Author Curreen

Property Trends
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Increased environmental compliance has required greater preparation by sellers and more due diligence by buyers, pushing out traditional selling times, REINZ Rural Spokesman Shane O’Brien says Data released by the Real Estate Institute of New Zealand (REINZ) shows there were 166 fewer farm sales (-32.0%) for the three months ended December 2022 than for the three months ended December 2021. Continue →
Commercial
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Investors looking to recalibrate their assets during the middle stages of the year could spark increased activity in the commercial property market, Colliers New Zealand CEO Mark Synnott believes Buyers who have been active during the Covid-19 era may look to review their portfolios as a volatile interest rate environment causes capital challenges. Continue →
Property Trends
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In 2022, national house values saw their biggest drop in 15 years according to Quotable Value, which says there could well be a few more bumps in the road ahead   The latest QV House Price Index shows home values fell nationally by an average of 10.3% last year – now confirmed to be the largest drop in more than 15 years and a stark contrast to the previous couple of years. Continue →
Rental
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New investor tax policies, increasing interest rates, the reintroduction of loan-to-value ratios and stricter lending criteria have dampened investor appetite, REINZ’s latest report reads The Waikato is Aotearoa New Zealand’s fourth largest region home to 9.5% of our population — only expected to grow. Continue →
Housing
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The average cost of building a home in New Zealand’s main centres increased by 11.3% last year, but QV CostBuilder data indicates the rate of increase is now slowing In QV CostBuilder’s price update in December, more than 51,500 rates were updated, resulting in an 11.3% yearly increase in the cost to build a standard three-bedroom home. Continue →
Property Trends
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CoreLogic’s Best of the Best Report reveals the suburbs with the highest property values, fastest selling houses, best rental yields and much more The New Zealand property market has experienced a bigger downturn in property values and sales volumes than expected in 2022, CoreLogic’s annual Best of the Best report reveals. Continue →
Property Trends
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Property market activity remains subdued as rising interest rates, access to finance and concerns around the economy are fueling uncertainty, REINZ Chief Executive Jen Baird says Market activity through spring has been subdued and median prices continue to soften as buyers remain hesitant, according to the latest data and insights from the Real Estate Institute of New Zealand (REINZ). Continue →
Commercial
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JLL provides property insights into how the office, retail and industrial markets are faring within New Zealand’s biggest cities Office With workplaces shifting focus to building the office of the future to help attract and retain top talent, what markets are providing opportunities for investors? Continue →
Facilities Management
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The uptake in hybrid and remote working is drastically affecting CBD occupancy levels and complicating the allocation of resources, maintenance and utilities as worker patterns become harder to predict, says Bentley Systems Regional Executive Fergus Dunn This new way of working impacts the physical landscape in which we work, as well as the factors that contribute to this environment. Continue →
Property Trends
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While New Zealand’s housing market downturn continued to ease in the past month, the Wellington area still appears to be outpacing the other main centres, CoreLogic NZ Head of Research Nick Goodall says CoreLogic’s House Price Index (HPI) shows property values fell -0.6% in November, less than half the rate seen in October (-1.3%). Continue →
Commercial
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Kiwi Property’s new six-level office and medical development in Auckland is moving forward at pace, with the exterior complete and two thirds of the building’s 7200sqm space committed or under negotiation The $63 million project is the second commercial development at Sylvia Park, following the launch of the award-winning ANZ Raranga. Continue →
Property Trends
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While many homeowners are troubled by interest rates heading north, for now they’re not out of the ordinary when reviewing past decades, with a serviceable mortgage still attainable, says Century 21 New Zealand Owner Tim Kearins Historically, six or seven percent rates have been about the average for Kiwi borrowers, and that’s where the one and two-year rates currently sit. Continue →
Engineering
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ICD Property, the Australian developer working on Auckland’s tallest tower, has decided to exit the project, listing it for sale just months after winning approval ICD managing director Matt Khoo said the developer had decided to sell its first international site to allow it to pursue other projects in Australia. Continue →
Housing
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The Government has introduced two of the three bills meant to replace and simplify the Resource Management Act, but skeptics are not sure what it will do for the housing crisis The development community remains in the dark as to how the new system will be governed, funded, or practically implemented by those at the coalface, says Property Council New Zealand chief executive Leonie Freeman. Continue →
Construction
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The building industry is prepared for the coming increase in demand for ‘Low E’ glazing as new thermal performance requirements are phased in across the country, Window & Glass Association of New Zealand Chief Executive Brett Francis says Clause H1 of the New Zealand Building Code, which regulates the energy efficiency of buildings, was updated in November last year and the first phase of implementation began on Thursday 3 November. Continue →
Property Trends
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Despite property values dropping less than before, future increases to the Official Cash Rate will likely shoot down any optimism in the housing market, CoreLogic NZ Head of Research Nick Goodall says The housing market downturn slightly eased in October, with values falling by -1.3% over the month after tracking down -1.5% in September. Continue →
Housing
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A new investment partnership aims to build up to 100 new houses in Te Taitokerau, Associate Minister of Housing (Māori Housing) Peeni Henare says The Government is working with Te Pouahi o Te Taitokerau (a collective of Northland based Māori housing service providers and supported by Northland iwi, hapū and Ahu Whenua Trusts) to fund a prototype delivery model that will see 80-100 affordable rental homes and up to 110 infrastructure sites by 30 June 2025. Continue →
Residential
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A significant proportion of ‘insured’ residential property owners may not have sufficient insurance cover to rebuild their home in the event of total loss, new research commissioned by CoreLogic suggests A new survey commissioned by independent property data and analytics provider CoreLogic NZ is giving detailed insight into New Zealand’s established problem of home underinsurance amid high construction cost inflation, rising insurance premiums, and wider cost of living pressures. Continue →
Development
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Developers need to get it right for the very start if their build-to-rent projects are to have a chance of success, says a leader in the sector in Australia Build-to-rent’s meteoric rise as a development strategy and model is continuing as developers look to shift into the space and find ways to make their projects succeed. Continue →
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