Real estate agents will be sticking pins into Mike Pero wax dolls, says one industry commentator, as the entreprenuer cuts commission rates for his new venture.

A warrant has been issued for the arrest of Blue Chip's Mark Bryers for non-payment of a fine.

They won't advertise it, but many real estate agents are already offering cut-price commissions in a bid to secure sales, says a leading property commentator.

Demand for rental property in Auckland is at crisis point, with some houses now attracting as many as 200 would-be tenants.

The Real Estate Agents Authority has laid charges against a Wellington property company for allegedly buying and selling property without a licence.

The receiver of South Canterbury Finance (SCF) is welcoming a council to allow a residential development on the outskirts of Christchurch.

Property values continued to fall during December, but the rate of decline has slowed, indicating that values are beginning to stabilise.

A rogue exec working for a Chinese company part owned by the Millennium & Copthorne Hotels has escaped prosecution for unauthorised property sales which appear likely to leave the NZX-listed hotelier out of pocket.