Two years on from the heady days of 2007, Devonport has weathered the property bust better than anywhere else in Auckland.

Lombard Finance receiver PricewaterhouseCoopers says investors will receive a repayment later this month of 6.5 cents for every dollar invested.

Auckland's house price surge has prompted a warning that over-valuations are creating a bubble that will burst.

Auckland property has now recovered all the losses experienced over the past two years, says real estate company Barfoot & Thompson.

The company behind Wellington's $100 million Holiday Inn has collapsed.

A well known and "trusted" company is likely to offer Hanover and United investors a rival offer to Allied Farmers' proposal, a source says.

While hurting Hanover investors struggle with the loss of millions, the company's owners continue to splurge on upmarket properties.

Hanover investors will have to make a decision whether to approve the company's proposed debt-for-equity swap with Allied Farmers.

The $400 million deal by Allied Farmers to buy assets from Hanover Finance has been greeted with scepticism.

Hanover owners Eric Watson and Mark Hotchin are tipped to come off well from a proposed deal to bail out investors.

Allied Farmers has signed an agreement with Hanover Finance and its subsidiary United Finance worth approximately $400 million.

Hanover Finance says some of its property investments are showing signs of life.