Fletcher Building’s net earnings for the December half-year fell 8%, and taking out significant items they were down 33%, the company said today.
Read more →Sectors
Busiest January for agents in 4 years
Real estate agents
Read more →Stats NZ balances tenant & landlord costs to find overall housing costs unchanged
Statistics NZ produced figures yesterday to show that, on average, New Zealand households paid no more for housing costs in 2019 than they did in 2018.
Read more →7 commercial sales in Bay of Plenty
Bayleys agents in the Bay of Plenty have concluded 7 sales – 6 around Tauranga & the Mount, one at Katikati.
Read more →World property W19Feb20 –Goodman exiting Europe? And Goodman Group half-year
Unconfirmed report that Goodman selling out of Europe – Goodman half-year results
Read more →Migration – where from, and changes
The overall migration picture is not straightforward.
Read more →Net migrant inflow down 11.4% in year
New Zealand’s net migrant inflow in 2019 fell 11.4% from the previous 12 months, from 49,380 to 43,765, according to Statistics NZ’s calculation out today.
Read more →PFI lifts profit by 60%
NZX-listed Property For Industry Ltd lifted net profit last year by 60% to a record $176.3 million ($110.1 million in 2018).
Read more →Augusta defers tourism fund, expects earnings cut
Augusta Capital Ltd has deferred launching its Augusta Tourism Fund until the new financial year starting in April. It had expected to launch the fund in the first quarter of 2020.
Read more →Average new home size shrinks 21% from peak
The average floor area of new homes has shrunk by 21% over a decade, Statistics NZ revealed last week.
Read more →Epsom terrace & townhouse sell
A terrace & a townhouse auctioned by Bayleys last week, both in Epsom, were sold under the hammer.
Read more →3 Wiri properties plus one at Pokeno sold
2 Wiri industrial properties & a site zoned future urban, plus a Pokeno childcare centre have been sold by Bayleys agents.
Read more →Ya dreamin’
Ya dreamin’ Yep, I’m thinking, ‘Wouldn’t it be great to build a highrise apartment block in that gap, looking down at my factory built below’. No I’m not! I’m thinking, ‘Fund managers are pumping out investment proposals right now. I should check them out’. And those fund managers are thinking, ‘I should skip the global […]
Read more →How a Helen Clark Foundation research paper misses the nub of solving housing debacle
A research paper for the Helen Clark Foundation, out today, poses answers to New Zealand’s ongoing “housing crisis”. At all points, I feel it misses the nub of the issue.
Read more →Convention centre repair programme unlikely to meet APEC target
SkyCity Entertainment Group Ltd said yesterday the cost of the International Convention Centre fire last October was $240.6 million in revenue, $186.3 million in net profit after tax.
Read more →SkyCity takes $241 million hit from fire
SkyCity Entertainment Group Ltd said yesterday the cost of the International Convention Centre fire last October was $240.6 million in revenue, $186.3 million in net profit after tax.
Read more →WeWork signs up for 131 Queen St
Coworking & space-as-a-service business WeWork Companies Inc will open its first Auckland location next year at 131 Queen St.
Read more →Asset Plus signs council for Albany development, prepares for capital-raising
NZX-listed Asset Plus Ltd anticipates starting construction of Auckland Council’s new Albany service centre early next year, for completion in 2022.
Read more →All 5 apartments, plus a parking spot, sell at auction
All 5 apartments auctioned at Ray White City Apartments today, plus a parking space on its own title, were sold under the hammer.
Read more →Both apartments sell at auction
Both apartments auctioned at City Sales yesterday were sold under the hammer – one in the Volt on Queen St and the other in Citta on the corner of Symonds St & Khyber Pass Rd.
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