Capital gains tax will lead to overcrowding, property investor warns
Property investment advocates say the proposed capital gains tax will see investors sell-up, reducing the supply and unltimately leading to overcrowding. But the trade unions have welcomed it as a chance to stop speculators and... More
Capital Gains Tax could dent house prices and push up rents
Rents could rise and house prices fall if the government goes ahead with a capital gains tax, says the Tax Working Group.The group, which today released its recommendation for a CGT to be applied on assets such as land, shares,... More
Booking.com suspends West Auckland rental after bridal party complaints
Booking.com says it has suspended a West Auckland property from being hired out after two bridal parties reported concerns about a hidden camera. Auckland woman Sarah Muir laid complaints with police and the privacy commissioner... More
Local Focus: Fate of legacy oak trees in Keirunga Gardens divides Havelock North residents
Plans to fire up chainsaws in a legacy woodland within the leafy Hawke's Bay settlement of Havelock North has hewn a divide into the community.George Nelson planted mainly oaks trees in the 8ha section of Keirunga Gardens, and in... More
$950 a week for 30 years: First-home buyers face crushing mortgages
Auckland's first-home buyers will need to fork out up to $950 per week in loan repayments for the next 30 years based on what they're paying to get a foothold in the market.That's according to figures by analysts CoreLogic showing... More
'Property bloodbath': Aussie house prices 'could halve'
House prices in Sydney and Melbourne could fall by up to 25 per cent this year alone and "there's a chance they could fall by half" in the coming "property bloodbath", an economist has warned.LF Economics founder Lindsay David,... More
Experts divided on Fletcher Building result: back on even keel or still under-delivering?
Fletcher Building received a mixed reaction after the construction company and building materials manufacturer and distributor converted last year's interim loss of $273 million into an interim profit of $89m.Shane Solly of Harbour... More
Australian giant Scentre Group releases financials, confirms $790m Newmarket plans on track
ASX-listed shopping centre owner Scentre Group has released its annual result, reiterating costs and timing on Australasia's largest retail centre redevelopment which is in New Zealand.Westfield Newmarket is the Auckland shopping... More
First home buyers paid average of $856,467 for Auckland homes last year, analysts say
First home buyers are increasingly buying more of the houses that are up for sale, but are often paying a small fortune to do so.Twenty-three per cent of all homes sold in New Zealand last year went to a first-time buyer - a level... More
KiwiBuild partnership with developer Mike Greer to build 104 homes in West Auckland, Canterbury
Home builder and developer Mike Greer is set to build more than 100 KiwiBuild homes in West Auckland and Christchurch.The agreement to build 104 homes includes the first in Canterbury - and the cheapest KiwiBuild announced so far:... More
Fletcher returns to profitability, shareholders getting 8cps dividend
Construction company and materials manufacturer and distributor Fletcher Building is in a turn-around phase, changing last year's losses into profits this year and telling shareholders they will bet a dividend of 8 cents a share,... More
Let's build a container home: Hawke's Bay business sells off its masterpiece for cancer charity
From shipping container to "Life Box", a Hawke's Bay architectural design company is selling a newly built home to support people going through cancer treatment. Architecture and Interiors cottoned on to the shipping container trend... More
Big Northland avocado orchard ripe for picking
In Northland the land, orchard, buildings and infrastructure supporting a well-established avocado property and business are on the market at Poroti about 20km to the west of Whangarei.Vinni Bhula, horticulture sales specialist... More
Motorway works allegedly causing thousands of dollars in damage to homes: residents
More than 20 homeowners claim roadworks on Auckland's Southern Motorway is causing hundreds of thousands of dollars damage to their houses.Conifer Grove homeowner Gayleen Smith has an estimated $500,000 damage to her home with an... More
Precinct Properties' Commercial Bay project delayed: Fletcher payments withheld
Auckland's $1 billion office tower has hit further snags. Costs have risen and Fletcher Construction payments are being withheld at Precinct Properties' Commercial Bay office tower on Auckland's waterfront, but the business has... More
Rental squeeze grips country as rents climb to record highs in Wellington and Auckland
New Zealand's major cities are in the grip of a rental squeeze that is not only hitting students, but also pensioners and young professionals working as teachers, chefs and engineers.The demand has sent national rents soaring to... More
Got a spare $3m? Eco mansion on the market in Queenstown
A high-end Queenstown home on the market is distinctive for both its character and thermal efficiency.Built in Hawthorn Estates, in Dalefield, by Dowling Construction & Development (DCD), it's been owner Dennis Dowling's family... More
Consent-free cabin challenge spawns new Northland business
A challenge to build the most spacious cabin possible while still small enough to avoid council red tape has spawned a new Northland business venture. The Tube Room started from a discussion between builder Mark Christiansen and... More
Fletcher performance expected to be 10% behind last year
Construction company and materials manufacturer and distributor Fletcher Building could declare an interim result 10 per cent down due to a cement plant outage, the slowing Australian economy and lower land development profits.Fletcher,... More
Capital gains tax debate heating up: final recommendations out on Thursday
A capital gains tax would "add huge complexity to one of the world's simplest tax systems" according to an Auckland-based investment expert, but a chief banking economist disagrees and backs its introduction.Paul Glass, executive... More