Property Trends

Borrowers bet on rate cuts by locking in short-term mortgages

The proportion of short-term fixed mortgages has reached record levels, signalling that mortgage rates have peaked and that the medium-term outlook is downwards, CoreLogic NZ Chief Property Economist Kelvin Davidson says The CoreLogic NZ April Housing Chart Pack shows that 56% of new loans by value taken out in February were fixed on one-year terms compared to 36% in December. 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 →
Compliance & Legal

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 →

Training & Management

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 →
All News

Tough economic conditions blamed for stagnant property market

Increasing costs of living, high interest rates, and recessionary pressures all impacted the New Zealand property market in April, with new data showing a nationwide downturn in property demand, Chief Executive Sarah Wood says Demand in this context is measured by searches and engagements per listing, which are reliable gauges of buyer interest relative to available properties. Continue →