
Investments in buildings on up
The value of New Zealand investment buildings sold last year was back to pre-global financial crash levels.
The value of New Zealand investment buildings sold last year was back to pre-global financial crash levels.
An 8.6 per cent stake in giant listed landlord and Sylvia Park owner Kiwi Income Property Trust is now in play.
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.
The ground floor of the first block of Auckland apartments to rise since the global financial crisis is due to be poured on Saturday.
Rules slash number of low-deposit mortgages but house buyers still encouraged to ask.
Much-publicised, long awaited changes to Auckland's canyon-like Federal St car rat run.
Finance companies could make a comeback in the wake of the Reserve Bank's clampdown on low deposit lending by banks.
Experts say tighter mortgage lending rules will only a partially ease house prices, writes Jamie Gray.
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.
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 salvaged property from his "crumbling" businesses, secured hundreds of thousands of dollars for his family and managed his bankruptcy on his own terms, the High Court has been told.
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.