Property managers need to be reined in, realtor organisation says

Profit driven: new build-to-rent complex at Sylvia Park. (Image: Kiwi Property)

Tue, 20 Feb 2024

One-third of New Zealand's two million residential dwellings are rentals and home ownership is at its lowest level in almost 70 years, according to data from Statistics NZ.A growing "nation of tenants" is being led by Auckland, where more than half of adults live in rental accommodation, a number that Stats NZ expects to rise to 60% within the next 20 years.That's as affordability – as a measure of household salaries versus house price – sits at close to 11 times in the city, according to data from property analyti...

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Retail

Warehouse drops guidance, loss now in scope

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QuiznessDesk, Tuesday, July 1

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

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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