NZ Property News


Housing market: BNZ joins rush to put brakes on investors

BNZ has joined ASB and ANZ in moving to introduce loan value restrictions on investor lending, ahead of new Reserve Bank rules due in March.BNZ announced today it was returning to its pre-Covid-19 home lending loan-to-value (LVR)...

Source: nzherald.co.nz - Property | 24 Nov 2020 | 5:40 pm

$60 million sale of PWC Centre second-largest office building sale in Christchurch

An equity investment company has bought the PWC Centre for $60 million, marking the second-largest office building transaction in Christchurch, according to Savills New Zealand.The centre, at 60 Cashel St opposite the Bridge of...

Source: nzherald.co.nz - Property | 23 Nov 2020 | 3:33 pm

'World's best weeds' make way for new Hawke's Bay housing development for the homeless

Four houses built at Waiohiki in the first stage of a multi-million dollar Government-backed initiative to address Hastings' housing crisis will be occupied by next week.The completion of the papakainga, almost across the road from...

Source: nzherald.co.nz - Property | 23 Nov 2020 | 1:05 pm

Goodman Property Trust revenue up, lower revaluations push down net profit

Bottom-line profit from $3.3 billion industrial and logistics landlord Goodman Property Trust dropped in the first half of this year compared to last year due to less-spectacular property revaluations.The business made $224.3 million...

Source: nzherald.co.nz - Property | 23 Nov 2020 | 11:40 am

Sylvia Park owner Kiwi Property Group pushes up first-half profit 47 per cent

Kiwi Property Group pushed up net profit after tax by 47 per cent to make $54.2 million in the six months to September 30.The giant landlord a few weeks ago opened 57 new stores at New Zealand's largest shopping centre, Sylvia park.Operating...

Source: nzherald.co.nz - Property | 23 Nov 2020 | 9:45 am

Amazing $500k renovation of 1940s Mt Roskill state house wins top NZ architectural award

Humble beginnings don't get much more stark than this 1940s Mt Roskill state house that has been transformed to win one of New Zealand's most decorated architecture awards. The top gong at the 2020 ADNZ Resene Architectural Design...

Source: nzherald.co.nz - Property | 20 Nov 2020 | 2:23 pm

Chow brothers' Stonewood Group launches capital raising arm

Stonewood Group has launched a business arm dedicated to raising capital to fund property development.The group, co-founded by brothers Michael and John Chow, unveiled Stonewood Capital last night. Among those at the event included...

Source: nzherald.co.nz - Property | 20 Nov 2020 | 9:44 am

Ryman spends $50m on pandemic response, half-year profit down 14% to $88.4m

Ryman Healthcare spent $50 million on its pandemic response to protect residents and staff, despite no Covid among 12,000 residents and 6100 staff.Since January, that has been the cost to the Christchurch-headquartered Australasian...

Source: nzherald.co.nz - Property | 20 Nov 2020 | 8:34 am

Talks held with Ikea about new premises: accountant reveals discussions

Discussions have been held with people associated with Swedish furniture giant Ikea about moving into the Nido premises in Henderson, a director of its landlord says.Hāwera accountant Mark Hughson, also a director of a company...

Source: nzherald.co.nz - Property | 19 Nov 2020 | 2:20 pm

First home buyers hit record high in property market share

By RNZ First home buyers now have a record share of the property market, according to a new report from property analyst firm CoreLogic.The report shows for 2020 to date, first home buyers now make up 24 per cent of the market...

Source: nzherald.co.nz - Property | 19 Nov 2020 | 10:22 am