The government enters its seventh year without a clear agenda.
Lower vacancy – particularly within modern, higher grade premises – has seen rentals begin to rise for the first time in a number of years.
Volatility will continue as investors grapple with falling inflation, sharp drops in oil and metal prices, events in Europe, decelerating Chinese growth.
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The key will be Andrew Little ability to restore a pro-growth and pro-development agenda to a party that has a reputation for being more green than red
Banking & Finance
NZX50 Index climbed to a fresh high as investors hunt for income paying investments on the prospect of interest rates staying lower for longer.
The operating balance before gains and losses was a deficit of $1.54 billion in the five months ended Nov. 30, smaller than the $1.66 billion forecast in the December half-year economic and fiscal update, and $2.34 billion a year earlier.