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$1.27b Metlifecare takeover suddenly announced, Asia Pacific lowers offer from $1.49b

Asia Pacific Village Group's takeover of New Zealand's second-largest retirement village owner and operator is suddenly back on in an unexpected move, with the price only lowered by $1 a share reducing it from a $1.49 billion deal...

Source: - Property | 6 Jul 2020 | 8:55 am

The battle for Paritai Drive: Landlord and tenant in court over unpaid rent stoush at $3m home

A stoush between a tenant and landlord over more than $10,000 in unpaid rent and allegations of anti-social behaviour and harassment at a rental property on one of Auckland's most prestigious streets has ended up in court.The property...

Source: - Property | 5 Jul 2020 | 9:21 am

Wellington apartment owners headed for 'financial disaster'

Wellington apartment owner Michael Cummins is facing a $400,000 earthquake strengthening bill effectively "wiping out" his retirement plan. His situation is echoed across the capital as hundreds face sleepless nights, losing their...

Source: - Property | 4 Jul 2020 | 2:56 pm

Auckland Council seeks permission to delay CV revaluation for year

Aucklanders will likely have to wait until next year to find out their home's new capital value after the council sought permission to delay its citywide revaluation process. A source of fascination to property-mad Aucklanders,...

Source: - Property | 4 Jul 2020 | 5:00 am

Covid 19 coronavirus: Pandemic costs Arvida Group $3m, sales fall, costs rise

The pandemic cost listed retirement business Arvida Group $3 million, sales fell, construction sites were shut for months and Government subsidies didn't offset extra expenses, shareholders heard today.Peter Wilson, chairman of...

Source: - Property | 3 Jul 2020 | 10:16 am

Landlord claims he was punched in the back of head, but fails in bid to evict tenant

A Bay of Plenty landlord has failed in his bid to evict his tenant, despite alleging his tenant's partner clocked him in the back of the head with a punch.Des McLean told a Tenancy Tribunal hearing he visited the property on Onslow...

Source: - Property | 2 Jul 2020 | 7:38 pm

Historic Hamilton house bulldozed as squatters forced to leave for good

A historic house lived in by squatters trying to save it from demolition is now a pile of rubble.The 106-year-old house at Memorial Drive in Hamilton East was at the centre of a public stoush between a group of people living there...

Source: - Property | 2 Jul 2020 | 4:40 pm

Barfoot & Thompson data: Auckland house prices, volumes up

Auckland house sale volumes by the city's largest agency bounced back last month and average prices rose $6000 during the 30 days.Peter Thompson, managing director of Barfoot & Thompson which sells more than 40 per cent of residential...

Source: - Property | 2 Jul 2020 | 9:05 am

NZ's biggest hotel owner reveals multimillion-dollar rebuild

Why would New Zealand's biggest privately owned hotel business spend millions redeveloping when the country's borders are shut and tourism has ground to a halt globally?An executive of a business with about 30 hotels in New Zealand...

Source: - Property | 2 Jul 2020 | 8:10 am

Sir Ron Brierley gets Overseas Investment Office consent to sell stake in Orams Marine business

An Australian company has won government consent to buy assets from Sydney-based multi-millionaire octogenarian businessman Sir Ron Brierley, who faces criminal charges in that country.This week, the Overseas Investment Office released...

Source: - Property | 2 Jul 2020 | 7:57 am

$59m Biggs divorce ends in settlement

One of the country's most expensive divorce cases between a former Queenstown couple has ended in a settlement.The multimillion-dollar case between Sophie​ and Tim Biggs began at Auckland's High Court last week, with the husband...

Source: - Property | 30 Jun 2020 | 6:29 pm

NZ's biggest corporate shift starts next month: Precinct names moving date for 3400 tenants

New Zealand's biggest corporate relocation will begin later next month when 3200 people will begin moving into the new $1 billion PwC Tower on Auckland's waterfront.Scott Pritchard, chief executive of NZX listed Precinct Properties,...

Source: - Property | 30 Jun 2020 | 6:35 am

Three steps Kiwi Property Group plans next: capitalising on half of Aucklanders renting

New Zealand's largest listed property business, with $3.1 billion of real estate, has a three-pronged strategy for success and half of Aucklanders renting plays a part in that. Kiwi Property Group started its virtual annual meeting...

Source: - Property | 29 Jun 2020 | 10:31 am

Revealed: Impact of the lockdown on the nation's housing market

New data has revealed the financial impact of the lockdown on the nation's housing market and identified the best and worst-performing regions.Data crunched by OneRoof and its partner Valocity shows New Zealand property values have...

Source: - Property | 29 Jun 2020 | 5:00 am

Media glorifies NZ government’s pro-business response to the pandemic - SEG

The corporate media internationally has hailed the response of the Labour Party-led government in New Zealand to the COVID-19 pandemic.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 15 Apr 2020 | 10:07 am

Committee to continue asking questions NZers want answers to - Simon Bridges

The Epidemic Response Committee will resume on Tuesday to continue probing the Government’s response to Covid-19, Opposition Leader Simon Bridges says.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 9 Apr 2020 | 2:01 pm

Mortgage deferrals will not affect customer credit ratings - NZBA

Anyone who has deferred their mortgage repayments for up to six months because they are financially impacted by Covid-19 will not have their credit rating affected as a result of the deferral, provided they were not in arrears before the pandemic.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 9 Apr 2020 | 10:44 am

The Co-op Bank confirms no rebate payments for financial year ended 31st March

Due to the materially different economic environment New Zealand now faces as a result of the COVID-19 pandemic, the Board of Directors of The Co-operative Bank - a customer owned bank - has agreed that the Bank will not be paying a rebate for the financial year ended 31st March 2020.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 8 Apr 2020 | 9:31 am

Expanded large scale asset purchases - RBNZ

The Reserve Bank of New Zealand has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). This represents approximately 30 percent of the total LGFA debt on issue, and takes the total size of the LSAP to $33 billion over 12 months.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 7 Apr 2020 | 3:38 pm

Reserve Bank's 'quantitative easing' repeats the mistakes of others - Positive Money

Those who do not learn from history are doomed to repeat it and our Reserve Bank has chosen to repeat a costly mistake, says Positive Money national spokesperson Don Richards.

Source: RSS Feed: Items matching search string ""Reserve Bank"" | 7 Apr 2020 | 11:42 am

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

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

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

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