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Property and Build - Latest News [Page 3]
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 >>
Is This The Turning Point Of New Zealand’s Property Market?
Thursday, 29 July 2021, 4:15 pm | Property and Build
CoreLogic’s quarterly market report indicates that the market is close to – or at – a turning point, Chief Property Economist Kelvin Davidson explains. This is mainly off the back of affordability pressures, the 40% deposit requirement and ... More >>
Stunning Queenstown Home Scores Multiple Awards
Thursday, 29 July 2021, 4:06 pm | Property and Build
Credit: Simon Devitt Building company DCD has won the Master Builders Southern Supreme Award and the House of the Year Award for its beautiful low-energy home Te Toka in Jack’s Point near Queenstown. The 820sq m Te Toka is completely self-sufficient ... More >>
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 >>
