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Centuria's $169m takeover for Augusta goes unconditional, acceptances on 65% of shares

ASX listed Centuria Capital has declared its takeover for NZX listed Augusta Capital unconditional, saying it now has acceptance on 65 per cent of the shares.Augusta shareholders get 22c in cash and 0.392 Centuria stapled securities...

Source: - Property | 9 Jul 2020 | 8:48 am

Why are quake prone buildings any different to leaky homes?

Owners of apartments in earthquake prone buildings say the Government should foot some of the bill for strengthening costs, like the leaky homes bailout.It's a contentious issue because a grant involves a transfer of taxpayer funded...

Source: - Property | 9 Jul 2020 | 5:28 am

Property market recovering, but September will be the true test

COMMENT: The Herald's Cooking the Books personal finance podcast is here to get you the tips you need to weather the financial storm. Hosted by Frances Cook, with a new expert on each episode. It's a time for cautious hope for...

Source: - Property | 9 Jul 2020 | 5:00 am

Watch: Bird's-eye view of new rail station for City Rail Link

The Link Alliance has shown progress on the new Karangahape train station as part of New Zealand's biggest infrastructure project.Aerial footage of the new station for the $4.4 billion City Rail Link gives a view above Beresford...

Source: - Property | 8 Jul 2020 | 6:45 am

$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

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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