Property and Build - Latest News [Page 1]

Housing Market Continues To Defy Expectations

Thursday, 22 July 2021, 4:30 pm | Property and Build

Median prices for residential property across New Zealand increased by 28.7% from $637,000 in June 2020 to $820,000 in June 2021. Additionally, 5 out of 16 regions reached new record median prices, 1 region saw an equal record and 20 districts reached ... More >>

China Builds 10-storey Tower In A Day

Thursday, 22 July 2021, 4:22 pm | Property and Build

Chinese company Broad Group released vision of the tower that was lifted into place and bolted together in 28 hours and 45 minutes, in what the company claims is the “shortest construction period” for a building of that scale. Broad Group built ... More >>

Commercial Property Market Outperforming Expectations

Thursday, 15 July 2021, 4:16 pm | Property and Build

Commercial office, retail and industrial markets, one year on from the end of New Zealand’s national lockdown, have performed more strongly than expected, according to a recent research report by Colliers. The report notes that the effect of lockdowns ... More >>

First Rumbles Of The Death Knoll For The RMA

Thursday, 15 July 2021, 4:09 pm | Property and Build

The government has released a draft of the first of three bills to replace the Resource Management Act 1991. The exposure draft of the Natural and BuiltEnvironments Bill will be followed by the Strategic Planning Act and the Climate Change Adaptation ... More >>

Will The Reformed RMA Actually Help Deliver More Housing?

Thursday, 8 July 2021, 4:28 pm | Property and Build

The Government has released the first draft of the Natural and Built Environments Act (NBA), one of the proposed laws meant to replace the cumbersome Resource Management Act (RMA) which has stunted New Zealand’s ability to build more houses. Reforming ... More >>

Where Are Property Values Starting To Drop?

Thursday, 8 July 2021, 4:22 pm | Property and Build

According to the CoreLogic House Price Index (HPI), which is the most complete and robust measure of property value change in the market, nationwide values increased by 1.8% over June. The figure shows a slight reduction on the 2.2% growth rate witnessed ... More >>

Online Retail Driving Industrial Demand

Thursday, 1 July 2021, 3:59 pm | Property and Build

In Australia, an extra 500,000sq m of industrial space is needed each year to accommodate consumers’ appetites for online retail, The Urban Developer reports. A CBRE report into the exponential growth of e-commerce and its impact on the industrial and logistics More >>

UN Declares New Zealand’s Housing Crisis A Breach Of Human Rights

Thursday, 1 July 2021, 3:43 pm | Property and Build

A United Nations report suggests New Zealand follow in Canada’s footsteps by adopting a human rights approach to housing policy and makes 27 recommendations for Government to address the crisis. The housing crisis is a human rights crisis in New Zealand ... More >>

Best Performing Suburbs In 2021 So Far

Thursday, 24 June 2021, 5:26 pm | Property and Build

Herne Bay remains New Zealand’s most expensive suburb (median value of $3.16m), but in terms of value growth, cheaper areas have been far superior. Reflecting better relative affordability and easier access for a wider range of buyers, Manunui in ... More >>

Housing Shortage Key Driver Of Unaffordable Housing Market

Thursday, 24 June 2021, 5:23 pm | Property and Build

Median prices for residential property across New Zealand increased by 32.3% from $620,000 in May 2020 to $820,000 in May 2021, driven by inventory levels being at their lowest point ever. Despite this, houses continue to sell at a record rate. ... More >>

Residential Construction Reforms Save Time And Improve Quality Control

Thursday, 17 June 2021, 5:14 pm | Property and Build

Amendments to the Building Act seek to improve the efficiency and quality of building work and ensure that any problems are resolved fairly One down and one to go The Building System Legislative Reform Programme is a series of legislative changes to ... More >>

Government Advances Forestry Agenda At Expense Of Steel

Thursday, 17 June 2021, 4:58 pm | Property and Build

Let science lead the way Forestry Minister Stuart Nash is well qualified to advance the cause for wood but 20 years in the sector does not qualify him to close one eye when it comes to complementary options, says publisher Mike Bishara, Scion Innovation ... More >>

Flatlining House Prices – Are The Forecasts Right?

Thursday, 10 June 2021, 4:29 pm | Property and Build

According to the CoreLogic House Price Index (HPI), nationwide values increased by 2.2% over May. This is a slight reduction on the 3.1% growth rate witnessed over April. CoreLogic head of research, Nick Goodall says this provides some evidence ... More >>

Changing Trends Influencing Award-winning Retail Projects

Thursday, 10 June 2021, 4:22 pm | Property and Build

As online shopping increases there is a push to create destination stores while harnessing the internet to drive visitation. Design, construction, market acceptance, financial performance, sustainability, collaboration and social outcomes are also ... More >>

Are Government Measures To Cool Housing Working?

Thursday, 3 June 2021, 4:10 pm | Property and Build

Policies announced by the Government to control the housing crisis have started showing results, but Kalkine Chief Executive Kunal Sawhney says more needs to be done. Real Estate Institute of New Zealand (REINZ) data saw house sales in April ... More >>

Development Of $305m Tower Restarts With New Design

Thursday, 3 June 2021, 4:01 pm | Property and Build

The NZX-listed company is one of the biggest owner-developers of premium city centre real estate in the country, and will redevelop the premium site on the waterfront in the heart of Auckland at a cost of $305 million. The second stage is aimed to ... More >>

First Home Buyers Losing Hope

Thursday, 27 May 2021, 4:01 pm | Property and Build

Nationally, first home buyers’ (FHB) market share in Q1 2021 was 21.5%, down from 24.8% six months ago and also the lowest since Q1 2018, according to the latest CoreLogic First Home Buyer Report. This hints at fatigue, with a growing struggle to keep up ... More >>

First Home Buyers Losing Hope

Thursday, 27 May 2021, 3:57 pm | Property and Build

Nationally, first home buyers’ (FHB) market share in Q1 2021 was 21.5%, down from 24.8% six months ago and also the lowest since Q1 2018, according to the latest CoreLogic First Home Buyer Report. This hints at fatigue, with a growing struggle to keep up ... More >>

Where Does Housing Fit Into Budget 2021?

Thursday, 27 May 2021, 3:51 pm | Property and Build

Finance Minister Grant Robertson announced his fourth budget, which will invest $3.8b in a Housing Acceleration Fund, insulate 47,700 homes and put $380m towards raising Māori homeownership, which currently sits at just 30%. $131.8m will also ... More >>

House Sales Starting To Decline

Friday, 21 May 2021, 3:51 pm | Property and Build

The number of residential properties sold in April across New Zealand was the highest number of properties sold in an April month for 5 years with 7,218 properties sold, according to the latest data from the Real Estate Institute of New Zealand (REINZ). ... More >>

 

 
 
 
 
 

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