Auckland prices down 0.1%, NZ up 3.4%: Real Estate Institute compares June to July sales

Key Points: Auckland median sale prices fell marginally in the past month but the national median prices rose 3.4 per cent during the same period, the Real Estate Institute says. … Read More

Income up but Precinct Properties NZ’s valuations hit by pandemic, drop $66.3m

Precinct Properties’ operating income rose in the past year but net profit after tax fell due to devaluations from the pandemic, particularly on big inner-city Auckland office blocks. The NZX-listed … Read More

Covid 19 coronavirus: All NZ rest homes move to alert level 4, ‘full lockdown, no family visits’

All New Zealand rest homes have moved to alert level 4, meaning strict lockdowns and barring family visitors, an industry chief has just announced. Simon Wallace, Aged Care Association chief … Read More

Coronavirus: SkyCity shutting Auckland casino, extends anti-Covid measures to Hamilton, Queenstown

Auckland-headquartered SkyCity Entertainment Group is shutting its Auckland casino but also extending anti-Covid measures to Hamilton and Queenstown. “SkyCity Entertainment Group advises that, from this morning, it will be closing … Read More

How elections impact on the market –

Tuesday 11 August 2020 Elections have an impact on property market activity, don’t they? Actually – it depends, new Colliers International research suggests. By The Landlord Conventional wisdom has it … Read More

Covid crunch: Fletcher Building drops annual result bombshell, flags $196m loss

Fletcher Building will make a $196 million loss due to the effect the pandemic has taken on the business, a reversal of fortunes after last year’s $164m profit. Chief executive … Read More

Vital Healthcare Property Trust net profit falls 37%, ‘challenging’ year due to Covid-19

Net profit after tax from Australasia’s only listed hospital, healthcare and medical property specialist fell 37 per cent to $58 million due to less spectacular revaluation gains and the business … Read More