Rory Milne: West is best for a bargain
The latest QV House Price Index shows values increased only 1 per cent on average across the Auckland region over the past year, which means while most homes are not any more affordable, they are no longer seeing huge value growth... More
Steve Hart: House prices drop a little
Home affordability has improved across the country according to a survey by Massey University. But problem areas persist in areas such as Northland, Hawke's Bay and Central Otago Lakes.The survey covers December to February and... More
Shane Jones wants stronger infrastructure body
Infrastructure Minister Shane Jones wants a stronger entity to oversee development of major capital projects including prisons, schools, hospitals, roads, trams and other big New Zealand assets.Speaking from Australia, where he... More
Fletcher Building raises $515m of $750m offer: now over to retail investors
Fletcher Building has raised $515 million of its planned $750 million offer to shareholders by hugely discounting new shares, announcing this morning it had filled most of the offer it revealed on Tuesday.Retail investors now have... More
Alarm at dwindling rentals list
Dunedin's rental market is in crisis as prospective tenants struggle to secure one of a shrinking pool of increasingly expensive properties.Tenants, support services, industry insiders and a politician spoken to by the Otago Daily... More
Renovated Block NZ house in ruins after failed relocation
Photos provided to the Herald show the full extent of damage done to a house from the first season of reality show The Block NZ after a failed relocation.The house at 80 Anzac Street in Takapuna was renovated during the 2016 series... More
$2.8m home for sale next to halfway home in Grey Lynn where actress died last month
A modern architectural house is for sale next door to Dryden Lodge in Grey Lynn, where two people were found dead last month.The four-bedroom and three bathroom home has a council valuation of $2.8 million and is for sale by negotiation... More
Whanganui house prices soar as regional average hits $500,00
The average asking price for a Whanganui property rose 7.8 per cent in the year to March or almost $20,000 to sit at $264,800. That contributed to an average house price increase outside Auckland, Wellington and Christchurch of... More
Diana Clement: How to buy your first home
When Himanshu and Kalyani Redhu decided to buy their first home in Auckland they knew that million-dollar homes or suburbs such as Ponsonby and Remuera weren't for them.Starting with no deposit and no family help, they saved $130,000... More
Catherine Smith: Oldie is now a cool goodie
Peter and Susan Taylor's connection to their property on Ingram Road, midway between Ramarama and Bombay, well pre-dates their purchase in 1980."We moved from our farm in Pukekawa to Peter's parents' estate," says Susan. "Colleen... More
Leigh Bramwell: Protected from elements
As Ros Stewart and Ian Colcord watched Auckland battle winds last week, they were thankful for the thoughtful design of their Muriwai home.Architect Jason Bailey designed the house for his parents and made sure much of it was... More
Residential investors eye commercial properties
A growing number of entry-level individual investors and family trusts are seeking to invest in commercial real estate, says Gareth Fraser, Auckland director of Colliers International's investment sales team. "Surging capital values... More
Silverdale store in 'dream' location
Brokers selling a five-year-old Silverdale convenience store describe it as having a 'dream' location, with access to customer parking.Barfoot & Thompson commercial sales manager Simon Farland and colleague Elaine Tutty, are selling... More
Retirement village providers plan 580 new units for Auckland, Napier
Plans for 580 new Auckland and Napier retirement village residences took a step forward today when two NZX-listed businesses announced progress on their projects. Glen Sowry, Metlifecare chief executive, said the purchase of a... More
NZ institutional investors welcome Fletcher move: price 'compelling'
New Zealand institutional investors have welcomed Fletcher Building's $750 million rights issue, saying it should put the business in a better financial position and the rights issue price was "compelling".Shane Solly of Harbour... More
Housing shortage pushes regional rents to record highs
House prices may be stabilising across New Zealand but tenants in the regions are facing record rents as housing shortages bite.Data from the latest Trade Me Property Rental index showed the regions were facing particularly steep... More
Ground broken for new state house build in Whanganui
Earth has been moved and seven new two-bedroom state houses will soon be built on a large section in Whanganui's Poynter Pl.One of the buildings has been staked out. Contractors said construction can start when council consent is... More
Fletcher Building in trading halt: seeks $750m from shareholders, gets $500m in bank loans
Fletcher Building wants $750 million new equity from shareholders, has established $500 million in banking loans to strengthen its balance sheet and is in a trading halt.The surprise announcement comes after the business announced... More
AI and cloud-based working the future of property investment
Property investors could have just two years to get used to the idea of using cloud-based sharing applications and robotics, with the rate of technological change expected to speed up "significantly" in that time.Hawke's Bay commercial... More
Auckland house prices drop 2.2 percent as market cools
Auckland house prices were rising at more than 20 per cent annually three years ago but now they're falling, down 2.2 per cent in the year to March 30, according to March data from the Real Estate Institute. "Prices in Auckland... More