Author Curreen

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 →
Training & Management
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A Waikato construction company has won one of four major national prizes in Xero’s inaugural Beautiful Business Fund and will be using its $20,000 prize money to train staff for an earthquake strengthening project next year Xero, the global small business platform has awarded four New Zealand small businesses and non-profits a share of the $750,000 global prize pool as part of the inaugural Xero Beautiful Business Fund. Continue →
Industrial
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Record-low vacancy rates in the country’s leading industrial precincts have led to significant rental growth and a surge in development, but higher interest rates, inflationary pressures, and a cooling economy pose some potential headwinds to the sector, Colliers reports   Historically low vacancy rates The latest industrial vacancy survey by Colliers Research in Auckland confirms the sector’s robust occupier fundamentals. Continue →
Design
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Studio DB’s work for Ngāti Hine Health Trust has received a coveted Bronze Pin at the 2023 Designers Institute of New Zealand Best Design Awards and is a finalist in the 2023 Interior Awards The Best Design Awards is an annual showcase of excellence in graphic, spatial, product, digital and motion design along with three special awards – Value of Design, Public Good and Toitanga. Continue →
Property Trends
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The volume of potential offshore buyers interested in New Zealand properties is continuing to grow, luxury real estate agent Caleb Paterson says, with one planning to invest $50 million into the country once National’s foreign buyer policy is implemented Word is spreading around the world about the proposed change to Government policy and the wider economic benefits of a post-election influx of wealthy migrants could be far greater than the revenue from the 15% foreign buyers’ tax. Continue →
Property Trends
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REINZ’s September 2023 figures show more activity in the spring property market, with prices stabilising, sales counts rising and properties selling in fewer days, Chief Executive Jen Baird says September shows the ‘green shoots’ from previous months are continuing to grow.  Continue →
Property Trends
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While the market remains largely flat overall, with the average home value increasing by just 0.9% in the September quarter to $899,256, the latest QV House Price Index shows small green shoots of recovery spreading throughout much of the country   Twice as many of the main urban centres we monitor experienced positive home value growth in the September quarter than in the August one, with Invercargill (3.2%), Auckland (1.6%), Wellington (1.5%), and Queenstown (0.9%) heading a list of ten. Continue →
Housing
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While the New Zealand housing crisis is not over and higher interest rates are leading to lower house sales and new consents, a positive story is emerging in the burgeoning Build to Rent sector, Better things are possible’s Malcolm McCracken writes The Ministry of Housing and Urban Development defines Build to Rent housing as “a type of medium to high-density residential development, specifically built to provide long-term rental housing.” Continue →
Rental
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Public housing tenants have higher levels of wellbeing than private sector tenants, similar to that of owner-occupiers, new research finds Released by Motu Research, the findings show length of tenure in a person’s current house explains much of the difference between public and private tenant wellbeing. Continue →
Property Trends
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In an analysis of 924 suburbs throughout the country, 269 of them saw values rise over the three months to September, more than double the number of suburbs where values increased over the three months to June, CoreLogic NZ Chief Property Economist Kelvin Davidson says Signs of a turning point in Aotearoa New Zealand’s property market are on the rise as a growing number of suburbs record an increase in home values over the past three months, CoreLogic NZ’s interactive Mapping the Market tool indicates. Continue →
Housing
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A 0.75% tax on urban residential land as proposed by the Opportunities Party (TOP) to help fund income tax relief could come with the added benefit of helping solve New Zealand’s housing shortage The value of land is collectively and publicly created, Strong Towns’ Rick Rybeck writes. Continue →
Property Trends
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Seller confidence is returning and we can expect a more normal spring ahead for the property market, REINZ Chief Executive Jen Baird says following the release of August’s statistics The Real Estate Institute of New Zealand’s (REINZ) August 2023 figures show continued optimism and further activity in the property market. Continue →
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