Four months, still no buyers: PwC trying to sell Du Val properties
Bare land ready for unit development and a multi-level apartment block are still for sale.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Editorial: ‘Woke’ or not, political meddling in business sets dangerous precedent
OPINION: It's not for politicians to decide if banks are too woke it is for shareholders.
Politicians to grill bank bosses again; ASB CEO happy to ‘get the facts on the table’
ASB's half year profit rises by 2% to $763m.
Bank switching among mortgage holders hits record high
Floating or going short term makes it easier for borrowers to change bank.
Property Insider: Questions about ‘defective’ apartments
How can it be that 19-year-old apartments need $36.6m repairs or $82m rebuilding costs?
Apartment developer declares insolvency owing $3.76m
Unexpected cost rises, Covid delays, cooling market blamed for development failure.
'Shocked': Kingsland Apartments owners get $36m minimum fix-up bill
Owners of 2-bedroom places get three choices: $350,000, $643,000 or $800,000 fix-up bill.
ANZ follows rivals, cutting mortgage and savings rates
Bank's one-year fixed mortgage rates particularly competitive.
QV figures: How much has your home lost since the market peak?
We can't say 'peak to trough' because we don't yet know if we have hit rock bottom.
Du Val entity funnelled $6.7m to 8 affiliates amid $4.6m tax debt
The loans were made to eight Du Val entities and were all unsecured.
Mortgage wars: Another major bank cuts home loan rates as competition heats up
Kiwis can now get 5.99% six-month rates from three major banks.
Major bank cuts key home loan rate
One of New Zealand's major banks has moved early to cut home loan rates.
‘Full throttle’ - IRD steps up January liquidations for unpaid tax
Inland Revenue confirmed a busy start to the year with the number of court applications.
Hannah McQueen: Why earning good money won’t make you rich
Liam Dann talks to Hannah McQueen, founder of financial strategy firm EnableMe.
TSB Bank speaks up about 'unequal capital requirements and regulation'
Kerry Boielle on what the Taranaki-based bank needs to better compete with the big banks.
One crucial word was missed from NZX announcement: Summerset CEO
A word can change a meaning and that was the case with the NZX statement on Tuesday.
Kiwis making big waves across the ditch: NZ’s top expats in Oz
As more Kiwis head to Australian shores, our successful expats show how far we can go.
Bluestone Home Loans sold to ASX-listed Challenger for $597m
Challenger told Bluestone clients with direct debits that nothing would change for them.
Doing it tough: What households are dropping to cut costs
KiwiSaver holidays and insurance downgrades are some of the big cuts Kiwis are making.
Du Val downfall: From champagne, private jets to receivership and $250m debt
It was a lifestyle of flashy opulence - until the money ran out.
Ten most valuable deals by foreigners trading NZ assets in latest year
Value of deals in 2024 was less than half the value of those the previous year.
‘We didn’t have any food in the house’: NZ's highest paid female exec on childhood trials
ASB chief Vittoria Shortt talks to Liam Dann about her banking journey.
Legislation, losers and lessons: Andrew Bayly’s 2024
Minister Andrew Bayly sat down with Tom Raynel to discuss his 2024, and what comes next.
Fake lawyer claims: Kiwi fraudster labelled ‘charlatan’ in Dubai court
New Zealander with colourful history finds himself in third continent's courts.
Unconsented building work non-disclosure sees agents fined $18,000
Three Barfoot & Thompson agents pleaded guilty to unsatisfactory conduct in the case.
Du Val court hearing pencilled in
Judge this week will be considering PwC’s application for information in the case.
Florida funder loaned $28.2m to Rotorua housing project
Liquidator expects no loss to customers.
'It will not be the end' – Gloriavale CEO responds to BNZ closing accounts
Govt declines request to put statutory manager in place to manage Gloriavale's finances.
Editorial: Govt's Kiwibank move a good step in the right direction
OPINION: Ultimately, a public listing may be needed for it to reach a competitive scale.
Opposition to multi-billion dollar Beachlands scheme settled
'Development process can now move forward with the next phase of planning.'
Jenée Tibshraeny: Government caution on Kiwibank capitalisation a win – for now
OPINION: Why seeking local private investment in Kiwibank is a win for the Govt – for now.
Gloriavale risks closure after court allows BNZ to shut its accounts
Two-year legal dispute over BNZ's bid to ditch Gloriavale ends.
Popularity of short term mortgage borrowing surges – at a cost
Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.