Scam victim left $600k in debt
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 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.
The NZ property market has plateaued, with a rise in new listings failing to boost the market.
Homes are at their most affordable in six years - apart from in Auckland, where the average weekly mortgage is more than $570 a week.
A fees fight has broken out between the Govt's real estate agent organisation and the Real Estate Institute.
Property values across NZ have fallen 1.4pc since March, with big city valuers reporting a lack of well presented, quality properties on the market.