Drop in profit for giant landlords
Two of New Zealand’s biggest commercial and industrial landlords have this morning reported half-year results down on last year.
Two of New Zealand’s biggest commercial and industrial landlords have this morning reported half-year results down on last year.
A 157 per cent Auckland Council rates rise and a 140 per cent operating costs increase have been blamed for the axing of guaranteed rental returns on a city apartment block.
It's time the Reserve Bank found a way to rein in New Zealand's biggest landlords, writes Bernard Hickey.
October was a crazy month for financial markets.
House values throughout New Zealand rose 1.1pc in the past three months, the slowest rise in two years, according to QV data out.
Alan Wallace is an accidental property investor, signing a deal to sell a 16ha East Tamaki site for more than $40m after paying $630,000 for the real estate 21 years ago.
An economist says China's plans to ease the restrictions its citizens face when investing overseas will see more Chinese money flowing into NZ's property market.
Watercare Services has hit back at a developer who accused it of charging too much for Auckland residential subdivisions.
Barfoot and Thompson has just released its annual landlord survey - and it revealed most are planning to put rents up by about 5 per cent.
Owning your own home is the "Kiwi dream" but it's becoming out of reach for a lot of people. But fear not, here's ten reasons why you might prefer to stay renting.
Westpac has changed its business model after discovering landlords are on the rise with their share of house sales up from 37 per cent a year ago to 42 per cent last month.
Aucklanders have been gifted a new $5 million-plus conservation reserve the size of Cornwall Park, spanning a 10km beachfront at Te Arai near Mangawhai.
House hunters desperate to secure their dream home are risking financial disaster by signing unconditional purchase agreements before their current property has sold.
The developer behind a controversial $10 million marina project that will divide Waiheke Island says investors can "kiss their money goodbye" if the project is scrapped.
A specialist apartment real estate agency boss is starting up a new business to encourage people to become landlords by finding, buying and managing Auckland residential properties.
Landlords are complaining about banks calling in loans from one property when another is sold.
Auckland International Airport's vast Mangere land bank rose in value by $734 million between June 2011 and June 2014.
New Zealand's biggest builder is about to start a $40 million makeover at its own global headquarters, after buying its headquarters back from Tauranga's Carrus Corporation.
Authorities are giving up the fight to put former property developer Jamie Peters back into bankruptcy and will withdraw their case against him from the Court of Appeal.
Homeowners are often portrayed as millionaires-in-waiting, but investing in property is not easy, writes Andrew Bruce.
Ngati Whatua Orakei Whai Rawa has paid slightly under $70 million for a new Auckland office block with a council valuation of $35.5 million
A wealthy Hong Kong family have bought three office towers in Auckland's CBD for $65.5 million in one of the biggest property deals of the year.
New Zealand's third-largest retirement village operator, increased first-half profit at a slower pace as it focuses on developing villages for future growth.