About 100 staff at the Auckland's five-star Westin hotel are losing their jobs as most of its rooms are shut down.

Westin Hotel's receivers are planning to shed up to 100 staff, throwing Rugby World Cup visitor plans into disarray, say investors in the property.

The number of new listings fell for the fifth straight month last month, fuelling talk of a looming property shortage in our biggest city.

ASB has announced it will be the first major NZ bank to offer asset rich but cash poor customers reverse equity mortgages.

Tony Bouchier says his phone has been ringing red hot with support for a campaign to stop NZ farms being sold overseas.

A total of 110 Viaduct Capital secured depositors are owed NZ$7.8 million, including accrued capitalised interest. Under the Crown retail deposit guarantee 94 depositors owed NZ$7.3 million are covered.

A new survey shows the number of New Zealanders interested in investing in residential property has declined significantly, for the first time in several years.

The man behind the $27m purchase of a Queenstown property development from Allied Farmers is declining to say how the deal is being financed amid speculation Allied may be helping him.

A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.

Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.

The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.

Receivers say they will make a payout to investors of between 1.5c and 2.5c in the dollar within the next 4 weeks.

A "do-nothing" sentiment is gripping the property market and the number of house sales is down a third from a year ago, says the valuation agency QV.

Auckland house prices held firm in July, but the number of sales slipped, new numbers suggest.