Author Curreen

Property Trends
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October saw the highest number of properties sold in nearly five years as 10 regions saw record median house prices, including Auckland which has now hit $1,000,000, the Real Estate Institute of New Zealand (REINZ) reports   Median house prices across New Zealand increased by 19.8% from $605,000 in October 2019 to a new record median high of $725,000 in October 2020; and up from $689,000 in September this year (a 5.2% lift). Continue →
Materials
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Australian manufacturer Ametalin has launched its CeaseFire barrier this year, the first fire-proof and waterproof building wrap of its kind, designed for high-rise buildings and homes in bushfire zones Ametalin claims CeaseFire is the only building wrap of its kind in the world that is waterproof and fireproof while still allowing vapour to pass through. Continue →
Property Trends
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Auckland’s suburban apartment market is outperforming the once-dominant CBD, with a recent Colliers survey finding the best-selling project is located in the suburban hub of Albany Risland Albany comprises 141 affordable units in a medium-rise apartment building with a secure basement car park, located only two minutes from Westfield Albany, the busway and motorway. Continue →
Construction
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The New Zealand Institute of Building (NZIOB) has announced the winners of the 2020 New Zealand Building Industry Awards, with the University of Auckland’s new Waiparuru Hall taking out the GIB® Supreme Award The New Zealand Building Industry Awards celebrate and recognise an individuals’ professional excellence in the building and construction process of a recently completed project. Continue →
Property Trends
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The CoreLogic House Price Index (HPI) for October has found nationwide property value growth accelerated more than any other month this year, increasing by 1.3% Property values have remained robust since the onset of the economic downturn catalysed by the arrival of COVID-19 and the resulting lockdown in late March. Continue →
Engineering
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Head of Pacific for AVEVA, Damien McDade, shares his top five tips on how and why your Unified Engineering approach is critical to success In many of today’s Capital Projects, there is a disconnect between Front End Engineering Design (otherwise known as FEED) and detailed engineering design. Continue →
Commercial
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What has hit the central city hardest is not the economic fall-out from Covid-19, but the City Rail Link and other major infrastructure projections which have effectively closed off large parts of the CBD, says Director of New Zealand Mortgages & Securities (NZMS) James Kellow In many ways Auckland’s CBD is trailing behind the city fringe, but property values are holding up well with plenty of development and investment underway. Continue →
Property Trends
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A study by StockApps finds the most expensive places to buy and rent in the world and identifies the fastest growing housing and rental markets Rex Pascual – StockApps Most of the global residential property market was enjoying a rosy outlook for the rest of the year before COVID-19 shrouded the world in a blanket of uncertainty. Continue →
Property Trends
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August’s REINZ figures saw an annual increase in median house prices across every region in New Zealand, half of which reached record highs, but opinions are split as Treasury predicts the average cost of a home will fall 5% by June next year Median house prices across New Zealand increased by 16.4% in August to $675,000, up from $580,000 in August 2019 and up from $659,000 in July (a 2.4% lift). Continue →
Construction
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Despite the Covid-19 lockdown interruption and delays in shovel-ready projects, many contractors are optimistic about the future according to the 2020 Construction Industry Survey, a partnership between Teletrac Navman and Civil Contractors New Zealand COVID-19 and the electoral cycle are causing short-term pain for civil contractors in the next 6-12 months, but the industry sees a promising future, with record spending on infrastructure projects as a cornerstone to the Government’s economic recovery plan. Continue →
Commercial
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Takapuna went into the first lockdown with an office vacancy rate considerably lower than Auckland’s CBD, and still the North Shore metropolitan centre’s commercial occupancy remains high   In March, Colliers International reported that Takapuna’s office vacancy rate had fallen to 4.5% – down from 5.1% in September 2019. Continue →
Rental
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Recent events are clearly starting to take a toll on property rents in areas like Queenstown, yet other parts of the country are still seeing strong rental increases, says Core Logic Senior Research Analyst Kelvin Davidson The rental side of the property market has been in the news quite a bit over the past 1-2 weeks, especially Queenstown, where rents have clearly begun to fall.  Continue →
Construction
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The infrastructure industry has just gone through a blizzard of policy change, with five key bills landing in the final two weeks of the current parliamentary term The Government’s Urban Growth Agenda was designed to address the fundamentals of land supply, development capacity and enabling infrastructure. Continue →
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