Fewer than half of New Zealand business leaders feel positive about their own performance, with expectations for improvement sliding to a record low this quarter.

Home values fell across every Australian capital city last quarter, the sharpest decline on record, as high borrowing costs continue to weigh heavily on buyers nationwide.

Developers behind a proposed gas-fired power plant for a data centre in Moss Vale, New South Wales, have told a court they now want the site connected to the electricity grid instead. The plant could sit idle within two years if the amended plan is approved.

ANZ economists say New Zealand's housing bubble has largely deflated after two years of price corrections. The bank expects only mild further declines nationwide, with Reserve Bank interest-rate moves still shaping buyer affordability.

An Australian mining company is pursuing a fresh approach to gold exploration in New Zealand's Golden Bay after its earlier bid on conservation land was turned down.

Dry spring weather across New Zealand's dairy regions has pushed wholesale milk prices higher, widening the gap between powder and fat products.