- Nikki Connors owes over $130,000, with her company Propellor Property Investments in liquidation since May 2025.
- Connors, now reportedly in Dubai, has not contacted authorities; her company owes taxes and creditors.
- The liquidator is reviewing the company's records, as Connors has not provided a statement of affairs.
New Zealand's self-titled “queen of property” owes more than $130,000, according to newly released documents.
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A liquidator’s report, published yesterday, confirmed that Nikki Connors had not been in touch with authorities since her company was put into liquidation in May 2025 over unpaid taxes.
Connors is reportedly based in Dubai, and last week, a post on the Facebook account Nicolette Invest Dubai stated that she was "building a small, invitation-only network of top-performing, like-minded professionals who want autonomy and long-term growth. Not for everyone. Only for the right people."
Connors' company, Propellor Property Investments, owes $15,494,48 to the IRD and $118,366.08 to a handful of unsecured creditors, including Mercedes-Benz Financial Services New Zealand Limited, Employsure and Baycorp.
The photo of Connors that accompanies a recent post on the Nicolette Invest Dubai page. Photo / Facebook
The report states that the liquidator had reached out to Connors but had not heard back.
“The statement of affairs is still outstanding, and there has been no contact with the director who is understood to be now residing overseas,” the report said.
With no input from Connors, the liquidator said it was now going through the company’s financial records to build a picture of the company and its affairs.
OneRoof reached out to Connors for comment, but had not heard back at the time of publication.
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Connors was a prominent property coach and author known for hosting investment seminars around the country. Her company, Propellor Property Investments, claimed to coordinate the "entire process" for her clients, working with its sister company Metropolis Real Estate to find properties and arrange financial advice and due diligence reports.
However, her business empire started collapsing 2022 after the IRD applied to put its sister company Propellor Property Services, in liquidation. Propellor Investment Services was liquidated in May 2025, but Connors told The Post at the time that she had already stopped trading because of ill health.
Connors reportedly moved to Dubai in August 2024, and a few months later, the luxury apartment she once occupied on Grace Street, in Auckland's Orakei, was sold at a mortgagee sale after several price drops. OneRoof understand the sale price was $1.235m - almost $1m below RV.
A two-bedroom apartment previously occupied by Connors was sold at a mortgagee sale in 2024. Photo / Supplied
Last year, her financial adviser registration was cancelled following a ruling by Financial Services Complaints Limited. The Post reported in April 2025 that Connors labelled the ruling “disappointing and unfair” and that she had already cancelled her licence before it was deregistered because of her move overseas.
Connors appears to have landed on her feet in Dubai.
The Facebook page Nicolette Invest in Dubai is peppered with photos and brochures of Connors in the United Arab Emirates. The page describes Connors as an entrepreneur, broker and private wealth adviser who can help overseas investors – mainly from New Zealand, Australia and the US - buy apartments in the wealthy Arab country.
Nicolette Invest in Dubai promises exclusive access to apartments and townhouses with returns of $10% advertised.
Connors reportedly initially worked for Dubai-based real estate agency Haus & Haus and was more recently linked with Nordstern Real Estate until around October last year.
Last week, a post on Nicolette Invest in Dubai stated that Connors was in the process of recruiting agents. “After nearly 20 years in property investment, I know what it takes to succeed at the highest level,” the post said.
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