Latest Property Related News

A humble 1970s Auckland home has earned its owners close to $2 million profit in just one decade of ownership, highlighting how far prices have skyrocketed ahead of the release of new council valuations.The North Shore home on Sequoia...

An historic one-bedroom, one-bathroom Arrowtown cottage - purchased about 70 years ago for £350 - sold this week for $1.85 million.The property at 53 Buckingham St sold at a Bayleys Arrowtown auction on Tuesday, with bidding opening...

By Ella Stewart of RNZ Auckland's housing market continues to soar despite the city spending more than 100 days in lockdown whilst bidders buy houses online.Homes are being snapped up sight unseen by Kiwis desperate to return...

A Queensland woman has been left devastated after losing her dream home, and potentially her entire A$29,000 deposit, because of an alleged banking error.Dr Loretta McKinnon, a 43-year-old epidemiology academic, paid A$580,000 for...

Listed medical landlord Vital Healthcare Property Trust has released further details of a A$165m ($171.6m) Adelaide project it has begun, taking to A$260m its South Australia work announced in the past month.The business has a three-stage...

Wellington homeowners can expect to see a significant jump in the value of their homes, after a "dizzying turn" in the market over the past three years. Rateable values (RVs) are used as a rough "shorthand" for what properties...

A Canterbury tenant has accused his landlord of jacking up his rent by $60 a week as retaliation for winning a $1000 payout at the Tenancy Tribunal.Luke Dyer said the increase comes just four months after his tribunal win in July.The...

Rising real estate valuations pushed listed landlord Argosy Property's interim net after-tax profit up by 11 per cent and tenants got $800,000 in rent abatements from pandemic lockdowns.Net profit after tax rose from $114.6 million...

The former family home of Margaret Mahy is up for sale again.Mahy died in 2012 and had lived in the three-bedroom house in Governors Bay near Christchurch since 1968, where she raised her two daughters.The house, at 23 Merlincote...

Interim net after-tax profit for listed Metro Performance Glass dropped 94 per cent from $7.6 million to $419,000 as the company was "significantly impacted by the Covid-19 lockdown".As previously announced, the company reiterated...

Kiwi Property Group declared a $143.2m half-year net profit after tax.This figure was up 164 per cent up on the prior period and was boosted by a $93.6m lift in property revaluations.The listed company with a market cap of $1.7...

From RNZ Around one in four commercial property rent payments fell behind during the ongoing Covid-19 outbreak, with Auckland lagging behind the rest of the country.Data from commercial property management platform Re-Leased...

New Zealand's largest privately-owned commercial developer plans to offset new building carbon footprints at a new $650 million office block by 120 per cent.Culum Manson, a director of Mansons TCLM, said the business planned to...