There was 7.3pc increase in house listings last month, but a big glut of unsold real estate is still weighing heavily on the market.

Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."

Auckland property developer Patrick Fontein has been declared bankrupt.

A real estate agent who bought a $1.27 million home with a complete stranger was a victim of an elaborate property scam and has been left with a $600,000 debt.

A former Auckland Barfoot & Thompson real estate agent has been found guilty of mortgage fraud totalling $13 million.

REINZ has reported 3903 properties were sold last month - the lowest October total since its records started in 1992.

The long-term lease and boutique visitor accommodation business within Queenstown's historic Eichardt's Private Hotel looks set to be bought for less than $1 million by American billionaire Julian Robertson.