PHOTO: Nikki Connors Propellor Property. FILE
📉 Propellor Property Collapses Owing $130K+
The real estate firm behind self-proclaimed “Property Queen” Nikki Connors has officially been tipped into liquidation, with initial reports showing debts of over $130,000 owed to creditors.
Propellor Property Investments was placed into liquidation by the High Court at Auckland in late May, following an application from Inland Revenue. The Official Assignee is now managing the liquidation process.
“Queen of Property” Nikki Connors’ Empire Crumbles: Propellor Property Investments Liquidated
👑 From “Property Queen” to Radio Silence
Connors, who had built a personal brand around being New Zealand’s “Property Queen”, has not made any public comment since the liquidation proceedings were made official.
The company had promoted itself as a specialist in property investment advisory, targeting first-time investors and middle-income earners with promises of long-term wealth creation. But behind the branding, Propellor was quietly building up serious financial strain.
⚖️ Previous Legal Trouble
This isn’t the first time Connors’ name has appeared in headlines for the wrong reasons. In 2024, Propellor was ordered to pay $136,000 in compensation by Financial Services Complaints Ltd to a couple who successfully challenged the company’s advice and service delivery.
That judgment, combined with ongoing scrutiny from tax authorities, appears to have contributed to the company’s final downfall.
“Queen of Property” Falls from Grace: Nikki Connors Loses Licence After $136K Ruling | WATCH
🧾 Liquidator’s Findings So Far
The first report filed by the Official Assignee reveals:
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💰 More than $130,000 owed to creditors
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📉 No comment yet from Connors or any representatives
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🔎 Ongoing investigations into the company’s financial history
It is unclear if any funds will be recovered for affected creditors.
Nikki Connors’ premium apartment is up for mortgagee sale again
🚨 A Warning to Property Investors?
The collapse of Propellor serves as yet another cautionary tale in the world of real estate investment schemes, particularly those fronted by personal brands promising easy financial returns.
Investors are being reminded to:
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✅ Check licenses and regulatory records
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📑 Get independent financial advice
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🧐 Be cautious of “celebrity” advisors with bold claims
📎 Summary:
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❌ Propellor Property Investments liquidated by High Court
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💸 Over $130,000 owed to creditors
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🤐 Nikki Connors has yet to comment
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⚖️ Prior compensation order in 2024 for $136K
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🚨 Investors warned to approach “property gurus” with caution