House prices are booming around New Zealand - with the average price of an Auckland city home rocketing to $735,692, up 12 per cent over the past year.

The official unemployment rate has fallen to 6.2 per cent, the lowest for three years, whereas six months ago it was 7.3 per cent, the highest for 13 years.

Economic reality has claimed Britain's poshest greengrocer, Prince Charles' organic vegetable store.

Labour leaders will today discuss how they plan to implement a plan to deliver 10,000 affordable starter homes every year for 10 years.

Wellington is a city facing challenges and great competition from Auckland but commentators say it is by no means "dying" as Prime Minister John Key has claimed.

Expectations of house price inflation have hit a record high in ASB's quarterly survey, while the numbers who consider it a good time to buy a house continue to fall.

Prime Minister John Key has offered "an unreserved apology'' to any Wellingtonian offended by his comment that the capital city was "dying".

As Auckland approaches a statistical high of 200 different cultures in its workforce, it is becoming increasingly important for businesses to effectively manage employee diversity.

As competitors evolve and customer needs change overnight, innovation has become a basic requirement for organisations to survive.

Average house prices in Auckland fell from a record high last month, snapping a three-month advance as more properties came to market, according to new statistics.

Insurance will represent a significantly higher share of the cost of living and the cost of doing business from here on, writes Brian Fallow.

Shares in the Fonterra Shareholders Fund rallied to their highest ever point today after the co-operative announced that it plans to cut 300 jobs.

Asking prices for property in New Zealand reached an all-time high last month, according to new figures.