Author Curreen

Housing
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We have learned a lot from Cyclone Gabrielle, and developed good policies and guidelines as a result, but some aspects of the Building Act still need to change to put them into practice, says University of Auckland Associate Professor Martin Brook One year on from the devastating Auckland Anniversary storm and Cyclone Gabrielle, many stories of misery and financial disasters have emerged. Continue →
Property Trends
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The housing market’s slow but steady recovery continues, with all bar one of New Zealand’s main centres recording an increase in average house prices this last quarter, QV’s latest figures find   The latest QV House Price Index for January 2024 shows the average home increased in value nationally by 2% this last quarter to $925,461, representing a faster rate of growth than in the three months to the end of December, but still slightly slower than in October and November. Continue →
Commercial
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Prospective purchasers and vendors have continued to move closer in their price expectations during the past six months, Colliers New Zealand Chief Executive Gareth Fraser says Following the slowdown experienced in 2022 and 2023 the signs are pointing towards increased sales volumes in the coming months. Continue →
Environment
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Feedback is being sought on a proposed international standard for the evaluation and documentation of greenhouse gas (GHG) emissions across a building’s life cycle Published by ASHRAE and the International Code Council (ICC), Standard 240P – Quantification of Life Cycle Greenhouse Gas Emissions of Buildings will provide a methodology to quantify the embodied and operational GHG emissions associated with buildings and their sites. Continue →
Property Trends
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The Real Estate Institute of New Zealand’s (REINZ) December 2023 figures show a notable increase in sales activity, median prices lifting, lower days to sell, and a clear sense of more confidence overall (year-on-year), Chief Executive Jen Baird says December showed that the trend of steady improvement in property market activity has set in thanks to interest rates stabilising, the new Government announcing more details of its plans, and the arrival of the more active months in the property cycle. Continue →
Construction
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After a period of rapidly rising costs in the building sector, pressures on supply chains and capacity are easing and the annual growth in residential construction costs has reduced to the lowest level in around seven years CoreLogic’s latest Cordell Construction Cost Index (CCCI) recorded a 0.8% rise in the fourth quarter of 2023. Continue →
Housing
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A Capital Homes build at Paerata Rise has taken first place at the 2023 Registered Master Builders Awards, while five other build partners on the South Auckland development placed within the top 100 Out of nearly 300 entries across nine regions across the country, this is the most build partners placing this high amidst any other developments in the nation. Continue →
Commercial
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Developer Precinct Properties has officially opened One Queen – the Deloitte Centre, at Auckland CBD’s Commercial Bay Anne Urlwin, Precinct Chair, officiated the opening at a ribbon cutting ceremony following a dawn blessing with Ngāti Whātua Ōrākei. Continue →
Property Trends
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November has brought the expected lift in the number of properties coming to market and a significant increase in the number sold – a sign of positivity returning to the market, REINZ Chief Executive Jen Baird says November continues the trend of slow and steady improvement in property market activity now that the country is past the election, and we head into more active months in the property cycle. Continue →
Housing
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While the new government puts the brakes on light rail in Auckland, Sydney is steaming ahead with its new 24-kilometre metro line and is making plans for extra stations to encourage tens of thousands of new houses Contruction of the Sydney Metro West started in 2020 and when completed in 2032 it will connect Greater Parramatta and the Sydney CBD. Continue →
Construction
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The Commerce Commission has filed criminal charges against two construction companies and two directors for alleged bid rigging of publicly funded construction contracts The charges follow a Commission investigation into allegations that the companies and their directors colluded to rig bids for infrastructure projects in Auckland.  Continue →
Rental
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New data reveals rental growth is running at historically high levels, hitting 6.1% in the year to October, roughly double the long-term average growth rate, CoreLogic NZ Chief Property Economist Kelvin Davidson says A number of factors are contributing to the surge in rents, including wages growth and an imbalance between supply and demand. Continue →
Commercial
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JLL explores how the office, industrial and retail property markets have been tracking over the last quarter and what we can expect going forward Industrial The strength of the industrial markets across Auckland, Wellington, and Christchurch continues through the third quarter of 2023. Continue →
Materials
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The requirement for Government agencies to select woollen fibres over synthetic alternatives in their buildings is significant, but has the potential to benefit sheep farmers overseas at the expense of their New Zealand counterparts, Bremowth Chief Executive Greg Smith says Latest data shows the Government is New Zealand’s largest property owner – with over 16,000 buildings valued at over $31bn. Continue →
Housing
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Though National u-turned on its bipartisan agreement with Labour on the Medium Density Residential Standards (MDRS), there is a way it can be salvaged whilst winning the ACT Party’s support in the process, writes Yes In Our Backyards co-author Marko Garlick National’s alternative policy, a ‘30 years of growth’ housing target, is ambitious but has already been criticised as hard to define and police, and would likely take years to implement. Continue →
Property Trends
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Local agents are reporting a lot more activity across buyer groups, while vendors are willing to be realistic with their price expectations, reflected in October’s median house price, REINZ Chief Executive Jen Baird says Across October, the Real Estate Institute of New Zealand (REINZ) reported an increase in sales activity, a rise in property listings, decreased time to sell, and an overall sense of growing confidence in the market compared to the previous year. Continue →
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