Trans Tasman Properties has spent $112 million on a two-hectare (five-acre) development site in Hong Kong.

Economic activity increased 2.3 percent in the March 2004 quarter, according to Statistics New Zealand. This follows increases of 0.7 and 1.5 percent in the December and September 2003 quarters, respectively. For the year ended March 2004, the economy grew 3.6 percent, down from the 4.4 percent increase in the March 2003 year.

Forecasters are unanimous the Reserve Bank of New Zealand will raise interest rates for the fourth time this year in July, following sizzling first-quarter economic growth figures.

One of Auckland's best-known beaches is facing the prospect of buildings across the hills around it.

The Auckland City Council’s combined committees confirmed today that rates for the next financial year will once again be kept within the level of inflation.

A property company aiming to unlock the $250 billion New Zealanders have tied up in their own homes is about to make its sharemarket debut.

Wellington property company St Laurence Equities has raised its takeover offer for fund manager Rural Equities, despite claims by rival bidder Sir Selwyn Cushing that he has already reached a controlling 50.01 per cent stake.

A New Zealand real estate agent campaigning to sell Auckland apartments to Australians says he cannot keep up with demand from Sydney.

Growth in the March quarter is shaping up as a "stunner", with market expectations of about 1.6 per cent expansion - just over 4 per cent for the year, according to National Bank.

The securitization of prime mortgages into bonds is well established in New Zealand, and now the sector for non-conforming mortgages is starting to see similar levels of growth, market participants say.

New Zealand posted a better than forecast $174 million current account surplus in the March quarter, Statistics New Zealand said today.

Investors in managed equity funds continued to enjoy good gains as local and international equity markets grew overall in the year to May 31 according to investment research company FundSource.

The Christchurch City Council is set to slap homeowners with a rate increase of about 3.5 per cent.

The lifestyle block boom is growing, according to the latest Real Estate Institute sales figures.

New building standards to stop leaks will cost about $2500 a house - but the changes are predicted to save about $800 million in repair bills.

Dark clouds are gathering over the $10 billion finance company sector and one or two collapses are expected, a report out today warns.