Westin Hotel company in receivership
Receivers have taken control of the company which manages one of Auckland's top hotels, the Westin Lighter Quay.
AdvertisementAdvertise with NZME.
Latest fromProperty Investment
Allied Farmers says it won't pay Hanover $5m
Allied Farmers says it will not be making a $5 million payment to Hanover Finance.
Building consents fall 9.5pc in May
The number of consents issued for new homes fell 9.5 per cent during May, following a 13.4 per cent rise during April, Statistics New Zealand says.
May Wang increases payment plan to 6c
May Wang has upped her payment to creditors in her failed property development company to 6c in the dollar.
May Wang creditors say yes to 2c payout plan
May Wang's creditors have "overwhelmingly" voted in favour of a repayment plan that will see them get 2c in the dollar back.
NZ needs 10,000 new houses - report
About 10,000 new homes need to be built in NZ to keep pace with population growth and ease the current housing squeeze, a new report shows.
St Laurence's National Property manager steps aside
The manager of National Property Trust has bowed to unitholder pressure and stepped aside.
<i>Mary Holm</i>: Sell or rent? Look at the big picture
Personal finance writer Mary Holm shares her best advice and tips.
<i>Bernard Hickey: </i> Why house prices will fall 15 per cent
New Zealand's housing market is running out of puff.
Property market weak, prices fall 1.4pc in May
House prices fell 1.4 per cent across New Zealand in May, according to the latest REINZ Monthly Housing Price Index, released this morning.
Allied Farmers wins $6m in LA property litigation
Allied Farmers says it's been awarded $6m from a long running legal dispute around a Beverly Hills property development.
Households need to do more, says Bollard
New Zealanders should do more to address economic imbalances, especially external debt, says the Reserve Bank.
No landlord exodus from Budget, finds survey
Fears of a mass investor exodus from the property market as a result of Budget tax changes have failed to materialise, but many landlords are ready to put up rents.
Allied Farmers does deal to sell Five Mile
Allied Farmers says it has has conditional agreement to sell the second stage of the Five Mile property development in Queenstown.
Hotchins sell slice of paradise
The tropical playground-style Parnell mansion of wealthy Hanover co-founder Mark Hotchin is said to have sold for about $4 million.