Author Curreen

The number of residential properties sold across New Zealand increased by 15.5% year-on-year – the highest number of sales in five months according to the Real Estate Institute of New Zealand The number of properties sold nationally increased from 5,880 in October 2017 to 6,791 in October 2018 – an increase of 911 houses. Continue →

Enhanced telecommunications connectivity, data insights, digital planning practices and innovation districts are among the issues addressed in a new standard of practice released by the Smart Cities Council and Green Building Council of Australia Released as part of the recent Smart Cities Week Australia in Sydney, the Code for Smart Communities is a new benchmark for urban development practices across greenfield communities, urban regeneration precincts and diverse institutional campuses. Continue →

Digital planning tools are on the cusp of systematic adoption by councils and metropolitan planning agencies around the world looking to do away with long-standing inefficiencies through data-driven city planning That’s according to a new research report released the Australian Housing and Urban Research Institute (AHURI), blockchain technology has the potential to dramatically transform the built environment and the social and private housing markets over the coming decades. Continue →

A booming tourism sector coupled with an extended period of hotel undersupply have resulted in some of the tightest market conditions experienced in Auckland’s CBD hotel sector, according to Bayley’s latest Marketbeat research newsletter Performance metrics are exceptionally strong and look set to stay this way especially as the central city plays host to a growing list of major international events over the next few years including the America’s Cup and the APEC summit, both in 2021. Continue →

The 4.5-star Waldorf Stadium Apartment Hotel located in the heart of Auckland CBD has sold to Australian-based Mulpha Group Colliers International and CBRE have announced the sale off the back of an international sales campaign that yielded multiple investors wishing to take advantage of New Zealand’s current tourism boom and strong hotel market fundamentals. Continue →

The sales of two central North Island hotels in recent weeks have highlighted the strength of New Zealand’s regional tourism economy amid the country’s ongoing tourism boom One of the largest hotels in Palmerston North, the Hotel Coachman, has recently sold to the Distinction Hotel Group, while the Skotel Alpine Resort in Tongariro National Park has also sold to a local investor. Continue →

Prime office rents in Auckland’s CBD are expected to rise by up to 5% a year until more supply becomes available in 2020, according to new forecasts The latest Colliers Essentials reports offer snapshots of the CBD office markets in Auckland and Wellington. Continue →

The low number of new listings in July meant the number of houses sold in New Zealand during September decreased by -3.0% year-on-year This was the lowest level number of properties sold since January this year, according to the latest data from the Real Estate Institute of New Zealand (REINZ). Continue →

The impact of rail infrastructure developments to drive real estate investment and development is being dramatically demonstrated in Australia New South Wales is in the midst of an unprecedented period of infrastructure spending, with a nearly $90 billion pipeline accounting for a record 17.7% of total budget spending over the next four years. Continue →