Author Curreen

Property Trends
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The average value of property across New Zealand rose by 1.1% over the month, taking the three-month change to 2.6%, and the average home is now worth $722,475 – up by 5.3% from a year ago, according to the CoreLogic QV February 2020 House Price Index results NZ average property values Property values are rising steadily across each of the main centres with the gains over the past three months ranging from 1.0% in Tauranga up to 5.4% in wider Wellington (measured across the City, Lower/Upper Hutt, and Porirua). Continue →
Engineering
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A $1 billion timber tower as part of the Sydney central station tech and innovation hub revealed earlier this month joins a growing number of major multi-storey timber projects internationally The Urban Developer The lightweight timber structures use a hybrid construction method to push height boundaries with a concrete core to stabilise them against the wind. Continue →
Development
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My company’s own commercial lending book is now favouring higher density affordable townhouse projects, with presales incredibly strong, says New Zealand Mortgages & Securities (NZMS) Director James Kellow We’re currently funding over 400 new residential townhouses in West and South Auckland. Continue →
Property Trends
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The number of properties sold in January across New Zealand was up 3.2% on the same time last year (from 4,459 to 4,603) making it the busiest January since 2016 according to the latest data from the Real Estate Institute of New Zealand (REINZ) For New Zealand excluding Auckland, the number of properties sold increased by 0.9% when compared to the same time last year (from 3,279 to 3,308) – also the highest for the month of January in 4 years. Continue →
Materials
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A “Frankenstein-like” concrete capable of healing its own cracks and absorbing carbon dioxide could revolutionise construction and defence industries Ingrid Woodrow – The Urban Developer The new “living concrete”, being developed by researchers in the US, is at the forefront of a new class of low-carbon, designer living building materials or LBMs, according to a recent article in the New York Times. Continue →
Development
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Technological evolution has a huge influence on the property development sector and now there’s a new wave of property developers that do things differently and get better results The Urban Developer Any property developer will tell you that an enormous amount of work goes into what they do. Continue →
Property Trends
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Data released by the Real Estate Institute of New Zealand (REINZ) shows growing strength in the lifestyle property sector There were 116 more lifestyle property sales (+6.4%) for the three months ended December 2019 than for the three months ended November 2019. Continue →
Housing
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News that New Zealand is the second least affordable place to buy a house, after only Hong Kong, is sadly unsurprising, and signals that a new approach is needed to get more homes built and make housing affordable, says Infrastructure New Zealand CEO Paul Blair Today, Demographia released its most recent annual report into housing affordability in Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US. Continue →
Property Trends
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New Zealand rounded off the decade with the highest number of residential properties sold for the month of December in three years and price rises in 15 out of 16 regions, according to the latest data from the Real Estate Institute of New Zealand (REINZ) The number of residential properties sold across New Zealand in December 2019 increased by 12.3% from the same time last year to 6,285 up from 5,596 (689 more properties). Continue →
Design
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Sustainability and environmental awareness have set the tone for 2020 and beyond, and companies are shifting their preferences accordingly Companies are implementing more eco-friendly policies, green spaces, and innovative materials into their workspaces. Continue →
Property Trends
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This will be the best year for Auckland real estate that we’ve seen in the past three or four years, predicts Century 21 New Zealand owner Derryn Mayne Her comments follow today’s release of the CoreLogic QV December 2019 House Price Index, which highlighted the recovery of property values in Auckland. Continue →
Training & Management
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The Royal Institution of Chartered Surveyors’ (RICS) quarterly Construction and Infrastructure Surveys continue to show that while construction and infrastructure workloads have increased growth across New Zealand, an acute skill shortage is creating bottlenecks that threaten the viability of the sector New Zealand needs a skilled, sustainable construction workforce to ensure the sector has the people it needs now and into the future, with estimates that the construction industry will need an extra 50,000 workers by 2022. Continue →
Property Trends
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Median house prices across New Zealand increased by 8.6% in November to a new record high of $630,000, up from $580,000 in November 2018, according to the latest data from the Real Estate Institute of New Zealand (REINZ) Median house prices for New Zealand excluding Auckland increased by 10.3% to a new record high of $535,000, up from $485,000 in November last year. Continue →
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