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Former Whangārei mayor Stan Semenoff in court for alleged illegal rubbish fire
by [email protected] on May 25, 2022 at 6:13 am
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... […]
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'Waiting for the guillotine to fall': How interest rate hikes are affecting borrowers
by [email protected] on May 25, 2022 at 3:00 am
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... […]
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Kiwi Property Group profit up 14pc: Sylvia Park expansion, revaluations boost bottom line
by [email protected] on May 22, 2022 at 9:00 pm
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... […]
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Property: Pain predicted to outweigh gains in house prices
by [email protected] on May 22, 2022 at 6:14 pm
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... […]
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Budget 2022: National's Christopher Luxon would axe property tax, makes wages gaffe
by [email protected] on May 20, 2022 at 4:15 am
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... […]
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Lower revaluations push Oceania Healthcare profit down 29%, operating revenue up
by [email protected] on May 19, 2022 at 10:05 pm
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... […]
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Ryman Healthcare profit up 64 per cent, retirement giant makes $692.9m in full-year result
by [email protected] on May 19, 2022 at 9:00 pm
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... […]
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Asset Plus profit falls 81 per cent: expenses up, rent down, revaluations negative, tax bill up
by [email protected] on May 19, 2022 at 7:19 pm
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,... […]
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Budget 2022: First-home buyer caps changed, affordable housing funding
by [email protected] on May 19, 2022 at 2:00 am
KEY POINTS: • First-home grant house price caps jump, by as much as $275,000. • Covid industry support package modified to fund affordable housing. For aspiring first-home buyers, price and income caps will now be... […]
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Warehouse demand, revaluations drive Goodman Property Trust full-year profit up 18%
by [email protected] on May 18, 2022 at 9:00 pm
Rising demand for warehouses and logistics centres and strong revaluations drove listed landlord Goodman Property Trust's net after-tax profit for the past year up 18 per cent, to $748.6 million.The business, with $4.8b of real... […]