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... More
'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... More
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... More
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... More
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... More
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,... More
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... More
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... More
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... More
Auckland's $300m maximum security prison to open on Friday the 13th of July
The Corrections Department has announced it will open its new $300 million maximum security prison at Paremoremo in Auckland next month.Ray Smith, Corrections' chief executive, said the Auckland Prison would open on July 13. The... More
Residents fume as HNZ pays 1.35m for Pūriri Parkland destined for state housing development
A block of land now destined for a state housing development in Whangārei was bought for $1.35 million and residents unhappy with the development are asking if they could buy the land back.Housing New Zealand finalised the... More
Fletcher Building shake-up of Australian business operations likely in five-year plan out this week
An overhaul of Australian business operations to increase revenue is on the cards for Fletcher Building when it announces its five-year plan, due out on Thursday morning in Sydney.Fletcher has invited investors and analysts to join... More
Secret millionaire and leading NZ land aggregator Garry Robertson opens up for the first time
He's one of the most influential people in New Zealand and nobody knows who he is. Dressed in a World's Fastest Indian T-shirt, jeans, and brushed-wool jacket, offset by his Red Band gumboots, he wanders across open fields and... More
For Sale: Original Herne Bay Pacific Island family sells up
A modest white bungalow on one of Auckland's best known streets has sat unchanged as others have morphed into multimillion-dollar mansions.With rose bushes at the front and a back garden filled with fruit trees, the much-loved Sarsfield... More
Developer's dream site in Manukau
A multi-tenanted, single-level medical centre, occupying a low coverage site with Metropolitan Centre zoning that allows for intensive redevelopment, is for sale in the heart of the Manukau CBD.The most likely buyer is a developer... More
Hidden pearls inspired Kagi's success
Kagi, a company regarded as Australasia's top versatile jewellery brand, is now on the market for sale.LINK Business broker Martin Plom is selling the Kiwi business, which deploys slick social media and online marketing campaigns... More
Stock shortage in high demand market
Prime commercial property investment stock remains in short supply, particularly in the Auckland market, says Gareth Fraser, Auckland director of Colliers International's investment sales team."However, it's still possible to find... More
Whenuapai town centre development consented
A substantial town centre development site in Auckland's fast-growing Whenuapai is for sale with consented plans in place for a multi-unit commercial development.Colliers International site sales brokers Josh Coburn and Sean Finnegan... More
Penrose offices are well placed
A commercial building and surrounding land for sale at Penrose has been owned by a local family trust for more than 20 years.The property at 2 Walls Rd accommodates a labour hire a company which has operated in New Zealand since... More
Building has Great South Rd buzz
A fully tenanted office and retail building is for sale on Auckland's busy Great South Rd.JLL agent Jason Armstrong says the 960sq m three-level building — which is predominantly of concrete construction — sits on a 707sq m site.Renovated... More