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ASB to offer controversial reverse mortgages
ASB has announced it will be the first major NZ bank to offer asset rich but cash poor customers reverse equity mortgages.
Real estate agents head to China to sell NZ's top homes
This $8.8m property in Auckland's Castor Bay is one of the houses being marketed at a six-day showcase in Shanghai.
Phone running 'red hot' says anti land-sales campaigner
Tony Bouchier says his phone has been ringing red hot with support for a campaign to stop NZ farms being sold overseas.
Viaduct Capital receiver expects to recoup 28c to 33c
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.
Property investment takes big hit in new survey
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.
Mystery over Five Mile Allied Farmers finance
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.
House sales drop to 10-year low
A top economist says the property market is "stuck in neutral at best", but REINZ says property prices in the main centres are holding up well.
How property prices can drop 4pc (and almost everyone wins)
It's really easy to cut out the middleman.
House price fall of 4.1pc predicted in new report
A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.
Kiwibank joins rivals, lifts rates
Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.
<i>Bernard Hickey:</i> Ten reasons why house prices have 10pc to fall
The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.
Strategic Finance receivers say repayment due early Sept
Receivers say they will make a payout to investors of between 1.5c and 2.5c in the dollar within the next 4 weeks.
National house prices: How you fare
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 property 'stuck in neutral'
Auckland house prices held firm in July, but the number of sales slipped, new numbers suggest.
May Wang owes company $2.5m, court told
A court was told this morning that businesswoman May Wang owes the company Latitude Asia $2.5 million.
Strategic Finance trustee calls in the liquidators
Strategic Finance's trustee has appointed liquidators to the failed property lender - saying they will have wider powers than the receivers to scrutinise deals made.