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Māori leader opposes Erebus memorial, iwi to gather, karakia, meeting tomorrow

A prominent Māori leader opposes the about-to-be-built national Erebus memorial, vowing to take action to stop it, saying the land has significance for iwi and consultation with tangata whenua was inadequate.Māori Heritage...

Source: - Property | 27 Feb 2021 | 6:01 am

Real estate agents under fire for not repaying wage subsidies

By Nita Blake-Persen of RNZ Real estate agents are under fire for failing to repay millions of dollars in wage subsidies, despite record property prices and a booming market.RNZ Checkpoint can reveal more than $13 million was...

Source: - Property | 26 Feb 2021 | 7:30 pm

Steel & Tube turns loss turned into profit, resuming dividend payments

Steel & Tube's revenue dropped because of Covid but the company turned last year's interim loss into a profit and has decided to resume paying shareholders a dividend.Revenue fell 2.5 per cent from $232m last year to $226.3m in...

Source: - Property | 26 Feb 2021 | 8:10 am

$148m revaluation gains help drive Precinct Properties' interim profit 213%

Big revaluation gains of $148.5 million boosted Precinct Properties' half-year profit, with the company, which owns Commercial Bay, declaring a $167.9m net after-tax profit, up 213 per cent.But revenue also rose 25 per cent to $97.1m...

Source: - Property | 25 Feb 2021 | 10:44 am

Vital Healthcare Property Trust half-year profit up 60%, boosted by $61m revaluations

Vital Healthcare Property Trust pushed net profit after tax up 60 per cent in its latest half-year results.The business which owns 42 hospitals, outpatient, specialist and medical centres here and in Australia declared a $91m net...

Source: - Property | 25 Feb 2021 | 10:15 am

Father sought to cut daughter from inheritance by selling Wellington home

A father intending to sell a Wellington home to a developer and cut his daughter out of her inheritance has been temporarily halted by the Court of Appeal.John Cowan earlier took sole ownership of the home at Queens Drive in Lyall...

Source: - Property | 24 Feb 2021 | 5:46 pm

Hamilton buildings worth 36 per cent less than council purchase price, latest valuation shows

Hamilton City Council's controversial inner-city Victoria St buildings are now worth $2.37 million less than the $6.49m ratepayers forked out for them almost three years ago.The latest independent market valuation of the properties...

Source: - Property | 23 Feb 2021 | 7:44 pm

St Matthew's Church in Brooklyn, Wellington could be demolished by new owner

"Shocked" members of a Wellington suburb are scrambling to see if anything can be done to save a local church from possibly being demolished - despite the fact the building is to be considered for heritage status.St Matthew's Church...

Source: - Property | 23 Feb 2021 | 4:46 pm

Feral chickens left behind by former neighbour continue to terrorise neighbourhood, Glen Eden home owner says

A Glen Eden homeowner has filed a fresh complaint to Auckland Council claiming his neighbour's chickens have gone feral and continue to cause a nightmare even though the property had been sold.Chao Su, 82, first filed a complaint...

Source: - Property | 23 Feb 2021 | 3:28 pm

Nido to shut: End of NZ's biggest homeware store, giant closing-down sale

Nido, New Zealand's biggest homeware store, has announced it will shut after attempts to find buyers failed.A statement from receivers of trading business Magsons Hardware told how 60 jobs will be lost.McGrathNicoll said trading...

Source: - Property | 23 Feb 2021 | 11:34 am

Summerset Group pushes up net profit 32% to make $230.8m - $221m in revaluations

Retirement village owner-operator Summerset Group pushed up its bottom line profit 32 per cent but underlying profit fell 7 per cent when the company spent more during the pandemic.Net profit after tax, which includes unrealised...

Source: - Property | 23 Feb 2021 | 9:49 am

Revaluations push Property For Industry net profit down 36 per cent

Less spectacular property revaluations pushed NZX-listed real estate specialist Property For Industry's full-year net profit down 36 per cent, from $176 million to $113.5m.Property valuations did not rise as fast last year as they...

Source: - Property | 22 Feb 2021 | 11:13 am

Less than $300k to buy in Epsom: Check out 2020's cheapest house sales

House prices may have soared through the biggest boom in two decades last year, yet that hasn't stopped one eagle-eyed buyer snapping up a classic timber villa for just $15,000.The November purchase was the cheapest in the land...

Source: - Property | 20 Feb 2021 | 6:00 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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