While expatriates and overseas buyers jockey for a sliver of Queenstown, another property boom is taking place in its shadow.

State-owned Kiwibank today joined other banks in hiking its floating mortgage rate.

Last year registered banks in New Zealand made about $610 profit from every man, woman, and child in the country - thanks in part to the real estate boom.

Kiwi Income Property Trust, New Zealand's largest listed property entity, has raised $50 million to buy Unisys House in Wellington.

Macquarie Goodman Property Trust (MGP) and Macquarie Goodman Industrial Trust (MGI) have conditionally agreed to buy an office and industrial park in Auckland for $72 million.

The Coromandel is transforming itself from a sought after holiday destination to one of the fastest growing districts in New Zealand.

Building standards have dropped during the past three years as Nelson carpenters struggle to work quickly enough to meet demand, a building inspector says.

IT sounds like a Greepeace manifesto for living. "Healthy, non-polluting buildings with cross breezes, re-cycled rainwater, thermal cooling systems and a rooftop garden for meditation." In fact it's the wish list - and the new reality - for a second generation of apartment dwellers. Their thirst for high-rise living is not satisfied with cookie-cutter apartments, little opportunity to express their individuality and scant consideration for the environment at large.

Bank of New Zealand’s aggressive anti-mortgage broker advertising campaign has clearly stirred up some strong feelings in the broker market, with some going as far as saying it is misleading and dishonest.

Motueka Maori land leaseholders will begin circulating a petition from Thursday in a bid to get the Government to revisit historic compensation payouts made to lessees.

RRESPONSIBLE BODY corporates could leave complacent apartment owners facing ruinous repair and maintenance bills, a property management expert warns.

Tasman district councillor Paul Sangster has bought a strategic piece of land in Takaka that the Golden Bay Community Board asked the council to investigate buying.

New Zealand's five big banks made bigger profits because of the booming housing market last year but growth in profitability may slow this year.

HSBC is continuing its aggressive counter to Bank of New Zealand’s anti-mortgage broker campaign, although it doesn’t want to say explicitly that this is its intention.

Trans Tasman Properties is close to selling two Auckland sites in deals that could fetch more than $90 million.

House prices may be through the roof but that's not putting off potential homeowners. Mortgage lending by the country's main banks rose 13.3% in the past year, according to a recently released survey.