Property and Build - Latest News [Page 1]

Property Monthly Growth Rate Drops Back Below 2%

Friday, 10 December 2021, 5:26 pm | Property and Build

Tighter credit, reduced demand and the rising number of listings are set to act as headwinds for property value growth, says CoreLogic NZ Head of Research Nick Goodall. CoreLogic’s House Price Index (HPI) found property values were up 1.8% over November, ... More >>

Construction 4.0 Could Boost GDP By $8b

Friday, 10 December 2021, 5:22 pm | Property and Build

The adoption of 4.0 technologies in the construction industry will boost productivity and increase wages by billions, BERL research finds. Construction 4.0 is the name applied to the technologies that are driving the next great industrial revolution, ... More >>

Vendors Continue To Achieve Record Resale Results

Thursday, 25 November 2021, 5:04 pm | Property and Build

In the 25-year history of CoreLogic’s Pain & Gain data series, never before have more resellers (in proportional terms) made gross profits, says CoreLogic NZ Chief Property Economist Kelvin Davidson. New Zealand’s property owners continued ... More >>

The Strategy Behind Kiwi Property’s Success

Thursday, 25 November 2021, 5:01 pm | Property and Build

Kiwi Property reported a 164% increase in net profit in the last six months as it looks at breaking ground on new developments, launching a new asset class and identifying new funding streams. Kiwi Property today announced its interim financial result for ... More >>

Digital Solutions To The Financial Complexities Of Construction

Sunday, 14 November 2021, 7:09 pm | Property and Build

In the past year, several high-profile payment disputes in the construction industry have made headlines for all the wrong reasons, and a new Bill threatens to make things worse, says Payapps Chief Operating Officer Tony Simonsen. In 2020, 58% of unreasonable ... More >>

House Price Jump Start Of A New Trend?

Sunday, 14 November 2021, 7:06 pm | Property and Build

CoreLogic data shows New Zealand’s property growth rate experienced a mini-bounce in October, but can we expect this to continue into summer? Nationwide property values rose 2.1% over October, up from 1.4% in September and the first time in six months ... More >>

‘Certain Property Slowdown’ Data Confirms

Saturday, 6 November 2021, 9:37 pm | Property and Build

Despite a ‘strange and distorted period for the NZ economy and property market’, the latest CoreLogic Property Market and Economic Update for Q3 2021 confirms a cooling property market. Sales activity and property value growth have been cooling for a ... More >>

Lawyers And Multi-nationals Set To Profit Off Struggling Tenants And Landlords

Saturday, 6 November 2021, 9:32 pm | Property and Build

This move completely undermines the sanctity of commercial contracts by inserting a clause into every commercial lease in the country that neither tenant nor landlord has agreed to. It shows Wellington hasn’t listened to people on the ground. Despite ... More >>

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 >>