Property

Property investors trump NBR rich list 2006

The National Business Review Rich List 2006 published this month reveals property has been a major wealth-builder this year.Over 40 Rich List entrants made their fortunes in property development and most recorded increases in wealth over the past 12 months.

Thursday, July 27th 2006

New property developers on the list this year include Tauranga MP Bob 'the builder' Clarkson, who clocks in at $30 million.

Another property newcomer is Simon Henry, who enters the list at $70 million after building a strong commercial property portfolio in the country's main centres.

Other property identities marked a noticeable increase in their wealth, including Auckland Viaduct apartment developer Nigel McKenna, who was up from $75 million in 2005 to $100 million this year, and the Goodman family of Macquarie Goodman fame, who debut in the billionaires' club this year at $1.5 billion.

The National Business Review editor-in-chief Neville Gibson said the main centres of property investment were Auckland and Wellington, with Queenstown featuring for its lifestyle attractions.

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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