Large property investor Kiwi Property has reduced its full-year loss as the value of its investment portfolio fell at a slower pace, while rental income fell following the sale of two shopping centres.
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With grocery bills soaring and petrol prices hitting, drivers letting their policies lapse.
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The company said the bottom line was hit by a combination of $283.9 million in one-time costs, and a drop in the value of its properties.
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The country’s most popular bank – and one of the smallest – increased customers, lending, and kept bad debts in check.
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Part of the problem was businesses cutting back on costs, according to a firm that surveyed consumers.
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The need for help “will continue for years”, Woolworths says.
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Analysis – The residential property market remains sluggish, interest rates are likely to stay high until next year, but there’s some relief for investors.
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The union now must pay its former employee compensation, 12 months’ lost remuneration and more to his costs.
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Here is what five mortgage advisers would do if they were fixing a loan now.
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The ANZ-Roy Morgan consumer confidence index rose 4 points in May to 84.9 – a reading below 100 indicated pessimists outnumbered optimists.
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