Requirements could outstrip demand over four years, reports Colin Taylor.

Expat marketing and IT millionaire Tim Williams is building one of New Zealand's biggest and most expensive houses.

NZ's residential property sector remained subdued last month with permits for new construction edging up from a slump in May, while commercial property extended its decline.

The number of consents issued for new home building nudged up 1.7pc in June.

The publicity-shy Spencer family have been banned from building two sleek new architect-designed houses on their Waiheke Island estate.

Preparations are under way for NZ's largest corporate relocation with Telecom's new $280m Auckland headquarters nearly finished.

The ink is almost dry on a deal to finally revamp Auckland's tired Victoria Park Market.

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