About 150 high-value coastal properties in the Coopers Beach area of the Far North could be at risk of sliding seawards on a sub-surface land movement unless urgent work is done to reduce stormwater flows.

New Zealand central bank Governor Alan Bollard will probably raise interest rates this week for the fifth time this year to slow the economy as consumer spending fuels inflation.

As we all know, fashions in the equity markets come and go - previous "strong buys" include emerging markets in 1993, European shares in 1994, technology stocks in 1999 and hedge funds today.

The economy has outstripped all predictions with its longest growth spurt since the 1960s. But the growing pains have the Reserve Bank worried, as James Weir reports.

Wellington-based property syndicator St Laurence is offering investors an opportunity to acquire an interest in the Hilton Hotel building on Princes Wharf, Auckland, through a $55 million proportionate ownership scheme.

Australian shopping centre operator Westfield and its Asian investment partners in joint venture company Auckland One have parted company over the multi-million dollar 10-year redevelopment of the 277 Broadway shopping centre in Auckland.The proposed development covers 7ha bounded by Broadway, Morrow St, Gillies Ave and Mortimer Pass.

Investment advisers will be in for a tickle up now Commerce Minister Margaret Wilson has decided to appoint a six-member taskforce to examine regulation of their industry.

The Reserve Bank will almost certainly lift interest rates next week, and again in late October, according to most economists.

Big City house prices in Australia are falling and the same thing could happen in New Zealand, according to Reserve Bank Governor Alan Bollard – who also warns that farm land is overvalued.

Reserve Bank Governor Alan Bollard today warned residential property investors to be wary about possible falls in house prices in the next couple of years.

Wellington-based investment group St Laurence is to buy Auckland's landmark Hilton Hotel on Princes Wharf St for $51 million and will fund the purchase through a "proportionate ownership scheme".

New housing consents dropped sharply in July, proving that the surge in June was an aberration largely caused by builders trying to beat fee increases from July 1.

Kiwi Income Property Trust unit holders are being warned not to sell to Australian company Ross Securities, which has offered to buy units at 94.75 cents each.

The second stage of development at one of Taupo's principal hotels is about to start.

More workers are being lumped into the ranks of the wealthy on the highest tax rate, as the Government's coffers continue to fill due to a buoyant economy.

A number of flood affected residents in the Henderson Valley area could be bought out by Christmas.