$24 million Waiheke estate to be auctioned next month after foreigner withdraws
One of New Zealand's most expensive properties listed for sale goes under the hammer next month after an overseas buyer withdrew due to frustration at our foreign investment regime.David Parkinson said the property he owns at Te... More
Want your first home? You'll need to spend $700 a week on your mortgage, report says
A typical Auckland first-home buyer would need take on a $600,000 mortgage and pay more than $700 a week just to get a foothold in the market.That's according to financial website interest.co.nz's latest Home Loan Affordability... More
Moving to escape the neighbours and traffic: Kiwis tell why they sold their homes
Most Kiwis who sold their homes recently wanted to upgrade to a better property, while others simply wanted to get away from their neighbours and Auckland's traffic, a new survey has found.The 2018 Perceptions of Real Estate Agents... More
Jenny Shipley and others ignored Mainzeal risk for almost a decade, court hears
Significant governance risks existed at failed construction company Mainzeal almost a decade before the company collapsed, according to evidence from veteran company director Sandy Maier.But directors, including former Prime Minister... More
Industrial in 'hotly-contested' St Johns
A freehold industrial property in the tightly-held area between Auckland's affluent eastern suburbs and the growing Sylvia Park commercial precinct is for sale or lease with vacant possession.Colliers International is marketing... More
CBD strata unit offices on the up
Strata titled unit offices in Auckland's CBD are becoming more desirable to invest in, says Tony Allsop, investment sales director for Colliers International.Allsop, who specialises in Auckland CBD property, sees occupier demand... More
Triple treat of properties across Auckland
A trio of large retail showroom premises, showcasing products ranging from dining room suites, kitchen flooring, and bedside cabinets through to car seat covers and engine spark plugs, has been placed on the market for sale.The... More
Small city site is a sales star
A property which sold at a land value of $19,298 per sq m, was one of three Auckland CBD properties to sell under the hammer at Bayleys' latest Total Property auction.The 285sq m freehold site at 6 Wolfe St, with a brick warehouse... More
Strawberry patch offers enviable lifestyle
An Ardmore rural property supporting a successful strawberry-growing operation is on the market for sale, complete with all its agricultural buildings, machinery and a large family home.Ray White agent Tom Rawson is selling the... More
Recent Deals for Tuesday September 25
Hastings Mega Centre Four modern bulk retail buildings totalling 7557sq m on separate freehold titles in Hastings' Park Mega Centre have sold for $21m at a 6.47 per cent yield through Sunil Bhana and Mike Houlker of Bayleys Auckland;... More
Auckland homeowners should be compensated for damage allegedly linked to Southern Motorway roadworks: lawyer
An Auckland lawyer has called for compensation for owners of homes allegedly damaged by roadworks on the Southern Motorway as the number of affected properties mounts.Lawyer Adina Thorn said the estimated $500,000 damage to Conifer... More
Rent in regions hits record high as summer rush pushes up prices
Rental prices continue to rise across New Zealand, with several regions hitting record highs. The latest Trade Me Rental Price Index shows the national median weekly rent was up 6.7 per cent on last year, remaining at a record high... More
Kerikeri retirement village expands by taking over 42 neighbouring homes
Residents of three Kerikeri streets likely to be swallowed up an expanding retirement village have mixed views, with some lamenting the loss of family homes and others seeing it as inevitable. In a series of public meetings last... More
Challenging times for apartment sales not helping $300m development in Auckland's cultural centre
A $200 million to $300m development in Auckland's cultural heart that includes converting the Civic Administration Building into apartments is languishing after two years.Auckland Council's development arm has been unable to clinch... More
Auckland University won't reclad block with Grenfell Tower-like cladding
Auckland University will not re-clad its business school building, despite it being included on the list of 25 blocks with Grenfell Tower-like cladding. The university said it had no concerns about the Owen G Glenn Building with... More
Barfoot & Thompson agent fined $6000 and boss $2000 after fight over views
A Barfoot & Thompson agent and her boss were fined $8000 for misleading advice about whether views would blocked by a nearby housing development. Agent Yan Lin and branch manager Tony Carter of Barfoot & Thompson's Torbay office... More
New $300m Park Hyatt Auckland will have a moat inside
It's big enough for three times as many guests but only 195 rooms have been built, a moat surrounds the commercial kitchen and details of room design was so important that prototypes were built in Beijing. Welcome to the first tour... More
From soaring ocean views to helipads, welcome to Auckland's most glamorous rentals
Golfing on your own south Auckland course or enjoying soaring Takapuna clifftop views - Auckland's most expensive rental homes are luxurious dream-worlds most of us can only ever dream about.While many Aucklanders rejoice simply... More
Big Wynyard Quarter retail level sale
A new street-level retail complex is for sale in Wynyard Central, a development by Willis Bond & Co, encompassing the ground commercial levels of three buildings in Auckland's rapidly expanding waterfront Wynyard Quarter. The three... More
Two Auckland city carpark blocks
Two freehold carpark blocks, with a total of 43 parking bays and on long leases generating a combined total of $185,583 in annual rent, are for sale in Auckland's central business district.One of the investment blocks contains 25... More