Author Curreen

Property Trends
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While overall sales slightly declined in August, REINZ’s latest numbers show notable increases in activity in several regions, and year-on-year listing numbers continue to rise   REINZ Chief Executive Jen Baird says August provided a sense of confidence and positivity to the property market. Continue →
Finance
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The New Zealand property sector’s direct contribution to GDP has soared to $50.2 billion, more than double what it was in 2012 The findings come from the 2024 Property Industry Impact Report, produced by Property Council New Zealand in collaboration with Urban Economics. Continue →
Construction
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While mental health in the construction is improving overall, more support is needed for the sector’s most vulnerable workers MATES in Construction, a not-for-profit organisation which supports positive well-being in the industry, surveyed more than 2000 workers, with 85% of workers reporting good mental health in 2023. Continue →
Property Trends
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New data from realestate.co.nz indicates the property market is already responding after the Official Cash Rate (OCR) dropped 25 basis points to 5.25% The OCR dropped during August for the first time in four years, and in the 14 days immediately following the announcement, there was a noticeable uptick in buyer activity compared to the two weeks prior. Continue →
Commercial
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CBD prime retail markets across New Zealand’s biggest cities have continued to rebound this year, with Christchurch being the standout All cities have experienced significant leases recently completed, highlighting the continuing demand from luxury/premium retailers for prime locations. Continue →
Property Trends
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July brought a new wave of buyer activity not typically seen in late winter, with properties starting to sell faster than they hit the market, REINZ’s latest figures reveal Chief Executive Jen Baird says while listings continue to increase, the rise in sales volumes has seen the total number of properties for sale in New Zealand fall compared to last month. Continue →
Construction
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New research reveals that while overall business confidence has continued trending downwards, 94% of construction and manufacturing SMEs are confident about the next 12 months The latest RFI Global research commissioned by Prospa highlights the ongoing uncertainty in New Zealand’s business climate, with business confidence continuing to trend downwards despite earlier post-covid optimism. Continue →
Housing
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CoreLogic Chief Property Economist Kelvin Davidson explores the driving forces behind New Zealand’s decade-long house-building boom Townhouses have become a key component of growth for NZ’s housing market, accounting for 45% of all new dwelling consents across NZ lately, compared to just 6% back in 2012. Continue →
Property Management
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From 1 November this year, new Building Code rules come into effect around smoke alarms – both builders and homeowners need to be thinking ahead and, in some cases, starting to address the changes, says Jared Dinneen, NZ Country Leader, Home & Distribution Schneider Electric New Zealand Mid-winter is peak house fire season. Continue →
Property Trends
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The average house price has dropped more than $20,000 since February according to CoreLogic’s latest figures, a trend which Chief Property Economist Kelvin Davidson says is not surprising CoreLogic’s updated, hedonic Home Value Index (HVI) showed a 0.5% fall in values across NZ in July – the fifth monthly fall in a row – taking the total decline from February’s ‘mini peak’ to 2.5%. Continue →
Housing
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Building and Construction Minister Chris Penk’s proposal to reduce insulation standards is misguided and a step backwards that threatens the health, well-being, and economic stability of New Zealanders, writes Jennifer Hamlin Penk’s proposal comes in the wake of significant improvements to insulation and glazing requirements introduced in the H1 part of the Building Code (May 2023). Continue →
Environment
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A new industry-led initiative aims to reduce the environmental impact of New Zealand’s buildings, which contribute up to 20% of the national carbon footprint The Building Research Association of New Zealand (BRANZ) announced a partnership with Masterspec to develop a national online resource of carbon data for construction materials and products. Continue →
Housing
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Housing Minister Chris Bishop has announced his ‘Going for Housing Growth’ policy which he says with flood the market with new homes, both up and out, but local councils say they weren’t consulted and are wondering how they will afford it New housing requires roads, footpaths, green space, and services, which are currently really expensive for councils and ratepayers, says Local Government New Zealand (LGNZ) President Sam Broughton. Continue →
Compliance & Legal
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The Government has announced an extensive review of the management of seismic risk in existing buildings to ensure it is being managed effectively and in a workable, proportionate way At a high level, the Review will include: considering society’s expectations and willingness to pay to mitigate the risk of injury and death in an earthquake, and for improving the resilience of buildings over time recommending regulatory responses that balance life safety risks against the costs of regulation and impact on private property owners identifying barriers to meeting regulatory requirements and the types of support or incentives that would help building owners to better manage seismic risk considering how outcomes from seismic risk requirements align with broader Government objectives. Continue →
Development
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Prime Minister Christopher Luxon has opened Residio, New Zealand’s largest build-to-rent development so far, though recent legislative change is expected to enable far more in the near future Located next to Auckland’s popular Sylvia Park, the 295 apartments from Kiwi Property is designed to be a community for renters only and has been created with the unique needs of these people in mind. Continue →
Property Trends
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On a national level, house prices have stayed relatively stagnant over the past two months, but that doesn’t tell the whole story according to CoreLogic data for each city across the country Home value growth in New Zealand has completely petered out in the past two months, with values dipping by 0.2% in May, after a minor 0.1% fall in April. Continue →
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