Drury development: Auckland Council face off against developers over $1 billion infrastructure hole
Auckland Council says it will oppose plans by developers Kiwi Property, Fulton Hogan and Oyster Capital to redevelop Drury unless they can reach an agreement by next year to fund a $1 billion shortfall for infrastructure in the area.Public... More
OneRoof surges ahead of rivals in September
In New Zealand real estate's biggest month for sales and listings, OneRoof.co.nz outpaced its rivals, with record numbers of Kiwis turning to the property site for listings and information.OneRoof grew 44 per cent in September and... More
Housing boom could get worse, economist warns
By RNZ Economists are calling on the Reserve Bank of New Zealand to reinstate lending restrictions, warning the housing market is spiralling out of control.In May, the Reserve Bank temporarily removed loan to value ratio (LVR)... More
Hottest 10 real estate suburbs across Christchurch revealed
It was hard-hit by the Christchurch earthquakes but a decade on Huntsbury is soaring as property values go through the roof.The suburb at the base of the Port Hills, where the first sections were sold in January 1920, leads the... More
Would you live here? Converted shed 'not fit for human habitation' now certified
A couple caught out living in a shed converted to a "tiny house" were told to strip it back to its original condition to comply with council laws. But after seeking intervention from the Ministry of Business, Innovation and Employment... More
Luxury lodge bought illegally by Chinese businessmen goes back on sale
A multi-million dollar lodge boasting its own waterfall and helicopter pads - and which had previously been illegally bought by Chinese businessmen - is back on the market .Kourawhero Mountain Lodge spans 100 acres of heritage... More
How permanently low interest rates are killing the home ownership dream for many
Originally published by The Spinoff Super-low interest rates are a blessing to those already on the housing ladder. For those still renting and without a deposit, it is yet another nail in the long-sealed coffin of potential home... More
Auckland landlord could lose house after failing to pay $180,000 costs
A former landlord who was handed one of the largest fines on record for repeated law-breaking could have her house seized because she has failed to pay back money owed.Widharni Iskander, also known as Debbie, was fined $180,000... More
$178.3m deal by Centuria-owned Augusta to buy Visy Glass Penrose plant
Recently-sold Augusta Capital has struck a $178.3 million deal to buy a Penrose manufacturing and distribution plant leased back to the previous owners on a 20-year term.Mark Francis - managing director of Augusta now delisted from... More
Wellington's historic Farmers department store redeveloped
Wellington's historic Farmers department store on Cuba St has been given a new lease on life, after languishing at less than 5 per cent of the New Building Standard (NBS).Willis Bond has spent $60 million redeveloping the building... More