Hallenstein Glasson's positive profit guidance has been music to the ears of investors.

The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.

Receivers say they will make a payout to investors of between 1.5c and 2.5c in the dollar within the next 4 weeks.

A "do-nothing" sentiment is gripping the property market and the number of house sales is down a third from a year ago, says the valuation agency QV.

Strategic Finance's trustee has appointed liquidators to the failed property lender - saying they will have wider powers than the receivers to scrutinise deals made.

For the 240 investors in Fiji's Denarau Hilton, the past 18 months have been anything but paradise.

House prices firmed up last month, but turnover stayed low said the Real Estate Institute.

Allied Farmers says it will not be making a $5 million payment to Hanover Finance.

About 10,000 new homes need to be built in NZ to keep pace with population growth and ease the current housing squeeze, a new report shows.

The manager of National Property Trust has bowed to unitholder pressure and stepped aside.