Whanganui business news

Govt considering 'demolition' for Chateau Tongariro, deemed a ‘fiscal risk’ in Budget 2025
Options are being investigated for the site, 'including demolition'.

‘Dream a bit more‘: Whanganui tea company partners with Air New Zealand
Kaputī Studio will receive a $20,000 cash grant and 12 weeks of mentoring.

Jenée Tibshraeny: Willis delivers 'true blue' Budget
ANALYSIS: Budget requires Kiwis to do more to save for their retirement.

Glimmer of hope for Chateau Tongariro restoration as former lessee accounts for $5m provision
A door may be opening at the Chateau: Hope for repair funds and operator interest.

'Past the first hurdle' - Fletcher Living on progress at $500m The Hill
Fletcher bought site in 2021, earthworks now advanced, first four homes nearly finished.

House prices down in most regions in year to March
Prices either static or falling throughout NZ, only six areas had price rises lately.

‘Intimidated, threatened’: Rogue arborists cause alarm
Police advise residents being targeted to 'close the door and not engage with the person'.

Grand designs: Historic hotel under new management
'I don't believe in doing something quickly and messing it up.'

$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Asset values up only $100m since 2022: New report on 10 biggest iwi
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report

Bremworth proposes laying off 47 staff amidst major restructure
“It was very quiet ... a lot of people were crying."

‘Prime location’: Plenty of suitors for sprawling CBD property
'We would hear out any offer that came our way but we want something fitting.'

‘A huge moment’: Te Matatini’s cultural impact on Taranaki
More than 70,000 visitors are expected in New Plymouth during Te Matatini.

Why property investors are turning to short-term rentals for gains
Auckland's average daily rate for Airbnb is just over $290, the highest in NZ.

‘Totally different’: Avenue Hotel restaurant rebuild begins
Work will be completed by the end of the year.

Skifield buyer Whakapapa Holdings potential operator for Chateau Tongariro
Whakapapa Holdings is interested in operating the currently decaying heritage building.

Three top new residences which won 2024 architecture awards
Outstanding designs displayed in Whanganui, Ōtautahi and Wānaka residential buildings.
Business news around NZ

How the 'retail heart' of Pāpāmoa is about to get bigger
The new development will offer 3800 square metres for up to eight retailers.

Forestry report: Export log prices provide winter relief – Marcus Musson
Opinion: June brought the highest export log prices for winter's first month since 2021.

Mary Holm: Should I pay off my student loan or invest in an index fund?
OPINION: You need to consider interest, taxes and fees.

Market close: NZ sharemarket falls as Israel-Iran tensions spike oil prices
New Zealand share prices tumbled after Israel attacked Iran.

'Pretty positive': Fieldays vendors thrive as farmers invest
Farmers flocked to Fieldays, boosted by high milk and red meat prices.

Israel-Iran attack: AA says petrol price panic pointless
'Rocket and feather’ effect one to watch, motorist adviser says.
More local business news

Century-old Waverley business for sale
The SH3 store stayed within the same family for 100 years.

Businesses elevate work opportunities in Whanganui
A three-way collaboration is taking industry training to a new level.

Aerowork’s 75-year celebration a family affair
Aviation history was highlighted at Aerowork's 75-year celebration on Saturday.

‘Tough news’: NZME proposes to close 14 local newspapers, with the loss of 30 jobs
Herald owner says community titles are no longer profitable in changing media landscape.

Whanganui friends and business owners create unique Rēwena Gin
'It’s more than a drink when there’s the connection of whānau.'

Hopes property developer will snap up shopping centre
'It’s the first time it has come to the market for about 55 years.'