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Covid 19 coronavirus: Almost 10pc of tenants stopped paying rent or left tenancies: landlords

Landlords say two in every 100 tenants have stopped paying rent and 6 per cent have simply left their properties. That's according to a survey of 621 rental property owners and managers by the NZ Property Investors' Federation....

Source: - Property | 3 Apr 2020 | 2:05 pm

Covid 19 coronavirus: SkyCity axes 200 jobs

SkyCity is slashing about 200 jobs in New Zealand with immediate effect, as it attempts to reduce costs.The casino giant has also stood down about 90 per cent of its Australian workforce at its Adelaide riverside property.The...

Source: - Property | 3 Apr 2020 | 10:14 am

Supreme Court upholds ruling on Hamilton realtor collusion

The Supreme Court has upheld a ruling that a group of Hamilton realtors colluded to pass on a hike in Trade Me's property listing fees.The Lodge and Monarch agencies and their respective directors Jeremy O'Rourke and Brian King...

Source: - Property | 2 Apr 2020 | 6:46 pm

Manufacturing slump, "two bad weeks", destroy sentiment - CMC Markets

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 2 Apr 2020 | 12:10 pm

Govt called on to pay the country's next rates bill - Social Credit

The government needs to step up and pay the next rates instalment to councils on behalf of property owners and businesses as part of its economic support package.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 2 Apr 2020 | 12:37 am

Covid 19 coronavirus: Property firm apologises for 'inartful' advice to avoid rent holidays

From RNZ A nationwide property management company has changed the wording of its advice to landlords wanting to offer rent holidays to tenants struggling during the Covid-19 shutdown.Property Brokers had been suggesting on its...

Source: - Property | 1 Apr 2020 | 6:56 am

Covid 19 coronavirus: House-building approval numbers hit new 45-year record

House building consenting has set a new 45-year record but what effect coronavirus will have on the multi-billion dollar sector remains unknown.StatsNZ data just out showed 37,882 new residential buildings were consented in the...

Source: - Property | 31 Mar 2020 | 11:49 am

Fair Insurance Code helps to improve understanding of insurance - ICNZ

The Insurance Council of New Zealand (ICNZ) has today launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers should work.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 31 Mar 2020 | 11:27 am

Covid 19 coronavirus: North Shore family face double rent of $1620 p/w during lockdown

A young Auckland family are pleading for compassion after being told they must pay double rent during the emergency Covid-19 lockdown totalling more than $1600 a week.And their hardship is likely to be mirrored by countless Kiwi...

Source: - Property | 31 Mar 2020 | 10:41 am

Covid 19 coronavirus: Sir John Key on why 'it's harder to get out' than into a lockdown

Ex-Prime Minister Sir John Key has raised questions about how New Zealand leaves the coronavirus Level 4 Alert, saying it will be "challenging" for this country to exit that.Talking on Mike Hosking Breakfast on Newstalk ZB, Key...

Source: - Property | 31 Mar 2020 | 8:15 am

Covid 19 coronavirus: Property Brokers tell landlords not to offer rent holidays

KEY POINTS: • Another 76 cases of coronavirus confirmed in NZ today • It brings the total to 589 since pandemic began• Family of the only woman to die in NZ of Covid-19 say her death is a 'wake-up call' • Two...

Source: - Property | 30 Mar 2020 | 7:53 pm

Covid 19 coronavirus: Over 5,000 house sales left in limbo

More than $200 million in daily residential property sales have been shelved until the end of April as buyers and sellers sit out the four-week covid-19 shutdown period.Latest estimates by the Real Estate Institute of New Zealand...

Source: - Property | 30 Mar 2020 | 3:04 pm

Working together to ensure cash-flow and confidence - NZ Reserve Bank

Te PÅ«tea Matua - the Reserve Bank of New Zealand - is working closely with the whole of government and industry to ensure financial stability.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 30 Mar 2020 | 2:35 pm

Retail banks agree to a mortgage holiday repayment scheme

Retail banks have agreed to a mortgage holiday repayment scheme for those affected by Covid-19, Minister of Finance Grant Robertson has announced.

Photo: fantasista/123RF

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 30 Mar 2020 | 12:26 pm

Covid 19 coronavirus: Many firms refuse to pay rent through the crisis

Many large businesses have unilaterally informed their landlords that they won't be paying the rent through the nation's lockdown and that could devastate the commercial, industrial and retail property sectors , the Property Council...

Source: - Property | 29 Mar 2020 | 8:00 am

Covid 19 coronavirus: Auckland man allegedly flouts lockdown with open-home showing

An Auckland property owner has been seemingly caught red-handed conducting an open home viewing just two days into the nationwide lockdown.But the homeowner says the visitors were just friends coming to see his sick wife - a visit...

Source: - Property | 28 Mar 2020 | 10:13 pm

Covid 19 coronavirus: How the rich and famous are living the lockdown

Home cinemas that stood dark for months are now in full use. Gyms are being assembled and used, sparkling pools not used weekdays are now the place to be and unopened books are being picked up. Tennis games are back on and landscaped...

Source: - Property | 27 Mar 2020 | 2:15 pm

Covid 19 coronavirus: Workers on Avatar film accuse landlord of coronavirus profiteering

Three tenants filming Hollywood's blockbuster Avatar sequel have accused their landlord of profiteering from the coronavirus outbreak by unfairly pocketing $20,000.Tenant Mike McCrae believes property owner Glenn Tulloch is being...

Source: - Property | 27 Mar 2020 | 1:33 pm

BNZ home loan deferments applications available now

Bank of New Zealand (BNZ) has announced today it is ready to accept applications for home loan repayment deferment from its customers.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 27 Mar 2020 | 12:32 pm

Covid 19 coronavirus: Free or cheaper Airbnb rentals offered to coronavirus medical workers

Airbnb says it aims to help 100,000 Kiwi and other healthcare staff around the world find convenient and safe places to stay, while they man the front lines in the fight against coronavirus. Sign up to our daily Covid-19 newsletter...

Source: - Property | 27 Mar 2020 | 10:33 am

REINZ welcomes AML guidance for during COVID-19 lockdown period

Bindi Norwell, Chief Executive at REINZ says: "We welcome the clear and concise guidance that has been issued today by the Reserve Bank, FMA and DIA in relation to how the real estate profession should deal with AML and CDD for both current and new customers.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 26 Mar 2020 | 4:54 pm

ICNZ confirms insurers here to help customers during New Zealand’s Alert Level 4

The Insurance Council of New Zealand (ICNZ) has welcomed the confirmation from the New Zealand Government that insurance is one of the identified essential services to New Zealanders during the Covid-19 Alert Level 4 period - in place from 11:59 25 March 2020.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 25 Mar 2020 | 5:10 pm

The New Not Normal, rescuing an economy - Cities and Regions NZ

The New Not Normal: An economy on life support; how can we rebound? 25/03/2020 On Monday we were pleased our daughter was able to "get outta Dodge" (well London) unscathed, we hope. We arrived to the new not normal at the airport to find that parking was free for two hours!

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 25 Mar 2020 | 9:53 am

Government, banks unite against Covid-19 - BusinessNZ

The Government’s announcement of a $6.25 billion Business Finance Guarantee Scheme for small and medium-sized businesses is a great example of collaboration in a time of crisis, BusinessNZ Chief Executive Kirk Hope says.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 24 Mar 2020 | 5:52 pm

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