Southern Response making good progress

Press Release – New Zealand Government

Data for April has shown that in its first year of operation Southern Response, the government-owned company settling AMI policyholders Canterbury earthquake damage claims, has completed a third of the claims in its book. Read more »

Building starts at Long Bay

Press Release – Todd Property Group

The first homes at Long Bay are on their way to being built with work on the first home now underway. Mayor Len Brown has joined members of the Hibiscus Coast & Bays Local Board and Long Bay builders at an onsite ground breaking ceremony. Read more »

Court upholds targeted rate for Waimarama Domain purchase

Press Release – Hastings District Council

The court has upheld Hastings District Councils introduction of a targeted rate which helped pay for the purchase of the Waimarama Domain. Council bought the 5.9 hectare domain for $1.17m from the Society of St Mary Trust in 2011 and asked neighbouring … Read more »

Goodman Trust records 1st lift in portfolio value since 2008

Article – Businesswire

May 15 (BusinessDesk) Goodman Property Trust, which is managed by a unit of ASX-listed Goodman Group, recorded the first increase in the value of its portfolio since 2008, adding to accounting adjustments that contributed to a 92 percent jump in annual … Read more »

NZ houses overvalued by 25%, IMF says

Article – BusinessDesk

May 15 (BusinessDesk) – New Zealand housing is already overvalued by about 25 percent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund. Read more »

Investment trusts record highest returns

Press Release – Property Council Of New Zealand

New Zealand real estate investment trusts recorded stellar returns this past year, according to the Investment Property Databank (IPD) and reinforced by industry commentators at a seminar in Auckland today. Read more »

New Zealand commercial property return rises above long-term

Press Release – IPD

The Property Council New Zealand/IPD New Zealand All Property Index Q1 results released this morning showed a total return of 10.6% for the year ending March 2013. This was comprised of 7.9% income return and a positive 2.5% capital growth. The March … Read more »

Building bedrooms not enough

Press Release – New Zealand Labour Party

Todays move by the Government to act on overcrowded state houses is a drop in the bucket when hundreds of thousands of families are living in crowded private sector rentals thanks to a lack of affordable housing, says Labours Housing spokesperson … Read more »

Unitary Plan: myths busted

Press Release – Auckland Council

Mis-information is being spread about the draft Auckland Unitary Plan, which is causing misunderstanding and unnecessary concern amongst our communities. Read more »

Hamilton city housing stocks fall dramatically

Press Release – Lodge Real Estate

The number of homes listed for sale during the month of April 2013 in Hamilton city fell dramatically to 319. This compares to 369 homes listed in March 2013 and 398 listed during February 2013. Hamilton market sales were 250 homes in April … Read more »

$377 million for extra bedrooms and infill housing

Press Release – New Zealand Government

Housing Minister Nick Smith today announced two initiatives which will result in the building of up to 3000 new state house bedrooms and 500 new homes. Read more »

Christchurch homes sold by auction almost doubled since 2010

Press Release – University of Canterbury

The number of houses sold by auction in Christchurch has almost doubled since the 2010 and 2011 earthquakes, University of Canterbury (UC) research has found. Read more »

Banks Backs Convention Centre For Auckland

Press Release – ACT New Zealand

The Sky City Convention Centre proposal is a good deal for taxpayers and Auckland ratepayers and has my support, ACT Leader John Banks said today. Read more »

Environment Court Appointments Announced

Press Release – New Zealand Government

Attorney-General Christopher Finlayson today announced the appointment of Jim Hodges and Eileen von Dadelszen as Commissioners of the Environment Court, John Illingsworth as a Deputy Commissioner and the reappointment of David Bunting and Russell Howie … Read more »

Final week for Chch rental survey

Press Release – Tenants’ Protection Association

Tenants Protection Association (CHCH) reminds tenants that this is the last week for tenants to have their say with the TPA survey on the effects of rent increases post-earthquakes. Read more »

KIPT Annual Result To 31 March 2013

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust today announced its annual result for the year ended 31 March 2013, delivering an after tax profit1 of $109.8 million, up $20.6 million, or 23.1% on the previous year. Unit Holders will receive a full year cash distribution … Read more »

Distribution Reinvestment Plan

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust has today released a revised copy of its Distribution Reinvestment Plan booklet. Read more »

Reinvigorated Focus For Tourism and Leisure-Related Busines

Press Release – Bayleys

The on-going recovery of New Zealands economy has seen the resurrection of a specialist tourism and leisure focused sales division within real estate agency Bayleys. Read more »

Community Housing Peak Body applauds Auckland Accord

Press Release – Community Housing Aotearoa

The community housing sector faces a new era of opportunity and is ready to pick up the challenge presented by the Auckland Accord. Community Housing Trusts leverage resources not available to the private sector alone, and provide the ability to retain … Read more »

Call for the govt to fund Mackenzie Country Trust

Press Release – Federated Mountain Clubs

Trampers and mountaineers call on the government to establish and fund the Mackenzie Country Trust, proposed by the Mackenzie Shared Vision Forum today to protect biodiversity and tussock landscapes on 100,000 ha of private land in the Mackenzie Basin. Read more »

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