Author Curreen

Appointments
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After seven years in Australian ownership, Derryn Mayne, one of South Auckland’s most energetic and successful realtors, has bought a 25% stake of Century 21 New Zealand with firm plans to grow the company’s market share “I’m delighted that a significant piece of Century 21 New Zealand ownership is falling back into Kiwi hands,” says Charles Tarbey, owner of Century 21 Australasia. Continue →
Property Trends
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In the first quarter of 2019, first home buyers (FHBs) and mortgaged multiple property owners (investors) each accounted for 24% of property purchases, CoreLogic research finds For a long period of time, investors had a much larger market share, but LVR III (40% deposit) dampened their activity from October 2016 and meanwhile FHBs have slowly and surely kept raising their presence. Continue →
Construction
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A New Zealand Construction Sector Accord was announced by five ministers, including Prime Minister Jacinda Ardern, signalling long-term commitment between government and industry to collaborate on key work areas for a healthy construction sector Government and construction industry leaders have signalled a shared commitment to transform New Zealand’s construction sector. Continue →
Property Trends
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The number of residential properties sold in February fell by 9.5% from the same time last year to 5,954 (down from 6,576) according to the latest data from the Real Estate Institute of New Zealand (REINZ) The last time sales volumes fell this much on an annual basis was 16 months ago. Continue →
Development
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Formal expressions of interest are now open for transformational developers to partner with council organisation Panuku Development Auckland to deliver a high-quality mixed-use precinct in central Takapuna Currently known as the Anzac Street carpark, about 6,000 sqm of land will be made available from mid-2020 for commercial, residential and retail development behind the main street shops on Hurstmere Road and alongside Berkeley Cinema. Continue →
Property Management
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A Capital Gains Tax (CGT) on residential property investors will do nothing to help the country’s housing supply, but would instead just push up rents and push out many professional property managers, says one New Zealand real estate boss “The Government has rightly said it will keep farmers and small business owners top of mind, but it also needs to carefully consider property investors who are crucial to the country as well,” says Ryan Mitchell, National Manager of Century 21 New Zealand. Continue →
Commercial
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Commercial property investors in Wellington remain positive about the market despite the potential impacts of a proposed capital gains tax The latest quarterly Commercial Property Investor Confidence Survey by Colliers International reveals that buoyant business conditions are providing a positive environment for commercial property, with strong demand for all businesses servicing the domestic market. Continue →
Property Management
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Time is running short to meet new insulation requirements for rental properties, and a national expert says landlords need to act now or risk running out of options Owners face spot checks and fines of up to $4,000 if their rental properties are not insulated by 1 July under new regulations. Continue →
Construction
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The world’s best unbuilt or incomplete projects have been celebrated at the 2019 MIPIM Architectural Review future project awards By Ted Tabet first published by The Urban Developer Now in its 18th year, the awards are the only competition exclusively celebrating excellence in unbuilt or incomplete projects across a range of different categories. Continue →
Property Trends
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Things look good for both residential and commercial property in New Zealand, despite the potential impacts of a proposed capital gains tax, new Colliers International research shows Residential property price growth expectations remain broadly positive, even after the Tax Working Group’s proposal for a wide-ranging capital gains tax.  Continue →
Commercial
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Auckland and Wellington office landlords will hold the balance of power this year, while tenants will likely have more room for negotiation in Christchurch’s office sector, says Colliers International’s Director of Research and Communications, Chris Dibble Dibble says in Auckland, there is strong tenant demand, a shortage of available office space across the region and static net supply created from a development pipeline keeping pace with ongoing stock reductions from refurbishments and conversions. Continue →
Training & Management
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It was a big night for two North Island towns at the Annual Awards Gala Dinner in Auckland, where Century 21 New Zealand has announced its real estate winners for 2018   Roger Webb of Century 21 Premier (Turangi) was named Top Salesperson for the Year for Units (the number of properties listed and sold). Continue →
Property Trends Commercial property investor’s net income down prior to major development phase in Auckland.
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January saw 14 out of 16 regions experience annual increases in the median price for residential properties, including 5 new record median prices, while Auckland and Canterbury saw prices fall, according to the latest data from the Real Estate Institute of New Zealand (REINZ) The national median price for residential properties increased by 5.8% from $520,000 in January 2018 to $550,000 in January 2019. Continue →
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