But statutory manager PwC says there’s no wriggle room on buyer agreements despite delays and changes to the development.
Central Otago Lakes again bucks the trend, as prices ramp up by 7%, while the overall market reflected a 'rare balance' of supply and price stability.
Property developer Austen Clarke goes unconditional in an old school neighbourhood in St Heliers, betting on properties valued at more than $16 million.
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.
Residential construction costs slowed to 1.1% over the past year, less than half the prior year as material supply chains play catch up.
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.
The experienced real estate agent was censured for not disclosing neighbouring development plans before selling a $2.85m Pt Chevalier home.
And more to come as the hangover from the high rate lending cycle persists.