Author Curreen

Construction
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The Victorian government has announced a two-week shutdown of the construction industry after a protest against mandatory vaccines for workers in the sector became violent The Guardian newspaper says the closure across metropolitan Melbourne, Geelong, the Surf Coast, Ballarat and Mitchell Shire was decided on Monday night after the Construction, Forestry, Mining and Energy Union (CFMEU) building was damaged and riot police deployed in chaotic scenes in central Melbourne. Continue →
Development
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Auckland’s record number of new dwelling consents and unprecedented construction activity is giving the city’s largest non-bank lender the confidence to scale up its available funding to an all-time high While many finance companies are having to restrict new lending due to capital shortages, New Zealand Mortgages & Securities (NZMS) say its market position continues to strengthen. Continue →
Construction
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Residential construction costs rose by 2.2% in the June quarter according to CoreLogic’s Cordell Housing Index Price (CHIP), the largest increase ever recorded – Chief Property Economist Kelvin Davidson explains why The construction sector has been running at full capacity and pressures have been emerging for several months now. Continue →
Construction
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Infrastructure reform is “desperately” needed to roll-out Australia’s massive $110-billion infrastructure program, industry experts say, The Urban Developer reports Infrastructure Australia has released its 648-page infrastructure plan for 2021, responding directly to the 180 infrastructure “challenges and opportunities” identified in its 2019 Australian Infrastructure Audit. Continue →
Property Trends
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The average property value in New Zealand is a record 7.9 times the average annual household income according to the latest CoreLogic Housing Affordability Report, though there is wide variation across the country The figure is up sharply from the 7.4 times recorded just three months ago and 6.6 times of 12 months ago. Continue →
Sponsored
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A growing number of communities in New Zealand are at risk from the impacts of climate change At the Climate Sensitive Towns Conference in the middle of October a comprehensive group of climate specialists will examine the predictions on New Zealand’s climate and landscape future and how best to mitigate the tides of change. Continue →
Commercial
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The return to Covid-19 enforced restrictions will be temporarily disruptive, but demand will remain buoyant and will likely make a strong return upon entering lower Alert Levels, Colliers reports Now with a previous lockdown experience to review, the impacts on supply seem to far outweigh the impacts on demand in these situations, and for many, but not all, there is a lot of positives. Continue →
Property Trends
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The quality of a property’s online marketing presentation is now more important than ever before, with real estate interest and activity still strong, says Century 21 New Zealand Owner, Tim Kearins Online listings are enjoying some great traffic during the current nationwide Level 4 lockdown. Continue →
Property Trends
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CoreLogic’s quarterly Pain & Gain report shows 99% of New Zealand properties are being resold for a gross profit, the highest number on record, says Chief Property Economist Kelvin Davidson New Zealand home owners are pocketing a record level of gross profits from property resales as the country’s real estate market defies last year’s weak economic outlook. Continue →
Construction
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An innovative solution to Auckland’s water shortage, Mokau Marae risen from the ashes and the collaborative redevelopment of Queens Wharf were among this year’s winners announced by the New Zealand Institute of Building (NZIOB) The standard and number of entries in this year’s awards was again particularly impressive, and the projects they have delivered have made a significant contribution to the quality of our built environment, NZIOB Chief Executive Malcolm Fleming says. Continue →
Property Trends
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REINZ data shows the rate of house price growth is slowing, but Chief Executive Jen Baird says it is too early to tell whether this is the usual winter easing or if the Government’s intervention in the market and signalled changes to the OCR are starting to take effect Overall, house prices are still well up on 12 months ago, yet we’re now seeing month-to-month growth becoming more sustainable, says Century 21 New Zealand Owner, Tim Kearins. Continue →
Sponsored
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There are a lot of moving parts to a company’s health and safety programme but an app can bring them all under the same platform In an environment of stringent regulation, it is essential for businesses to have a cost-effective platform to ensure health and safety compliance for everyone who enters potentially dangerous building sites. Continue →
Appointments
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Longstanding C21 franchisee, Tim Kearins, is the new part-owner of Century 21 New Zealand – the leadership change took effect on 30 July, following the sale by previous owner Derryn Mayne of her 25% of the business As the Principal of Century 21 Premier in Manawatu, Mr Kearins has led a top performing team which services Palmerston North and surrounding areas. Continue →
Construction
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New Zealand’s construction industry is riding a massive rebound in business confidence, but this may be undermined by skills shortages with 90% of construction firms having difficulty recruiting, finds Civil Contractors New Zealand Findings from the 2021 Construction Industry Survey, a partnership between Teletrac Navman and Civil Contractors New Zealand (CCNZ), validate growing sector confidence, with 50 percent of those polled optimistic the New Zealand construction industry is on the upward trajectory and over half predicting turnover and staff growth in the next 12 months. Continue →
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