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Property and Real Estate

Inside the mind of a market killer

Promoted Content -

The Trading Game: A Confession by Gary Stevenson is not your typical finance book. It’s raw, unsettling, and deeply personal—part memoir, part warning, and part...

Tenant ordered to pay $74K for damage and meth contamination

Daily Telegraph NZ -

A Papakura tenant has been ordered to pay almost $74,000 after the Tenancy Tribunal found he was responsible for extensive damage and methamphetamine contamination...

Banking Ombudsman rejects complaint over five-year fixed mortgage regret

Daily Telegraph NZ -

A couple who locked in a five-year fixed home loan in 2023 and later regretted the decision have failed in a complaint to the...

New Crown directors appointed to Airways and Kiwi Group Capital boards

DTNZ Business -

State Owned Enterprises Minister Simeon Brown has announced the appointment of two new Crown directors to the boards of Airways and Kiwi Group Capital,...

Kushner pulls out of controversial Belgrade redevelopment after legal and public pressure

Daily Telegraph NZ -

Jared Kushner, the son-in-law of U.S. President Donald Trump, has reportedly withdrawn from a high-profile real estate project in Serbia following mounting political controversy...

ANZ lifts fixed mortgage rates

Daily Telegraph NZ -

ANZ has raised several of its fixed home loan rates, becoming the latest bank to respond to rising wholesale funding costs even as the...

Government sets out new planning system to replace RMA

Daily Telegraph NZ -

The Government has announced sweeping changes to the country's planning and environmental management framework, outlining both the structure of the new system and the...

Second Costco store confirmed for Auckland

Daily Telegraph NZ -

Costco has announced plans for its second Auckland store, confirming it will be built in Drury on a 6.4-hectare site purchased from Kiwi Property. The...

BlackRock accused of rigging U.S. housing market

Daily Telegraph NZ -

Concerns are mounting across the United States over allegations that large investment firms are systematically inflating home prices, pushing ordinary families out of the...

Six more MPs under scrutiny for undeclared properties

Daily Telegraph NZ -

An investigation by legacy media outlet NZ Herald has revealed that six MPs failed to declare property holdings under Parliament’s rules, following revelations that...

Inquiry launched into National MP’s undeclared property interests

Daily Telegraph NZ -

An inquiry has been launched into National MP for Whanganui Carl Bates after he failed to declare 25 properties linked to him and his...

Auckland Council approves high-rise housing plan

Daily Telegraph NZ -

Auckland Council has voted 18–5 in favour of a new housing intensification plan that will allow 10–15 storey high rises to be built around...

Waikato buyers left homeless as real estate agents fined for misleading lifestyle property sale

Daily Telegraph NZ -

Buyers of a Waikato lifestyle block say they have been left living in a caravan after discovering their new home was uninhabitable, uninsured, and...

Wealthy foreign investors can buy or build $5m luxury homes

Daily Telegraph NZ -

The coalition government has confirmed a new exemption to New Zealand’s foreign buyers ban, allowing wealthy “golden visa” investors to purchase or build a...

£8.5m illegal migrant property fraudster jailed in U.K. after duping 45 victims

Daily Telegraph NZ -

Mauritian national Anopkumar Maudhoo has been jailed for 10 years after admitting to 31 charges in one of the UK’s largest property frauds, swindling...

Rural ratepayers revolt over steep Auckland Council rate hikes

Daily Telegraph NZ -

Rural Aucklanders are furious over steep and unexpected rate rises, with some households facing increases of 20% to 72%, far above the 5.8% average...

Ōrewa family faces 72% rates hike on land they can’t develop

Daily Telegraph NZ -

An Ōrewa family’s annual rates have jumped from $6216 to $10,730 after their 1 hectare lifestyle block’s value rose from $2.68m to $4.135m, reflecting...

Shed and sleepout rules relaxed after red tape complaints

Daily Telegraph NZ -

Homeowners will soon face fewer restrictions when building garden sheds, garages, and sleepouts, with the Government moving to ease setback rules by the end...

Auckland property values drop 9% in latest council valuations

Daily Telegraph NZ -

Auckland’s new council valuations reveal a nearly 10% drop in average residential property values since 2021, with the updated capital values set to be...

Major banks cut interest rates

Daily Telegraph NZ -

Following a 50 basis point cut to the official cash rate (OCR) by the Reserve Bank, all major banks have reduced their floating mortgage...

Auckland homeowners face four-month delay for updated property valuations

Daily Telegraph NZ -

Homeowners in Auckland will wait an additional four months for updated capital valuations (CVs), originally due in May 2023, as Auckland Council addresses data...

Spain plans 100% property tax on non-EU buyers to tackle housing crisis

Daily Telegraph NZ -

Spain’s Prime Minister Pedro Sánchez has announced a plan to impose a tax of up to 100% on properties purchased by non-residents from outside...

Australian family loses $252K in targeted home purchase scam

Daily Telegraph NZ -

Sarah and Laine Robinson’s dream of homeownership turned into a nightmare when they unknowingly transferred $252,000 of their deposit into a scam account just...

Georgia woman arrested while attempting to reclaim home from squatter

Daily Telegraph NZ -

A Georgia woman, Loletha Hale, was arrested on December 9 and charged with criminal trespassing and making terroristic threats after attempting to reclaim her...

Falling property prices highlight market shifts

Daily Telegraph NZ -

High-end properties across New Zealand, including a $6 million Auckland penthouse now listed for $5 million and a $1.87 million Lower Hutt house asking...

29-year-old arrested over thefts at open homes

Daily Telegraph NZ -

Police have closed the door on an alleged burglar who targeted numerous Auckland open homes over recent months. A 29-year-old woman faces numerous charges following...

Vietnamese tycoon ordered to repay $11 billion to avoid execution

Daily Telegraph NZ -

Vietnamese property developer Truong My Lan was convicted for large-scale bribery in April and sentenced to death. A Vietnamese property tycoon convicted of large-scale fraud...

Tenant ordered to pay landlord $4K after causing $40K damage to property

Daily Telegraph NZ -

A tenant responsible for extensive damage to a rental property, totaling more than $40,000, has been ordered to pay $4085 to the landlord by...

Proposed Auckland housing project sparks concerns over traffic, schools, and community impact

Daily Telegraph NZ -

A proposal to construct 87 dwellings in Half Moon Bay, East Auckland, has received substantial opposition from local residents, with over 820 submissions lodged...

Mortgage rate competition heats up, expected to drop below 5% by Christmas

Daily Telegraph NZ -

New Zealand's banks are entering a competitive "war" over home loan rates, with mortgage brokers predicting that rates could drop below 5% before Christmas. ANZ's...

Government launches new ‘underwrite programme’ in effort to boost housing supply

Daily Telegraph NZ -

The government has introduced a new support programme aimed at stabilising the residential construction market during the country’s economic recovery. Announced by Housing Minister Chris...

Miami real estate mogul found dead during FBI raid linked to alleged murder-for-hire plot

Daily Telegraph NZ -

A Miami real estate mogul accused of poisoning his wife with fentanyl was found dead from a self-inflicted gunshot wound during an FBI raid...

Westpac cuts home loan interest rates following Reserve Bank’s shift on OCR outlook

Daily Telegraph NZ -

Westpac has reduced its home loan interest rates, becoming the first bank to make such a move after the Reserve Bank of New Zealand...

Mortgagee sales see increase amid economic strain

Daily Telegraph NZ -

The rise in mortgagee sales is becoming noticeable, with a 35% increase from the previous year. Despite this, such sales constitute a small fraction of...

Auckland real estate agent challenges mandatory Treaty training in court

Daily Telegraph NZ -

Auckland real estate agent Janet Dickson was in court today seeking a judicial review against the Real Estate Agents Authority's (REAA) mandate requiring all...

Property mogul’s multi-million dollar apartment up for mortgagee sale

Daily Telegraph NZ -

Nikki Connors is facing the sale of her multi-million-dollar two-bedroom apartment in Auckland's Orakei as a mortgagee sale. Despite signing a sale and purchase agreement...

Commissions and agents decreasing as real estate market faces challenges

Daily Telegraph NZ -

The real estate industry is facing tough times, with increased workload and reduced sales leading to a decline in the number of active salespeople. According...

Mortgage stress continues despite stable interest rates

Daily Telegraph NZ -

Although interest rates seem to have stabilised with the Reserve Bank expected to maintain the official cash rate at 5.5%, the fallout in the...

JP ordered to pay $1 million for selling decaying house in dodgy deal

Daily Telegraph NZ -

Justice of the Peace and QSM recipient Davinder Singh Rahal and his company First Trust Ltd have been ordered by the High Court to...

Empty offices – a catalyst for city centre transformation?

Daily Telegraph NZ -

As 'hybrid work' becomes the norm, businesses are downsizing, leading to an increase in vacant office spaces. Many companies now prefer smaller, high-quality spaces, a...

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