Home building costs rising but at slower rate
The average cost of building a home in New Zealand’s main centres has increased by 0.3% this quarter and 5.2% since February 2023, a much smaller percentage to recent years. Continue →
Real estate listings up but sales down
REINZ’s January statistics show that while there are significantly more properties on the market, buyer activity has slowed
January is usually a slower month for the completion of sales in New Zealand and this year is no exception with 2,995 properties being sold, Real Estate Institute of New Zealand (REINZ) Chief Executive Jen Baird says. Continue →
Clifftop build wins Australian Home of the Year
At the Housing Industry Association’s 2023 national Australia conference, the winners of the 2023 HIA-CSR Australian Housing Awards were revealed, with judges calling this year’s overall winner ‘a once-in-a-lifetime build’
The winners of the 2023 HIA-CSR Australian Housing Awards were unveiled before 550 industry leaders at the awards ceremony held as the final night of the HIA 2023 National Conference on Hamilton Island. Continue →
Aussie developer drops Auckland skyscraper project
ICD Property, the Australian developer working on Auckland’s tallest tower, has decided to exit the project, listing it for sale just months after winning approval
Jasmax Architects design for 65 Federal Street
ICD managing director Matt Khoo said the developer had decided to sell its first international site to allow it to pursue other projects in Australia. Continue →
Building product regulations on the way
New Zealand-based manufacturers, importers, retailers and distributers will be hit with new obligations to provide building product users with information about how building products contribute to compliance with the Building Code
The regulations will commence on 11 December 2023 by which time manufactures and importers must meet their obligations. Continue →
Property owners urged to do all the checks to avoid the traps
Work undertaken by unauthorised people, not only risks your health and safety – but may also invalidate your insurance policy, says PGDB Chief Executive Martin Sawyers
Owner and director of 5 Star Plumbing Ltd, Michael Mullany, was sentenced to a $6,000 yesterday at the Auckland District Court for doing restricted plumbing work with an employee, without a current licence. Continue →
Prize-winning construction business upskills in earthquake strengthening
A Waikato construction company has won one of four major national prizes in Xero’s inaugural Beautiful Business Fund and will be using its $20,000 prize money to train staff for an earthquake strengthening project next year
Xero, the global small business platform has awarded four New Zealand small businesses and non-profits a share of the $750,000 global prize pool as part of the inaugural Xero Beautiful Business Fund. Continue →
CoreLogic predicts 5% rise in house prices this year
Property values have risen for five consecutive months, however the pace of gains slowed to 0.3% in February – has the housing market at last stabilised into a period of slow and steady growth? Continue →