rated above average for point-of-sale and after-sale service. Customers of online retailer ‘Mighty Ape’ particularly liked its delivery…

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Gray New Zealand gets farther from affordable living

Dr Claire Matthews –  The Westpac Massey Fin-Ed Centre has released updated Retirement Expenditure Guidelines to help New Zealanders plan for their retirement. The new report, which was developed in partnership with Workplace Savings NZ, shows a growing gap between the cost of living in retirement and New Zealand Superannuation payments. The guidelines are based on figures from Statistics New…

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High digital investment challenges IT wizards

Greg Doone –  The key behaviours that correlate strong digital investment to profitability for New Zealand businesses have been highlighted by PwC New Zealand’s 2015 Global Digital IQ Survey. This survey represents the most comprehensive comparison of New Zealand’s digital landscape, to global best practices, carried out to date. Tipping point As organisations in New Zealand and across the globe…

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Risk goes on board in high places of business

Disruption a key challenge for directors Venkat Raman –  The rising risk in doing business has become a major issue at the top echelons of business in New Zealand with directors spending more time managing stakes today than ever before, a new study has revealed. ‘The Director Sentiment Survey’ conducted by the New Zealand Institute of Economic Research (NZIER) for…

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Corporate New Zealand awaits main course

Dinesh Naik –  The release of the tax administration and PAYE and GST consultation documents is an important next step. It provides details of the government’s business transformation strategy for Inland Revenue Department (IRD). The March consultation documents were the entrées. We are set for a series of main courses over the next 12 to 18 months. Getting the tax…

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