Property news


House prices down in most regions in year to March
Prices either static or falling throughout NZ, only six areas had price rises lately.

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

Retirement village vacancies rise: Ryman's chairman Dean Hamilton explains
Opening three new hospital buildings in Auckland and Hastings pushed up vacancies.

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.'
Property news around NZ

Disgraced rich-lister’s mansion - ‘significant amount’ of buyer interest
Agent says heritage building is seeking "north of $7m".

Herald NOW: SkyCity suing Fletcher Building and Fletcher Construction for $330 million
Ryan Bridge talks to property reporter Anne Gibson on SkyCity suing Fletcher Building and Fletcher Construction for $330 million. Video / Herald NOW

SkyCity suing Fletcher Building for $330m over convention centre delays
SkyCity tried to resolve claims by agreement but said it was unable to do so.

Can tenants damage their rental and still get their bond back?
Landlords and tenants often disagree on the definition of fair wear and tear.

90 Mile Beach plot for sale at 'bargain' price of $295,000
The site lacks a home but has power, sewerage, a water tank, and a toilet.

Tony Alexander: Dream scenario for thousands of young buyers as investors sell, sell, sell
Plenty of options and discounts out there.
More Hawke's Bay Property news

JLL retirement village study: population up, companies adjust growth
Most older people do not live in such villages, even with 53,000 people there now.

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'.