Author Curreen

Property Trends
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An Australian ban on foreign buyers purchasing residential property will create a unique opportunity for New Zealand to secure billions in investment, according to a property expert Under legislation introduced by the Australian Government, foreign buyers will be prohibited from purchasing established residential dwellings from 1 April 2025 to 31 March 2027. Continue →
Housing
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Despite continuing growth in construction costs, data from the Building Research Association of New Zealand (BRANZ) indicates falling section prices are one of the reasons new builds are now more affordable The high cost of building continues to make new builds inaccessible for many, though it is becoming more affordable, with section prices down 15% ($35,000) from their mid-2022 peak. Continue →
Residential
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New Zealand is at risk of missing out on billions in foreign investment as uncertainty lingers around changes to residential property rules for overseas buyers, says Paterson Luxury Real Estate founder Caleb Paterson International investors are already shifting their focus to countries with clearer pathways like Australia and the UAE due to a lack of commitment from the Government. Continue →
Commercial
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JLL’s research reveals a significant mismatch between supply of sustainable office buildings and growing demand from occupiers with sustainability goals JLL are calling it the “green office revolution”, with new research uncovering a critical trend in New Zealand’s commercial real estate market – a significant gap between sustainable office supply and occupier demand. Continue →
Construction
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New Zealand’s construction firms of all sizes are facing relentless cost escalation, unpredictable weather, and mounting sustainability mandates, and are having to get smarter if they want to adapt and survive, says Wayne Potgieter from Avanza Solutions For too long, the go-to fix has been the humble spreadsheet—a tool that, while useful for spotting trouble, falls short of steering projects through today’s complexities. Continue →
Property Trends
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Another cut to the Official Cash Rate (OCR) had been expected, now bringing it to 3.5%, but it is not clear just how much further it and mortgage rates will fall, with current tariff uncertainty keeping a downward bias in place, CoreLogic Chief Property Economist Kelvin Davidson says The OCR decision reflects the fact that inflation remains well within the target band and that the economy is still subdued. Continue →
Construction
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Construction litigator Janine Stewart, who took on Mainzeal Property and Construction Limited prior to its liquidation, has an important message for the industry’s leaders to avoid meeting the same fate Mainzeal had been one of the largest commercial construction companies in New Zealand.  Continue →
Facilities Management
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Leveraging Wi-Fi and Internet of Things (IoT)-based solutions can significantly improve the efficiency of heating, ventilation, and air conditioning (HVAC) systems, reducing cost and environmental impact, says Fujitsu’s Kyle Rafter Smart buildings rely on efficient air conditioning systems to manage energy consumption and enhance sustainability. Continue →
Property Trends
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New Zealand’s housing market is coming out of its flattest summer in six years, in spite of falling interest rates, says Quotable Value (QV) Operations Manager James Wilson Our latest QV House Price Index shows residential property values have increased nationally by an average of just 0.5% in the three months to the end of February 2025. Continue →
Property Trends
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Falling interest rates are set to stimulate activity in the property market this year, as term deposits come to expire and investors seek higher returns, Colliers New Zealand Chief Executive Gareth Fraser says The Reserve Bank of New Zealand has forecast future cuts to the Official Cash Rate are on the horizon after they begun an easing cycle last year. Continue →
Construction
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The Apprentice Challenge celebrates up and coming leaders in the construction sector and puts their carpentry skills to the test in a six-hour challenge Apprentices build a project over the course of six hours in a battle for first place in their region, achieving bragging rights and a chance to win $10,000 in prizes at the national competition. Continue →
Property Trends
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Last year brought significant shifts in listings, average inventory, sales counts, and the days it takes to sell properties, REINZ reports As December concluded 2024, the New Zealand property market experienced a relatively quiet month, as indicated by the latest figures from the Real Estate Institute of New Zealand (REINZ). Continue →
Construction
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While the cost of building a house is still increasing, it is at a much slower rate than previously, CoreLogic finds The cost to build a ‘standard’ single storey three bedroom, two-bathroom standalone dwelling in NZ increased by 0.6% in the three months to December, half the 1.1% growth seen in the third quarter of 2024 and also below the long-term average quarterly rise of 1.0%. Continue →
Property Trends
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As we recover from a subdued market, REINZ figures show October to be a more positive month, with increases in sales and ever so slight increases in median prices, Chief Executive Jen Baird says There seems to be light at the end of the tunnel. Continue →
Commercial
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Previous cycles have shown that Official Cash Rate (OCR) cuts have preceded periods of economic growth — a prospect that is already positively influencing investor sentiment Results from Colliers’ latest survey of commercial property investor confidence clearly show the impact of the Reserve Bank’s decision on sentiment. Continue →
Construction
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Allowing certified building professionals to consent their own work may get houses built faster and for less cost, but insurance implications and the sector’s readiness are among concerns being raised Building and Construction Minister Chris Penk plans to develop a new opt-in self-certification scheme for qualified building professionals and accredited businesses. Continue →
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