Dream home horror: Buyer stuck with $100k in damage
By Frank Chung A Sydney homeowner who bought a house only to discover more than A$100,000 (NZ$108,000) worth of damage has warned property-hunters to pay closer attention to their pre-purchase inspection reports.The buyer, who... More
Ingham family sell luxury beach-pad
A stunning waterfront home owned by the Auckland based Ingham family is on the market in Australia.Greg and Barbara Ingham, who made their fortune in chicken farming and horse racing, are selling their beachfront holiday home in... More
Auckland apartments, rest home wired with fire risk cable
By Carla Penman An Auckland apartment block and a retirement village under construction are the latest buildings to be discovered fitted with potentially dangerous electric cabling.Worksafe is investigating Lyon Electrical Limited... More
Pre-Christmas CBD mall opening plans flop: Precinct delays opening
Plans to open Auckland's biggest new CBD shopping mall before next Christmas have flopped and most of the shops will not now open until after the festive season in 2019, according to the developer.In its annual result presentation... More
Auckland, Wellington in top 10 global retail rent rise chart
If you thought online retailing was killing the mall, think again - two New Zealand cities have featured on a new list of the world's top 10 areas for retail rent growth.Consultants and agents CBRE said Auckland and Wellington had... More
Wellington to get country's first rental housing Warrant of Fitness
A voluntary rental housing Warrant of Fitness scheme is being introduced in Wellington, but campaigners hope it's the first step towards a mandatory scheme. The Herald understands Wellington Mayor Justin Lester will announce the... More
Wet and mouldy: Southern Cross Campus
Ten years after leaking buildings were identified on Auckland's Southern Cross Campus students are still studying in damp, mouldy classrooms. Meanwhile the Government's partial redevelopment of the composite school could see junior... More
A piece of Japan for sale in Hokianga
Looming in the misty sky above a secluded peak in Hokianga rose a red apparition that paid homage to traditional Japanese architecture It was this view of the five-storey house reminiscent of the traditional Japanese-style rural... More
Auckland's amazing apartment boom: Who's behind it?
The businesses behind thousands of new Auckland CBD and suburban apartments have been identified in a new study.John Polkinghorne, an associate director of Auckland property consultants RCG, compiled the list of businesses for web... More
Precinct Properties lifts FY profit 17pc, upbeat on development pipeline for 2018
Precinct Properties New Zealand, the listed commercial property investor, increased annual profit 17 per cent and was positive about the current financial year as it completes its development pipeline. It's also considering issuing... More
Mortgage broker says bridging finance 'impossible' to get
An Auckland mortgage broker says lending restrictions are making it "impossible" to get bridging finance through banks, making it harder for people to move houses.Bridging finance is typically used to fund a higher amount of debt... More
Housing affordability for renters in Auckland city sees slight improvement
Housing affordability has remained virtually unchanged across the country according to the latest measure from the MBIE.Affordability for renters in Auckland city improved slightly between June 2015 and March 2016, while affordability... More
Farm sales volume drop as winter bites while prices gain on upbeat mood
Fewer farms were sold in the three months through July as difficult winter conditions dented activity, although prices lifted due to improved farmer confidence, the Real Estate Institute said.Across the country, 392 farms were sold... More
Fletcher's turn around after disastrous $204 million loss: Chairman Sir Ralph Norris explains
Fletcher Building has made significant changes to its troubled Building + Interiors business so the disastrous $204 million construction losses are not repeated, its chairman said today.At a briefing in Penrose following the release... More
Refurbished Eden Terrace character properties
Two extensively converted and award-winning character properties in Eden Terrace, Auckland, that provide attractive showroom, studio and office space, are for sale separately or together. "Both properties will be untenanted next... More
Top tenants with five Dunedin industrials
Five properties with high profile tenants are for sale in the growing business location of North Taieri, Dunedin including some leased to Fonterra and Honey Products NZ."They are for sale either individually or together, providing... More
Diana Clement: Park your investment
The humble carpark can be worth a small fortune - up to $105,000 including GST in Auckland's CBD. Often, but not always, carparks are sold with apartments or commercial property.They can really boost the purchase price for buyers... More
Former Mahia campground once embroiled in controversy now in mortgagee sale
By Andrew Ashton for the Gisborne Herald More than a decade after they were made, the lonely streets of Blue Bay at Mahia could at last have homes for company.Real estate agent Bayleys is offering 35 sections across a 2.9ha area... More
Reserve Bank should be looking at LVRs, PM says
Prime Minister Bill English has hinted that the Reserve Bank should consider removing restrictions on mortgage lending. English said today that there had been a "correction" in the New Zealand housing market, and that "raised the... More
Westpac sees 'muted' house-price rises in coming years
Economists at one of New Zealand's largest mortgage lenders have predicted a flat to muted housing market for the next few years.A new Westpac report out today has a gloomy national outlook for the housing sector.The report, signed... More