Author Curreen

Construction
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The Commerce Commission is recommending the establishment of a centralised digital national key products registry to increase trust and confidence in residential building supplies A national products register would act as the primary reference source for information about building products, including the information that will be required to be disclosed as a result of the building law reforms, the Commerce Commission says. Continue →
Property Trends
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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 →
Commercial
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Faced with surging inflation, commercial property owners are taking a hard look at how to recoup costs through rent structures, Bayleys reports With the country’s interest rates hitting a 30-year high, commercial landlords and tenants have been forced into something of a tussle over rent structures in a bid to balance rising costs. Continue →
Housing
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National residential construction cost pressures have continued to escalate, with both quarterly and annual rates of indexed growth reaching new record highs, CoreLogic finds CoreLogic NZ’s Cordell Construction Cost Index (CCCI) for Q2 2022 indicates the cost to build a ‘standard’ 200 sqm three-bedroom, two-bathroom single storey brick and tile house in Aotearoa rose 2.6% over the quarter, lifting annual growth to 7.7%, the largest increase since the CCCI commenced in late 2012. Continue →
Housing
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The Government’s latest changes to its Kiwibuild scheme will make a real difference for developers and those looking for an affordable home, New Zealand Mortgages & Securities Director James Kellow says Changes include an increase to the price caps for one-to-three bedroom Kiwibuild homes, with the price cap for a three-bedroom Kiwibuild property in Auckland increasing from $650,000 to $860,000. Continue →
Facilities Management
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Almost every large building has systems to control and monitor power and lighting, temperature and ventilation, elevators and more, known collectively as Building Management Systems, Claroty ANZ Regional Director Lani Refiti says Historically, Building Management Systems (BMS) were siloed with their own control facilities, connected over separate dedicated networks. Continue →
Training & Management
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After years of industry-led research and development, the Property Council of Australia has launched the pilot phase of its voluntary social sustainability reporting tool The Collective Social Impacts Framework, built in consultation with industry stakeholders, is designed to measure and report the benefits or harms of construction projects, precincts and assets. Continue →
Housing
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A $391-million masterplan aimed at transforming one of the key towns in the Snowy Mountains has been finalised The NSW Department of Regional Planning today released the 40-year masterplan for the Snowy Mountains’ Special Activation Precinct (SAP), aimed at transforming Jindabyne, best known as the gateway to the NSW ski fields, into a year-round economy. Continue →
Property Trends
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As the downturn sets in, and with interest rates set to rise further, greater consideration is now being given to ‘how long and how far will this go’, CoreLogic NZ Head of Research Nick Goodall says CoreLogic’s House Price Index found property values fell a further -0.8% in June, completing a hat-trick of months at the same rate of decline (-0.8% in both April and May). Continue →
Compliance & Legal
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Most seismically vulnerable buildings are not imminently dangerous and can remain occupied while seismic remediation work is planned, funded and undertaken, the Ministry of Business, Innovation and Employment (MBIE) advises The new seismic risk guidance has been developed by MBIE to help building owners and users understand seismic assessments and provide them with the tools to make informed and risk-based decisions about continuing to occupy buildings with low seismic ratings. Continue →
Architecture
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With New Zealand cities about to enter a period of rapid housing intensification, an international architect and urban planning specialist is calling for the reinstatement of a century-old government agency The position of Government Architect, which headed the Ministry of Works and Development’s architectural division, was first created in 1909 before being disestablished 20 years ago when the ministry was closed. Continue →
Construction
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While New Zealand construction companies are more likely to embrace technology and sustainability than their Australian counterparts, they are spending more time on rework or fixing defects, a Procore report reveals Procore’s How We Build Now report found that one in every six hours (16% of project time) is spent on rework – a clear sign of lost productivity in an industry facing challenging market conditions. Continue →
Property Trends
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With housing credit tight and getting more expensive by the week, this trend towards weaker housing market conditions is likely to continue, CoreLogic NZ Head of Research Nick Goodall says CoreLogic’s House Price Index (HPI) shows that the downwards momentum in NZ residential real estate values continued throughout May 2022.  Continue →
Property Trends
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For the housing market, the implications are clear – we’re not yet at the end of this rising cycle for mortgage rates, says CoreLogic Chief Economist Kelvin Davidson With inflation still high and unemployment very low, there were clearly no barriers to raising the Official Cash Rate by 0.5%, bringing it to 2%. Continue →
Housing
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Like New Zealand, Australia is facing issues with housing affordability, but industry groups are confident the new government’s housing policies could help turn things around, the Urban Developer reports Industry groups have given the new federal Labor government’s housing policies a tick, saying they are confident that it will help tackle housing affordability. Continue →
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