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Opponents lose Appeal Court attempt against Waiheke's first commercial marina

The Court of Appeal has rejected a legal challenge against a proposal to build Waiheke Island's first commercial marina, refusing to allow opponents to try to have a High Court ruling overturned.SKP (Inc) has long been fighting...

Source: nzherald.co.nz - Property | 3 Dec 2020 | 11:00 am

Education Minister Chris Hipkins takes aim at University of Auckland over $5m Parnell house

The Education Minister has taken aim at the University of Auckland after the Government's financial watchdog panned the purchase of a $5m Parnell mansion for its vice-chancellor.The university bought the four-bedroom luxury home...

Source: nzherald.co.nz - Property | 3 Dec 2020 | 6:00 am

Wide-sweeping retirement village law change mooted, owners reject suggestion

Wide-sweeping changes are recommended to the multi-billion dollar retirement sector, home to a "vulnerable" population estimated at 43,000 people.Retirement Commissioner Jane Wrightson's office today released a discussion paper...

Source: nzherald.co.nz - Property | 3 Dec 2020 | 6:00 am

University's $5 million Parnell mansion purchase panned by watchdog

The University of Auckland's controversial purchase of a $5 million Parnell mansion for its boss has been slammed by the Government's financial watchdog.The university bought the four-bedroom pad in November last year as a home...

Source: nzherald.co.nz - Property | 2 Dec 2020 | 3:42 pm

Complaints against real estate agents hit 10-year low but consumer issues during deals rise

Complaints against real estate agents have hit a 10-year low, the Real Estate Authority says but the percentage of consumers who had issues or problems during transactions has risen.In the 2019/20 year, 288 formal complaints were...

Source: nzherald.co.nz - Property | 2 Dec 2020 | 12:43 pm



Barfoot & Thompson figures: Nearly half of all Auckland homes sold in November priced over $1m

The latest figures from Auckland's biggest real estate agency showed that nearly half of all the city's homes sold in November changed ownership for more than $1 million. "The average price at which homes are now selling, compared...

Source: nzherald.co.nz - Property | 2 Dec 2020 | 11:02 am

Ex-Facebook president Sean Parker can buy a third of Weta Digital

Facebook's first president, billionaire Sean Parker, has won consent from New Zealand's Overseas Investment Office to buy a third of Academy Award-winning Weta Digital which made The Lord of the Rings and Avatar possible.In a decision...

Source: nzherald.co.nz - Property | 1 Dec 2020 | 7:50 am

IRD cracks down on residential property investors shirking tax rules

By RNZ Inland Revenue is cracking down on residential property investors who have sold without paying tax on the profits.The department is matching tax returns with property transactions and is contacting who might be affected...

Source: nzherald.co.nz - Property | 30 Nov 2020 | 8:47 pm

New Zealand already has a capital gains tax - you probably just didn't know it

Prime Minister Jacinda Ardern might have ruled out bringing in a capital gains tax, yet there is already a tax on the books that could do the job instead.That's according to two University of Auckland researchers, who say section...

Source: nzherald.co.nz - Property | 28 Nov 2020 | 6:11 pm

Black Friday: Bunnings shuts big $49.2m Mt Roskill warehouse, cites earthquake risks

On this Black Friday retail bonanza day, Bunnings has suddenly shut a big $49.2 million Auckland store after engineering advice about seismic issues.A statement just issued from Australia described problems at the property, owned...

Source: nzherald.co.nz - Property | 27 Nov 2020 | 12:20 pm



Wellington house sales: Lack of maintenance poses future risk when market slows

The sale of unmaintained houses poses a risk for buyers once the market slows down, a Wellington real estate agent says. CoreLogic data released this week shows 99 per cent of Wellington houses sold in the third quarter, sold for...

Source: nzherald.co.nz - Property | 27 Nov 2020 | 9:30 am

Wellington flat labelled an '$800 dungeon'

A central Wellington flat needing tenants has been ripped apart by critics on Facebook - with some labelling it an "$800 dungeon" that "smells like depression".The Marion St flat is listed at $815 per week, has four bedrooms and...

Source: nzherald.co.nz - Property | 26 Nov 2020 | 11:02 am

Argosy Property half-year net profit up 50% on revaluation gains

Argosy Property's half-year net profit rose 50 per cent on the back of strong revaluation gains, rising from $76 million last year to $114.5m this year.Gross rental income increased from $50.2m to $53.3m and the company, which recorded...

Source: nzherald.co.nz - Property | 26 Nov 2020 | 9:40 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz 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: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 30 Mar 2020 | 2:35 pm









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