AGP Executive Report
Last update: 8 hours agoChina Trade: Premier Li Qiang and Prime Minister Christopher Luxon discussed speeding up China–New Zealand talks on services trade under their free-trade agreement, alongside cooperation in renewables and electric vehicles. Housing: New Zealand home values fell 1.5% in the September quarter to an average $892,580, with Auckland down 2.5% and Wellington 3%. Queenstown bucked the trend, rising 3.1%. Buyers remain cautious amid economic uncertainty and the election. Markets: The NZX 50 gained 0.6% as falling oil prices and bond yields lifted major stocks, including Fisher & Paykel Healthcare and Infratil. Freight: Texel Air has added a second 737 freighter in New Zealand, bringing its local fleet to three and supporting regional and international cargo links. The two new aircraft represent a $95 million investment. Business Costs: Energy costs remain a major concern for local firms, while petrol prices have hit record highs, adding pressure for businesses and households.
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