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New housing crisis? Auckland faces another 'leaky homes' disaster, experts fear

First-time developers are cutting corners on new homes in Auckland, raising fears of a new leaky homes-type disaster in the city.Industry experts warn that "cowboys" in the trade are using inferior materials and breaking building...

Source: - Property | 17 Oct 2021 | 11:43 am

Environment Court rejects $200m plans for eight-level Mission Bay apartments, shops

The Environment Court has turned down controversial plans for an eight-level $200 million waterfront Mission Bay retail and apartment scheme in a case which turned on building height and bulk.The proposal would have seen major change...

Source: - Property | 15 Oct 2021 | 3:18 pm

Covid 19 Delta outbreak: Digger driver in $7900 Auckland-Brisbane seat today

Just after midday today, an Auckland digger operator will board an Inflite Charters nine-seater jet to fly to Brisbane on a $7900 ticket his boss bought him.Stacey Anderson is going to Brisbane courtesy of Mike van Hest of Westpoint...

Source: - Property | 15 Oct 2021 | 11:00 am

Napier: One of the iconic Six Sisters villas up for sale

One of the identical villas built along Napier's Marine Pde - best known as the Six Sisters - has gone up for sale.The heritage-listed property at 185 Marine Pde is part of a row of two-storey Victorian villas affectionately labelled...

Source: - Property | 15 Oct 2021 | 10:44 am

Covid-19 coronavirus lockdown hits house sales: prices, volumes drop

The lockdown drove national house prices down 6.5 per cent from August to September and Auckland house prices down 4.2 per cent.Price rises in what was the seemingly unstoppable house sales juggernaut were halted by the pandemic...

Source: - Property | 14 Oct 2021 | 10:00 am

Covid exacerbates problems for Māori and their businesses: new Westpac report

Covid has exacerbated hardship for Māori whose businesses were growing but remain under-represented in our economy, Westpac NZ says.Simon Power, acting bank chief executive, today released findings of a report by BERL and OpinioNative...

Source: - Property | 13 Oct 2021 | 1:00 pm

Shelly Bay developer says land occupation will come to end soon: opponent not so sure

Developer Ian Cassels says the land occupation at Wellington's Shelly Bay will be "coming to an end reasonably soon". But Mau Whenua member Catherine Love says that's news to her. The $500 million development planned there, featuring...

Source: - Property | 13 Oct 2021 | 12:27 pm

Vital Healthcare buys A$92.75m Adelaide cancer centre, seeks $140m

Listed medical landlord Vital Healthcare Property Trust has bought a A$92.75 million Adelaide cancer centre and wants to raise $140m in New Zealand to fund that and other developments.NorthWest Healthcare Properties Management said...

Source: - Property | 13 Oct 2021 | 10:29 am

Residential developer Winton Capital ponders NZX listing, might seek $200m-$400m

Low-profile residential developer Winton Capital is examining listing on the NZX, reviewing its financial structure and might seek up to $400 million.The business is considering the best way to raise money to fund its retirement...

Source: - Property | 13 Oct 2021 | 9:23 am

Surplus inches closer as Government books billions of dollars on rising property values

A rebounding economy, generating nearly $100 billion in tax revenue, helped the Government's Covid-battered books edge closer to surplus this year.In fact, if you include the tens of billions of dollars of gains the Government made...

Source: - Property | 12 Oct 2021 | 2:00 pm

CoreLogic analysis: Auckland the big city most vulnerable to a fall in house prices

Auckland is the big city most vulnerable to a significant fall in house prices, while Christchurch is the least, a new vulnerability index has found.The index by analysts CoreLogic draws together a wide range of measures - including...

Source: - Property | 12 Oct 2021 | 12:24 pm

339 square metre Queenstown property sells for $3.1 million

A prominent property overlooking Queenstown's CBD has sold to a local buyer for $3.1 million plus GST.The two-level character dwelling at 10 Man St recently served as the police station for the first two series of locally-shot...

Source: - Property | 12 Oct 2021 | 8:59 am

Quotable Value: House prices surge anew as buyers vie for limited stock

By RNZ The rate of house price growth is picking up, as the number of new property listings decline during lockdown.Quotable Value's rolling three-month average house price index to the end of September rose 3.6 per cent, which...

Source: - Property | 11 Oct 2021 | 7:42 am

Profile poles finally up for billionaire Peter Thiel's proposed Wanaka house

Profile poles have been put up at the site of Peter Thiel's future Wanaka lakefront holiday home this week, after a complaint to the Queenstown Lakes District Council.Upper Clutha Environment Society secretary Julian Haworth said...

Source: - Property | 10 Oct 2021 | 4:23 pm

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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