Welcome to the propertydirectory.co.nz weekly round up for the week ending 14th June 2020.

Each week we aim to give you a roundup summary of the top New Zealand property news. If you have an item you think is worth sharing with propertydrectory.co.nz readers, let us know.

Proposed $75 million Omokoroa town centre met with mixed reactions


The project which has been submitted to the Western Bay of Plenty District Council for resource consent is the brainchild of local business JACE Investments Limited.

NZ Herald

Centuria takes another tilt at Augusta with $169.5m bid

 ASX-listed Centuria Capital is making another tilt at Augusta Capital, offering $1 a share for the 76.7 per cent it doesn’t already own. 

NZ Herald

Days to sell hits longest in 111 months, Real Estate Institute says

New Zealand’s property market is still suffering from the Covid-19 blow, new data from the Real Estate Institute shows.

Stuff

Queenstown rental property prices in post-coronavirus freefall

Rents at some Queenstown rental properties have been slashed by half as landlords try to pay bills and entice tenants. 

Stuff

A surge of properties offered at auction wasn’t matched by the rise in sales at Barfoot & Thompson’s auction rooms

The number of homes being auctioned by Auckland’s largest real estate agency continues to grow strongly, although the sales ratio dropped back sharply last week.

interest.co.nz

Most of the commercial properties in the township of Pegasus, north of Christchurch, are up for grabs. 

Commercial properties at Pegasus township up for grabs      

Stuff

Realtor owner calls for wider KiwiSaver withdrawal criteria

Century 21 New Zealand owner Derryn Mayne is calling for the government to broaden its KiwiSaver withdrawal criteria to allow more Kiwis to access the scheme to buy investment properties

NZ Adviser Online

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