Treasury Secretary John Whitehead says the rental property tax scheme creates the wrong incentives.

Sellers appear to be in denial over asking prices with a glut of new homes on the property market strong favouring buyers, says realestate.co.nz.

The easing of mortgagee sales is still some way off with the January figures up 31 per cent on the same month last year.

Shareholders in rural services company Allied Farmers stand to lose out over an estimated $24 million mortgage on the Jack Nicklaus-designed Kinloch Golf Club near Lake Taupo.

The Blue Chip failure changed the lexicon. A 'blue-chip' opportunity will never mean the same again in New Zealand. Phil Taylor traces the decline and fall of the company.

Blue Chip founder Mark Bryers is believed to have access to at least $1 million in trusts, despite the collapse of his business empire.

Revenue Minister Peter Dunne has tipped a new property investment tax and lower personal taxes in this year's Budget.

Supermarket, health and retirement businesses are queuing to buy Soho Square, Ponsonby's Strategic Finance-funded five-level eyesore.

The average Kiwi has to work nearly three times harder to pay off the average house than they did 50 years ago.

House prices were stable in February, says the Real Estate Institute, while the number of properties sold recovered from a poor January.