The announcement that Budget 2017 will allocate a further $11 billion in new capital infrastructure has been warmly welcomed by industry leaders “It will be essential that this new funding unlocks local and private capital to accelerate much-needed infrastructure investment,” Infrastructure New Zealand CEO Stephen Selwood insists. Continue →

The New Zealand economy has just celebrated its seventh year of uninterrupted annual expansion, BERL chief economist Dr Ganesh Nana notes On the back of strong population growth, in turn driven by unprecedented migration inflows, GDP has grown 18 per cent since 2010. Continue →

A tax expert is calling for the introduction of a poll tax on immigrants to help fund the extra infrastructure and public service costs associated with New Zealand’s growing population University of Auckland Business School Senior Lecturer in Tax Law Mark Keating  argues the government should impose a flat levy on most immigrants to New Zealand to help cover the extra infrastructure and service costs from population increase. Continue →

The unemployment rate rebounded in the March quarter lifting from (an upwardly revised) 5.4 percent to 5.7 percent. Continue →

Retail spending using electronic cards was $4.8 billion in April 2016, up $348 million (7.8 percent) from April 2015. Continue →

Property For Industry, the listed industrial property investor, increased annual profit 21.5%, with an uplift in the value of investment properties strengthening its balance sheet. Continue →

  Total manufacturing sales rose in the December 2015 quarter after a strong increase in the September quarter. Continue →

  A portfolio of five Auckland commercial and industrial buildings, independently valued at $111.835 million, has been acquired for an investor fund focused on adding value to the properties and then selling them on – all within a five-year time frame.   Continue →