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- Economy, Business & Finance 61
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News
National's $300k First Home Loan cap could lift prices
1+ day, 20+ hour ago (272+ words) National has announced it will scrap the current First Home Loan income limits and replace them with a single $300,000 cap for every applicant, whether single, coupled or buying in a group. The existing thresholds, $95,000 for a single person and $150,000 for…...
Hornby Quadrant $3b Christchurch warehouse hub
3+ day, 20+ hour ago (417+ words) The land 10km southwest of the Christchurch CBD used to grow apples. The Kain brothers ran their Apple Fields orchards there, and Heinz Wattie’s held a 61-hectare vegetable plot. Today that ground has been assembled into the 150-hectare Hornby Quadrant, and…...
K Rd leases snapped up before CRL opens
3+ day, 20+ hour ago (579+ words) The City Rail Link opens to passengers on Sunday, and the commercial market is not waiting for the patronage data. Around Karanga-a-hape Station, new leases are already being snapped up ahead of the opening, with Barfoot & Thompson commercial leasing agent…...
Samson Corp replaces failed builder Vivian Construction
6+ day, 20+ hour ago (542+ words) The Friedlander family’s Samson Corporation, a $2 billion-plus Auckland property business, has been forced to replace Vivian Construction with NZ Strong on a retail and commercial upgrade at 172 Jervois Rd, Herne Bay. Vivian Construction’s website and Facebook page have gone dark,…...
Botany Town Centre $450m sale tests NZ retail
1+ week, 20+ hour ago (327+ words) This is not just another listing. After years of soft consumer spending, higher funding costs and drifting valuations, a half-billion-dollar asset going under offer is a live pricing test. Whatever Botany achieves becomes the benchmark for how institutional capital is…...
DDL Estates collapse hits $98.8m, resets apartment prices
1+ week, 1+ day ago (524+ words) A collapsed developer selling apartments below cost is not, on its own, a market-moving event. What makes DDL Estates worth watching is the arithmetic behind it and what those forced sales do to everyone else’s numbers. When DDL fell over,…...
NZ real estate downturn tests commission-only agents
2+ week, 1+ day ago (176+ words) New Zealand real estate agents are almost universally paid on commission, a structure that prints money in a rising market and pays close to nothing in a stalled one. That trade-off is now on brutal display. Cotality property economist Kelvin…...
Winton Land governance crisis as Joyce quits board
2+ week, 3+ day ago (428+ words) Winton Land is a profitable property developer with a governance architecture that no longer functions. Founder and majority shareholder Chris Meehan holds 55% of the company’s shares, enough to block any constitutional amendment requiring shareholder approval. That single number explains why…...
ACT's property rights push and what it means for business
3+ week, 20+ hour ago (314+ words) That is the tension business owners should focus on. Property rights are being taken seriously for the first time in a generation, but the way you protect them determines whether you get legal certainty or a litigation machine. The Bill…...
Opportunity land tax could cost homeowners $14,000
3+ week, 3+ day ago (172+ words) The rural rate sounds modest until you apply it to farm-scale land values. Analysis from Caniwi Capital Partners puts a mid-sized dairy farm with $5.5 to $6 million of land value at $27,500 to $30,000 a year, with larger operations facing $50,000 or more. Federated…...