Waiheke landowner loses zoning battle
Waiheke's biggest landowner has lost a challenge over the zoning on parts of its holdings on the island's eastern tip and on a nearby island.
Waiheke's biggest landowner has lost a challenge over the zoning on parts of its holdings on the island's eastern tip and on a nearby island.
A three-bedroom North Shore "do-up" has earned its owner nearly $1000 a day - just shy of the salary of a High Court judge - in Auckland's red-hot property market.
The average Auckland home earned nearly $230 a day in the past year - about twice what the average worker made in their job.
The Reserve Bank is considering options to make it harder or more expensive for residential property investors to get bank loans.
Regulatory moves to curb bank lending to residential property investors are a live possibility, says Reserve Bank deputy governor Grant Spencer.
Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.
For the first time in a single month, 10 per cent of all properties sold around the country went for more than $1 million.
New mortgages to Australian landlords dropped the most in three years in February, signalling an easing in the speculator demand for housing that had concerned the Reserve Bank of Australia.
Sales prices increased almost 4 per cent since February, taking the average price of a residence in Auckland to an all-time high of $776,729.
Houses in eight Auckland suburbs south of the CBD topped national value rises, up a "whopping" 17.9 per cent annually, according to QV data just out.
Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.
A property developer's family trust that bought 9000sq m of land in an exclusive Queenstown subdivision must repay $740,000 to liquidators after losing a High Court fight that involved fraudulent....
Part of troubled housing development empire Tribeca Homes has been placed into liquidation by creditors.
Shopping around for a mortgage could save New Zealanders up to $28,500 over the lifetime of a loan, according to a new survey of home lending.
Former high-flying multibillion-dollar developer Nigel McKenna is working on Auckland's big state house overhaul.
It's valued at more than $1.5 million and situated in the sought-after Grammar zone - and it could be all yours for just $1. But there's a catch.
The Reserve Bank has taken a step closer to treating residential investment properties differently from owner-occupied ones.
A new $300 million 800-unit Albany project, promoted as New Zealand's largest residential apartment development, has just been announced. Martin
Building activity has reached its strongest growth rate in almost 15 years and is up sharply in the latest quarter, but critics say it is still not helping relieve Auckland's housing crisis.
Auckland house values are up by 43.8 per cent on the last boom in 2007 - but a valuer is warning that off-the-plan buyers are not always recovering their money.
Former Blue Chip boss Mark Bryers returns to the witness box today as the High Court continues its look at his application for discharge from bankruptcy.
Former Blue Chip boss Mark Bryers is seeking discharge from his bankruptcy in the High Court at Auckland today.
The lakeside drive from Queenstown to Glenorchy lives up to its billing as one of New Zealand's most scenic roads - it just gets better at every bend as the north Wakatipu basin reveals....
Investors in property syndicates formerly run by SPI have been told to close ranks to the media.
In the last year, Auckland house prices were up 16 per cent and it is expected pressures will build up house prices even more.