Between them, these ‘Infamous Five’ have managed to destroy almost half a billion dollars from investors and lenders this year.
The adage ‘the bigger they are, the harder they fall’ is becoming a common refrain in current housing market.
Diverting almost 100% of construction materials is possible, design company says, as waste fees start to ramp up.
Kiwi Property Group, for one, is betting big on expanding its build-to-rent asset base on the back of booming population growth.
The ‘vertical’ development will feature 220 units, with penthouses expected to fetch $6 million.
Listed inner city property group beefs up residential plan by buying former McDonald's site in downtown Auckland for student accommodation.
Disenchantment with the real estate sector, while analysts generally give a poor report card.
NZ Super and KiwiSaver funds urged to increase property allocations, to promote sector liquidity.
Du Val fund manager calls for an 11th hour meeting with its build-to-rent investors as its main lender looks set to pull loan.
High rates continue to eat into unlisted property investment returns, with funds opting to sell down portfolios.