ASB has announced it will be the first major NZ bank to offer asset rich but cash poor customers reverse equity mortgages.

This $8.8m property in Auckland's Castor Bay is one of the houses being marketed at a six-day showcase in Shanghai.

Tony Bouchier says his phone has been ringing red hot with support for a campaign to stop NZ farms being sold overseas.

A total of 110 Viaduct Capital secured depositors are owed NZ$7.8 million, including accrued capitalised interest. Under the Crown retail deposit guarantee 94 depositors owed NZ$7.3 million are covered.

A new survey shows the number of New Zealanders interested in investing in residential property has declined significantly, for the first time in several years.

A top economist says the property market is "stuck in neutral at best", but REINZ says property prices in the main centres are holding up well.

It's really easy to cut out the middleman.

A report prepared by business researcher Infometrics is predicting house prices will fall 4.1 per cent by next June.

Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.

The fundamental problems with the NZ housing market are coming home to roost, writes Bernard Hickey.

Receivers say they will make a payout to investors of between 1.5c and 2.5c in the dollar within the next 4 weeks.

Auckland house prices held firm in July, but the number of sales slipped, new numbers suggest.

A court was told this morning that businesswoman May Wang owes the company Latitude Asia $2.5 million.

Strategic Finance's trustee has appointed liquidators to the failed property lender - saying they will have wider powers than the receivers to scrutinise deals made.

It's clear the economy has become dependent on the debt growth fuelled by the housing market's ever-increasing values.