The COVID-19 impact on NZ market dynamics
Several years of tightening market conditions across Auckland’s CBD and metropolitan office markets led to a ramping up of development activity that was projected to last over the next few years. Continue →
Browsing: Predictions
How will the tax ring-fence effect investor behaviour?
Although it’s not law yet, the tax ring-fence for rental property losses is likely to be approved and will apply to the current tax year, but CoreLogic Senior Property Economist Kelvin Davidson doubts it will dramatically change the rental property landscape
The proposed tax ring-fence for rental property losses isn’t in force yet, but it is currently going through the ‘bill to law’ process – which starts with a select committee and then ends up before Parliament for the final stage. Continue →
AI in construction forecast to explode in next five years
Artificial intelligence in construction is forecast to skyrocket in the next five years, according to a new report published by MarketsandMarkets
Researchers estimate that artificial intelligence in construction will balloon from US$407.2 million ($537 million) in 2018 to US$1.83 billion ($2.41 billion) by 2023. Continue →
What property developers need to know about the future of car parking
The growing trend towards electric and autonomous vehicles holds important lessons for Australasian developers, argues Australian expert Mosstyn Howell
While other countries around the world look to reduce car ownership levels, Australia continues to see it increase, he notes. Continue →
Tourism fatigue among 2018 hotel sector trends?
New Zealand is likely to start feeling the effects of “tourism fatigue” as record-breaking visitor numbers put an increasing strain on accommodation and infrastructure, a property expert says
Dean Humphries, Hotels National Director at Colliers International, says New Zealand’s tourism boom has continued unabated for the last five years, with 3.7 million visitors coming to our shores last year. Continue →
Offshore money to chase urban commercial property in 2018
Offshore attention turns to urban commercial property and off-the-plan residential investments as the government’s restrictions on foreign buyers take hold. Continue →