Latest Property Related News

Big revaluation gains of $148.5 million boosted Precinct Properties' half-year profit, with the company, which owns Commercial Bay, declaring a $167.9m net after-tax profit, up 213 per cent.But revenue also rose 25 per cent to $97.1m...

Vital Healthcare Property Trust pushed net profit after tax up 60 per cent in its latest half-year results.The business which owns 42 hospitals, outpatient, specialist and medical centres here and in Australia declared a $91m net...

A father intending to sell a Wellington home to a developer and cut his daughter out of her inheritance has been temporarily halted by the Court of Appeal.John Cowan earlier took sole ownership of the home at Queens Drive in Lyall...

Hamilton City Council's controversial inner-city Victoria St buildings are now worth $2.37 million less than the $6.49m ratepayers forked out for them almost three years ago.The latest independent market valuation of the properties...

"Shocked" members of a Wellington suburb are scrambling to see if anything can be done to save a local church from possibly being demolished - despite the fact the building is to be considered for heritage status.St Matthew's Church...

A Glen Eden homeowner has filed a fresh complaint to Auckland Council claiming his neighbour's chickens have gone feral and continue to cause a nightmare even though the property had been sold.Chao Su, 82, first filed a complaint...

Nido, New Zealand's biggest homeware store, has announced it will shut after attempts to find buyers failed.A statement from receivers of trading business Magsons Hardware told how 60 jobs will be lost.McGrathNicoll said trading...

Retirement village owner-operator Summerset Group pushed up its bottom line profit 32 per cent but underlying profit fell 7 per cent when the company spent more during the pandemic.Net profit after tax, which includes unrealised...

Less spectacular property revaluations pushed NZX-listed real estate specialist Property For Industry's full-year net profit down 36 per cent, from $176 million to $113.5m.Property valuations did not rise as fast last year as they...

House prices may have soared through the biggest boom in two decades last year, yet that hasn't stopped one eagle-eyed buyer snapping up a classic timber villa for just $15,000.The November purchase was the cheapest in the land...

The University of Auckland has apologised to its vice-chancellor after she became embroiled in the backlash that followed the controversial purchase of a $5 million Parnell mansion she spent months living in.University staff and...

Trade Me has applied to the Commerce Commission for clearance to buy property business homes.co.nz.The Commission said it got a clearance application from Trade Me Limited to buy 100 per cent of the shares or assets of PropertyNZ,...

By Hamish Cardwell of RNZ A new study shows a quarter of renters who left their homes did so because their landlord forced them to.The largest research project on eviction in this country was presented yesterday in Wellington.The...

The developer behind one of New Zealand's biggest apartment jobs The International has put the company into voluntary administration, saying not all creditors will be paid.Gary Groves engaged Dominion Constructors to convert the...

SkyCity Entertainment Group's half-year net profit dropped 76 per cent from last year's $249.6 million to $78.4m. The fire at the NZ International Convention Centre, the pandemic and a settlement agreement reached with Fletcher...