Stephen Martin, Senior development manager, Todd Property Group, is talking about Long Bay, where the business has completed three seasons of earthworks on its large land holding. Towards the end of this year, the first houses will rise there.

An Auckland inner-city advocate has hit back at mall owner Westfield over its rates rise complaints.

Two former Capital+Merchant directors would have received 80pc of the profits from a property they are accused of improperly using investor funds to refurbish, the High Court has been told.