Boomers, returning Kiwis set the pace for new developments

Boomers, returning Kiwis set the pace for new developments
The Electric in Kingsland will cater to 'downsizers and empty nesters'.
Brent Melville
Kiwis are traditionally seen as low key, no frills folks, but that is starting to change as so-called boomers wake up and realise they are sitting on millions of dollars in equity after a lifetime of accumulating and throwing money into their properties.While they hang onto their traditional "beachside bach", they are also opting out of family homes and into city boltholes which allow them to keep in touch with their day jobs and favourite café.That has seen developers shift their focus to that part of the market, following the...

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Vector faces fresh complaint on unfair contract terms
Property

Vector faces fresh complaint on unfair contract terms

Vector faces more scrutiny over contract terms after Commerce Commission advice.

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs
Property

Vector ‘on notice’ for unfair contract terms; complainant now facing higher costs

A developer’s Fair Trading win against Vector feels like a loss.

Garth Bray 01 Jul 2025
Investore buys New Lynn Bunnings site for $43 million
Property

Investore buys New Lynn Bunnings site for $43 million

Investore Property has struck a deal to acquire the Bunnings complex in New Lynn, Auckland.The company told the market on Friday it had entered an unconditional agreement to acquire the property for $43 million.The 2.2-hectare site at 2–12 Titirangi Rd features an 11,000sq m buil...

Staff reporters 27 Jun 2025