Rotorua property news
'Enormously relieved' - Ex-mayor sells much-loved bach to locals
There had been overseas interest in the holiday home.
Wattle Park developer liquidated: Kiwibank owed $3.6m, Inland Revenue $1.09m
Project completed in January 2022 but developer blames Covid and the downturn for debts.
Historic villa for sale after fire mishap, overseas landlord wants out
Rotorua rental property has been vacant for two years.
$135m distributed last year by iwi to members
Distributions paid have increased by around 35% in the last five years: Phil Barry, TDB.
Asset values up only $100m since 2022: New report on 10 biggest iwi
Most iwi had positive financial returns in 2024, an improvement on 2023: latest report
NZ’s most expensive and cheapest streets revealed
Mansion fans and bargain hunters should check out these addresses.
Political legend selling her beloved bach - ‘it’s time for it to go’
She says her children thought she'd gone potty when she bought the rundown holiday home.
‘Crazy and unreal’: Bach bought for $300K sells for more than $2m
Buyer response had been "nothing short of phenomenal", says agent.
Baches for as little as $199,000 at NZ’s best-kept secret - but there’s a catch
Holiday homes on leasehold land at Lake Rotomā are in demand, say agents.
Out-of-town buyer carves up multi-million-dollar Lake Tarawera estate
He's keeping the luxury bach and selling off the rest.
Locals beat Chinese and American buyers with $10m purchase of Rotorua lodge
Sale price record for the district is well and truly smashed.
National, local companies are creditors of Rotorua housing project
The financier wants $28.2m; unsecured creditors are listed as being owed another $167,000.
Florida funder loaned $28.2m to Rotorua housing project
Liquidator expects no loss to customers.
Receivers, liquidator in charge of Rotorua's Mountview Green final stages
Receiver says 22 homes completed, not settled; 20 more in various stages of construction.
NZ house prices could rise 5% in 2025 as analysts signal market turning point
Also find out where house prices and rents rose fastest and slowest in NZ's year in review
The region that's overtaken Auckland as the most expensive to rent in
Trade Me Property’s latest Rental Price Index is out.
Luxury boutique properties under new management
The signings bring its management portfolio to 20 properties.
'Invaluable aid' for buyers: Three BoP suburbs make OneRoof’s ‘Hot 100′ list
'We all want to buy at an affordable price and to live in a suburb that’s on the rise.'
Homeowners' loan applications rejected - ‘they haven’t got any equity to play with’
Those who bought at market peak may have to wait some time before they can upgrade.
Singaporeans pay $40m for 24.9% of five-village retirement chain
'This is a capital-intensive business. We really want to expand' – chairman Bill McDonald.
McMillionaires: The McDonald's franchisee power list
Seven entities own more than 20 of the 180 outlets. We name them.
NZ’s biggest house-builder G.J. Gardner planning 30% franchise growth
'If you’re in a really tough game, go on the attack.'
Explained: Why would Kmart expand in this tough retail environment?
Boss from across the Tasman explains the reasoning behind Kmart's expansion here.
Property news around NZ
‘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.
Crushing 4% rental yield gap largest in 15 years – but many investors undeterred
'Rents are nowhere near enough to cover the mortgage for a typical debt-backed purchase.'
NZ projects short-listed for World Architecture awards
Stadium, university, retail, home, spa, bach, marae, office buildings are all on the list.
NZ’s most expensive secrets: Hidden mansions with $15m-plus price tags
Owners know their homes could take months to sell.
White Island Tours declares insolvency, liquidators appointed
Company struggled to raise money to pay a fine after eruption tragedy.
Airbnb landlords under pressure to sell
Property owners could be hit with higher rates bill if council's proposal passes.
Rotorua’s misery mile ‘derailed’ house prices in the city
Agents say emergency housing issues have been addressed, but the damage has been done.