Auckland’s average house price slipped in January, reflecting a seasonal slowdown following the Christmas and New Year holiday period. The average sale price fell 7.6 percent to $647,207 from a record in December, although it is 7.7 percent ahead of January last year, according to realtor Barfoot & Thompson. The median price fell 7.8 percent to $580,000 from December. “This …

Vodafone New Zealand is likely to target Telecom Corp’s remaining Sky Network Television customers to increase its market share as the agreement between Telecom and Sky comes to an end in the next few months. The decade-long agreement for Telecom to resell Sky’s pay TV service will end May 31, the Auckland-based companies said today. Telecommunication providers sell products such …

David Ellis, the biggest spender at New Zealand’s premiere Karaka horse sales this year, says the tax department is stifling new investment in the bloodstock industry with its interpretation of depreciation rules. The value of yearling sales at Karaka in South Auckland have fallen in each of the past six years, reaching $69.7 million last month, down from $111.2 million …