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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.
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Auckland house prices, listings up
Auckland house prices rebounded during September, after falling the month earlier, figures released by Barfoot and Thompson show.
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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.
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Queenstown least affordable for homes
Auckland and Queenstown have again been confirmed as having the most unaffordable housing for locals.
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$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.
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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.
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Top-end prices take battering in recession
The real estate storm has seen prices fall by as much as 25 per cent.
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House sales stay in the dumps during August
The real estate sector stayed gloomy in August, with sale numbers slumping and prices barely changed.
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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.
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<i>Bruce Morris:</i> Is now a good time to buy?
The answer depends on your motives, writes Bruce Morris.