Author Curreen

Property Trends
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September’s house price dip may have just been an anomaly as New Zealand’s median house price shot back up by $100,000 in October, REINZ data finds “Despite some officials in Wellington doing their best to talk down the real estate market, it remains incredibly strong with summer now looking decidedly up,” says Century 21 New Zealand Owner Tim Kearins. Continue →
Construction
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New Otago University research reveals that New Zealand’s construction workers are more than two times more likely to die by suicide than the rest of the workforce, but one group has achieved global recognition in trying to turn things around   While construction workers make up about 9.5% of all workers, the study found that between 17.3% (2010/11) and 29.7% (2018/2019) of those who died by suicide in New Zealand were employed in the sector. Continue →
Construction
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An upcoming state-of-the-art office building in Dunedin will be the case study for new safety trials, aimed at lowering the high number of workplace accidents in the building industry The construction industry represents 8% of the workforce, but accounts for more than 16% of ACC work claims, at a cost of $158 million annually. Continue →
Construction
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In the past year, several high-profile payment disputes in the construction industry have made headlines for all the wrong reasons, and a new Bill threatens to make things worse, says Payapps Chief Operating Officer Tony Simonsen In 2020, 58% of unreasonable contract disputes cost up to $99,000, 18% cost between $200,000-$999,999, and 6% cost more than $2 million, the 2021 BDO Construction Sector Report found. Continue →
Property Trends
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CoreLogic research indicates the market has peaked, with both sales activity and price growth set to ease further over the coming months, Chief Property Economist Kelvin Davidson says Despite a ‘strange and distorted period for the NZ economy and property market’, the latest CoreLogic Property Market and Economic Update for Q3 2021 confirms a cooling property market. Continue →
Opinion
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Against the advice of property experts, the Government will be proceeding with the planned changes to the Property Law Act – inserting a no-access clause into commercial leases By Leonie Freeman – Property Council New Zealand Chief Executive This move completely undermines the sanctity of commercial contracts by inserting a clause into every commercial lease in the country that neither tenant nor landlord has agreed to. Continue →
Housing
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A new bill has passed which is expected to deliver as many as 105,500 new houses in the next five to eight years by overruling district council plans New building intensification rules will mean up to three homes of up to three storeys can be built on most sites without the need for a resource consent.  Continue →
Property Trends
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CoreLogic figures show property values increased nationally by 1.4% during September, a reduction on August’s monthly growth rate of 1.6% and the fifth consecutive month of easing growth rates, says Head of Research Nick Goodall With most of the country, aside from Auckland, at alert level 2 for the majority of September, market activity has started to return. Continue →
Property Trends
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The Reserve Bank’s decision to lift the Official Cash Rate to 0.50% could see interest rates go up, but as long as servicing a mortgage remains comparable or cheaper than paying rent, prospective buyers will not be put off, says Century 21 New Zealand owner Tim Kearins We’re not expecting to see a sudden and significant change in rates, as banks have already been subtly raising mortgage rates in anticipation of future hikes. Continue →
Construction
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A five-company alliance in North America are bringing together best-in-class technologies and risk knowledge to provide construction managers with a 360-degree view of construction sites and real-time alerts regarding workers’ adherence to safety regulations Zyter, a leading digital health and IoT-enablement platform, has announced it is collaborating with Zurich, Qualcomm Technologies, Everguard and Rudolph Libbe Group (RLG) to advance the use of AI-based Internet of Things (IoT) technologies to enhance construction safety. Continue →
Rental
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Interest deductibility changes kick in for landlords on 1 October, the Government has announced, going against Inland Revenue’s advice and ignoring recommendations from property industry leaders The Government has confirmed its proposal to limit the availability of deductions for interest expenses incurred by residential property investors from 1 October, phasing them out over the four years. Continue →
Construction
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Dan Pollard, founder of trades software company Fergus, gives a breakdown of the current challenges facing the industry, and considerations to help get through the months ahead August’s lockdowns and tight restrictions coupled with border closures and broken supply chains had a noticeable impact on the construction industry. Continue →
Property Trends
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Despite COVID, snap lockdowns and border closures, all major centres across New Zealand achieved price gains, with some suburbs increasing in value by more than $500,000 since August 2021, CoreLogic Chief Property Economist Kelvin Davidson says CoreLogic NZ’s quarterly Mapping the Market Report highlights the extraordinary price gains achieved nationally in the past year. Continue →
Sponsored
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Schneider Electric’s PDL Wiser, Pro Series and Iconic 2AX products have all been named finalists in the awards’ Consumer category The Best Design Awards (from the Designers Institute of New Zealand) is an annual showcase of excellence in graphic, spatial, product, digital and motion design that includes three special awards – Value of Design, Public Good and Toitanga. Continue →
Housing
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Countries overseas have already adopted build-to-rent as a way to tackle housing issues – New Zealand may finally be catching up as Kiwi Property plans to construct the country’s first large-scale build-to-rent development Located at Sylvia Park, Auckland, the 295-unit apartment complex is set to change what it means to rent in New Zealand. Continue →
Construction
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The return to work under Alert Level 3 saw thousands of construction businesses breathe a sigh of relief, made possible by assurance to the government that the industry was able to do so safely by following the Covid-19 construction protocols The first lockdown last year saw vertical and commercial businesses in the construction industry combine to form a steering group, with Site Safe playing a key role, to develop the Covid-19 construction protocols. Continue →
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