Author Curreen

Property Trends
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Looking at the leading individual suburbs for first home buyers (FHBs) in each of NZ’s ten largest cities, the share of purchases going to FHBs has typically been more than 50% so far in 2019, CoreLogic Senior Property Economist Kelvin Davidson observes CoreLogic’s Buyer Classification figures for May are hot off the press and show that first home buyers (FHBs) and mortgaged multiple property owners (MPOs) – or in other words investors – remain neck and neck in terms of market share* (see the first chart). Continue →
Design
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A leading New Zealand access control specialist company, HTS, has introduced a product realisation service that helps building designers, refurbishers and managers to show how good security entrances can look when applied to their own projects HTS distributes Boon Edam security entrances throughout New Zealand, giving the Kiwi market access to a range of architecturally harmonious and stylish products used globally by scores of Fortune 500 companies in 27 countries, including corporate HQs, legislatures, government agencies, diplomatic posts and public and private facility mobility hotspots prone to unwanted attention. Continue →
Development
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Auckland’s reputation as a bustling international hub and its potential as a young, vibrant city is enough to appeal to any modern developer, and this Melbourne-based developer Michael Mai, the founder of ICD Property and chief executive of Mai Group, is looking to make a splash with a sleek 48-level tower in downtown Auckland The Urban Developer ICD Property’s development at 65 Federal Street is the Melbourne-based company’s first step into the New Zealand market and its first international acquisition, a significant milestone in the firm’s journey from humble beginnings. Continue →
Property Trends
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It’s clear from Statistics NZ figures that last year’s Foreign Buyer Ban in October has cut into property demand from this source, and is likely to have contributed to the softening in values in areas such as Auckland and Queenstown, CoreLogic Senior Property Economist Kelvin Davidson comments In the first three months of the year there were 204 property purchases by people without citizenship or a residency visa, 81% lower than the same quarter a year ago (1,083). Continue →
Design
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Diversified property major GPT Group has unveiled plans to build Australia’s largest timber building that will sit atop Melbourne Central mall at 300 Lonsdale Street Ted Tabet – The Urban Developer The new 10-storey building will be a 19,400sq m tower comprising a frame structure that will be exposed through a glass facade and made of cross laminated timber, a lightweight factory manufactured material used in innovative timber structures. Continue →
Design
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As boutique residential projects continue to grow in popularity, the design elements of these projects have become essential in attracting buyers and ensuring the project stands out in a crowded market Cottee Parker – The Urban Developer   Although design is an integral aspect of projects of all scopes and sizes, it presents a unique opportunity in boutique residential projects for developers and designers to craft a luxury environment that enhances the lifestyle of the building’s residents. Continue →
Predictions
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Although it’s not law yet, the tax ring-fence for rental property losses is likely to be approved and will apply to the current tax year, but CoreLogic Senior Property Economist Kelvin Davidson doubts it will dramatically change the rental property landscape The proposed tax ring-fence for rental property losses isn’t in force yet, but it is currently going through the ‘bill to law’ process – which starts with a select committee and then ends up before Parliament for the final stage. Continue →
Design
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I.M. Pei, the Chinese-born, American-trained Modernist architect whose work transformed cities around the world and was widely celebrated by fellow architects, died May 16 at age 102 Ted Tabet – The Urban Developer Pei was lauded for giving “this century some of its most beautiful interior spaces and exterior forms”, said the jury of the Pritzker Prize, which he received in 1983, favouring stone, steel and glass in his creations that bore his hallmark geometry and reverence for light. Continue →
Design
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Following the devastating fire that destroyed the roof of Notre-Dame in Paris, architects have stepped forward offering a range alternative proposals for the Parisian landmark By Ted Tabet, The Urban Developer   Last month, French legislators announced that they would be holding an international design competition for how the beloved cathedral ought to be reconstructed. Continue →
Property Trends
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Property values in New Zealand continue to show modest growth, with the CoreLogic QV House Price Index for April showing an increase of 2.7% over the past year, yet this number is actually dragged down by Auckland The weakness witnessed across Auckland’s property market has continued to weigh down headline results, with the annual fall of 1.5% at the end of April, exactly the same as reported last month. Continue →
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