Embattled property developer Nigel McKenna has suddenly ditched a creditors' compromise scheme.

Angry unit owners condemn PPP model promoted as future of state housing

Property developer David Henderson averted bankruptcy this morning to allow him and his creditors time to discuss another proposal that could stop Inland Revenue's application.

Some Christchurch suburbs will be left as virtual residential wastelands, while townships on the city's fringe are bracing for an influx of new residents.

Loophole means ratepayers are liable to homeowner and developer, says council

BNZ and Kiwibank have joined the other banks and cut mortgage rates.

Real estate agents will be sticking pins into Mike Pero wax dolls, says one industry commentator, as the entreprenuer cuts commission rates for his new venture.

A warrant has been issued for the arrest of Blue Chip's Mark Bryers for non-payment of a fine.

They won't advertise it, but many real estate agents are already offering cut-price commissions in a bid to secure sales, says a leading property commentator.

Demand for rental property in Auckland is at crisis point, with some houses now attracting as many as 200 would-be tenants.