New Zealand stock market was mixed, as the Wellington Anniversary holiday thinned out trading, as Hallenstein Glasson rebounded and Tower slipped after shedding rights to its February dividend. The NZX 50 Index fell 3.451 points, or about 0.07percent, to 4890.496. Within the index, 16 fell, 25 stocks rose and nine were unchanged. Turnover was a lighter-than-usual $66.8 million with fewer …

Auckland house prices remained “severely unaffordable” for the 10th year in a row in the American survey, Demographia, which compares housing costs in nine mainly English-speaking countries. Produced by Wendell Cox, an Illinois-based opponent of urban planning and proponent of private cars over public transport and Christchurch-based urban planner Hugh Pavletich, the Demographia report contends that restrictive urban planning is …

The New Zealand dollar looks likely to fall this week as investors consider how local inflation and housing figures will feed into the Reserve Bank’s interest rate outlook, ahead of next week’s policy review. The local currency may trade between 81.20 US cents and 84.20 cents this week, according to a BusinessDesk survey of six traders and strategists. Four predict …