Construction
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Number of new houses nearing record high

34,672 dwelling consents were issued for the year to May, the highest since December 1974, putting us firmly in the midst of one of the three biggest new building booms on record, CoreLogic Senior Property Economist Kelvin Davidson says The latest dwelling consents figures confirmed that the ramping up of construction activity across NZ isn’t finished yet, despite signs of capacity constraints around labour and materials in the industry.  Continue →
Property Trends
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Selling a property: what NOT to do

Kiwi vendors are increasingly shying away from spending money on advertising their properties, but the benefits of investing in a strong marketing strategy can be huge, says Owner of Century 21 New Zealand Derryn Mayne Serious and targeted marketing will help deliver a faster, more efficient sale. Continue →

Design
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Benefits of greenwalls at home and in the workplace

Greenwalls work exceptionally well at minimising the effects of the concrete jungle associated with urban infrastructure, while improving social and economic value, says The Greenwall Company Founder Mark Paul Greenwalls in the home Indoors or out, a greenwall in the home not only beautifies the space, it also improves the air quality, provides insulation and improves the mood of each member of the household. Continue →
Engineering

Materials
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This self-repairing ‘Frankenstein’ concrete has limitless potential

A “Frankenstein-like” concrete capable of healing its own cracks and absorbing carbon dioxide could revolutionise construction and defence industries Ingrid Woodrow – The Urban Developer The new “living concrete”, being developed by researchers in the US, is at the forefront of a new class of low-carbon, designer living building materials or LBMs, according to a recent article in the New York Times. Continue →
Compliance & Legal
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Completed skyscraper ordered to remove 20 floors

Developers of a New York skyscraper have been ordered to remove as many as 20 floors from the top of its recently completed project Ted Tabet – The Urban Developer The 200 Amsterdam Avenue development, being delivered by SJP Properties and Mitsui Fudosan America, has been found to have exceeded zoning limits after developers “gerrymandered” a 39-sided zoning lot in order to add height and bulk to the project. Continue →

Training & Management
All News
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Centuria Capital walks away from $180m Augusta Bid

Australia Stock Exchange-listed Centuria Capital has withdrawn plans for a NZ$180 million takeover of one of New Zealand’s largest listed real estate funds management platforms Augusta Capital In a statement to the ASX, Centuria confirmed the deal, which had been a matter of consideration for a considerable amount of time, had been called off amid the coronavirus pandemic and ongoing market volatility. Continue →