Monday , June 18 2018
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Tag Archives: Housing

Beijing has allegedly corrupt NZ-resident Chinese in its sights

The Chinese government has its eye on an unknown number of New Zealand-resident Chinese citizens who are thought to have established themselves here with funds obtained through corrupt practices, the Prime Minister, John Key, says.  The issue came up in talks between Key and the Chinese president, Xi Xinping, during …

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NZ govt’s social housing plans aim to alleviate poverty, PM Key says

The government’s plan to increase the private provision of state-housing is part of a wider goal to alleviate the country’s most vulnerable by putting more cash in their pockets, Prime Minister John Key says. Speaking at his weekly post-Cabinet press conference in Wellington, Key told reporters the government expects to …

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While you were sleeping: US housing recovers

Wall Street advanced, up more than 1 percent, amid better-than-expected data on existing US home sales, and solid corporate earnings including from Apple. In afternoon trading in New York, the Dow Jones Industrial Average rose 1.13 percent, the Standard & Poor’s 500 Index climbed 1.61 percent, while the Nasdaq Composite …

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House price surge not a bubble, LVRs not justified, bankers lobby says

Surging prices for Auckland and Christchurch real estate do not constitute a housing market bubble because bank lending volumes have been plummeting for the last two months, says the executive director of the New Zealand Bankers Association, Kirk Hope. Political debate has raged this week over the impact on first …

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