Dunedin Television|On Demand - Freeview|HD Channel 39 - Thursday, April 24th, 2014


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Page icon Reserve Bank increases official cash rate

The Reserve Bank this morning increased the official cash rate, as expected, by 25 points to 3%. Reserve Bank governor Graeme Wheeler says inflationary pressures are becoming apparent in the economy, especially in construction and other non-tradable sectors. As well, he says the bank does not believe the high exchange rate is sustainable. ›read more

Page icon Visitor arrivals down in March

Visitor arrivals to New Zealand in March were down 6% compared with the same month last year. But the drop of more than 253,000 has been explained by the later timing of Easter, and later school holidays in key countries. Statistics New Zealand says school holidays in the United Kingdom, Hong Kong, and some Australian states coincide with Easter. ›read more

Page icon News cars on the horizon for New Zealand

A new Nielsen Media Research study shows 52% of New Zealand online consumers plan to buy a new or used car in the next two years. By far the most -42%- plan to buy a used vehicle, while 10% plan to buy new. The company says New Zealanders' appetite for used cars is stronger than Europe where 28% plan to a buy used car, and Australia, at 24%. ›read more

Page icon Labour releases tax policies

Labour says it will introduce a capital gains tax if elected to government in September. The tax would be part of a manufacturing policy the party says will get investment into productive businesses rather than the housing sector. The policy, released today, would also introduce research and development tax credits. ›read more

Page icon Tobacco behind consumer price index rise

A jump in tobacco prices was the main driver of a 0.3% consumer price index rise in the March quarter. Cigarette and tobacco prices rose 10.2%, following an 11.3% rise in excise duty in January. Statistics New Zealand says without cigarettes and tobacco the CPI showed no change in the quarter. ›read more

Page icon Tobacco behind consumer price index rise

A jump in tobacco prices was the main driver of a 0.3% consumer price index rise in the March quarter. Cigarette and tobacco prices rose 10.2%, following an 11.3% rise in excise duty in January. Statistics New Zealand says without cigarettes and tobacco the CPI showed no change in the quarter. ›read more

Film icon. Betterways' loss another developer's gain

Dunedin Mayor Dave Cull has labelled claims the Dunedin City Council did not communicate with the developers of the $100 waterfront hotel as "completely untrue". The city was left dealing with the fallout today, following the sudden and unexpected dumping of plans for the controversial building. But city and business identities say Betterways' loss may be another developer's gain. ›see story

Page icon Local farm sales up from last year

Some buyer resistance to prices is emerging in the Otago rural real estate market, despite solid localised activity for sheep and beef farms. That came through in the Real Estate Institute of New Zealand's rural report for the three months to March. Nationwide there were 1,842 farms sold in the year to March, 28.5% more than the year before. ›read more

Page icon Hotel may be dead in the water

Dunedin's multi-storey harbourside hotel appears to be dead in the water. Just before this bulletin went to air, development company Betterways sent a copy of a letter noting a memorandum of understanding deadline had passed. The company signed the memorandum with the council earlier this year, amid hopes the $100 million project could find a way forward. ›read more

Page icon Regional Council to consider handing over bus network

The Otago Regional Council will this week consider handing over the city's bus network to the Dunedin City Council. A report to a meeting of the ORC says staff meetings have been held in the last six months to study the issue, after the DCC expressed interest in the idea. ›read more

Page icon March comeback for services sector

New Zealand's services sector had a comeback in March, after an unexpected dip in February. The BNZ-BusinessNZ performance of services index shows the sector, which accounts for about two thirds of the economy, had a reading of 58.3. A reading of 50 or higher indicates the sector is in expansion, while a reading below 50 indicates a contraction. ›read more

Page icon Home sales in Dunedin down

The volume of home sales in Dunedin in March was down 16% compared with March last year. However statistics for the month from the Real Estate Institute of New Zealand show the median price across Otago rose by $17,500. Institute director Liz Nidd says first home buyers remain cautious and investors are also taking a wait-and-see approach. ›read more

Film icon. Warehouse precinct work under budget scrutiny

Budget pressures on a Dunedin City Council upgrade of the historic warehouse precinct mean work near the former chief post office is in doubt. The council will debate the issue on Monday, and may be keen to keep the work going in an area on the rise. ›see story

Page icon Screen industry revenue drops 4%

Revenue in New Zealand from the screen industry dropped 4% last year compared with 2012. But Statistics New Zealand says it remained above the $3b mark. Most of the downward movement came from the production and post-production sector, which fell $190m. That was partly offset by a $70m increase in broadcasting and exhibition revenue. ›read more

Film icon. Dunedin MP plans to keep growing petition to save Invermay

A Dunedin opposition MP plans to keep growing his petition to save Invermay, despite it reaching 5000 signatures. ›see story

Film icon. Major retailer leaves Roslyn

Roslyn shopping village is running short on shops, as a major retailer leaves the suburb. ›see story

Page icon Retail spending flat despite economic upswing

The economy may be on an upswing, but retail spending using electronic cards was flat in March. Statistics New Zealand says spending was unchanged after a 0.8% increase in February. Across all industries in March there were 119 million transactions, with an average value of $52. The total amount spent was $6.2b. ›read more

Film icon. Nightly interview: Regan Johnston

A Dunedin architect recently won a major design award for the Taieri Mouth crib he both designed and owned. ›see story