Property Talk: Tainui to sell 50% of The Base

Sally Lindsay and Chris Hutching talk about the latest in property news in Property Talk on NBR Radio and on demand on MyNBR Radio.

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Sally Lindsay and Chris Hutching talk about the latest in property news in Property Talk on NBR Radio and on demand on MyNBR Radio.

A half share in Tainui’s biggest asset is on the block as the tribe’s investment arm looks to diversify its portfolio and repay debt.

Sally Lindsay discusses the proposed sale and the implications for a buyer.

The Overseas Investment Office (OIO) is cracking down on foreign buyers who breach its rules. Two South Canterbury farming syndicates, with UK and US shareholders, have come under the gun and been heavily fined. Chris Hutching discovers the OIO is pleased with itself over the fines.

Auckland Council’s crowing about a report showing 64,000 houses could be built immediately within the city’s metropolitan urban limit has been rubbished by one of the experts involved in writing the report.

David Gibbs says there needs to be radical change in the way the city is going to allow for an extra 400,000 homes over the next few decades and has a few suggestions to make.

More than 18,000 Christchurch homeowners are in for a nasty surprise. Their LIMs are going to be tagged as prone to coastal flooding.  They have not been consulted or informed of the changes to their property details.