Press Release: New Zealand Property Institute

The residential property market is proving to be a bubble that won't burst, according to the latest figures from the Real Estate Institute of New Zealand (REINZ).

The average value of houses in Alexandra has soared from $129,000 in 2001 to $271,000, according to the latest valuations presented to the Central Otago District Council yesterday.

Auck City Councillor Northey tries to reassure property owners that health risk low from soil contamination

While much of the attention in the home loan interest rate battle is focused in the two-year fixed rate market – thanks to the Bank of New Zealand – there is a move to shift the battle to another area.

Census numbers purportedly showing falling home ownership should not be relied upon, retirement issues commentator Michael Littlewood says.

The residential property market is proving to be a bubble that won't burst, according to the latest figures from the Real Estate Institute of New Zealand (REINZ).

Press Release: Kiwi Income Properties Limited

Urbus Properties today announced a $14.5m redevelopment of the Waitakere Plaza into a bulk retail centre.

Listed residential property specialist Blue Chip NZ has branched into commercial investment as part of a $25.3 million purchase of properties for shares and cash.

Listed property investment firm Blue Chip today said it had agreed to purchase 63 residential and three commercial properties in central Auckland for $25.30 million.

A Breaker Bay home has sold for $915,000 – believed to be a record price for the seaside suburb.

Construction has started on Wellington's first major new four-star hotel in more than a decade, with work beginning on the $65 million Holiday Inn.

Tauroa Point near Ahipara has been sold.

TrustPower's ambitions to build more electricity generation in Marlborough are facing significant hurdles but the company remains optimistic about its plans.

House buyers are benefiting from falling mortgage rates as competition for market share hots up between the big five trading banks, the Real Estate Institute (Reinz) says.