The New Zealand dollar may gain this week as the central bank’s pending decision on interest rates draws attention to the strengthening local economy, highlighting that the next move in interest rates will be up. The local currency may trade between 77.20 US cents and 82 cents this week, according to a BusinessDesk survey of nine traders and strategists. Four …

Goodman Property Trust, the country’s biggest listed property investor by market value, is planning to spend $22.4 million on a new building at its Central Park development in Auckland’s Greenlane. The property trust’s manager, Goodman (NZ), said it will erect a new five-level office space with 5,670 square metres to cater for more than 2,000 people, replacing an older building. …

Rising New Zealand property values accelerated last month as the lack of listings in Canterbury and Auckland continue to overheat the market, prompting the Reserve Bank to impose low-equity home lending restrictions from next month. Property values rose at an annual pace of 8.5 percent in August, from an 8.1 percent annual pace a month earlier, according to state-owned Quotable …