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New weave for Onehunga Woollen Mills

Freehold warehouse and office units are for sale 'off the plan' within a new development comprising 26 two-storey units expected to be completed this time next year in Auckland's industrial heart of Onehunga. The units comprise...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Bay of Islands Kiwiana waterfront campground

In the Bay of Islands the waterfront freehold land, buildings and going concern business comprising the Paihia TOP 10 Holiday Park are for sale."This is a long-established typical Kiwiana campground," says John Greenwood of Bayleys...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Recent Deals for Saturday May 25

$21m Wellington sale Richard Findlay, Hamish Templeton and Michelle Chadwick of Colliers International Wellington brokered the $21m sale of four commercial levels in Wellington's landmark One Market Lane building near the waterfront....

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Hamilton inner city investment property

Land and buildings leased to a national distributor of uniforms in Hamilton's inner city will go under the hammer next month."The building has an A-grade seismic rating," says Rebecca Bruce of Bayleys Hamilton who, with colleague...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Takapuna unit offers solid passive income

A large North Shore unit occupied by snow and water sports retailer, Ballistics Wake & Snow, is on the market in Takapuna."This sale represents a good opportunity for a buyer wanting a solid passive income," says Ranjan Unka of...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am



Modern North Harbour industrial

A modern North Harbour industrial property is for sale with a short-term tenant and plenty of room for expansion."This is one of the best warehouses on the North Shore," says Shoneet Chand of Colliers International who, with colleague...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Wairau Valley North Shore investment property

A substantial North Shore showroom, office and warehouse in the Wairau Valley, tenanted by a national tile company, is up for auction at a time when vacancy levels in the industrial precinct are at an all-time low.The Tile Warehouse,...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Wellington tower ready for redevelopment

A shortage of available Wellington CBD development land, coupled with the low vacancy rates, is expected to fuel interest in largely vacant 'as-is where-is' 14-level office tower."This is probably the best redevelopment opportunity...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Warkworth property has development upside

A high-profile property on State Highway 1 north of Auckland is for sale with a renewed lease to national tenant Carter Holt Harvey and zoning allowing for future residential development.The 13,496sq m freehold property sits at...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Masterton property has long-term bank tenant

A prime investment site in the heart of Masterton's retail precinct has come to the market for the first time it was built in 2008.The 467sq m building at 237 Queen St is for sale by tender, closing 2pm, June 6, and is being marketed...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am



Howick unit houses swimming pool complex

Land and the building housing Howick's Swimgym swimming pool and offices on a long-term tenancy will go under the hammer next month."The sale of this property represents an excellent bottom-drawer investment opportunity," says Dave...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Premium Parnell 'bottom drawer' property

A premium city fringe office property, in tightly-held Parnell, is for sale for the first time in 22 years, offering investors multiple income streams from three commercial tenants and 39 secure car parks.The four-level building...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Papatoetoe property houses physio clinic

Land and buildings housing a physiotherapy clinic and sports injury recovery healthcare practice, in Auckland's southern suburb of Papatoetoe, will go under the hammer next month.The commercial property houses the consulting and...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Advice from Bayley's top award winner

Alan Haydock, who heads Bayleys' Auckland City & Fringe team, took out the top award for the most commercial property commission revenue that was generated nationally in another record year for the agency.Commercial sales and leasing...

Source: nzherald.co.nz - Property | 25 May 2019 | 5:00 am

Craft brewers fostering specialist property sector

The growth of craft brewing in New Zealand – both off-premise and on-premise – is now so noticeable that Bayleys Real Estate has established a specialist sales and leasing team for this niche segment of commercial property.In Auckland,...

Source: nzherald.co.nz - Property | 24 May 2019 | 6:24 pm

Owner fights for more time to strengthen red-stickered Wellington building

The owner of a red-stickered building in Wellington is fighting for more time to complete seismic strengthening, despite that work already being more than five years overdue. Wellington City Council cordoned off the property at...

Source: nzherald.co.nz - Property | 24 May 2019 | 11:29 am

Augusta profit up 116% after revenue boost and cost drop

Augusta Capital pushed net after-tax profit up 116 per cent from $3.2 million last year to $6.9m this year after operating costs fell and revenue rose. The business, which manages funds owning about 100 properties valued at $1.95b...

Source: nzherald.co.nz - Property | 24 May 2019 | 8:04 am

Ryman result: Net profit falls 16 per cent, underlying profit up 11.5 per cent, dividend up

Ryman Healthcare has reported a fall in its net after-tax profit from $388 million last year to $326m this year. The largest listed retirement village business in New Zealand has just reported underlying profit rising from $203.5m...

Source: nzherald.co.nz - Property | 24 May 2019 | 7:29 am

National's debt comments a losing strategy - Social Credit

National’s response to the government loosening of it's debt target shows it has learnt nothing from it's 9 years in government or it's electoral defeat.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 24 May 2019 | 12:26 am

As-is character in Christchurch's High St

One of the last remaining 'as-is where-is' character buildings in the Christchurch CBD is due to go under the hammer later this month.The two-level building, at 129 High St, occupies a total site area of 181sq m and comprises two...

Source: nzherald.co.nz - Property | 23 May 2019 | 10:51 pm

Capital-gains tax backdown and cash-rate drop trigger Pt Chevalier house-selling frenzy

The capital-gains tax backdown and record low interest rates have triggered a selling frenzy in Point Chevalier, according to one Auckland real estate agency.Professionals Pt Chevalier agent Ross Brader said his team was enjoying...

Source: nzherald.co.nz - Property | 23 May 2019 | 11:06 am

LVR restrictions promote financial stability, evaluation finds

The Reserve Bank has undertaken a detailed evaluation of Loan-to-Value Ratio restrictions (LVR) as part of a wider review of macroprudential policy.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 22 May 2019 | 12:43 pm

Westpac Economic Overview May 2019: Game changer

The recent dramatic decline in interest rates is going to be a game changer for the economy, according to Westpac’s latest Economic Overview, published today.

Comments from Dominick Stephens, Westpac Chief Economist:

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 22 May 2019 | 5:00 am

LVR review well overdue for Auckland first-home buyers - Mitchell

"For the sake of tens of thousands of potential first-home buyers in Auckland, it’s time for the Reserve Bank to formally review its six-year-old policy on loan-to-value ratios (LVRs)," says Ryan Mitchell, National Manager of Century 21 New Zealand.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 21 May 2019 | 2:32 pm

Firm China rattles markets - CMC Markets

A strong Chinese response to last week’s US moves weighed on tech stocks in overnight trading. Bonds yield edged higher and the US dollar held recent gains as investors headed for safety.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 21 May 2019 | 11:55 am

Banks 'crying crocodile tears' over higher capital requirements

Social Credit is accusing the New Zealand Bankers Association of crying crocodile tears over the Reserve Bank's proposals for banks to hold higher capital ratios.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 21 May 2019 | 2:54 am

Reserve Bank announces next steps in Capital Review

The Reserve Bank has today announced the next steps in its Capital Review, following the closing of written submissions on Friday last week.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 20 May 2019 | 1:36 pm

Robertson's budget $6 billion short - Social Credit Party

Finance Minister Grant Robertson’s budget later this month could have contained an additional $6 billion in spending without costing taxpayers a single cent more, Social Credit Party Leader, Chris Leitch told the party’s Canterbury Regional conference yesterday.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 20 May 2019 | 9:54 am

RBNZ bank capital policy will make NZ poorer - ACT

"The Reserve Bank should heed the call of the New Zealand Bankers’ Association and abandon its flawed proposals to increase capital requirements for banks," according to ACT Leader David Seymour.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 20 May 2019 | 9:01 am

Reserve Bank should rethink capital proposals - NZBA

The New Zealand Bankers’ Association has called on the Reserve Bank to reconsider its proposals to almost double capital requirements for New Zealand’s banks, and take into account an independent review by former Treasury Secretary Dr Graham Scott.

Source: Voxy.co.nz RSS Feed: Items matching search string ""Reserve Bank"" | 20 May 2019 | 8:41 am









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