Author Curreen

Property Trends
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Government intervention likely came at the right moment for first home buyers, with their share of purchases having steadily dropped over the past three to six months, says CoreLogic Chief Economist Kelvin Davidson Nationally, first home buyers’ (FHB) market share in Q1 2021 was 21.5%, down from 24.8% six months ago and also the lowest since Q1 2018, according to the latest CoreLogic First Home Buyer Report. Continue →
Housing
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The cost to build a house surged 1.3% over Q1 2021 and we can expect this growth to continue, CoreLogic Chief Property Economist Kelvin Davidson explains The March quarterly growth is the highest rate of construction cost inflation since Q1 2019, and far above the 0.6% and 0.4% increases throughout Q3 and Q4 2020 respectively, according to CoreLogic’s Cordell Housing Index Price. Continue →
Property Trends
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While the national picture represents the busiest April in 5 years, the reality is that we’ve seen the number of sales decrease when compared to March, says REINZ Acting Chief Executive, Wendy Alexander The number of residential properties sold in April across New Zealand was the highest number of properties sold in an April month for 5 years with 7,218 properties sold, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →
Property Trends
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Anecdotes throughout April told of quieter open homes, a greater share of auctions ‘passing in’ and that a fear of over paying had replaced the fear of missing out, says CoreLogic head of research Nick Goodall Nationwide values increased by a further 3.1% over April according to the latest CoreLogic House Price Index (HPI). Continue →
Development
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A new multimillion-dollar public wetland will improve water quality in South Auckland waterways and support endangered native wildlife The constructed wetland at the 361 hectare Drury South Crossing subdivision, the country’s largest industrial and residential development, is designed to improve water quality in the area. Continue →
Development
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The National Policy Statement on Urban Development 2020 (NPS-UD) came into effect in August 2020 and guides council decision-making on the growth and development of New Zealand’s urban environments, Bayleys reports The key objectives of the NPS-UD are to increase the development capacity for houses and business, address housing affordability and ensure New Zealand communities are “well-functioning urban environments that enable all people and communities to provide for their social, economic, and cultural wellbeing, and for their health and safety, now and into the future.” Continue →
Property Trends
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Figures in the latest CoreLogic report are a clear “line in the sand” following the Government’s game-changing announcement in the final week of March, says Chief Property Economist Kelvin Davidson The CoreLogic Property Market & Economic Report for Q1 2021 reinforced the heated market conditions which led to the Government’s recent housing policy announcement. Continue →
Training & Management
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New Zealand’s construction boom means contractors are busier than ever, but throw in the demands of tax time, and running a small business in the construction sector quickly becomes a juggling act, says Fergus job management software founder Dan Pollard While the end of the financial year can add to your workload, it is also an opportunity to get a detailed picture of your business and put healthy financial habits in place that will save you from repeating mistakes in the future. Continue →
Property Trends
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The Manawatu/Wanganui region had the second highest capital gains and the fourth highest yields, according to an REINZ report Capital gains in the Manawatu/Wanganui region increased 25.3% for the three months ending December 2020 when compared to the same time last year with median prices going from $400,000 to $501,000. Continue →
Construction
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Contractors often have their own way of doing things and have gotten comfortable with the solutions they have, but whatever the size of the business, it is likely that improvements can be made, says Bluebeam Australia The Urban Developer The construction industry is filled with tales of software bought and never used. Continue →
Materials
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The technology to turn waste into high performance building material is now coming to New Zealand New Zealand builders will soon be able to replace plywood, particle board and plaster board, with low carbon, environmentally sustainable construction boards made from packaging waste such as used beverage cartons, soft plastics and coffee cups. Continue →
Property Trends
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March saw the most sales in 14 years, with the national median house price soaring to a record $826,300 from $665,000 just last year, REINZ data reveals “We’re seeing houses sell at their fastest pace in a March month ever and the highest percentage of auctions the country has ever seen since REINZ began keeping records, showing just how quickly the market is moving,” says REINZ acting Chief Executive, Wendy Alexander. Continue →
Property Trends
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With the dust now settling on the new policy measures, evidence suggests that the effects on the market may not be as significant as initially thought, says CoreLogic Senior Research Analyst Kelvin Davidson It has been two weeks since the Government’s announcement to extend the Brightline Test and to taper/remove mortgage interest deductibility for investors. Continue →
Construction
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While the manufacturing, healthcare, and technology sectors have embraced technological advances and refined their processes, construction has lagged behind, but Digital Twin technologies could be the solution To achieve sustainable infrastructure, construction must adopt new technology and materials, the United Nations Environment Program reports. Continue →
Property Trends
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Last week’s housing announcement has drawn attention all over the country, and with CoreLogic data showing the highest rate of value growth in 15 years, it would appear this heightened attention is justified – CoreLogic Head of New Zealand Research Nick Goodall explains Nationwide values increased by a further 2.2% in March, which takes the annual growth rate to 16.1%, the highest rate of growth since January 2006. Continue →
Commercial
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2020 saw increased vacancy rates in the office, industrial and retail markets with mixed yields in each sector, but Colliers research says it is not all about COVID While the adverse economic impact of COVID-19 was a rightfully expected influence, other market dynamics pre-COVID (such as vacancy rates that were at historic lows and increasing development activity) also played their part. Continue →
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