Stride Property group posts 44 per cent profit gain
Stride Property Group, which spun out its retail portfolio into a separately listed vehicle last year, posted a 44 per cent gain in first-half profit as growth in management fees and lower costs made up for a decline in rental income.Net... More
Two hundred Auckland high-rise buildings may have combustible cladding similar to Grenfell Towers
Auckland Council has identified 209 high-rise buildings which might have the highly combustible cladding like London's Grenfell Towers which burnt down in June, up from fewer than than 100 discovered initially. Ian McCormick, the... More
Introducing Westward Ho Rd, Auckland's 'cheapest' street in the latest council valuations
Crumbling brick-facades, overgrown lawns, a rusty caravan, a place of baptist worship, large commercial lots and a block of sober flats, visited monthly by drug-detecting canines, line Auckland's "cheapest" street. The people who... More
Federation warns landlords to check properties
A warning to check properties has been issued to all landlords who own more than 600,000 residences throughout New Zealand.The Property Investors Federation has issued advice to the investors after the District Court overturned... More
Investore profit triples on back of rental income boost
Investore Property, the property investor spun out of Stride Property last year, said first-half profit more than tripled as acquisitions boosted rental income and it benefited from lower finance costs.Net profit was $11.6 million... More
Business occupiers promised a Rose Garden
Retailers and other business occupants are being sought for 23 ground floor commercial units in the nearly completed first stage of probably the largest apartment project under construction in New Zealand.The units range in size... More
Catherine Masters: Discover the good life
David and Janine O'Sullivan had been living in Cambridge in England and watching a lot of TV shows such as River Cottage.They started thinking they would love their own lifestyle block so headed back to New Zealand with their... More
Sandra Goodwin: Couple's welcome setback
Tellingly Cara Parkins' Wellington-based dad, who finds Auckland a bit too big and busy on the whole, loves the tranquility when he stays at this now fully renovated Hillcrest 70s home. It's the first time his daughter Cara and... More
Graham Hepburn: Hunting for right flavour
As Matakana has grown and become a boutique destination, Jan Tipling has enjoyed the improved amenities but still values the peace and privacy of her property.At almost 12ha, the land that her husband Grant bought about 20 years... More
Brian Rudman: Gently weeping for my bungalow's bill
Nothing quite brought home to me the bonkers state of the Auckland housing market as Monday's release of Auckland Council's revaluation of my modest 212sq m slice of Ponsonby. It seems that in the three years to July, while I scribbled... More
Top five mistakes of commercial tenants
As part of a new publication for Auckland called Office Options, Barfoot & Thompson Commercial held an impromptu survey of landlords about the five most common mistakes made by tenants of commercial buildings. Office Options showcases... More
Dunedin property leased as wool store
In Dunedin an investment property is for sale and leased to PGG Wrightson Wool, which operates a wool store on the site, in the growing business location of North Taieri. The freehold property, at 176 Dukes Rd, is being marketed... More
Receivers seek buyers for Christchurch property
Receivers are selling 'as is, where is' a large, high-profile industrial property divided into two parcels on the Christchurch city fringe in Sydenham."Sydenham remains a keenly sought-after area and is a high growth location,"... More
Two Paraparaumu industrial land blocks
Two large blocks of Paraparaumu industrial land are being offered for sale separately in the wake of changes to the delivery of bus services in the region.The properties have been owned by Mana Coach Services Limited since 1992... More
Recent deals for Wednesday November 22
Taranaki Shell office A 5096 sq m office complex comprising an eight-level tower and another three-level building on a 3069 sq m comer site at 167 Devon St, New Plymouth sold for $9.1m at a 9.97 per cent yield through Tony Chaudhary... More
Queenstown site would suit hotel
Waterfront land in Queenstown CBD and on the main arterial routes through town, is suitable for hospitality or accommodation development.The property at 633 Frankton Rd - which is for sale by deadline treaty closing November 30,... More
Plans to bowl Hamilton's Victoria St buildings for giant park
The Hamilton City Council is discussing plans to acquire and bowl a suite of buildings along Victoria St to extend the newly developed Victoria on the River urban park to Embassy Park beside the proposed theatre.The council discussed... More
The Block NZ houses jump in new rateable values, but still still short of $1.3m plus touted
The Block NZ former properties have all grown in value well above the minimal profits reaped by contestants in the latest season of the reality TV show. All of the Northcote properties in the 2017 season saw a jump in new rateable... More
Laser light show marks New Zealand's tallest residential block
Site works have begun for Auckland's new $300 million-plus, 57-level Pacifica apartment and hotel tower between Gore St and Commerce St.A spokesman said preparatory works are under way and a pile driving rig would arrive in the... More
Auckland's cheapest house a 1-bedroom shack at South Head, Auckland Council valuations reveal
Auckland's cheapest house is a one-bedroom, one-bathroom home on Haranui Rd in South Head, with a new rateable valuation of $120,000.This was up $39,000 on the Kaipara Harbour home's 2014 valuation, which was just $81,000.It was... More