Fletcher outlines plans to make thousands of new homes

Fletcher Building's house construction business will develop a new Auckland house-panel factory to make thousands of new residences, some for the Government's KiwiBuild.Ross Taylor, chief executive, said in Sydney this morning that...

Source: nzherald.co.nz - Property | 21 Jun 2018 | 11:27 am

Diana Clement: Visitors look for extra details

Letting property to holiday makers and short-term guests is becoming increasingly popular. But there is much more to the business than the property itself. Success on the short-term holiday market comes down to the host or hosting...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 11:00 pm

Catherine Smith: Perfection is an asset

It's hard to imagine Chamon and Grayson Ford sitting still. The energetic couple bought their Northcote Point house in January 2015 with toddlers Declan and Elliot in tow, but somehow managed to transform the house and garden in...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 10:53 pm

Last lots in Otaki commercial park

The last remaining lots for sale or lease are now on offer in the Otaki Commercial Park on the Kāpiti Coast north of Wellington. The sale presents an opportunity to design and construct new premises in the purpose-built business...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 9:19 am

Overseas investment law change a potential $4b forestry earner boost: Jones

An overseas investment law overhaul could boost forestry businesses and add about $4 billion to annual export earnings, says Forestry Minister Shane Jones.The Overseas Investment Amendment Bill, which a select committee reported...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 7:05 am

Barry Soper: The effect of foreign buyer ban? Time will tell

They talked until they were blue in the face that foreign buyers weren't stoking the residential property market in this country.But National made little headway, claiming in its own echo chamber that only around three per cent...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 6:00 am

Recent Deals for Wednesday June 20

GroupM Fanshawe St tower The GroupM office building at 22 Fanshawe St, in the Auckland CBD, has been sold to Conrad Properties Group for $50m, in a deal brokered by Harold McCracken of Savills. The 12-level, 7796sq m building,...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 5:00 am

Time for a change of ownership

Brokers say a building for sale at Ohaupo, in the South Waikato, is unique for housing a clock retailer and a cafe under one roof.The Clock World shop and Longitude Cafe operate within a character brick building, constructed in...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 5:00 am

Auckland metropolitan office vacancy dips

Auckland's metropolitan office vacancy rate has edged downwards due to strong demand for new developments in the city fringe and suburbs, says a new research report. The latest Colliers Essentials report has found the overall metropolitan...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 5:00 am

Hop, skip and jump to coast

There was no mucking around when Brian and Bev Eden decided to move from South Auckland to Whangaparāoa 14 years ago. On their first house-hunting excursion to the peninsula, they looked at a small selection of properties and...

Source: nzherald.co.nz - Property | 20 Jun 2018 | 5:00 am

Mountain View repair bill hits $43.6m, could set NZ record

Owners of Auckland's 99-unit Mountain View apartment complex are paying nearly $44 million to fix leak, seismic, structural and fire protection issues and one expert says the bill could set a record for the amount spent on fixing...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 6:00 pm

Experts welcome anti-foreign buyer back-down

Property and legal experts have welcomed changes to the Government's proposed anti-foreign crackdown, saying restrictions on new home building won't now happen.Connal Townsend, Property Council chief executive and lawyers Joanna...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 2:15 pm

'I thought I was going to have a nervous breakdown': Retiree on battle with Ngāti Whātua over demolished home

Once she decided retirement village life was for her, Sandra Pearce, 76, chose an Eastcliffe place in Auckland's Orākei, bought three years ago for $780,000."I thought I'd treat myself. I just loved looking out every single...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 9:04 am

Changes mooted for foreign house-buyer ban law

Recommendations have been made to the Government's proposed foreign house-buyer ban which would see large-scale overseas apartment and hotel developers and buyers exempted.The Finance and Expenditure Select Committee has released...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 9:01 am

Foreign buyer ban gets smoother edges, but critics still see problems

Amendments to the government's foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments.But opposition party critics said the changes don't go far enough, and...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 6:30 am

NZ capital gains tax would lift rate of home ownership - bank

Introducing a 10 per cent capital gains tax would reduce New Zealand house prices by 10.9 per cent and lead to a higher rate of home ownership, according to a leading bank economist.The Government's tax working group, headed by...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 6:00 am

Sixty-seven new Napier lots on the market in multi-million dollar build

A new housing development is expected to start springing up in Napier next month, pumping at least $15 million in to the local construction industry and helping to ease the region's housing shortage.Following a year of preparation,...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 6:00 am

Is it a boat or a house? Verdict could sink dream

Is it a boat or is it a house?It has a kitchen, a fireplace, a lounge and a bedroom. But it also has a captain's deck with a steering wheel, even though it's on land, not sea. And now a government department has to decide exactly...

Source: nzherald.co.nz - Property | 19 Jun 2018 | 5:00 am

Historic cottage left high-and-dry

Albert Park's historic caretaker's cottage is on the move, but don't worry it's not going far.The 136-year-old heritage building has been hoisted two metres into the air in order to replace its crumbling foundations.The vertical...

Source: nzherald.co.nz - Property | 18 Jun 2018 | 3:16 pm

Inside new 'prison cell' emergency housing units in West Auckland

Nine emergency housing units originally compared to "prison cells" are about to open in West Auckland.The prefabricated dwellings were moved to a site on Great North Rd near Henderson at the end of last year and quickly attracted...

Source: nzherald.co.nz - Property | 18 Jun 2018 | 11:37 am