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Property prices firm up in June, but turnover low
House prices firmed up last month, but turnover stayed low said the Real Estate Institute.
Auckland house prices slump in June
Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.
House prices will fall: economists
Westpac economists expect house prices to fall about 2 per cent this year and another 2 per cent next year.
Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.
NZ housing 'still way overpriced' says English
New Zealand's housing market is "still way overpriced" by international measures, says Finance Minister Bill English.
Westin Hotel company in receivership
Receivers have taken control of the company which manages one of Auckland's top hotels, the Westin Lighter Quay.
Allied Farmers says it won't pay Hanover $5m
Allied Farmers says it will not be making a $5 million payment to Hanover Finance.
Building consents fall 9.5pc in May
The number of consents issued for new homes fell 9.5 per cent during May, following a 13.4 per cent rise during April, Statistics New Zealand says.
May Wang increases payment plan to 6c
May Wang has upped her payment to creditors in her failed property development company to 6c in the dollar.
May Wang creditors say yes to 2c payout plan
May Wang's creditors have "overwhelmingly" voted in favour of a repayment plan that will see them get 2c in the dollar back.
NZ needs 10,000 new houses - report
About 10,000 new homes need to be built in NZ to keep pace with population growth and ease the current housing squeeze, a new report shows.
St Laurence's National Property manager steps aside
The manager of National Property Trust has bowed to unitholder pressure and stepped aside.