Latest from Residential Property

Commerce Commission inquiry into bank profits slated to launch tomorrow

It follows calls from the National and Green parties and the Reserve Bank for an inquiry.

White elephant: $7.2m loss as Sir John Key's former house resold

The resale was the biggest loss made anywhere in the country in the past five years.

Builder selling luxury homes while familes and creditors owed $10m

Size of debt owed to tiny home creditors almost doubles.

Subdivision nightmare: Two-year court battle as neighbours go to war

Joshua Hürlimann agreed to the restrictions - but he took the sellers to court anyway.

Chlöe Swarbrick: If it’s the economy, it's not stupid to define what that means

OPINION: Who does the economy work for when it comes to housing?

Community group ‘surprised’ by consent for controversial Kerikeri social housing block

But Kāinga Ora seems to have taken some community concerns on board, group says.

Latest data suggests ‘possible floor approaching’ in plummeting house prices

New reports from OneRoof, Corelogic and ANZ all suggest house prices may have bottomed out

'I am short $450 every week': OCR hike hits struggling homeowners

'We would have no other option but to migrate' - couple's reaction to latest increase.

Scarbro liquidator: Building sites being transferred back to customers

Information about the failure due out on Monday, explaining the fate of around 60 staff.

Record crane count reflects busy building sector

Queenstown had the biggest increase: crane numbers shot from eight last year to 15 now.

Property plunge: Largest first-quarter fall in 15 years

Property market downturn gaining momentum.

Scarbro was building 89 apartments for state's Kāinga Ora when it failed

Another major building firm calls in liquidators.

Big builder in liquidation after series of adverse events

Four big problems have devastated the company's ability to trade.

Big southeast Auckland rezoning application in for 3000+ new homes

The site is partly occupied by the Rydges Formosa Golf Course and Resort.

Wānaka developer insolvent, $440k owed to IRD

IRD appears on a statement of affairs, owed $448,000 as a preferential creditor.

Cyclone Gabrielle partly blamed for house consent applications falling 29%

Fall seen across nearly all regions, and Auckland becoming more apartment-friendly city.