Property

by [email protected] on February 18, 2020 at 8:03 pm

Fletcher Building made $82 million net profit after tax for the latest half-year, down on the $89m it made previously, but chief executive Ross Taylor said the outcome was in line with the company's expectations and those set at the... […]

by [email protected] on February 18, 2020 at 5:00 pm

House prices are being tipped to grow by as much as 10 per cent this year and put questions of affordability firmly back in the election spotlight.It comes as Auckland prices and house sales leapt to highs not seen in the month... […]

by [email protected] on February 18, 2020 at 2:58 am

Retailers in New Zealand's biggest group of shopping centres got nearly 40 million customer visits in the year December 31, 2019.Scentre Group, which owns 51 per cent of five New Zealand malls in a venture with Singapore's GIC,... […]

by [email protected] on February 18, 2020 at 1:43 am

The coronavirus outbreak is prompting Chinese to investigate buying New Zealand properties as boltholes, according to a Chinese website, despite this country's foreign buyer ban.Georg Chmiel, executive chairman of Juwai IQI, said:... […]

by [email protected] on February 17, 2020 at 11:05 pm

Auckland house prices might be eye-wateringly high, but that is not stopping millennials and retirees getting a foot on the property ladder for as little as $50,000.That's according to Martin Dunn, managing director of real estate... […]

by [email protected] on February 17, 2020 at 10:51 pm

Residential rents are rising, mortgage interest rates are sinking and house prices have just been forecast to rise more steeply this year than originally expected.Dominick Stephens, Westpac chief economist, today also revised his... […]

by [email protected] on February 17, 2020 at 10:07 pm

By RNZ The Real Estate Institute's house price index - which measures the changing value of property in the market - rose 7 per cent in the year to January to a record high of 2922.The volume of sales in Auckland rose 9.7 per... […]

by [email protected] on February 16, 2020 at 10:59 pm

A refined focus on industrial property is paying off for Property for Industry, lifting annual profit 60 per cent in the first year of a refreshed strategy. The property investor reported a net profit of $176.3 million in calendar... […]

by [email protected] on February 16, 2020 at 9:37 pm

US billionaire Julian Robertson's plans for a luxury lodge on Auckland's Waiheke Island are being assessed by Auckland Council after his representatives applied for resource consent before Christmas. The application was lodged just... […]

by [email protected] on February 15, 2020 at 9:18 pm

He's the world's richest man – so it's only fitting he now owns California's most expensive home.Earlier this month, the New York Post reported Amazon founder Jeff Bezos was house hunting with girlfriend Lauren Sanchez, with the... […]

by [email protected] on February 14, 2020 at 3:13 am

A stunning strip of coastal South Island land filled with forests, beaches and spectacular limestone cliffs is up for sale for $22.5 million.The eventual buyer will take-over 330 hectares of west cost peninsula land close to Golden... […]

by [email protected] on February 14, 2020 at 1:30 am

The cost of Transmission Gully – a four-lane, 27-kilometre motorway - may blow out to more than $1 billion after the New Zealand Transport Agency agreed to pay the contractor another $190.6 million.Contractor Wellington Gateway... […]

by [email protected] on February 13, 2020 at 9:25 pm

Mould in cars trapped beneath the fire-damaged NZ International Convention Centre in Auckland could be dangerous to people's health, a specialist has warned.Tim Dorrington, technical manager of Papamoa Beach-based Mould Inspections,... […]

by Fuseworks Media on February 13, 2020 at 9:11 pm

Building its understanding of Te Ao Māori will result in the Reserve Bank better serving Aotearoa New Zealand, said Assistant Governor, Christian Hawkesby. […]

by [email protected] on February 13, 2020 at 5:31 pm

New Zealand's skyrocketing house prices should be driven down by introducing a capital gains tax and stopping rich people borrowing too much money, a new paper by a leading think tank says.The dizzying price rises had been a goldmine... […]

by [email protected] on February 13, 2020 at 1:00 am

A giant American commercial real estate company that leases offices has struck its first New Zealand deal, taking Auckland CBD premises owned by developer Andrew Krukziener.Balder Tol, WeWork's Australia and New Zealand manager,... […]

by [email protected] on February 12, 2020 at 11:00 pm

The Government has announced a massive new funding package for emergency housing that includes 1000 extra places for homeless families and individuals.The $300 million package released this morning aimed to reduce the use of motels... […]

by [email protected] on February 12, 2020 at 10:55 pm

After 115 days, around 180 vehicles remain trapped beneath the fire-damaged NZ International Convention Centre in Auckland, according to the head of the business which owns the property.The vehicle graveyard is yet to be disturbed... […]

by [email protected] on February 12, 2020 at 7:06 pm

Casino, restaurant and hotel business Sky City Entertainment has hugely boosted its reported net profit after tax by making $328 million, up nearly 300 per cent on the previous $82.8m.But normalised net profit after tax, which excludes... […]

by Fuseworks Media on February 12, 2020 at 9:01 am

Clear requirements for ensuring customers are treated fairly by banks, insurers and other financial service providers are included in new financial conduct legislation that passed its first reading today. […]

by Fuseworks Media on February 12, 2020 at 3:19 am

The Reserve Bank has confirmed 2019 was a fizzer with today’s Monetary Policy Statement estimating economic growth of just 1.6 per cent in 2019, National’s Finance Spokesperson Paul Goldsmith says. […]

by Fuseworks Media on February 9, 2020 at 9:05 pm

The Reserve Bank of New Zealand (RBNZ) has streamlined its external whistleblowing policy for those employed by regulated entities. […]

by Fuseworks Media on February 4, 2020 at 4:00 pm

The property market in 2020 has started the year just as it finished 2019 […]

by Fuseworks Media on February 3, 2020 at 10:39 pm

Better than forecast global manufacturing data lifted shares in European and US trading. Bonds and gold edged lower from recent highs, although copper continued its two-week drop and crude oil shed a further 2%. […]

by Fuseworks Media on February 3, 2020 at 2:41 am

The effects of a spike in the amount of new-build commercial office space in Auckland’s central business district and city fringes have been mostly nullified by the conversion of several older blocks into hotels, according to new property research. […]

by Fuseworks Media on January 30, 2020 at 12:18 am

New Zealand needs to use financial technology to tackle big problems in 2020, such as climate change and digital literacy, FintechNZ general manager James Brown says. […]

by Fuseworks Media on January 28, 2020 at 11:06 pm

Markets backed away overnight from an extreme pricing of the risk posed by the newly emerged coronavirus. Crude oil and share markets regained some recently lost ground, and bonds and gold softened in a correction of the recent risk sell off. […]

by Fuseworks Media on January 28, 2020 at 8:42 pm

New Zealanders waiting for hip and knee surgery and other medical procedures, families struggling to put food on the table, and the rural sector, will be funding increased profits for banks and corporate investors following the government’s $12 billion infrastructure announcement today. […]