Author Curreen

Property Trends
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The median house price for New Zealand rose 1.8% in March 2018 to reach a new record high of $560,000 up from $550,000 in March 2017, according to the latest data from the Real Estate Institute of New Zealand (REINZ) Median prices for New Zealand excluding Auckland increased by 6.2% year-on-year to a record high of $460,000. Continue →
Opportunity
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The Waldorf Stadium Apartment Hotel in the heart of Auckland CBD is on the market for sale through Colliers International Hotels and CBRE Hotels The 178-unit strata title development is to be sold subject to a new 11-year performance lease underpinned by guarantees from Japanese serviced apartment conglomerate Daiwa House Group, which had a market capitalisation of US$19.150 billion as at December 2017. Continue →
cities
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Urban renewal is breathing new life into often neglected parts of cities worldwide, transforming under-utilised and disused areas into spaces that meet changing population and cultural requirements With 70 per cent of the world’s population predicted to live in urban areas by 2050, the number of major scale multi-billion-dollar projects are on the rise. Continue →
Property Trends
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A housing development with onsite amenities in Albany is finding favour with Generation X, says McConnell Property General Manager, Nigel Richards Point Ridge in Albany is a master planned community comprising 139 terraced homes/villas, four apartment blocks, two resort style pool complexes and a gym/community area Of the 21 homes remaining for sale at Point Ridge, there has been particularly strong demand from Generation X buyers. Continue →
Construction
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New Zealand’s property and construction industry are going to be particularly short of skilled workers this year, according to a survey by global recruitment specialists Michael Page With a rebound in building permits at the end of 2017, and the government announcing its commitment to building 100,000 homes across the country in the next decade, continued unprecedented levels of demand for construction professionals in project management, quantity surveying, design and architecture as well as professional engineering are very likely. Continue →
Commercial
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The CBD retail strips in Auckland and Wellington remain tight but rents are static as retailers wait for the right spaces to become available, Colliers International research has found The latest Colliers Essentials research reports provide a snapshot of the retail real estate markets in the North Island’s two largest centres. Continue →
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