Net profit! Run-down former tennis court in Queenstown fetches $1m
A run-down former Queenstown tennis court has netted just over $1 million.The McBride St court, sandwiched between Frankton lakeside reserve and Queenstown Airport, occupies a 1012sqm section.The property has been owned for about... More
How to get a $650,000 KiwiBuild-style house down to an affordable $300,000
$650,000 for a Kiwibuild is simply unaffordable for many New ZealandersStephen Selwood looks at what's needed to get build prices down. In 1991, almost three quarters of Aucklanders owned their own home. If we were to deliver homes... More
Lessons for real estate sector after Colliers' agents ordered to repay $800,000 to ex-client
A case where two Colliers International agents were ordered to pay a former client more than $800,000 is a warning signal to all working in the real estate sector, an expert says.John Waymouth, an Auckland-based barrister specialising... More
21-year-old property magnate Jonathan Brownlee defends parental loan
A millionaire 21-year-old with 11 properties across the country has come under fire for borrowing money from his parents, but he says he could have done the same without it. Jonathan Brownlee owns 11 New Zealand properties valued... More
Quinovic property manager ad campaign the 'actions of one franchise'
An ad campaign by a property management company that was slammed as "particularly shameless" was the action of one independently owned franchise, not the whole company, a local Quinovic principal says.It followed an advertisement... More
Amazon opens 4.3ha Sydney base in Australian expansion
Amazon has announced that its second Australian store is now open, having been completed in Sydney and with a massive footprint of 4.3ha of indoor floorspace.The new centre in Moorebank has a 43,000sq m footprint, nearly double... More
Tauranga house prices up 4.5 per cent
Tauranga house prices have jumped 4.5 per cent year-on-year, according to new data.Data released today from the Real Estate Institute of New Zealand shows the median house price in Tauranga jumped to $635,000 in July 2018 from $607,500... More
NZ house prices up 6.2 pct, Auckland down 0.1 pct: REINZ
House prices increased in every region in July – with the one exception of Auckland, new figures reveal.National house prices rose 6.2 per cent in the July year but Auckland prices are continuing to fall slightly, down 0.1 per cent... More
Queenstown's mayor facing action over Stonewood Homes collapse
Queenstown's mayor is facing legal action over the collapse of building company Stonewood Homes.Jim Boult says he will "vigorously defend'' any suggestions he did not fulfil his duties as a director of the company.A statement... More
Vikki Lane business has 'Victoria vibe'
Round the world media people flock to certain favoured watering holes — typically vibrant places, which generate plenty of energy.They include The Coach and Horses on London's Greek St; La Closerie des Lilas on Boulevard du Montparnasse,... More
Mt Albert medical investment property
A freehold medical centre investment property in Mount Albert, near Auckland's popular Westfield St Lukes Shopping Centre, will go under the hammer at the end of this month."This sale represents a rare opportunity to own a property... More
Future of Takapuna town square to become clearer this month
The revitalisation of Takapuna will become clearer by the end of the month when a report on feedback over the sale and development of a carpark is completed.The sale of much of the Anzac St carpark for private development and a... More
Tackling barriers to financing homes on Māori land and boosting home ownership
Experts from across Aotearoa have joined forces to tackle barriers to financing Māori housing and boosting home ownership.Māori home ownership rates are less than half those of the general population. Rising housing... More
Summerset chief extols benefits of Australian expansion
Listed retirement giant Summerset Group has sent a top development executive to Melbourne this year and chief executive Julian Cook said the business regarded Australia and particularly Victoria as offering opportunity.Talking about... More
Watch: A walk through 'construction central' in Auckland's Albert St
Auckland's Albert St has become construction central as hotels, the railway tunnels and office blocks are built there.In the third of the Herald's Talk a Walk series, we start at Lower Albert St at the Quay St intersection and look... More
Editorial: NZ needs to be ready for falling house prices
Tomorrow we will get a fresh update on the local housing market when REINZ releases it's data for July. While winter is traditionally slow for the real estate sector, a slump across the Tasman has heightened concerns that we may... More
Company pulls ads suggesting landlords should squeeze their tenants for money
An advertisement that appears to suggest landlords aren't charging enough rent if tenants can afford a night out with drinks has been pulled.Property manager Quinovic's Te Aro franchise in Wellington posted the ad on its Facebook... More
Kiwibank offers KiwiBuild mortgages with only a 10 per cent deposit
Kiwibank says it will let customers borrow for KiwiBuild homes with only a 10 per cent deposit.The move may help first-home buyers struggling to save a 20 per cent deposit to get a property under the scheme, which aims to build... More
Elderly residents forced to rent as Bay Palms apartment is vacated for repairs
Residents who have already paid around $200,000 each for repairs to their defective, leaky North Shore apartments are now having to fork out hundreds of dollars a week in rent while the places are fixed - and they anticipate further... More
Queenstown couple Sophie and Stephen Biggs in $59 million divorce fight
A former Queenstown woman is battling to get her share of an estimated $59m from her husband in a divorce fight.Sophie Annabelle Biggs and Stephen Timothy Biggs began living together in 2010 and had a child before separating in... More