The number of new homes approved for construction in August was up 17 per cent, the second month of increases, with retirement units and earthquake-related replacement homes lifting the numbers, says Statistics New Zealand.
The departure of hotel operator Westin from Auckland strengthens the position of Hilton Auckland, a hotel consultant says.
Macquarie analyst says greater cost may come in the long term.
An independent director of Argosy Property Trust has attacked DNZ Property Fund's use of the media to further its cause in seeking to take over Argosy.
Troubled Wellington property developer Terry Serepisos has been given a bit more time...