Latest current account figures show New Zealand is headed for "banana republic" levels of debt faster than anyone expected, ANZ economist John McDermott said yesterday.

Newmarket's 33-year-old dairy and fruit shop has been swept aside by redevelopment in the swank Auckland shopping strip.

The property market continued to bubble along in August, with the nation's median selling price hitting a fresh high, according to figures out today from the Real Estate Institute (REINZ).

A shortage of commercial real estate in Auckland has reached crisis point with fears all available land could run out in just 10 years.

Aucklanders will soon receive confirmation of huge increases in the value of their homes, following three years of growth averaging 54 per cent across Auckland City, North Shore and Manukau.

The mystery businessman who bought 11 Herne Bay houses from the billionaire Sultan of Brunei is putting nine houses back on the market.

Apartment 3501, Metropolis, 1 Courthouse Lane, Auckland City.

AMP Property Portfolio is to launch a full takeover offer for Capital Properties.

One of the country's largest fund managers has hit out at finance company deposits, saying they pose an unnecessary risk for small investors.

Hong Kong's luxury real estate market is hotter than even New York's and London's.

Australia's largest real estate website has opened a New Zealand link, using allrealestate.co.nz. Simon Baker, chief executive of realestate.com.au, said more than 300 agents were signed up, advertising about 8000 properties for rent or sale.

buying into a heritage area can be an attractive option for a first-time homebuyer or developer looking to unlock unrealised potential. But sometimes the process can be time-consuming and costly.

Press Release: Property Council Of New Zealand

Press Release: Barfoot and Thompson

House values continue to rise and are up 14.7 percent nationwide for the 12 months to August.

Non-residential construction surged to a 12 year high in the June quarter, Statistics New Zealand figures out today show.