Story perspectives

Ascend Advisory Owes $1.8 M, Auctions Three Former Flipper Homes

5/26/2026

Summary

Story summary

Mortgagee Ascend Advisory Limited, which bought two state houses for $480,000, now owes $1.81 million to the IRD and creditors while selling three properties linked to flipper Ashley Dean Binnie after his companies entered liquidation.
The houses at 35 and 37 Stephens Crescent, Highbury, Palmerston North, will be auctioned on June 4, together or separately.
The renovated cottage at 54 Huamai Street in Mangakino, Taupo has a June 17 closing deadline.

1 of 1

Story summary

Mortgagee Ascend Advisory Limited, which bought two state houses for $480,000, now owes $1.81 million to the IRD and creditors while selling three properties linked to flipper Ashley Dean Binnie after his companies entered liquidation.
The houses at 35 and 37 Stephens Crescent, Highbury, Palmerston North, will be auctioned on June 4, together or separately.
The renovated cottage at 54 Huamai Street in Mangakino, Taupo has a June 17 closing deadline.