Savings up but net wealth falling as total household wealth plunges by almost $90 billion
A housing market meltdown, flatlining KiwiSaver performances and mediocre share markets have sent household net wealth plummeting.Total household net wealth fell $88.9 billion during the June 2022 quarter, Stats NZ said today.  But... More
Financial Markets Authority releases wholesale property investment probe, formal warnings issued
Formal warnings have been issued to seven businesses raising millions for property schemes by making "non-compliant" documents for wholesale property investment offers.Te Mana Tātai Hokohoko, the Financial Markets Authority,... More