Trans Tasman Properties today said it had agreed to buy a "cornerstone" 34% interest in Clearwater Development in Christchurch for an undisclosed sum.

Reserve Bank governor Alan Bollard is promising more increases to come.

The former head of Bayleys Waikato has started a new property investment company and says his departure from the firm was "a blessing in disguise".

Tax reforms suggested in the McLeod Tax Review of 2001 could be picked up by a new government, according to the report's author, Rob McLeod.

The Reserve Bank today increased the Official Cash Rate from 5.75% to 6%.

Overseas "brokers" are still trying to trick New Zealanders out of their money.

Reports of strange events in properties surrounding a block of Thames residential land has left a developer fuming and Maori taking litigation.

New Zealand's central bank is poised to raise its interest rates, already the highest in the developed world, and leave the door open to more hikes to contain inflationary pressures.

Nearly 1000 Coromandel Peninsula coastal properties worth close to $1 billion could be affected by coastal erosion in the future, new research says, and an expert says further coastal development should be set back at least 100m from the sea.

To ensure New Zealand can meet its international commitments to full disclosure with other tax jurisdictions, the Tax Administration Act will be amended to impose new requirements on foreign trusts set up here, Revenue Minister Michael Cullen said today.

Hedge funds may have made fund managers pull their socks up - but the market is becoming overcrowded, says JP Morgan Fleming’s vice president of global portfolios Ed Walker.

Listed property investor Urbus Properties Limited has sold an office building in central Wellington for $5.9 million.

Trans Tasman Properties has sold its partly empty 15-level Citibank Centre office block in Auckland to ING Property Trust for $30.5 million.

The emergence of a "debt culture" is shackling people's ability to buy assets, says the New Zealand Institute's first policy paper.

The days of greedy developers skimming the cream off the managed apartment market in Queenstown were nearly over, Southern Lakes Realty project manager Warren White said yesterday.

Researchers are warning that the rising cost of homes could have serious implications for New Zealanders' health and education, and for the economy.