Latest fromResidential Property

Caughey Preston sale set to settle to Chinese businessman
Remuera ex-rest home site sale said to be nearer $70m, settling this Friday

New survey: How residential landlords are feeling about the property market
So how are landlords feeling? The answer, in a nutshell, seems to be: a little gloomier

Glimpse into Auckland's future: $133m regeneration plans
Car fans probably won't like this glimpse into Auckland in the future - brace yourselves.

Rising house values earning owners more than their jobs
People 'earning more on paper from simply having a property than going to work every day'.

'Industry has a serious problem': Building boss frustrated by disputes
Mediation and adjudication have almost become a necessity, says a building boss.

Paralympian stranded under tough new level 3 rules
Aucklanders homeless after being unable to leave for new houses or jobs in other cities.

Ten-year home leases? Build to rent pioneer proposal
Land availability and prices, rising construction costs, poor infrastructure are barriers

$1b Commercial Bay a year on: How is retail faring?
"My expectation is people will come from offshore and go, wow, you guys nailed it."

Apartment developer in strife: Lost $35m, owes another $17m
Apart from the $35m loss, West Village owes unsecured non-preferential creditors $17m.

Kiwi Property questioned over $442m plans - but not on Ikea
Some property insiders think Kiwi wants to bring New Zealand's first Ikea to Sylvia Park.

Stride Property pulls Fabric Property IPO
Now is the right time to list in spite of Covid and lockdowns, CEO said last week

Kiwi Property plans 540 build-to-rent Auckland units at Sylvia Park, LynnMall
The dual development will cost around $442 million.

Attention deficit disorder contributed to misconduct offence - real estate agent
The work he undertook wasn't minor in nature and certainly required a licence - tribunal.

Auckland construction workforce back by Wednesday
'Quite a big loss of building materials and equipment due to theft' - Julien Leys.

Cambridge retirement village for 400 people wins consent
Site on the town's northern limits is now open pastureland

The 90% Project: Businesses incentivise 25,000-plus staff to be jabbed
"Vaccinations are the best tool we have to plot a path back to normality", says one CEO.

High-flyers: Crane numbers up 6% in Covid-defying expansion
Tāmaki Makaurau's building sector has been particularly strong in the past six months.

'Shocking and disappointing': Developer on 660% fee hike
New Auranga township had tens of millions of dollars invested in it by Ma's company MADE.

Level 4 hit: House sale numbers drop to lowest level since 2014
Lockdown started 11.59, August 17: sales affected for nearly half the month.

Covid lockdown: Workers' pay might soon be cut, says building chief
Building businesses "may need to start reducing pay for workers in Auckland".

'Properties available for sale will decrease': REINZ chief
An extension couldn't come at a worse time, with spring a traditionally busy period.

Too close to power? Vector, WorkSafe v developer
Either sink power cables into the ground or build a new power pole: solutions offered.

Sale of 727-home Ormiston Rise project due today
Purchasers' life savings and deposit money are locked in with the current contracts.

'Incredible increase': 360% to 660% Drury developer fee rise proposed
"Incredible increase will directly impact cost of housing," building industry CEO says.

Airport to build 120-shop discount outlet centre
Experts see it as a good move for the airport to diversify.

Court appoints liquidators over $50m Warkworth loan dispute
Two Waterstone Insolvency liquidators join BDO receivers to run land-owning company.

'Two New Zealands': Many homeowners couldn't afford their own houses if they were buying now
'It's not about how much money you earn, you're sort of in or you're out.'

Retail leader named to head NZ retirement giant
Umbers is now based in Melbourne but starts later next month

$20,000 fine for illegal rural land purchase
Those involved had not sought permission, required under the Overseas Investment Act.