News

Ikea opening here: NZ debut at Kiwi Property Group site, Auckland's Sylvia Park

Ikea opening here: NZ debut at Kiwi Property Group site, Auckland's Sylvia Park

Swedish furniture and homeware giant Ikea is opening at Mt Wellington's Sylvia Park.

Two years after announcing it would open here, it has just announced an agreement to buy land at New Zealand's biggest shopping centre, owned…

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Barfoot & Thompson data: Auckland average house prices up 18.5% annually

Barfoot & Thompson data: Auckland average house prices up 18.5% annually

Auckland house sales volumes have surged and prices are up 18.5 per cent annually according to the city's largest agency which says more high-priced sales upped latest figures.

Barfoot & Thompson sold 1182 homes last month, well…

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Property developer Winton confirms IPO, raising $350m via pre-Christmas NZX and ASX listings

Property developer Winton confirms IPO, raising $350m via pre-Christmas NZX and ASX listings

Winton Land has today confirmed plans for an initial public offering to raise up to $350 million by listing on the NZX and ASX and it has a $200m cornerstone shareholder and $100m further commitments.

Chief executive Chris Meehan…

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Wellington house prices: New Zealand's first state home is now worth more than $1m

Wellington house prices: New Zealand's first state home is now worth more than $1m

New Zealand's first state house, in the Wellington suburb of Miramar, is now worth more than $1 million.

Wellington's rateable values (RVs) were released yesterday , updated for the first time since 2018.

It showed a jump…

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Wellington house prices: Singles driven out of the property market, as values jump 60 per cent

Wellington house prices: Singles driven out of the property market, as values jump 60 per cent

Accelerating house prices in the capital are making it nearly impossible for single people to get on the market, says a Wellington mortgage broker.

The capital's new rateable values (RVs) were released yesterday , showing more…

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Wellington house values jump 60 per cent, average land value more than doubles

Wellington house values jump 60 per cent, average land value more than doubles

The value of the average Wellington house has increased by more than 60 per cent in the past three years, and land value has more than doubled.

There are now no Wellington suburbs with an average value below $1m, and a handful…

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Auckland Council again delays CV revaluation due to Covid

Auckland Council again delays CV revaluation due to Covid

Auckland Council valuations have been delayed again after being told it needed to do more work on its numbers.

It means city home owners will now likely have to wait until March next year to find out what their property's new CV…

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New RVs for Wellington's most expensive homes - a jump of 41pc

New RVs for Wellington's most expensive homes - a jump of 41pc

Wellington's new rating values are out.

The city council assessed every property in the capital in September and homeowners can now check their new RV.

The council is set to release the overall data that will show how much the RVs…

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Property devaluations push Radius Residential interim profit down from $2.1m to $1.3m

Property devaluations push Radius Residential interim profit down from $2.1m to $1.3m

Newly-listed rest home specialist Radius Residential Care made $1.3 million net profit after tax in its latest half-year, down on the previous $2.1m due largely to falling revaluations.

Revenue rose from $59.4m in the September…

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Asset Plus interim profit falls 78%, $350m Auckland CBD office project downsized

Asset Plus interim profit falls 78%, $350m Auckland CBD office project downsized

Listed landlord Asset Plus suffered a 78 per cent interim net profit after tax drop, from $11.5m to $2.5m and it has downsized a $350m Auckland CBD office project because of the pandemic.

Investment property revaluation gains of…

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Multimillion-dollar fight over Glenorchy's Arcadia Station

Multimillion-dollar fight over Glenorchy's Arcadia Station

An Auckland company is suing an 83-year-old for $1.5 million in default interest over the blocked purchase of his farm near Glenorchy.

In March last year, The Station at Waitiri Ltd committed to buy Jim Veint's Arcadia Station at…

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Oceania Healthcare increases interim profit 22pc: Covid slows sales, Auckland construction

Oceania Healthcare increases interim profit 22pc: Covid slows sales, Auckland construction

Listed retirement village company Oceania Healthcare made an interim underlying net profit after tax of $27.5 million, up 22 per cent on the previous $22.5m but Covid has caused disruptions, particularly in Auckland.

Sales were…

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Humble home sells for twice its CV in booming Auckland market

Humble home sells for twice its CV in booming Auckland market

A humble 1970s Auckland home has earned its owners close to $2 million profit in just one decade of ownership, highlighting how far prices have skyrocketed ahead of the release of new council valuations.

The North Shore home on Sequoia…

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Tiny Arrowtown cottage goes for $1.85 million

Tiny Arrowtown cottage goes for $1.85 million

An historic one-bedroom, one-bathroom Arrowtown cottage - purchased about 70 years ago for £350 - sold this week for $1.85 million.

The property at 53 Buckingham St sold at a Bayleys Arrowtown auction on Tuesday, with bidding opening…

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Auckland property: Online bidding drives prices further - auctioneer

Auckland property: Online bidding drives prices further - auctioneer

By Ella Stewart of RNZ Auckland's housing market continues to soar despite the city spending more than 100 days in lockdown whilst bidders buy houses online.

Homes are being snapped up sight unseen by Kiwis desperate to return…

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13 minutes that saw Queensland woman lose everything

13 minutes that saw Queensland woman lose everything

A Queensland woman has been left devastated after losing her dream home, and potentially her entire A$29,000 deposit, because of an alleged banking error.

Dr Loretta McKinnon, a 43-year-old epidemiology academic, paid A$580,000 for…

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