Property and Build - Latest News [Page 1]

OCR Rise Won’t Deter First Home Buyers As Rent Increases Continue

Thursday, 14 October 2021, 5:40 pm | Property and Build

The Reserve Bank’s decision to lift the Official Cash Rate to 0.50% could see interest rates go up, but as long as servicing a mortgage remains comparable or cheaper than paying rent, prospective buyers will not be put off, says Century 21 New Zealand ... More >>

Housing Market Momentum Continues To Wane

Thursday, 14 October 2021, 5:37 pm | Property and Build

CoreLogic figures show property values increased nationally by 1.4% during September, a reduction on August’s monthly growth rate of 1.6% and the fifth consecutive month of easing growth rates, says Head of Research Nick Goodall. With most of the country, ... More >>

Concerns Rental Market Will Worsen Following Tax Changes

Thursday, 7 October 2021, 8:39 pm | Property and Build

Interest deductibility changes kick in for landlords on 1 October, the Government has announced, going against Inland Revenue’s advice and ignoring recommendations from property industry leaders. The Government has confirmed its proposal to limit ... More >>

Landlords To Be Forced To Provide Rent Relief

Thursday, 7 October 2021, 8:32 pm | Property and Build

The property industry has spoken out against proposed changes to commercial leases, saying it fails to target struggling tenants most in need. The government has proposed to amend the Property Law Act 2007 by inserting a clause into commercial leases. ... More >>

Build-to-rent Finally Gaining Traction In New Zealand

Friday, 1 October 2021, 5:42 pm | Property and Build

Countries overseas have already adopted build-to-rent as a way to tackle housing issues – New Zealand may finally be catching up as Kiwi Property plans to construct the country’s first large-scale build-to-rent development. Located at Sylvia Park, ... More >>

Most Profitable Suburbs Revealed

Friday, 1 October 2021, 5:39 pm | Property and Build

Despite COVID, snap lockdowns and border closures, all major centres across New Zealand achieved price gains, with some suburbs increasing in value by more than $500,000 since August 2021, CoreLogic Chief Property Economist Kelvin Davidson says. ... More >>

Home Construction Costs Surge By 2.2%

Thursday, 23 September 2021, 4:31 pm | Property and Build

Residential construction costs rose by 2.2% in the June quarter according to CoreLogic’s Cordell Housing Index Price (CHIP), the largest increase ever recorded – Chief Property Economist Kelvin Davidson explains why. The construction sector has been ... More >>

The Booming Success Of Auckland Residential Developments

Thursday, 23 September 2021, 4:28 pm | Property and Build

Auckland’s record number of new dwelling consents and unprecedented construction activity is giving the city’s largest non-bank lender the confidence to scale up its available funding to an all-time high. While many finance companies are having ... More >>

Where Is Housing Most Affordable?

Thursday, 16 September 2021, 4:17 pm | Property and Build

The average property value in New Zealand is a record 7.9 times the average annual household income according to the latest CoreLogic Housing Affordability Report, though there is wide variation across the country. The figure is up sharply from ... More >>

Strong Spring Predicted For Property Market Following Lockdown

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

Despite the latest Covid-19 lockdown, New Zealand’s median property price once again reached a new record of $850,000, according to REINZ’s August figures released today. Median prices for residential property across New Zealand increased by 25.5% ... More >>

Plenty Of Real Estate Activity Under Level 4

Thursday, 2 September 2021, 4:44 pm | Property and Build

The quality of a property’s online marketing presentation is now more important than ever before, with real estate interest and activity still strong, says Century 21 New Zealand Owner, Tim Kearins. Online listings are enjoying some great traffic ... More >>

Property Sellers Make An Average Gain Of $347k

Thursday, 2 September 2021, 4:41 pm | Property and Build

CoreLogic’s quarterly Pain & Gain report shows 99% of New Zealand properties are being resold for a gross profit, the highest number on record, says Chief Property Economist Kelvin Davidson. New Zealand home owners are pocketing a record level of ... More >>

Is The Cooling Housing Market Just A Winter Lull?

Thursday, 26 August 2021, 10:35 pm | Property and Build

REINZ data shows the rate of house price growth is slowing, but Chief Executive Jen Baird says it is too early to tell whether this is the usual winter easing or if the Government’s intervention in the market and signalled changes to the OCR ... More >>

Reserve Bank Holds Cash Rate – What It Means For The Property Market

Thursday, 26 August 2021, 10:29 pm | Property and Build

Given the move back to Covid Alert Level Four, it’s no surprise that the Reserve Bank has chosen to delay an increase to the official cash rate, says CoreLogic Chief Economist Kelvin Davidson. Lockdown could mean that any looming OCR increase is more ... More >>

The Consequences Of Banning Oil And Gas Exploration

Thursday, 19 August 2021, 4:41 pm | Property and Build

Was banning oil and gas exploration a mistake? As New Zealand tries to move closer towards decarbonisation, last year saw the highest level of coal-based electricty generation in a decade, says Total Utilities Managing Director Richard Gardiner New ... More >>

Cordless Machines And Safer Technologies Will Save Lives

Thursday, 19 August 2021, 4:35 pm | Property and Build

Manual methods are being replaced by new ways of exerting maximum force with minimal risk to workers, says Enerpac’s Tony Cooper. Sometimes it takes a major problem to produce a major advance. This is the case for safety in the workplace -- recent ... More >>

Safety App A Crucial Element In Building Site Safety

Thursday, 12 August 2021, 4:12 pm | Property and Build

There are a lot of moving parts to a company’s health and safety programme but an app can bring them all under the same platform. In an environment of stringent regulation, it is essential for businesses to have a cost-effective platform to ensure ... More >>

Poor Immigration Policies Detrimental To Construction Sector

Thursday, 12 August 2021, 4:08 pm | Property and Build

New Zealand’s construction industry is riding a massive rebound in business confidence, but this may be undermined by skills shortages with 90% of construction firms having difficulty recruiting, finds Civil Contractors New Zealand. Findings from the 2021 ... More >>

$41.2b Property Sector Becomes New Zealand’s Biggest Industry

Thursday, 5 August 2021, 4:07 pm | Property and Build

Property has grown by $19.6b in the last decade to become our largest industry, making up 15% of the country’s total GDP, new analysis from Property Council New Zealand finds. The Property Industry Impact Report 2021, commissioned by Property ... More >>

Further Mortgage Restrictions Coming As House Price Growth Continues

Thursday, 5 August 2021, 4:01 pm | Property and Build

The Reserve Bank of New Zealand has announced plans to tighten mortgage lending standards, with the latest CoreLogic data showing nationwide property values increased by 1.8% over July. Property price growth has not slowed since June, which recorded ... More >>