Tauranga company's plans to fix New Zealand's housing crisis

A Tauranga company says it can build more than 10,000 kitset homes per year to help alleviate New Zealand's housing crisis. Golden Homes founders Len and Jill Helms today launch Ubuilt. The venture could also create hundreds... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Capital Gains Tax: Automated mass valuations could be used to value Kiwi properties

Every Kiwi house and commercial property may need to be valued en masse by a computer programme under a capital gains tax, leading to warnings of a flood of objections from homeowners.The mass valuation - already termed "V-Day"... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

1000-house project scrapped after developer Todd Property gives up fight

The controversial plan to build a $1.4 billion high-density housing development at Okura, outside northern Auckland's city limits, has been sunk by drawn-out appeals.Todd Property managing director Evan Davies said the company had... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Disgraced real estate agent Aaron Drever censured and fined for buying clients' home

A disgraced former realty agent has been censured and fined for buying his clients' home without disclosing the conflict of interest to the commission-paying sellers. In a just-released decision, the Real Estate Authority found... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Prime Minister Jacinda Ardern says farmers and small business owners will be top of mind when making capital gains tax decisions

Prime Minister Jacinda Ardern has said small business owners and farmers would be at the top of her mind when it comes to making final decision on a capital gains tax in the next two months."Small businesses and farming are crucial... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

NZX creeps closer to fresh high on US/China trade hopes

New Zealand's NZX-50 index crept closer towards a fresh high as President Donald Trump said Monday morning (NZT) he will extend a deadline to escalate tariffs on Chinese imports.That buoyed markets around the world. The NZX-50... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Disgraced Theranos founder Elizabeth Holmes' desperate plan to save her company

Elizabeth Holmes was celebrated as the youngest and wealthiest self-made female billionaire in America in 2015.Her revolutionary blood testing technology company, Theranos, had been valued at nearly US$10 billion ($14.5b), and the... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Sir Michael Cullen says the family home would be exempt under his Capital Gains Tax, but there are a few caveats

Under the capital gains tax recommended by the Tax Working Group last week, the family home would be exempt – except when it's not.As is to be expected with complicated tax policy, nothing is as straight forward as it seems. When... Source: NZ Herald Business News

By | February 25th, 2019|Business|0 Comments

Strange mystery behind unclaimed $1.5 billion lotto ticket

Nearly everyone in this small South Carolina town has a theory for the city's billion-dollar mystery: Who won the US$1.5 billion (NZ$2.2 billion) Mega Millions jackpot announced last October?Maybe the winner was so overwhelmed upon... Source: NZ Herald Business News

By | February 24th, 2019|Business|0 Comments

Family selling the Hawke's Bay homestead a Gallipoli war hero built with a bullet beside his heart

The huge family homestead that Gallipoli war hero Eric Beamish built on his return to Hawke's Bay is being sold by his family.A bullet from a battle in World War I rested only millimetres from Beamish's heart as he built the property,... Source: NZ Herald Business News

By | February 24th, 2019|Business|0 Comments