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

Rich Chinese are removing their money and assets from their own country and outbidding Aucklanders on houses, a worried real estate agent says.

Labour leader David Shearer has unveiled a new affordable housing policy to build 100,000 basic homes for first home buyers.

Prime Minister John Key said he didn't think prostitution law reform had worked in New Zealand.

Opponents of the Chow Brothers' resource consent say it could become New Zealand's first sex hotel and a drawcard for overseas and out-of-town sex buyers.

It is of concern that while individual home owners and property investors are being encouraged to reduce debt and increase personal savings.

Banks again are offering big loans to property investors, but they come with a warning to those who assume they can leverage their way into high returns.

The median house price in New Zealand rose to a record $380,000 last month as sales jumped by almost a third compared to October 2011, according to new figures.

I own a major airport, three retirement village operators, a chain of petrol stations, two power companies, two insurance companies, two banks and an iconic fast food operator. I don't own a house and never have.

Housing affordability is still a problem and the "housing market is not working properly'', says Finance Minister Bill English.

A lower-than-usual number of new house listings for this time of year resulted in record house prices last month, according to figures out today.

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.

On the face of it there were some positive responses to the 25 recommendations of the Hunn Report on the leaky-building crisis, writes David Kernohan,

The number of mortgagee sales in the first half of this year is close to figures last seen in the recession in 2009.

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