New Zealand (NZ) stories
Routine fire safety checks are being paused in New Zealand as lockdown rules limit work to urgent tasks protecting health, safety and essential services.
COVID-19-driven revenue losses could force councils to cut infrastructure spending, hurting local economies and slowing recovery.
Online property searches have surged as lockdown restrictions curb listings, while average asking prices in March still rose 5% year on year.
One-third of construction jobs are at risk as firms brace for insolvencies and shift training and services online to survive the lockdown.
Commercial landlords could face rent relief claims as lockdowns trigger emergency no access clauses in many New Zealand leases.
Thousands of New Zealand construction workers face redundancy within months unless sites can reopen safely and government support is stepped up.
Market turmoil has scuppered Centuria Capital’s NZD $180 million bid for Augusta Capital, sending the fund manager’s shares down 8.3 percent.
Tenants face a temporary freeze on rent rises and evictions as New Zealand's four-week COVID-19 lockdown halts viewings and house moves.
Auckland’s southern land values could rise as the transport package unlocks new homes, jobs and development, Colliers says.
Thousands of New Zealand employers and workers can now apply for wage, leave and tax relief after the government unveiled a NZD $12.1 billion package.
Lower borrowing costs are expected to bolster New Zealand property demand, with record-low interest rates giving buyers greater certainty and confidence.
Billions in COVID-19 spending could be used to unlock projects, create jobs and speed New Zealand’s economic recovery, Infrastructure NZ says.
Statistics NZ said smaller standalone houses and more multi-unit builds have pushed the average floor area of new homes down 21% in a decade.
WorkSafe has halted prosecution after Hawke’s Bay District Health Board pledged new safety measures following a 2018 patient-lifter fall.
Border curbs are set to reduce the risk of imported infections, but officials warn New Zealand must still bolster testing, tracing and isolation.
Pedestrians near forklifts and heavy machinery are being warned earlier, as new lamps project bright red or blue safety zones around vehicles.
Its climate potential for steelmaking could help cut coal use, as researchers uncover a zero-carbon way to make iron using hydrogen.
Economic worries are deepening as COVID-19 threatens recession, job losses and delayed launches across New Zealand's fintech sector.
Auckland's housing crisis could deepen if the Drury project fails to deliver affordable homes despite NZD $2.4 billion in transport spending.
New Zealand home values kept climbing in February, lifting the average house to NZD $722,475 and worsening affordability for buyers.
