A panel of property experts including agents, managers, valuers and brokers says that the home prices are likely to continue their upward swing with the demand outpacing the supply. The experts gathered by the Property Institute, generally give a feel in terms of the market movement trends in each quarter.
Mr Hoggard, who was the president of the Auckland Trotting Club passed away yesterday. On Monday, Ms Dominique Dowding, the chief executive of Alexandra Park said that "Kerry Hoggard's sad and sudden passing is a huge loss for the New Zealand harness industry, the country's business community, and his beloved Auckland Trotting Club."
One of the biggest real estate agencies of New Zealand says that the speculation indicating the housing market is dropping could be just a pre mature assumption.
Some residents of Auckland were angry as they were fined for parking their vehicles partially on the footpath at 2am.
Ports of Auckland said that is opening a freight hub in Mount Maunganui close to the location of Port of Tauranga, which is its major rival.
The second largest port company of the country said it aimed to provide more choice to the exporters operating from Bay of Plenty. The new intermodal freight hub will also provide improved access to the markets overseas.
NZ Post is shifting some of its jobs to Auckland. The state owned enterprise said that it plans to trim seventy one jobs in Christchurch call centre location and four in the Wellington call centre.