Chinese Investment Fell 60% Last Year
Chinese investment activity in the Australian property market has focused mainly on assets in the sub-$50 million range, with total outbound investment down under dropping 60 per cent Continue →
Browsing: Finance
Residential prices rise despite challenging conditions
Median residential property prices across New Zealand have increased by 1.2 per cent year-on-year to $525,000 according to the latest data from the Real Institute of New Zealand (REINZ). Continue →
First Etherum blockchain real estate purchase
Global property store and decentralized title registry Propy has made the world’s first real estate transaction on the distributed public blockchain network Ethereum. Continue →
Provida’s distribution centres offered for syndication
New Zealand food logistics company Provida’s four national distribution centres are being offered to investors through a proportionate ownership scheme. Continue →
Arvida boosts retirement village portfolio
Arvida Group Limited is to purchase three more retirement villages for some $160 million. Continue →
Auckland apartment market has only a year’s supply
Auckland’s apartment market is steady with just 12 months of supply remaining, a Colliers International research survey shows. Continue →
Precinct Properties upbeat on development prospects
Listed commercial property investor Precinct Properties New Zealand is confident of the future having lifted annual profit 17 per cent. Continue →
China investment to continue despite crackdown
China will still continue to play a major role in the global commercial real estate investment market despite the recent crackdown on overseas investment, says Dr. Continue →
More infrastructure needed, say business leaders
Business is relatively happy with the policy direction of New Zealand but wants to see more investment in infrastructure. Continue →
REINZ calls for LVR review as number of sales falls
The loan-to-value ratio restrictions are hurting house sales across the country and should be revamped for first-time buyers, the real estate industry trade body claims. Continue →
New initiative to transform infrastructure delivery?
Using Crown Infrastructure Partnerships to seed fund private investment in road and water infrastructure could dramatically increase housing supply, says Infrastructure New Zealand Chief Executive Stephen Selwood. Continue →
Ray of light for New Zealand’s housing crisis
Property Council New Zealand has welcomed the government’s announcement of a crown company to invest in housing infrastructure. Continue →
Precinct posts revaluation gain – with more to come
Precinct Properties NZ Ltd says its $89 million valuation gain in the year to June lifted the portfolio value over the $2 billion mark. Continue →
Colliers launches new peer-to-peer lending service
A new Colliers International service is providing an alternative to traditional bank funding solutions by matching commercial property investors to development and investment opportunities. Continue →
Please sir, can we have some more?
Auckland will get $300 million from the government’s new Housing Infrastructure Fund and will also receive extra funding later to help overcome the council’s balance sheet constraints. Continue →
Ten thousand more houses in the Waikato
The Housing Infrastructure Fund will provide 10,700 more houses across two major new subdivisions in the Waikato, Finance Minister Steven Joyce and Building and Construction Minister Dr Nick Smith say. Continue →
Five councils to receive extra infrastructure funding
Five of New Zealand’s fastest-growing councils will have infrastructure projects funded through the government’s $1 billion Housing Infrastructure Fund. Continue →
Kaikōura earthquake costs insurers nearly $2 billion
The total value of insurance claims for the 14 November Kaikōura earthquake is $1.84 billion as at 31 May 2017, the Insurance Council reports
Private insurers have received nearly 43,000 claims, of which over 31,000 are for residential properties. Continue →
Auckland Council to sell asset portfolio
Auckland Council’s Finance and Performance Committee has agreed to sell the final $130 million contained in its diversified financial asset portfolio, with proceeds used solely to fund public transport and stormwater infrastructure. Continue →
Explore infrastructure funding options, OECD urges
The OECD has called for greater exploration of options for funding public infrastructure in its latest New Zealand survey
The Organisation for Economic Co-operation and Development notes in its 2017 OECD Survey of New Zealand that the recent Auckland Unitary Plan will allow greater housing densification and some expansion of urban development limits, thus helping boost housing numbers. Continue →