Property

High Court Rules On Real Estate Boss

The High Court in Hamilton has found Waikato Real Estate Institute president Mark Winter did not cause Putaruru farmer Herman Jans humiliation and loss of dignity when he withheld information about the mortgagee sale on Jans' farm.

Wednesday, April 07th 2004

But by withholding the file, the court ruled, Winter interfered with the Jans' privacy rights and ordered him to pay $15,000.

The decision quashes an earlier ruling by the Human Rights Tribunal - the judicial forum for the privacy commissioner - after the High Court ruled it had erroneously assessed the damages.

The tribunal had ordered Winter in July last year to pay Jans $20,000.

The saga began after Jans claimed Winter, head of Bayleys Regional Realty firm in Hamilton, had undervalued his property, selling the farm and homestay lodge for about $300,000 when it was purportedly valued at $1.4 million.

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Property investors refocus on cash flow

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Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.

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