Police have launched an investigation into a 40-year-old individual following the discovery of cannabis and paraphernalia at a property in Canterbury. According to police, the evidence suggested the items were being used for personal purposes outside the scope of a medicinal cannabis licence. Authorities are currently reviewing information gathered during the search as they determine … Read more
Isabelle Violet Carreras, a 20-year-old British woman, remains in custody in Thailand after being charged with the murder of 34-year-old Thomas David Powell. Authorities discovered Mr. Powell’s body in his Pattaya home on July 2, citing multiple stab wounds and evidence of a struggle. While Ms. Carreras denies the allegations, she could face the death … Read more
ANZ and other major New Zealand banks, including ASB, BNZ, and Westpac, have raised floating home loan and business interest rates by 0.25% following the Reserve Bank of New Zealand’s decision to increase the official cash rate (OCR). These adjustments affect both new and existing borrowers, reflecting a broader shift in the national lending environment. … Read more
Kainga Ora initiated over 5,000 Tenancy Tribunal applications in the 2025/2026 year as part of a “firm but fair” strategy to manage its 78,000 public housing properties. While the agency aims to resolve disputes early, the approach has drawn criticism from the Green Party over concerns regarding tenant stability and potential homelessness. Tribunal Activity and … Read more
CDC Data Centres’ New Zealand subsidiary recorded a net loss of $87.7m for the 2026 financial year, despite generating a gross profit of $117.3m. According to company filings, the loss was driven by $145.6m in fair value write-downs on investment properties, foreign exchange volatility, and rising debt costs, contrasting sharply with a $637.6m profit in … Read more
Former Prime Minister Dame Jacinda Ardern’s Auckland property in Sandringham sold at a closed auction evening. The 1930s bungalow, which served as the family home for Dame Jacinda and her partner Clarke Gayford during her time in office, went under the hammer at 6 p.m. While the final sale price remains undisclosed, the property carried … Read more
The Reserve Bank of New Zealand faces a divided consensus ahead of its Official Cash Rate (OCR) decision at 2pm tomorrow. While ANZ and BNZ economists forecast a 0.25% hike to 2.50%, Kiwibank, ASB, and Westpac expect the bank to hold the current rate at 2.25% to support a lukewarm economy. Will the Reserve Bank … Read more
A luxury estate in Queenstown is set to hit the market with an expected price tag of $35 million, positioning it among New Zealand’s most expensive residential property sales of the year. According to Mark Harris, managing director and co-agent at New Zealand Southby’s International Realty, the 4065 sqm property is a legacy estate that’s … Read more
Buying a home is not an automatic path to wealth, as the true value of property depends on net returns after accounting for costs, interest, maintenance, rates and taxes, insurance, and the opportunity cost of tying up your money, according to Bryan Nicol, a certified financial planner professional at Doshguide. While property remains a popular … Read more
BNZ has increased its short-term fixed mortgage rates while simultaneously reducing its longer-term offerings, effective June 24. This move follows similar rate adjustments by ANZ and Westpac, both of which recently lowered some fixed home loan rates in response to shifting global wholesale interest markets. The Reserve Bank of New Zealand (RBNZ) currently holds the … Read more