Commercial

Changes tipped for developers

Property developers could face more hurdles in getting large new projects approved after a Supreme Court decision this week.

Wednesday, May 04th 2005

Auckland barrister and Resource Management Act specialist Richard Brabant said the judgment was significant because it could change the approval process.

The court allowed an appeal by Westfield (NZ) and business group Northcote Mainstreet against approval for the Fox outlet shopping centre on the North Shore.

Mr Brabant said the decision was significant because it rejected a previous Court of Appeal decision and restored a decision made by the High Court at Auckland.

But it could also spell big changes for developers who sought to have large projects approved on a non- notified basis.

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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.

Heartland Bank - Online	6.69
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Unity	6.99
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ICBC	7.05
China Construction Bank	7.09
BNZ - Classic	7.24
ASB Bank	7.24
ANZ Special	7.24
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TSB Special	6.59
SBS Bank	6.79

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