NZ Property News

Savings up but net wealth falling as total household wealth plunges by almost $90 billion

A housing market meltdown, flatlining KiwiSaver performances and mediocre share markets have sent household net wealth plummeting.Total household net wealth fell $88.9 billion during the June 2022 quarter, Stats NZ said today.  But...

Source: - Property | 20 Oct 2022 | 11:54 am

Financial Markets Authority releases wholesale property investment probe, formal warnings issued

Formal warnings have been issued to seven businesses raising millions for property schemes by making "non-compliant" documents for wholesale property investment offers.Te Mana Tātai Hokohoko, the Financial Markets Authority,...

Source: - Property | 20 Oct 2022 | 9:27 am