Kiwi Self Storage Fire: Summary and Update

Press Release – Peter Fowler

The Police are treating the fire are arson and have released CCTV footage of the alleged offender. No arrests have yet been made. Kiwi Self Storage operated the facility with no sprinklers, no automatic isolating fire doors and no externally monitored … Read more »

Original Canterbury pioneers’ cottage up for sale

Press Release – Bayleys

One of Canterburys first pioneer residences, Tod Cottage, is on the market for sale Read more »

New Zealand First’s Vision for New Zealand

Speech – New Zealand First Party

Ladies and Gentlemen, Rotary members and guests, thank you for inviting me here today. When the dust settles on election night 2014, New Zealand First will be in strong position which makes the policies we stand for extremely relevant. Read more »

Goodman Property builds three new developments for $44.4 mln

Article – BusinessDesk

April 14 (BusinessDesk) Goodman, the manager of Goodman Property Trust, said it plans to spend $44.4 million developing three new industrial properties. Read more »

DNZ Property Fund axes five jobs to cut costs

Article – BusinessDesk

April 14 (BusinessDesk) DNZ Property Fund, the worst performing property stock on the NZX 50 Index the past year, will shed five jobs, including two executives as it looks to cut costs. Read more »

Building Amendment (Earthquake Prone Buildings) Bill

Press Release – Ann Brower

The Select Committee has a great opportunity to improve upon the proposed Building Amendment (Earthquake Prone Buildings) Bill. The bill gives too much time to a group of buildings that is too large. In the 20-30 years that the bill allows, there is … Read more »

Hamilton housing market paradox: price not following volume

Press Release – Lodge Real Estate

Lodge Real Estates managing director, Jeremy ORourke, said the Hamilton residential real estate market can be characterised by one word: paradoxical. In the real estate market, a common adage is that price follows volume. What this means … Read more »

Interesting trends emerge in the credit demand cycle

Press Release – Veda Limited

New Zealands leading credit bureau, Veda, has reported some interesting movements in the credit demand cycle for the first quarter of 2014. Personal loans are up 12.5% on the same quarter in 2013. Hire Purchase applications have risen by 4.3% for the … Read more »

Property development financiers reach aggressive targets

Press Release – New Zealand Mortgages and Securities

In their first full financial year, NZMS, New Zealands fastest-growing property financier, has achieved its number one goal. The team set out to lend $100 million in their first year. With $96.7 million of approved limits at the end of March, they … Read more »

March NZ house sales drop 10% as loan curbs bite

Article – BusinessDesk

April 11 (BusinessDesk) – New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Banks restrictions on low-equity mortgages continue to weigh on sales of cheaper property. Read more »

Farmers back major Local Government NZ funding review

Press Release – Federated Farmers

Federated Farmers is fully behind a fundamental review by Local Government New Zealand (LGNZ) into the way local government and local roads are funded. Read more »

Hawke’s Bay Disaster Damage Policy Reviewed

Press Release – Hawke’s Bay Regional Council

Hawkes Bay Regional Council has reviewed its Disaster Damage Risk Management Policy. This policy covers the provisions HBRC has in place for the financial risk when Council owned/administered flood control and drainage schemes plus open space areas are impacted … Read more »

First home buyers shut out as LVRs bite

Press Release – New Zealand Labour Party

The bad news continues for young Kiwis as the latest Core Logic report shows the proportion of first home buyers has declined since LVR lending restrictions came into force, says Labours Housing spokesperson Phil Twyford. Read more »

Case to answer in relation to leaky school buildings

Press Release – New Zealand Government

Associate Education Minister Nikki Kaye said today that legal action will continue in relation to the supply of allegedly defective wall cladding materials by Carter Holt Harvey (CHH). Read more »

Summerset first-quarter occupation rights rise 3.4%

Article – BusinessDesk

April 9 (BusinessDesk) Summerset Group, the retirement village operator asking shareholders to boost directors fees 50 percent, lifted occupation rights in the first quarter from a year earlier. Read more »

$9700 per property WOF cost for landlords?

Press Release – NZ Centre For Political Research

Property investors should be very alarmed that the amount each landlord could be expected to pay for upgrades associated with a proposed warrant-of-fitness scheme is $9700 for each property, Mike Butler of NZCPR said today. Read more »

More buildings added to Earthquake Prone Building list

Press Release – Palmerston North City Council

More privately owned buildings have been added to the Earthquake Prone Building List. Nearly two years has passed since the Palmerston North City Council released its initial list of Earthquake Prone Buildings. At the time a further 400 other buildings … Read more »

Residential property value growth plateaus

Press Release – QV Valuations

The latest monthly property value index shows that nationwide residential values for March have increased 8.8% over the past year, and 0.1% over the past three months. This means they are now 12.6% above the previous market peak of late 2007. When adjusted … Read more »

Horse racing track selling surplus land to pay down debt

Press Release – Bayleys

One of New Zealands oldest jockey clubs is aiming to clear its debt and get back on track through the pending sale of land zoned for a residential housing subdivision. Read more »

NZ house values rise at slowest annual pace in 6 months

Article – BusinessDesk

NZ house values rise at the slowest annual pace in six months in March, QV says Read more »

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