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Property and Build - Latest News [Page 1]
Property Lender Throws $600m Toward Kiwibuild Revival
Tuesday, 26 July 2022, 5:19 pm | Property and Build
The Government’s latest changes to its Kiwibuild scheme will make a real difference for developers and those looking for an affordable home, New Zealand Mortgages & Securities Director James Kellow says. Changes include an increase to the price caps ... More >>
Property Lender Throws $600m Toward Kiwibuild Revival
Tuesday, 26 July 2022, 5:18 pm | Property and Build
The Government’s latest changes to its Kiwibuild scheme will make a real difference for developers and those looking for an affordable home, New Zealand Mortgages & Securities Director James Kellow says. Changes include an increase to the price caps ... More >>
June Sees Hat-trick Of Property Value Drops
Tuesday, 12 July 2022, 4:02 pm | Property and Build
As the downturn sets in, and with interest rates set to rise further, greater consideration is now being given to ‘how long and how far will this go’, CoreLogic NZ Head of Research Nick Goodall says. CoreLogic’s House Price Index found property values ... More >>
Should Office Development Activity Still Forge Ahead?
Tuesday, 12 July 2022, 3:59 pm | Property and Build
New build office development activity is ramping up in Auckland, Wellington and Christchurch, but is now the best time to proceed, says Colliers. Development plans are being readied and cranes are popping up on the skylines of our major cities to ... More >>
Construction Costs See Biggest Jump Since GFC
Saturday, 19 February 2022, 7:20 am | Property and Build
The cost of both residential and non-residential construction rose more than 10% last year and similar forecasts are expected for 2022 according to the NZ Infrastructure Commission’s Quarterly report. “Infrastructure providers, property developers, ... More >>
Clearer Picture Of 2022 Property Market Forming
Saturday, 19 February 2022, 7:17 am | Property and Build
Decreasing sales activity and easing price growth are some early indications from REINZ’s latest figures for January. Across New Zealand, the number of residential property sales decreased 28.6% in January 2022, from 5,135 in January 2021 to 3,665. ... More >>
Construction Procurement Guidelines Published
Friday, 21 January 2022, 5:53 pm | Property and Build
The Construction Sector Accord has published new guidance to support government buyers and industry suppliers in applying broader outcomes in construction procurement. Broader outcomes are the additional benefits that can be achieved by the way a service, ... More >>
Will The Credit Crunch Kill The Housing Boom?
Friday, 21 January 2022, 5:49 pm | Property and Build
It’s harder now to get a mortgage than it has been at any point since the financial markets were deregulated in the 1980s under Prime Minister Robert Muldoon, says economist Tony Alexander. Mortgage brokers are reporting that clients who thought they had ... More >>
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 >>
