![Watchdog exits with warning](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Watchdog exits with warning
The next big financial disaster to hit New Zealand investors could involve a collapse in house prices or the sharemarket, says departing investment watchdog boss Sean Hughes.
The next big financial disaster to hit New Zealand investors could involve a collapse in house prices or the sharemarket, says departing investment watchdog boss Sean Hughes.
A financier has sold 65 Quay Park apartments and eight shops and offices on Maori land to a developer in a multimillion-dollar deal.
Rules slash number of low-deposit mortgages but house buyers still encouraged to ask.
The ground floor of the first block of Auckland apartments to rise since the global financial crisis is due to be poured on Saturday.
The number of first home buyers in the market since the introduction of new Reserve Bank mortgage restrictions last month has plummeted, real estate agents are reporting.
A Kiwibank mortgage manager has been reined in after wrongly telling a customer it was pulling low deposit pre-approvals.
Much-publicised, long awaited changes to Auckland's canyon-like Federal St car rat run.
A four-bedroom home in Epsom has sold for more than $1 million - or 82 per cent - above valuation.
The Government has set a deadline of 20 years for assessing 193,000 buildings for earthquake risk and strengthening them.
The board and investors in NZX-listed Goodman Property Trust struck an upbeat note at yesterday's annual meeting in Auckland.
My partner and I have been living in Australia since the start of the year because we can save more here than we could ever in New Zealand for a house.
Luxury retailer Saks has agreed to sell itself to Hudson's Bay Co, the Canadian parent of upscale retailer Lord & Taylor, for about US$2.4 billion.
Plans by the Labour Party to exclude foreign buyers from the housing market have sparked more calls for restrictions and warnings about the risk of damaging the country's relationships with its major trading partners.
It's risky policy for a liberal, left-of-centre party because it leaves them open to accusations of xenophobia, writes Liam Dann.
Jamie Peters was put up in a $1200&-a-week Remuera house by a company that almost a year earlier had cancelled the bankrupt property developer's employment agreement.
More than $300,000 from the sale of a $2 million luxury yacht ended up with a company directed by his father-in-law, a court heard yesterday.
A former rich-lister is back at the High Court today, fighting to be discharged from bankruptcy - one of 24 the Official Assignee has objected to releasing.
A Bankrupt Kiwi property developer is still living in a 660sq m Las Vegas home despite defaulting on its $2.8 million mortgage four years ago.
The housing crisis in areas like Auckland is not a by-product of migrants buying up residential properties, Immigration Minister Michael Woodhouse says.
The Reserve Bank has announced it will lift the ratio of deposits to loans in order to take the heat out of the housing market, writes Gareth Morgan.
Australians are contributing to New Zealand's skyrocketing house prices, with new research showing they bought more property than any other overseas group.
There is no good reason for Jamie Peters' bankruptcy to be extended as he faces Official Assignee claims he still has control of significant assets.
Ex-rich-lister Jamie Peters entered into a finance agreement on a luxury car at a time when he was unable to pay debts when they fell due, the High Court heard today.
Almost $650,000 from the sale of a boat that Jamie Peters had personally used ended up in a bank account which the ex-rich-lister accessed during his bankruptcy.