Banking giant HSBC will soon be able to sell Ivan Erceg's $6m Henderson boat yard after the High Court approved orders to remove chattels from the property today.

The NZ property market has plateaued, with a rise in new listings failing to boost the market.

The Statutory Managers for Hubbard's say investors could receive only 60 per cent of what was on their March 2010 statements.

Corporate turnaround man Sandy Maier is no longer working for South Canterbury Finance and has been paid a confidential settlement to finish early.

Investors in failed Strategic Finance could get as little as 12 cents in the dollar after bids for the firm's loan book fell short of expectations.