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Developer 'barely survived' on $80k
Former rich-lister Jamie Peters has told the High Court he "barely survived" using $80,000 from a friend's bank account.
Former rich-lister Jamie Peters has told the High Court he "barely survived" using $80,000 from a friend's bank account.
'It's obscene.' Housing Minister Nick Smith isn't impressed by the large gains being made by rural land owners, aided by the "straightjacket" of city boundaries.
If house prices start rising faster, it can require lenders to reduce the proportion of the property value they are prepared to lend, writes David Mayes.
A Metropolis penthouse owner paying $28,000 a year in body corporate fees has put his place on the market for $3.5 million.
Residents in Auckland five-star tower Metropolis are paying $3.25 million in annual body corporate fees but a further $4 million is needed from them for a big repair job.
A rural village in West Auckland is set for a boost of 330 new homes.
Asian business migrants looking at moving to New Zealand are being urged to invest in real estate to secure their residency.
Owners of apartments in Auckland's five-star Metropolis tower are pitted against one another in battles which have ranged from cat-keeping to who sits on the body corporate.
Standard & Poor's, the global credit rating agency, has put eight local banks on notice over the rising risk of a housing bubble bursting in New Zealand.
Residential rents could rise and historic buildings might be abandoned, say property chiefs who have mixed feelings about real estate changes in the Budget.
Market players were left unimpressed by a big profit rise at NZX-listed landlord Goodman Property Trust, saying management were the only ones gaining financially.
Fourteen apartments, starting from $1.25 million, will be built on the Ponsonby Bowling Club site in Herne Bay in Auckland.
In the last quarter of 2012, there were 461 mortgagee sales, 11 per cent down from the previous quarter and 24 per cent less than the same quarter the year before, according to statistics released today by Terralink International.
A Property For Industry investor is waiting for more information on a proposal to almost double the size of the $382.2 million NZX-listed business.
Business editor Liam Dann is stumped as to what possible benefit the rise in the value of his house offers him.
A national building industry conference has been told that seismic fears are now dominating the sector.
The steady recovery in the commercial and industrial markets of 2012 is expected to increase momentum through 2013, says Bayleys research manager Gerald Rundle.
The voluntary administrators of a beleaguered Australian firm, which froze more than $100 million of Kiwi investments, have softened a statement regarding meeting creditor and investor obligations.
Auckland Council has voted to stay in an organisation that calls itself the voice of commercial property - after rejecting pleas that citizens see a conflict of interest.
A large slice of prime beachfront real estate is shaping up as the next battleground for those opposed to multilevel housing.
New Zealand property prices rose last month but a supply shortage in some regions is starting to takes it toll on overall sales volumes.
Rental property is back on top as the most popular place for people to invest their money despite a stellar run from the New Zealand sharemarket last year.
Developers of two huge residential schemes knocked back by authorities in Auckland last week are vowing to fight for their right to build and are heading to the Environment Court.
If it ever occurred, writes Andrew King, any existing home owner who previously had less than 70 per cent equity in their home would probably lose it to a mortgagee sale.