Housing

Another bank has cut its one-year fixed term rate to 4.89 percent, the lowest advertised rate in the market.

Heritage NZ is "deeply disappointed" at the Wellington building's seemingly imminent demolition and says refurbishment is still achievable.

Minister Tama Potaka says the first he heard of victims being turned away from emergency accommodation was in the House.

The Gordon Wilson Flats have been sitting empty since 2012 and can now be demolished.

Quotable Value operations manager James Wilson says prices and sales were not changing much - but there were signs of tentative confidence.

Average rent across the country dropped $27 a week in May, compared to last year.

The new homes will be for the descendants of Ngāti Rangi living in the region and those wanting to return home.

Up to 150 social housing homes are scheduled for completion by July 2027.

A youth advocate said the turnout at the hīkoi clearly showed the pain and trauma young people were experiencing.

An advocate says there are at least 140 young people in the city who do not have stable housing - some as young as 11 years old.

Westpac is cutting some of its home loan rates and slightly increasing one other.

Many property owners have seen the capital value of their properties drop in the past week.

A landlord who rented a property that was "never intended for anyone to live in" to his sister-in-law has been told to pay $5900 in exemplary damages.