Summerset sales up 18pc but buyers take longer to sell houses in falling market
Company has not been immune to the falling housing market.
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Latest fromBuilding & Construction
House construction inflation sets new annual record
Despite a recent slowdown the overall trend is one of surging costs.
After seven-year struggle, $317m Ryman plans approved
Rollercoaster ride for $317m estate continues, but project opponents already grumbling.
What’s stopping tiny houses from helping solve housing crisis?
Three major complications appear when people try to make their dream a reality.
Summer questions: Clive Mackenzie and holiday shopping magnet Sylvia Park
Some big challenges ahead but Kiwi Property in "strong position" to navigate any slowdown.
Auckland’s historic Wintergarden gets new lease of life with $7.5m makeover
Seismic strengthening will also make the popular attraction safer for visitors.
Summer questions: See opportunities in challenges
'Now is the time for preparation and planning,' Leonie Freeman says.
NZ's busiest housing developer holding $152.4m of investor funds longer
"Adverse market conditions" cited in letters to wholesale investors
Retirement village law under spotlight for potential reform
Probe comes following widespread calls for change in the sector.
FMA suspends The Property Crowd licence for non-compliance
Business 'has a poor understanding of its regulatory obligations'.
Redundancies climb: Developer goes from 204 to 125 staff
Business adjusting to coping with slower demand.
House prices, building costs stall $300m retirement village plans
As retirement village stocks get hammered, huge Parnell project stalled.
Boaties ‘devastated’ by decision allowing $300m+ Bayswater Marina project
"The only significant North Shore marina" - opponents fight back.
$300m+ Bayswater Marina plans win consent
Commissioners backed the Herberts' revised scheme.
RMA overhaul to narrow anti-social housing objections
New laws 'comply with the Bill of Rights Act' - David Parker.
Podular Housing Systems’ failure: High Court confirms liquidators’ legitimacy
Parties went to court seeking a judgement against 5 per cent shareholder.
Home dreams in peril: Shareholder opposes Podular liquidators' appointment
Creditors due to meet soon to discuss the situation.
283 building company liquidations in 11 months
'This is only a sign of worse things to come': National MP Andrew Bayly.
SkyCity Adelaide sued: Will NZ casinos be probed after Australian charges?
Austrac listed customers whose occupations didn’t match their high spending.
Both parties welcome Eke Panuku conflict of interest probe result
Conflict of interest procedures could be improved, auditor says.
Modular, off-site house building: angel or demon?
OPINION: Our editorial on the re-fab house construction sector.
Winstone Wallboard ditching rebates to customers
Winstone 'surprised' commission needs a third investigation.
Who's claiming $5.2m from Podular Housing Systems?
Councils and an airport company among those listed as creditors.
Podular creditors owed $5.2m: $2m deposits taken for homes not started
There is alarm about how the company was being run and liquidators will investigate.
Fletcher's first retirement village units up
Village beside where Fletcher Living has built more than 400 homes.
Problems at upmarket retirement village, chimneys stripped as delays hamper schist shipment from China
"About 60 or 70 chimneys that need cladding,"
Schist happens: Watch out, Santa
Santa could contend with defective schist chimneys this Christmas.
Why house prices could fall 22% instead of 18%
Why downward house price momentum could be yet to ease.
French island cited in Takapuna apartment scheme's profile
Precedent used to illustrate profile: Mont-Saint-Michel.
$3.4b landlord Kiwi Property Group declares $151.1m net loss, but rental income up
Poor real estate market brings pain, but Kiwi buoyant about mixed-use community prospects.
Wynyard Quarter neighbours at loggerheads over blocked views
'People had no idea they would be looking up at a concrete wall.'
After the Gib crisis: Govt unveils new building materials taskforce
'We know we are facing a period of global turmoil,' says Woods.