Author Curreen

Property Trends
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Sales are down for farms, as is the median price per hectare, with a number of factors putting pressure on the industry, says REINZ Rural Spokesman Brian Peacocke Data released by the Real Estate Institute of New Zealand (REINZ) shows there were -126 fewer farm sales (-38.2%) for the three months ended August 2022 than for the three months ended August 2021. Continue →
Construction
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Above average preconstruction shows significantly higher client satisfaction, greater profits and fewer delays, yet fewer than one-in-five survey respondents are conducting above-average preconstruction This year, Procore partnered with FMI to survey 979 construction industry stakeholders worldwide. Continue →
Commercial
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The official opening of Bowen Campus Stage Two by Precinct Properties adds 10,049sqm of commercial property to the Wellington market 40 Bowen Street is the new home to EY, Fujitsu, Simpson Grierson and Dentons, with a Generator shared workspace offering on the Ground and First Floors, comprising a meeting suite and private offices accommodating around 300 desks. Continue →
Industrial
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Industrial precincts across the country have seen vacancy rates falling, rental rates rising and development activity surging as occupier demand for industrial workspace has boomed Demand for industrial workspace has escalated over recent years driving vacancy rates to multi-year lows across the country. Continue →
Sponsored
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The launch of new Autodesk Construction Cloud capabilities is set to give stakeholders access to critical model data with fewer steps, while powerful new features provide greater control over cost and schedule management A suite of new capabilities across Autodesk Construction Cloud is aimed at making it easier for construction project teams to use and maximise the value of BIM from the office to the field. Continue →
Property Trends
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School zones play a significant role in most families’ assessment of a property – they also help to hold a property’s value when the market is softer like now, says Century 21 New Zealand Owner Tim Kearins Century 21’s property managers and agents are noticing a lift in enquiries from prospective tenants and buyers as parents try to get their children accepted into certain schools for 2023. Continue →
Environment
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There is a lot at stake for those involved in property, as revealed in a study on what New Zealanders believe to be fair in relation to property being built on, bought or sold in areas that are known to be adversely affected by climate change The research has implications for the reputations of the myriad of organisations involved in climate action, from central and local government to real estate agents, developers, engineers, insurers and banks. Continue →
Construction
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A grant of close to $10.3 million will support a four-year research project focused on transforming the construction sector in New Zealand using Construction 4.0 approaches HERA, the heavy engineering research association, has been successful in the 2022 round of the prestigious Endeavour Fund, which supports important scientific research projects seeking to address some of our biggest challenges. Continue →
Property Trends
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Typically a slow month, August market activity was further affected by concerns around rising interest rates and inflation — however, there are early signs of a spring lift The latest data and insights from the Real Estate Institute of New Zealand (REINZ) finds that across New Zealand, median prices for residential property (excluding sections) decreased 5.9% annually, from $850,000 in August 2021 to $800,000 in August 2022. Continue →
Construction
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The construction industry is turning to new technology and updating business practices to address mental health challenges that are plaguing the industry, new research finds The Optus Business Construction Industry Pulse 2022 report, conducted by ACA Research, found 45% of construction business owners say their employees had issues with mental health and wellbeing during the first two years of the pandemic. Continue →
Property Trends
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Global fall in interest rates, the tax system, and restrictions on the supply of land for urban use are the main cause of higher house prices over last 20 years, but recent policy changes and reforms show promise Te Tai Ōhanga, Te Tūāpapa Kura Kāinga and Te Pūtea Matua have published a joint paper that provides an assessment of the key drivers of the housing market over the last 20 years. Continue →
Housing
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Further innovation is needed in the construction industry to meet both shorter and longer-term housing requirements, says Autodesk Construction Solutions Industry Strategist Sumit Oberoi The New Zealand Government’s Bill to increase housing supply, and the introduction of the National Policy Statement on Urban Development (NPS-UD) in July 2020, are important measures to address the country’s housing shortage over the longer term. Continue →
Rental
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Melbourne’s first build-to-rent development, a 59-level tower in Southbank, has opened its doors with a third of its 400 apartments now occupied Home, a build-to-rent development and investment business formed in 2017, is behind the rental project at 256-260 City Road—alongside the Crown Entertainment Complex and Southbank Waterfront Precinct. Continue →
Commercial
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JLL New Zealand explores how commercial property is performing in the country’s three largest cities and how those markets are poised for the remainder of the year Industrial Market The logistics and industrial property markets in Auckland, Wellington and Christchurch continue to be the most active. Continue →
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