While digitalisation in the construction sector helps with the challenges of an increasingly competitive market, a by-product of this is attracting tech-savvy talent, Rob Bryant from InEight says Historically, the construction industry has been slow to keep up with the pace of an advancing digital world. Continue →

REINZ’s report of a 1.1 percent increase in house prices between May and June suggests the market has flattened out overall, which is better than most expected The New Zealand median house price increased 4.2% annually in June, from $816,000 in June 2021 to $850,000 in June 2022.  Continue →

Competition for the 2021 Supreme Award was fierce, with 109 properties from around the country vying for the top accolade, but in the end it was Auckland’s new 180m skyscraper that took home the award Precinct Properties’ landmark 97,500 sqm PwC Tower, part of the mixed-use Commercial Bay development, has won the Supreme Award at the 2021 Property Council New Zealand Rider Levett Bucknall Property Industry Awards. Continue →

A modular apartment block has taken shape in just 28 hours in what the Chinese developer claims is a world first, The Urban Developer reports Chinese company Broad Group released vision of the tower that was lifted into place and bolted together in 28 hours and 45 minutes, in what the company claims is the “shortest construction period” for a building of that scale. Continue →

A revolutionary new plasterboard design incorporating seaweed could reduce the carbon footprint of building materials thanks to the work of a Canterbury student 21-year-old Bachelor of Product Design student Andy (Minhong) Park has developed a biocomposite wall panel that uses algae – or seaweed – as a bio-filler to help the building and construction industries become greener. Continue →

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 →

Starting tomorrow, the isolation period for positive cases and household contacts drops to just 7 days, but does the risk outweigh the reward and how does this effect those previously infected? Continue →

Sharply rising interest rates and the large wave of refinancing of existing mortgages that will occur over the next year will test the declining property market, CoreLogic NZ Chief Property Economist Kelvin Davidson says CoreLogic’s quarterly market overview confirms that the slowdown of sales activity in the first quarter of 2022 has flowed through to a marked decline in property values and was one of many challenges to hit the market. Continue →