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Property values now 5pc below 2007
Property values across NZ have fallen 1.4pc since March, with big city valuers reporting a lack of well presented, quality properties on the market.
Auckland house prices, listings up
Auckland house prices rebounded during September, after falling the month earlier, figures released by Barfoot and Thompson show.
Grand Albany pipedream in tatters
One of NZ's largest and most speculative property investment visions on leasehold land - Albany City Property Investments - is in tatters.
More Westin rooms to shut as receivership fight continues
The Westin hotel is "making the best of a bad situation" as a dispute between the owners and receivers rumbles on.
Queenstown least affordable for homes
Auckland and Queenstown have again been confirmed as having the most unaffordable housing for locals.
$500m pulled from NZ commercial property in two years
Nearly half a billion dollars of overseas funds has left the investment property market in New Zealand since 2008, says new research.
Henderson seeks deal on paying creditors
Auckland property developer David Henderson is seeking approval for a plan to pay his creditors in a bid to avert bankruptcy.
Property: Common sales tactic backfires - research
A common tactic used to lure buyers is causing longer sales cycles and more misery for owners, new research suggests.
Top-end prices take battering in recession
The real estate storm has seen prices fall by as much as 25 per cent.
House sales stay in the dumps during August
The real estate sector stayed gloomy in August, with sale numbers slumping and prices barely changed.
Two more Hubbard trusts in statutory management
Two further trusts established by Allan Hubbard have been put into statutory management, Commerce Minister Simon Power announced today.