Property news


$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.

Daughter ‘slightly horrified’ after mum buys ex-brothel
History-making Napier home snapped up for $475,000.

Napier keeps controversial site in strategy plan, Hastings votes no to building on fertile land
Two proposed residential development sites in Havelock North were removed from the FDS.

'They built it together': Son selling iconic winery eight years after dad's death
'Since my father died, my mother, she comes over here more to cry than anything else.'

Plans for 1000-plus homes on reclaimed Napier farmland cause concern
The proposal includes over 1000 new homes on reclaimed farmland near Hawke's Bay Airport.
Property news around NZ

Why waiting for the bottom of the market could cost you a packet
It sounds so simple: wait for house prices to hit rock bottom and swoop in.

‘Just bloody do it’: $1 reserve mansion sells for $3.5m after heartwarming twist
Owner wanted local family to be the next custodians of his home, so cancelled the auction.

Three deceased estates up for grabs on Waiheke Island
Properties hit the market within seven days of each other.

Damaged mansion sells for just $1.37m - almost $700,000 below RV
New owners haven't decided whether to repair the home or demolish it.

Racing duo's extra-large manor for sale - comes with indoor climbing wall and 18-car garage
Current owners reveal the secrets of standout Canterbury estate.

'Golden opportunity': 56ha of 'prime farmland' rezoned, approved for development
More than 450 homes could be built on the land.
More Hawke's Bay Property news

Xero founder Rod Drury got $12m for his Hawke's Bay mansion
The rich-lister's home set a record for the region.

Water funding remains problem for councils
A rural mayor says there’s no incentive for councils to band together in new entities.

Are 1576 new homes heading to the scrap heap? Full list of developments on hold at KO
Future of big housing developments hangs in the balance.

Hawke’s Bay apple industry: Newcomer buys 70ha of orchards amid industry shake-up
A German-owned newcomer has bought the apple orchards in Twyford.

Flaxmere lost New World, Havelock North gets new replacement store
Opening date announced for replacement supermarket in affluent, growing area.

$150m+ investment: Where are eight new Foodstuffs North Island replacement supermarkets going?
Economic downturn didn't dent our food market: biggest owner expanding, replacing stores.

'True to their word' – infrastructure chief on Budget 2024
'Government appears to have recognised the deficit with roading and rail maintenance.'

Where new supermarkets have opened and might rise soon
Where are new stores opening? One store shut in Flaxmere but that's been eclipsed.

Real estate agent wins court dispute over commission on $6.6m sale
Station was sold between brothers' trusts in a "family arrangement".

Freedom from secrecy and shame: How a sex abuse victim has transformed her life
'Now I live a life that I thought only existed in movies or books.'

Business backing huge solar farm fails, creditors want $12.3m
Council said the venture supported its aspirations. Now, it is a creditor.

Retirement village giant unveils $335m expansion at two NZ sites
Purchases allow the business with 36 existing villages to develop two more new ones.

Cyclone Gabrielle: Infrastructure to trump housing in possible $13b repair
Rebuild unlikely to have a big impact on reversing the slowdown in residential building.

Evacuations and no power: The fate of 1000 retirement village residents during cyclone
"Mobile generators were a godsend. In our new villages, we’re building generators."

Cyclone Gabrielle: 6 Summerset villages lost power, communications
"Ran essential services on generator power, fully supplied with food and medication."

'Selling a house is not a hopeless exercise': Inside Hawke's Bay's property market
Agents say the property market is slowly, but surely, improving.

House values fall close to 10pc in a year in Napier
Lines were once out the door. Now agents are 'lucky to get two or three to an open home'.

Top commercial property sales in 2022 - $1.4 billion of deals
Singaporeans and Australians were involved in some of the biggest deals.