Property
Explore the latest property news by BusinessDesk.
Property
Auckland house sales jump, consents rise
Auckland real estate sales jumped almost 70 percent in February as a growing number of apartments came to market.The city’s biggest realtor oversaw 804 sales in February, up from 474 a year earlier and the most for a month of February in five years. While new listings rose 4.9 pe...
Property
NorthWest dangles higher payouts to Vital Healthcare investors
Vital Healthcare Property Trust's manager is promising investors their net distributions will rise about 10 percent, subject to a number of assumptions, if they approve its plan to change Vital's structure and list it on ASX.The benefits to the manager, which is owned by Canada-b...
Property
Metlifecare upbeat as profit improves by 28%
Metlifecare lifted first-half net profit by 28 percent to $24.6 million with increased resales volumes and higher selling prices. The retirement village operator, which is currently subject to a takeover offer, is upbeat about the local real estate market and expects more confide...
Property
Summerset sees no underlying earnings growth in 2020
Summerset reported an 8 percent lift in its underlying profit in calendar 2019 but isn’t expecting any growth this year - for the first time since listing - because it is paying its workers more and development margins are falling.The retirement village operator and developer sai...
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