Du Val Group was ‘technically insolvent’ last September
Liabilities were $21.4 million ahead of assets in the last financial year.
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Latest fromResidential Property
Deemed too risky: ‘Crucial’ housing plans delayed 10 years
The housing development is expected to offer homes for 15,500 people.
'Immensely challenging' - Mitre 10 head office bosses on problems paying suppliers
'Interfacing between new and legacy systems while we transition to our new platform.' CEO
Beachfront property at risk of eroding into the sea sells at auction
A buyer has bought the Haumoana property which boast spectacular views - with a catch.
What Fletcher Building might declare in half-year result next week
Gearing could be at the top end of the range and dividends to shareholders could drop.
'Living hell': Owners of The Ridge apartments try to sell entire building
Seven-level block with 60 car parks advertised 'as is': apartment owners try to exit.
The value of financial assets owned by 10 big post-settlement iwi
Asset returns decreased and half the iwi reported financial losses.
The prominent Herne Bay residents opposing Watercare’s sewer plans
Business people, investors and many others cite reasons to stop sewer project proceeding.
Residential building consents fall from all-time high
Just 80% of consents result in construction now, down from 95% previously: one estimate.
'They’re building a ghetto': Residents unite in opposition to Kāinga Ora's plans
A meeting of 80 residents has agreed the proposed development is too intense.
'Where is the money?' Creditor of Auckland house builder asks question
A subcontractor complained he was owed more than $80,000.
Hospital architect unveils repurposed glasshouse home
Dunedin Hospital architect Tessa Kingsbury has popped the champagne in her new home.
Put a bung in it: Former homeowner tells new owner after $17k leaking pool claim
The ad said: "Beautiful homestead complete with swimming pool for those hot, sunny days."
Vermin and stench: Some NZers living in ‘homes unfit for human occupation’
Agencies described rundown homes cluttered with rubbish and infested with vermin.
Vacant $50m property in central Auckland vandalised as former owners look for a new home for the disabled
The new board at Laura Fergusson Trust is now looking for a new facility in Auckland.
Property Insider: $33m Auckland block bought pre-election for scrapped light rail
'Irresponsible' said Simeon Brown of the rail business buying so close to the election.
Hero to zero? Buyers cautious about Auckland's stunning cliff-top homes after slips
Property values took a hit as a result of extreme weather events.
Six of NZ's flashest homes on the market right now
If you could have any dream home, would it be one of these?
Cheap as: 2023 – the year of price-slashing, mortgagee sales and $1 reserves
How the bottom of the market performed in one of the most difficult years for real estate.
2023′s biggest house sales revealed - ‘Buyers have money and options’
Luxury residential sales have sailed along largely unscathed in the rarefied air.
Reality of high interest rates sets in economy-wide
Bank data shows SMEs and commercial property owners are doing it particularly tough.
Third major bank cuts home loan rates before Xmas
More mortgage rates could be heading south early in the New Year.
Cyclone Gabrielle: First two homeowners accept buyout offers
Across Napier and Hastings, 147 properties were too unsafe to live in.
Christmas joy: $5.4m Parnell repairs, owners get keys back
Chubb New Zealand insured units where repairs were carried out by Tauranga’s Align Group.
Property Insider: New marae, waananga planned for Te Motu a Hiaroa/Puketutu Island
Next major step in rehabilitating the debased landscape where maunga were removed.
Watch: Wayne Brown claims Auckland property owners 'blackmailers' over coastal walk
Brown's fiery clash with property owners caught on camera.
$200m retirement village, luxury hotel gets green light near Arrowtown
'Do you want to live in a multi-level retirement apartment in the middle of a paddock?'
Court rejects $176k costs claim for Aotea Square apartment
'Disappointment' as court finds John Love's company wasn't entitled to the extra money.
Three retirement village issues NZ Shareholders Association is considering
'More transparency in cash-flow reporting: something we’re happy about, some way to go.'
Property Insider: Catholic college in Drury to open; Downtown Carpark alternative
St Ignatius of Loyola to have nearly 340 pupils when it opens in February.
Financier debt on failed Dawn Park apartment project declared at $53.4m
High interest rates and rising costs of labour and materials blamed for Dawn Park trouble.
Mary Holm: How did our homes get to be so big?
OPINION: Houses have been gentrified out of reach for some people to buy, a reader says.
Subterranean lakeside pad unveiled for multimillionaire
Global wellness leader speaks about his staggering new project on Lake Wānaka's shores.
Skin cancer clinic hit by property deals, falling patient numbers
Owners had a home but decided at the peak of the market to buy a lifestyle block.