Wairarapa Property Investors' Association

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News & Updates

Recent updates

  • Blue Chip investors' court victory
    A group of Blue Chip investors have won the right to void contracts forcing them to buy apartments. Five Supreme Court justices, led by Chief Justice Sian Elias, have ruled Blue Chip was effectively selling the investors debt securities without producing a prospectus or appointing a trustee, both of which are illegal under the Securities Act 1978.
    09-08-2012 more >>
  • Blue Chip directors, auditors hit with $40m claim
    Blue Chip liquidators have gone to court claiming more than $40 million from former directors and auditors of the failed property investment scheme.
    24-01-2012 more >>
  • Bank looks to eliminate fraudulent valuations
    ANZ Bank and PropertyIQ have been trialing a valuation clearing house system aimed at eliminating fraudulent valuations.
    01-09-2011 more >>
  • SFO starts new Blue Chip probe
    The Serious Fraud Office is to investigate allegations against an employee of the failed property investment group, Blue Chip, for alleged misinformation to investors and altering loan documents to induce financiers to lend.
    22-07-2010 more >>
  • Auckland central: Money in metropolis
    After a tumultuous few years, the Auckland central business district apartment market is finally regaining lost ground. Vicki Holder explores the concrete jungle for investment potential.
    08-04-2010 more >>
  • Accountants offer free help to Blue Chip investors
    Accountants throughout the country are offering an hour's free time to help struggling Blue Chip investors, the NZ Herald reported on Wednesday
    17-04-2008 more >>
  • Probe into property hard sell
    The Commerce Commission is investigating several alleged breaches of the Fair Trading Act by Blue Chip which may have broken a string of laws.
    26-02-2008 more >>
  • Blue Chip landlords advised to terminate leases
    Urgent notices are being issued to investors who bought properties from real estate businesses associated with Blue Chip telling them to terminate their lease deals
    19-02-2008 more >>
  • Diana Clement: Blue Chip hard sell left me cold
    Investors in hard-sell property investment company Blue Chip Financial Solutions Ltd may be wondering if they made the right investment decision.
    27-10-2007 more >>
  • Speed - wealth dream is just that
    Diana Clement looks at the dream offered by some of the companies selling one-stop-shop packaged property investments.
    09-02-2007 more >>

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