Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
The Christchurch-based developer has its sights set on Auckland, and also on a public listing.
Most borrowers will need to chat to their bank or mortgage broker in coming months, but will likely save about $4b in the process.
After debt covenant breaches, a forced capital raise, and halted dividends, investors in a Christchurch property are being offered a new management deal.
Tāmaki Regeneration has its sights set on 10,500 new state and shared ownership homes in Auckland's affluent east. It's taken 12 years to get to 2000, while it puts band aids on an existing portfolio of 2500 crumbling bricks and mortar houses.
Residential construction costs slowed to 1.1% over the past year, less than half the prior year as material supply chains play catch up.
The experienced real estate agent was censured for not disclosing neighbouring development plans before selling a $2.85m Pt Chevalier home.
While Queenstown Council took 18 months to come up with ‘commercially sensitive’ information on publicly owned assets.
And more to come as the hangover from the high rate lending cycle persists.
Rental listings were up 4% month-on-month during November, with ‘oversupply’ scenario tempering rental prices.