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FMA and RBNZ disappointed in insurer response to conduct and culture review

The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) today released their findings on life insurers’ responses to the joint Conduct and Culture Review.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 17 Sep 2019 | 10:04 am

NZD remains 10th most traded currency

The New Zealand dollar (NZD) remains the tenth most traded currency globally, according to a global survey compiled by the Bank of International Settlements (BIS) released today.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 17 Sep 2019 | 9:09 am

Record property sale: One of Hawke's Bay's finest homes sells for more than $4m

A Havelock North house has broken the record for the highest sale price for a residential property in Hawke's Bay.New Zealand Sotheby's International Realty made the residential sale, "in excess" of $4 million, in August.Managing...

Source: nzherald.co.nz - Property | 17 Sep 2019 | 6:00 am

Flurry of childcare sales - Bayleys

The long leases and attractive income returns offered by early childcare education centres is continuing to drive investment interest in this growing sector of the commercial property market.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 16 Sep 2019 | 10:50 pm

Tenants fined for sub-letting apartment on Booking.com and Airbnb without landlord's permission

A couple who sub-let a central Auckland apartment for $215 per night without the owner's permission has been ordered to pay damages - and give the profits back.The Tenancy Tribunal has ruled Jian Cui and Ma Dong breached their rental...

Source: nzherald.co.nz - Property | 16 Sep 2019 | 4:34 pm



Auckland tenants ordered to pay for damage, rubbish removal, pest control

Tenants whose dogs defecated and urinated throughout their South Auckland home have been ordered to pay more than $2000 for new carpet, curtains and rubbish removal.It was one of two Tenancy Tribunal decisions last month where tenants...

Source: nzherald.co.nz - Property | 15 Sep 2019 | 2:23 pm

Paul Reid's rise from Shortland St to multimillion-dollar apartment deals

A former Shortland Street star and pop musician was the country's most prolific house flipper of the property housing boom - trading an astonishing 70 homes in short-term sales in a single year.Paul Reid, who initially hit the limelight...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 4:09 pm

Trotting club's strategic Epsom site on the market

A substantial strategic landholding in the affluent Auckland suburb of Epsom, superbly located on a high-profile corner of Manukau Road, is on the market through Colliers International.The Auckland Trotting Club has appointed Colliers'...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Brand-new Queenstown industrial on long-term lease to JUCY

A purpose-built new industrial facility with a long lease to one of New Zealand's best-known tourism brands is for sale in Queenstown's premium industrial precinct.Located in tightly held Frankton, the property at 52-54 Grant Road...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Riding the rail trail's success to new property ventures

An opportunity to develop a business appealing to rail trail cyclists, or add to Waikato town Paeroa's expanding retail, residential and retirement village growth is available through a main street property for sale.The 731sq...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am



Steel company's huge East Tamaki industrial facility on long lease

A substantial Auckland industrial facility, purpose-built for one of Australasia's largest privately-owned steel companies, is for sale with a long-term lease returning $1.34 million in net annual rent.Vulcan Steel has occupied...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Terminating lease drives opportunities for rural investors

A property housing two well-established retail tenants in the centre of Morrinsville is on the market for sale.NV Motorcycles and Morrinsville Hire tenant the 538sq m building on a 3844sq m site on an intersection at 129 Thames...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Independent building company for sale

An independent building company based in Pukekohe is for sale for $595,000.Haven New Zealand specialises in distinguished residential homes, baches, commercial properties, renovations and transportable homes.The business has a...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Syndication launches for Wattie's National Distribution Centre

The property at 113 Elwood Rd, Hastings, sits on a 6.3ha and has a gross floor area of 48,500sq m. CopyProperty syndication specialists Erskine + Owen have launched a new syndication offer to the wholesale investor market for...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Oyster Industrial offers exposure to top-performing property sector

A newly launched industrial investment opportunity allows investors to capitalise on the success of New Zealand's top-performing property asset class at an affordable price point.Oyster Industrial is underpinned by two newly developed...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Studio zooms in on growth areas in the digital world

Digital content producer Tandem Studios comes with a well-repected reputation.For the first time in over a decade, highly respected content production company Tandem Studios is for sale. The business is at the forefront in producing...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Prominent St Heliers site with upside on the horizon

A high-profile ground lease in the upmarket Auckland suburb of St Heliers is for sale with the opportunity for rental growth upon ground lease renewal in 2026.The 1,501sq m property at 348-364 St Heliers Bay Road is well located...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Growing demand from owner occupiers for industrial property

The new record low in the official cash rate has added further fuel to the already buoyant industrial property market in Christchurch.Encouraged by low lending interest rates but disenchanted with correspondingly low deposit rates,...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Flurry of childcare sales

The long leases and attractive income returns offered by early childcare education centres is continuing to drive investment interest in this growing sector of the commercial property market.Bayleys' South Auckland investment sales...

Source: nzherald.co.nz - Property | 14 Sep 2019 | 5:00 am

Property plunge: Realtor makes a splash by trying to sell house with his manu

Hawke's Bay's property market isn't taking a dive, but in a bid to get sales one Napier real estate agent is.Tremains real estate agent Nathan Abel's latest video for a house on Jull St sees him pointing out the features of the...

Source: nzherald.co.nz - Property | 13 Sep 2019 | 4:58 pm

Wealth in Australia now determined by how many assets you own

An Australian's wealth was once determined by their employment status, the type of job they had and how much money they made.But in 2019, there's a new five-tier measure of wealth based on how many assets you own, according to a...

Source: nzherald.co.nz - Property | 13 Sep 2019 | 2:24 pm

Petition a game changer for the New Zealand economy

A petition, that promises a significant and dramatic improvement for the New Zealand economy, was handed to Dr Deborah Russell, the MP for New Lynn today.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 12 Sep 2019 | 5:58 pm

Otiwhiti Station sells to syndicate keen on continuing farm cadet training

Philanthropic work and cadet farm training will continue at Otiwhiti Station after its sale went unconditional a fortnight ago.The sale was almost an in-house deal with the Duncan family retaining an interest alongside new co-owners...

Source: nzherald.co.nz - Property | 12 Sep 2019 | 5:00 am

Excavation wars: Neighbours of Kingsland property could be protected by insurance

An Auckland couple who are the neighbours of illegal excavation works could be insured if something goes awry; as long as it's not due to natural causes.Paula Lockett and Brian Malone were nervous after being told by their insurance...

Source: nzherald.co.nz - Property | 11 Sep 2019 | 12:55 pm

Banks profits flat, interest rates low and business confidence drops - KPMG

Profit growth for the New Zealand banking sector has all but flat lined for the quarter ending June 2019.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 11 Sep 2019 | 6:00 am

'More attractive first-home schemes will deliver quick wins'

"Good on the Government for wanting to get more renters into their first homes. Amending the existing schemes already available for Kiwi first-home buyers will undoubtedly deliver some quick and easy wins."

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 4 Sep 2019 | 3:05 pm

Spring signals a return of positive sentiment in property market - QV

Steady as she goes is the ongoing theme in the New Zealand property market as we enter the first week of spring. We continue to see growth in our regional towns and cities where affordability is less of an issue.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 4 Sep 2019 | 5:00 am

Australian dollar at decade lows ahead of RBA decision

Weaker commodity prices and a stronger US dollar has the Australian dollar pinned to the mat. The trading towards ten-year lows comes at a crucial time for the Reserve Bank of Australia as it meets today.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 3 Sep 2019 | 11:50 am

Lowest total number of homes for sale nationally since 2016

New Zealanders got active on realestate.co.nz in August, with more than one million unique browsers to the site, with new users growing by more than 24.0 per cent compared to August 2018.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 3 Sep 2019 | 5:00 am

Laybuy survey reveals Kiwis ditching credit cards

A survey of buy now, pay later (BNPL) users indicates New Zealanders of all ages are abandoning traditional credit cards in favour of BNPL. Laybuy estimates this change is saving their customers $12.4million in credit card interest annually.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 2 Sep 2019 | 12:01 pm









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