Property
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Economy
Free
Billions in property sales on ice: could lead to defaults
More than $200 million in daily residential property sales have been shelved until the end of April as buyers and sellers sit out the four-week covid-19 shutdown period.Latest estimates by the Real Estate Institute of New Zealand are that around 5,800 residential deals, worth som...
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Finance
Landlords and home owners eligible for mortgage holiday
First details of the trading banks' mortgage repayment holiday and government-backed emergency business lending package are emerging, with some banks confirming they will make mortgage repayment holidays available to both home owners and landlords who own rental properties.Only W...
Coronavirus
Many firms refuse to pay rent through the crisis
Many large businesses have unilaterally informed their landlords that they won't be paying the rent through the nation's lockdown and that could devastate the commercial, industrial and retail property sectors, the Property Council New Zealand said.The council represents the owne...
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Coronavirus
Free
Commercial property owners scramble, reacting to rent abatement demands
Commercial property owners are scrambling to respond to tenants' demands for relief from paying rent and at the same time trying to estimate what the damage to their bottom lines will be from the coronavirus crisis.Kiwi Property Group was the canary in the coalmine when it told N...
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Oliver Lewis
Infrastructure Editor
Oliver Lewis won the local government reporting category at the 2023 Voyager Media Awards. He is part of our investigations unit and also covers infrastructure, housing and employment issues. Formerly with Stuff/The Press, Oliver has also written for the Guardian and North & South.
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articles by Oliver