Stride Property Group full-year result down 14.8pc after higher tax bill, costs
Stride Property Group's rental income rose but so too did its expenses which pushed annual profit down 14.8 per cent.Net profit after tax from the diversified landlord fell from last year's $131.9m to $112.3m in the year to March... More
Former Whangārei mayor Stan Semenoff in court for alleged illegal rubbish fire
Whangārei's former mayor Stan Semenoff claims he was not responsible for an illegal rubbish fire on one of his business properties.Northland Regional Council is prosecuting him as managing director of Stan Semenoff Group for... More
'Waiting for the guillotine to fall': How interest rate hikes are affecting borrowers
Watching interest rates begin their climb is unnervingly like "waiting for the guillotine to fall", Nick says.He and his wife's home loan repayments are rising from $1700 a fortnight to about $2350 - a $650 jump.Given they just... More
Kiwi Property Group profit up 14pc: Sylvia Park expansion, revaluations boost bottom line
Kiwi Property Group, with $3.6 billion of real estate, has released the first image of how Ikea's inaugural New Zealand store will look at its Sylvia Park centre, Mt Wellington.Kiwi has also announced it pushed up bottom-line profit... More
Property: Pain predicted to outweigh gains in house prices
By RNZ Most homeowners are still making a profit on the resale of their home, but the tide is expected to slowly turn as prices begin to drop.CoreLogic's pain and gain survey indicates 99.1 per cent of properties resold in the... More
Budget 2022: National's Christopher Luxon would axe property tax, makes wages gaffe
National leader Christopher Luxon says Labour's tax changes for investment properties would be gone "immediately" if the party won the 2023 election. Treasury forecasts published at the Budget on Thursday estimated this would cost... More
Lower revaluations push Oceania Healthcare profit down 29%, operating revenue up
Less spectacular revaluation gains were partly responsible for pushing Oceania Healthcare's bottom-line profit down 29 per cent but the retirement village business made far higher operating revenue.The $85.7 million net profit after... More
Ryman Healthcare profit up 64 per cent, retirement giant makes $692.9m in full-year result
Ryman Healthcare's profit shot up 64 per cent after big revaluation gains and the business announced $205 million plans for Rolleston and a new $350m Melbourne village.The biggest listed retirement village owner and operator on... More
Asset Plus profit falls 81 per cent: expenses up, rent down, revaluations negative, tax bill up
Falling revaluations and rent, rising expenses, an empty office building and a rising tax bill pushed the Asset Plus full-year profit down by 81 per cent.Net profit after tax fell from $15.95 million in the full year to March 31,... More