Property news


House prices down in most regions in year to March
Prices either static or falling throughout NZ, only six areas had price rises lately.

$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Retirement village vacancies rise: Ryman's chairman Dean Hamilton explains
Opening three new hospital buildings in Auckland and Hastings pushed up vacancies.

Napier keeps controversial site in strategy plan, Hastings votes no to building on fertile land
Two proposed residential development sites in Havelock North were removed from the FDS.

'They built it together': Son selling iconic winery eight years after dad's death
'Since my father died, my mother, she comes over here more to cry than anything else.'
Property news around NZ

Second time lucky: Young couple's squeals of delight after they buy real-life doll’s house
They had missed out on their dream home eight months earlier.

OCR twist: Will the Reserve Bank surprise homeowners on Wednesday?
The five things you need to know about the housing market this week.

‘Eight weddings and a funeral’ - School turned into giant family home
Couple needed a large space for their blended family but now it's time to sell.

'Expectation gap' dividing buyers and sellers in South Island's biggest city
“If buyers and sellers can get over the gap, then there's good results to be had.”

Gruesome saw death comes up during sale of ‘munted’ cottage
Previous owner died in horrible circumstances, but buyer didn't seem to mind.

Tony Alexander: Supply and demand 101 - buyers to reign supreme until 2026
Survey of agents suggests prices face downward pressure.
More Hawke's Bay Property news

JLL retirement village study: population up, companies adjust growth
Most older people do not live in such villages, even with 53,000 people there now.

Xero founder Rod Drury got $12m for his Hawke's Bay mansion
The rich-lister's home set a record for the region.

Water funding remains problem for councils
A rural mayor says there’s no incentive for councils to band together in new entities.

Are 1576 new homes heading to the scrap heap? Full list of developments on hold at KO
Future of big housing developments hangs in the balance.

Hawke’s Bay apple industry: Newcomer buys 70ha of orchards amid industry shake-up
A German-owned newcomer has bought the apple orchards in Twyford.

Flaxmere lost New World, Havelock North gets new replacement store
Opening date announced for replacement supermarket in affluent, growing area.

$150m+ investment: Where are eight new Foodstuffs North Island replacement supermarkets going?
Economic downturn didn't dent our food market: biggest owner expanding, replacing stores.

'True to their word' – infrastructure chief on Budget 2024
'Government appears to have recognised the deficit with roading and rail maintenance.'

Where new supermarkets have opened and might rise soon
Where are new stores opening? One store shut in Flaxmere but that's been eclipsed.

Real estate agent wins court dispute over commission on $6.6m sale
Station was sold between brothers' trusts in a "family arrangement".

Freedom from secrecy and shame: How a sex abuse victim has transformed her life
'Now I live a life that I thought only existed in movies or books.'

Business backing huge solar farm fails, creditors want $12.3m
Council said the venture supported its aspirations. Now, it is a creditor.

Retirement village giant unveils $335m expansion at two NZ sites
Purchases allow the business with 36 existing villages to develop two more new ones.

Cyclone Gabrielle: Infrastructure to trump housing in possible $13b repair
Rebuild unlikely to have a big impact on reversing the slowdown in residential building.

Evacuations and no power: The fate of 1000 retirement village residents during cyclone
"Mobile generators were a godsend. In our new villages, we’re building generators."

Cyclone Gabrielle: 6 Summerset villages lost power, communications
"Ran essential services on generator power, fully supplied with food and medication."

'Selling a house is not a hopeless exercise': Inside Hawke's Bay's property market
Agents say the property market is slowly, but surely, improving.

House values fall close to 10pc in a year in Napier
Lines were once out the door. Now agents are 'lucky to get two or three to an open home'.