Hanover investors' $500 million is tied up in a vast spread of partly built luxury housing estates and resorts - one still a hole in the ground.

House prices continued their upward momentum last month.

A big chunk of the surviving finance company sector is unlikely to outlive the retail deposit guarantee.

Investors in Hanover Finance will not now get all their money back and are instead likely to receive 70c in the dollar over five years.

Auckland property prices surged nearly 6 per cent in October, says real estate company Barfoot & Thompson.

Rising house prices and interest rates have combined to weaken home loan affordability to its worst level since December 2008.

Failed major developments in New Zealand are piling up, like the Soho Square project in Ponsonby which is now mocked as 'Sohole'.

A former NBR Rich List Aucklander says a $100 million debt led to him being declared bankrupt.

A shortage of properties listed for sale, which was thought to have been a factor in rising prices, looks to have eased last month.

Queenstown developer Rod Nielsen's business practices should be restricted and he must bear responsibility for commercial irresponsibility, says the High Court.