Receivers for Ross Asset Management have signalled they will start selling off some of its assets because its founder does not have the means to cover the costs.

A meeting between financial advisor David Ross and the receivers of his troubled business has borne little fruit.

A decision on plans for a 15-level brothel and hotel in Auckland's CBD will be out next month.

A Chinese company's bid to buy the Crafar dairy farms passed its final legal hurdle today after an attempt to block the deal in the Supreme Court was dismissed.

The Chinese conglomerate that bought the Crafar Farms this year is not ruling out the possibility of buying more New Zealand dairy land to fuel its exports to China.

North Shore businessman and Rich-lister John Copson has garnered local government support for his big plans to transform Takapuna.

More than half of Aucklanders think first-time home buyers should turn their back on the city to get on the property ladder, a Herald-DigiPoll survey shows.

Eleven Auckland suburbs now have average house values of $1 million or more - and New Zealand could have its first $2 million suburb by Christmas.

It could have been one of the world's cheapest homes with no reserve price at auction. Instead the three-bedroom Hamilton property sold for a respectable price.

Today's Herald QV Quarterly Property Report underlines how heated segments of the property market are - with Auckland again leading the way.