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The following articles are sourced from The New Zealand Herald


Trade Me profit growth slows
Wed, 20 Aug 2014 07:38
Trade Me Group, New Zealand's largest online auction site, posted slower profit growth for 2014 and warned earnings would remain "subdued" in the coming year as it reinvests in its business.Trade Me profit rose to $80.1 million,...

 

Values soar: The impact on you
Wed, 20 Aug 2014 05:00
The soaring Auckland property market is about to deliver new individual valuations to thousands of homeowners.Some will be hoping for massive capital gains and others fearing the sharp end of spiralling rates bills.Auckland Council...

 

Auckland's property values jump 33pc
Tue, 19 Aug 2014 10:30
Property values in Auckland's super-heated market have risen 33 per cent since 2011 and ratepayers will soon get notices of big hikes.But Aucklanders should not fear a 33 per cent rate rise. Valuations are only one of the many factors...

 

Haves and have-nots divided by 'poor doors'
Tue, 19 Aug 2014 09:43
One new Manhattan skyscraper will greet residents of pricey condos with a lobby in front, while renters of affordable apartments that got the developer government incentives must use a separate side entrance - a so-called poor door.In...

 

KiwiSaver: Using savings the second time around
Tue, 19 Aug 2014 07:00
I bought a property in 2007 and I'm now selling it at a $30,000 loss as it is currently untenanted and costing me $2000 a month. It will allow me to move ahead with my life.I didn't use my KiwiSaver last time and would like to use...

 

Infrastructure report: A place to call home
Tue, 19 Aug 2014 07:00
Housing New Zealand is the country's biggest social housing provider, owning or managing over 68,000 properties nationwide, and providing homes for more than 200,000 New Zealanders.To put that number into perspective, there are...

 

$366m profit tipped for Fletcher
Tue, 19 Aug 2014 05:00
New Zealand's biggest NZX-listed business is forecast to declare a $355 million to $366 million normalised annual net profit after tax tomorrow, up on last year's $326 million.Forsyth Barr's Andy Bowley and James Bascand and Deutsche...

 

Office building refit puts art up for sale
Tue, 19 Aug 2014 05:00
Two out of seven floors of Fletcher House in Penrose have been refitted in open-plan style, partly prompting the sale of 55 works of art in New Zealand's most significant art collection.Art to be auctioned at the International Art...

 

Stylish stairs inspired by depot building
Tue, 19 Aug 2014 05:00
A stylish new staircase was installed this month on the City Works Depot office and retail site off Nelson St in Auckland's CBD.Nat Cheshire of Cheshire Architects, which designed the big steel stairs, said the two flights each...

 

Iwi arm pays well over CV for block
Tue, 19 Aug 2014 05:00
Ngati Whatua Orakei Whai Rawa has paid slightly under $70 million for a new Auckland office block with a council valuation of $35.5 million and new entrant Richlister Brett Russell appears to be the benefactor.In the biggest single...

 

Patrick Flannery: Do we really need a capital gains tax?
Mon, 18 Aug 2014 10:08
If Labour wins the election next month it plans to introduce a capital gains tax. Even if enacted in a partial form with exemptions, this would amount to the biggest expansion to the tax base since the introduction of GST in 1986,...

 

Properties not so hot despite prize features
Sun, 17 Aug 2014 05:00
Sea views, landscaped gardens and private jetties are usually prized real estate features.But some properties with these attributes have languished on the market for nearly 10 years.Real estate agents marketing the long-sell properties...

 

Mansion plan in Hart's hands
Sun, 17 Aug 2014 05:00
Plans for a lavish clifftop mansion - the unrealised dream home of former bankrupted Sensation Yachts owner Ivan Erceg - can be revealed for the first time.The opulent proposal is now in the hands of Graeme Hart, New Zealand's richest...

 

'Urgent' sale on city fringe as firm moves on
Sat, 16 Aug 2014 15:43
Urgent Couriers' office and warehouse property in Kingsland in the Auckland city fringe has been placed on the market for sale by auction following the company's decision to move to larger premises. <a href='http://colliers.co.nz/25431'...

 

Retail units in renewed centre lure investors
Sat, 16 Aug 2014 15:39
Six units in the Wairau Junction retail convenience centre on Auckland's North Shore, which are occupied by a mix of local and national businesses, are being offered for sale individually as part of Bayleys' latest Greater Auckland...

 

East Auckland hub hits the market
Sat, 16 Aug 2014 15:30
One of Auckland's longest established shopping centres, the Pakuranga Plaza, is up for sale offering a new owner a substantial cash flow from close to 100 tenants as well as significant development potential from a probable future...

 

Landmark tower sold in global bidding war
Sat, 16 Aug 2014 15:14
In New Zealand's biggest commercial office transaction for the past six years, Deka Immobilien, a German investment fund, has purchased Auckland's landmark Lumley Centre on Shortland St for $146 million.The sale on behalf of Australian...

 

Homewares hub a top spot with established tenants
Sat, 16 Aug 2014 05:49
A fully leased mixed-use building on a high-profile site at the gateway to the Link Drive bulk retail precinct in the Wairau Valley is being marketed as an add-value opportunity for investors. <a href='http://bayleys.co.nz /377101'...

 

German fund buys office tower as foreigners look beyond farms
Sat, 16 Aug 2014 05:00
Another prized Auckland office tower has changed hands, confirming that foreign investor fervour for New Zealand extends well beyond the farm.The $146 million sale of the Lumley Centre in Shortland St to German investment fund Deja...

 

Foreign land sales: the facts
Sat, 16 Aug 2014 05:00
The amount of productive New Zealand land in foreign hands is probably around 10 per cent - and growing.It is undoubtedly higher than the 2 per cent of rural land figure Prime Minister John Key drew on when attempting last week...

 

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