Author Curreen

Property Trends
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Kiwis will have the best opportunity to get on the housing ladder in more than a decade, says Century 21 New Zealand Owner Derryn Mayne With many interest rates now well below three percent, and with the Reserve Bank scrapping its mortgage loan-to-value ratio (LVR) restrictions, lower deposits are now required to secure a mortgage and ongoing repayments have never been cheaper. Continue →
Development
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The development is expected to contribute $2.3b to the economy, employ 6,000 people and provide affordable housing for 2,000 Kiwis when it is completed in 2027 More than a fifth of the 170 hectares of commercial land available at the country’s largest industrial and residential development have now been sold as businesses look to establish large scale local operations in a post-COVID environment. Continue →
Construction
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Homeowners, builders and DIYers will soon have an easier time making basic home improvements as the Government scraps the need for consents for low-risk building work The Government is introducing new exemptions to the Building Act in a move save homeowners $18 million in consenting costs each year, though building work must still meet the Building Code, Minister for Building and Construction Jenny Salesa announced today. Continue →
Facilities Management
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Greater regulation of access to public and private buildings and visitor hot spots may figure among major impacts from the coronavirus affecting architects, builders, facility managers and site owners “Certainly, there will be a new normal for people-intensive public and private facilities, where owners have a duty of care to protect staff and visitors,” says security and entrance specialist, Boon Edam Australia Managing Director Michael Fisher (Master security licence number: 000104487). Continue →
Design
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The coronavirus pandemic might have some long-term effects on the way we design our offices, reports INC As companies look to incorporate better sanitation and implement some of the things they’ve learned during the crisis, many aspects of the office could change–from the materials used for upholstery to the overall layouts of floor plans. Continue →
Opinion
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The Reserve Bank has pulled enough levers to help buyers, sellers, and the industry at large, but now the Government should review any legislation that may hinder real estate’s revival, including softening its foreign buyer ban, says Century 21 New Zealand owner Derryn Mayne The Reserve Bank’s decision to remove its mortgage loan-to-value ratio (LVR) restrictions, for at least a year, will mean more young Kiwis can buy their first homes sooner. Continue →
Property Trends
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Despite a 78.5% decrease in sales volumes in April, median house prices across New Zealand increased by 17.2% to a new record high of $680,000, according to the latest data from the Real Estate Institute of New Zealand (REINZ)   The number of properties sold in April across New Zealand decreased by -78.5% from the same time last year – from 6,082 to 1,305 – as the level 4 lockdown made it very difficult for property sales to occur. Continue →
Sponsored
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With New Zealand moving into lower COVID-19 alert levels and restrictions easing to allow property viewings, Ngāti Whātua Ōrākei Properties is gearing up to continue the sale of homes and welcome residents to Oneoneroa The hapū development company says New Zealanders have had time to reflect in their bubbles on what they are looking for in a home, the importance of community and location, with Oneoneroa delivering what Kiwis want. Continue →
Finance
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Grant Robertson’s rainy-day Budget poured billions – with many more billions still to come – into saving and creating jobs report Dentons Kensington Swan partners Linda Clark and Hayden Wilson If the plan works (and it is still being developed to match rapidly changing economic circumstances) then New Zealand’s economy may be spared the worst of what the Prime Minister calls “dire global predictions”. Continue →
Housing
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With private sector development forecast to plummet during this period of economic uncertainty, the government has a clear opportunity to support the residential construction industry and address New Zealand’s shortage of social housing, says economics consultancy Infometrics The waiting list for state houses has more than quadrupled over the last four years, but high levels of construction have limited the government’s ability to respond to this burgeoning need. Continue →
Construction
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Industry and government have been working with Site Safe to update the existing construction protocols to reflect what is now permitted under Level 2 Site Safe Chief Executive Brett Murray says “we’ve been working with a cross-industry working group to make sure everyone has access to this important information as soon as possible, so businesses will have time to get to grips with what level 2 means for them. Continue →
Commercial
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The impacts of COVID-19 has stalled New Zealand’s commercial property sector, with uncertainty over the long-term impacts driving a steep decline in market confidence, the Q1 2020 RICS New Zealand Commercial Property Monitor has found The quarterly market survey of New Zealand commercial property professionals released today by RICS shows that demand for commercial property from both occupiers and investors has stalled to begin 2020, leading to a dive in sentiment amongst investors and occupiers over the past three months. Continue →
International
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While we are up to the minute with the state of play in New Zealand and across the ditch in Australia, our world knowledge is sketchy and politically driven   The Singapore University of Technology and Design (SUTD) has been providing predictive monitoring and presents an independent research project around the world using data-driven predictive analysis. Continue →
Commercial
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Government and bank investment to stabilise commercial, office and industrial and residential property – and safeguard investors and their tenants – are essential to provide a platform for the recovery of the whole economy, says Nikki Connors The Reserve Bank of New Zealand told banks it would remove loan-to-value ratio (LVR) restrictions on residential mortgage lending for at least a year, with the idea that mortgage lending and feedback from banks would be monitored during what everyone expects to be a recessionary environment. Continue →
Construction
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A new national Standard and Protocols have been developed for the construction industry, providing clarity over what will be expected as the industry returns to work under Alert Level 3 “The government’s announcement that construction will be able to operate under COVID-19 Alert Level 3 is a huge relief to us all,” says Civil Contractors New Zealand Chief Executive Peter Silcock.  Continue →
Construction
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Auckland Council has submitted a list of 73 key projects to the Infrastructure Industry Reference Group, the taskforce set up by the Government to seek out ‘shovel-ready’ infrastructure projects that can start quickly to stimulate the economy and reduce the economic impact of COVID-19 The list is made up of two parts: 30 key projects ranked in order of priority and a further 43 projects that are not ranked but that also meet the Government criteria. Continue →
Property Trends
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News that the Reserve Bank is proposing to remove its mortgage loan-to-value ratio (LVR) restrictions will mean young Kiwis can buy their first homes sooner with lower deposit requirements now inevitable, says Century 21 New Zealand Owner Derryn Mayne Yesterday the Reserve Bank announced over the next seven days it will consult on its proposal to scrap LVRs for at least a year. Continue →
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