Author Curreen

Construction
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Supply chain disruption and rising material costs are putting additional pressure on construction firms already stretched thin, with many now turning to digital solutions, says Payapps Chief Operating Officer Tony Simonsen According to the latest New Zealand Core Logic data, construction costs in New Zealand have increased by 6.2 percent last year, largely due to rising commodity and raw material prices. Continue →
Materials
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A government-funded initiative aims to create a future where timber is used more widely in mid to high rise buildings and contributes to carbon neutral targets Te Uru Rākau – New Zealand Forest Service deputy director general Jason Wilson announced the launch at the WoodWorks conference, explaining that the Timber Design Centre aims to increase the use of timber, particularly in structures such as offices, hotels and multi-storey apartments. Continue →
Construction
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The collapse of Australian construction firm Probuild is unfortunately just one of the many detrimental outcomes we can expect to see unless more is done to effectively manage risks, Felix Chief Executive Mike Davis says Probuild will likely remain stalled for now, leading to more delays and cost overruns, compounding the adverse outcomes for owners, subcontractors, staff and significant ripple effects throughout the industry and wider community. Continue →
Property Trends
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It doesn’t matter if you’re in a main centre or a small provincial district, an owner occupier or an investor, or whether you’re selling a house or apartment, says CoreLogic NZ Chief Property Economist Kelvin Davidson New Zealand’s property market upswing has continued to drive record gross profits for homeowners, CoreLogic NZ’s latest Pain & Gain report found. Continue →
Property Trends
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Another 0.25% increase to the Official Cash Rate takes it back up to 1%, the same level it was in February 2020 when house prices were about $320,000 lower New Zealand’s average house price sits at $1,028,097 with an annual growth rate of 27.5% according to CoreLogic’s January 2022 figures, but in February 2020 it was just $722,475 with a 5.3% growth rate. Continue →
Construction
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Organisations in construction are operating blindly against an evolving backdrop of supply chain risks and changing business landscape, due to a staggering lack of transparency, procurement platform Felix reveals in its Building in the Dark report The report, developed in collaboration with industry consultancy Entwine, uncovers critical industry need for more supply chain transparency and effective risk management. Continue →
Training & Management
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The Government has announced its five step plan for the borders to re-open, meaning employers can once again start planning for skilled workers to enter the country, Civil Contractors Chief Executive Alan Pollard says While this will be a phased re-opening of the border, the good news is it will enable us to start bringing in skilled and experienced people from off-shore once again. Continue →
Construction
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The cost of both residential and non-residential construction rose more than 10% last year and similar forecasts are expected for 2022 according to the NZ Infrastructure Commission’s Quarterly report “Infrastructure providers, property developers, and households are trying to build more than ever, but labour shortages, material supply chain bottlenecks, and Covid-induced slowdowns have gotten in the way,” says Commission Director of Economics, Peter Nunns. Continue →
Development
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A new rating system has rolled out in New South Wales to stop “a few bad apples” ruining the reputation of developers in Sydney, The Urban Developer reports The state government’s independent rating initiative comes as research found at least one-in-four apartment blocks in Sydney had one or more defects, including cracking, fire safety and water issues. Continue →
Property Trends
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The property market likely moved through its peak rate of growth late in 2021, following a raft of political interventions designed to cool the overheated market, CoreLogic Chief Property Economist Kelvin Davidson says The total value of residential real estate reached $1.72 trillion at the end of Q4 2021, up from $1.35 trillion at the end of 2020, with mortgages secured against 19% of that value, and the other 81% household equity. Continue →
Construction
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Construction in most of New Zealand has been operating under the Orange setting of the Covid-19 protection framework – SiteSafe and CHASNZ have worked with the industry to develop protocols for operating under the Red setting Site Entry Keep a record of who is on site, and when, every day as you may be required to track back for contact tracing. Continue →
Property Trends
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These latest statistics will be a wake-up call to the Government and Reserve Bank – if they continue to tighten the screws too hard, the very people they’re trying to protect will be the ones most adversely affected, Century 21 New Zealand Owner Tim Kearins says We’re starting to see the lending restrictions that took effect in November and December playing out in the Real Estate’s Institute’s latest monthly statistics. Continue →
Construction
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The Construction Sector Accord has published new guidance to support government buyers and industry suppliers in applying broader outcomes in construction procurement Broader outcomes are the additional benefits that can be achieved by the way a service, project or goods are produced or delivered. Continue →
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