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... More
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... More
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... More
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... More
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... More
Revaluations push up Argosy profit, 'significant' $39.6m Wellington insurance claim lodged
Annual property revaluation gains of $70.5 million saw diversified listed Argosy Property push up net after-tax profit from $98.2m last year to $133.7m but it claimed a 'significant' $39.6m insurance on an earthquake-damaged Wellington... More
Ponsonby shack sells under the hammer for $1.1m
Peeling paint, ancient wallpaper and a tumbledown shed have not put off an Auckland buyer, who paid $1.1 million for a century-old Ponsonby shack.The three-bedroom villa at 157 John St had been a treasured family home for decades... More
Historic Auckland building is a blank canvas
A three-level historic central Auckland building, featuring the ornate 19th century frontage of the city's Freemasons Hall, which was constructed in 1881 for £3500, is being offered for sale as a bare shell ready for interior redevelopment... More
Big Central Otago development block
An 8.5ha block of bare land is for sale in the Central Otago township of Lake Hawea about 17 kilometres north of Wanaka.The largely rectangular block at 195 Lakeview Terrace is being marketed for sale through Todd Soper of Bayleys... More
City Lofts unit ideal for owner-occupier
A relatively new ground floor office unit, within a mixed development of commercial and residential units, is for sale in Auckland's popular city fringe suburb of Grey Lynn."The unit is available with vacant possession, so it represents... More
Impending boost for Auckland co-working space
Auckland's co-working office space sector is about to get a major international injection, as revealed in Bayleys fourth annual co-working report, the first to start tracking trends in the sector in 2016.The US$2.6 billion (NZ$3.97... More
Deposit rules 'cruelly' shutting out first-home buyers, Auckland real estate boss says
First-home buyers are being "cruelly" denied the chance to buy houses at a time of record low interest rates and plateauing prices because of rules forcing them to save enormous deposits.That's the opinion of Century 21 national... More
Watch: Drone takes deep dive through new City Rail Link
New drone footage from Auckland's City Rail Link takes a dramatic dive from above surrounding hotel and office towers down around 14m below ground into the cavernous subterranean hole.Work on the city end of the $4.4 billion project... More
Pearl in the property market
"Land value is going to appreciate when it is close to centralised areas and transport systems," says Mark Schiele, the CEO of Oyster Property Group. He says these fundamentals drive commercial property investment and location remains... More
Sunny side of neat street
This home was once a small, run-down bungalow which languished on the market. But that was then.Ray White agent Steve Koerber says the current owners have transformed 51 Bell Road, Remuera, Auckland, into a high end, modern home.Everything... More
DIYers can build Bunnings flatpack homes, say experts
The great kiwi DIY building tradition is thriving according to two experts who say people don't need to be licensed builders to put up the new Bunnings flatpack homes although the retailer is standing by its recommendation that licensed... More
Kiwi Property to spend 'hundreds of millions' on Drury town hub
NZX-listed Kiwi Property Group is moving ahead with plans for its south Auckland greenfields site in a region expected to grow from about 193,000 people to 353,000 in 20 years' time.The business, which owns property valued at $3.2... More
Derelict St Marys Bay villa back on market a year later for $3.25m - with demolition consent
A century-old waterfront Auckland property is back on the market, 12 months after being sold.However, in the interim, the new owners of the derelict villa on St Marys Rd have managed to gain resource consent to demolish the 119-year-old... More
Kiwi splashing $35m extra on Sylvia Park expansion: More shop space, better design
Demand from major retailers and design changes have resulted in Kiwi Property spending an extra $35 million expanding its Sylvia Park shopping centre in Auckland.In its full-year results presentation posted on the NZX, the property... More
Concerns over giant Sylvia Park crane unfounded
A giant crane's apparently unusual angle on an Auckland building site startled one observer this morning who claimed the structure had fallen over - but he was wrong.The owner of the Mt Wellington property where the crane has been... More