Nikki Connors

PHOTO: Nikki Connors. FILE

📉 Once a top NZ property mogul, now banned from giving financial advice after major FSCL investigation

24 April 2025 – New Zealand — Nikki Connors, long known as New Zealand’s self-proclaimed “Queen of Property,” has officially been stripped of her financial advice licence, marking a dramatic downfall in one of the country’s most recognisable real estate personalities.

⚖️ Her flagship company, Propellor Property Investments, is now deregistered, after failing to comply with a binding ruling by Financial Services Complaints Ltd (FSCL), which ordered the company to pay $136,671 in compensation to misled investors.

https://www.youtube.com/watch?v=USS3GwdsP34&pp=ygUNTmlra2kgQ29ubm9yc9IHCQl_CQGHKiGM7w%3D%3D

🧾 What Happened?

  • 📍 Connors’ company gave flawed investment advice to a family who mortgaged their home to buy an off-plan Auckland apartment in 2022.

  • 📉 The investment tanked. Property values fell, interest rates rose—and the family’s financial stability crumbled.

  • 📊 FSCL found Connors’ advice was “unrealistic and misleading,” failing to carry out proper needs analysis or use updated data.

  • 🚫 Propellor ignored multiple FSCL requests to comply with the ruling.

  • 🔚 The FMA was notified and the company was deregistered and banned from offering financial advice in NZ.

Nikki Connors’ premium apartment is up for mortgagee sale again

📉 Infometrics: Nikki Connors & Propellor Collapse

Event Details
🛑 Licence Status Cancelled (April 2025)
🏢 Company Propellor Property Investments
🧾 Compensation Ordered $136,671
❌ Payment Status Unpaid
⚖️ FSCL Outcome Ruling in favour of complainants
📅 Date of Investment Mid-2022
📈 Advice Issue Projected unrealistic capital growth
🏦 Complaint Lodged Early 2023

🚨 Who Is Nikki Connors?

Once hailed as New Zealand’s top property strategist, Connors was behind the Propellor/Metropolis Property Group, which once operated in Auckland, Hamilton, and Christchurch. She had built a multi-business empire linked to seminars, apartment sales, and investment advisory services.

But since 2022, her business empire has rapidly unravelled, culminating in:

  • 🧊 Liquidated companies

  • 🏦 Frozen assets by the High Court (2023)

  • 🛫 Departure to Dubai, where she now promotes international property via Instagram

📱 Despite her troubles in NZ, Connors continues to market Dubai real estate, although sources say she may no longer be affiliated with Haus & Haus Dubai.

https://www.propertynoise.co.nz/propellor-property-investments-statement-nikki-connors/

😡 Complainants Speak Out

The affected investors say they were given false confidence to mortgage their family home, with promises of building equity “within five to six years.” Now they’re left with:

  • 🔻 A devalued apartment

  • 🧾 Mounting debt

  • 🕳️ No compensation despite FSCL’s binding ruling

💬 “We are disappointed Propellor chose to walk away rather than take responsibility. We hope others can learn from our experience.”

https://www.propertynoise.co.nz/new-zealands-property-queen-calls-it-quits/

🧠 What This Means for Property Investors in NZ

📌 This case is a stark reminder to seek:

  • ✅ Registered financial advisers

  • ✅ Transparent documentation

  • ✅ Clear risk analysis

  • ❌ Avoid “guaranteed return” claims in volatile markets

💡 Always check the FMA Financial Services Providers Register before making any big investment moves.

What property guru Nikki Connors learnt from her financial failures

SOURCE: THE POST