Workers who have relocated to Christchurch at their employers’ expense risk having their accommodation costs treated as income under a new tax department ruling described by one major accounting firm as “a significant and unwelcome change in approach”.… Full Story →
- Summerset gets consent for $80 million Wigram village
Summerset Group Holdings, the listed retirement village, has been granted resource consent for its $80 million Wigram village, its first in Christchurch.
- Fletcher Building wins government contract to build 237 homes in Christchurch
Fletcher Building has won a contract to build 237 homes on an 11.5-hectare Crown-owned site in Christchurch, including 89 which will be priced below $400,000, Housing Minister Nick Smith said.
- Christchurch City credit rating cut over consenting debacle
Christchurch City Council had its credit rating cut one notch and is still on a negative outlook after losing its accreditation to issue building consents.
- NZ building consents rise 1.3 percent in May on Auckland, Christchurch construction
New Zealand’s new building consents rose in May, adding to a surge in April, as construction intentions Auckland and Christchurch underpinned growth in the sector.
- NZ labour costs rise 0.5 percent in December quarter as Canterbury rebuild picks up pace
New Zealand labour costs rose in line with expectations in the final three months of 2012 as the gathering pace of Canterbury’s reconstruction effort saw the building and construction sector underpin gains.