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 →

Auckland CBD’s office market has reached a pivotal moment, with the prime vacancy rate decreasing for the first time in three years to 3.5% Conversely, after a significant period of decline, secondary vacancy climbed to 8.1%. Continue →

Spring may have come early for the Auckland property market, with the first median house price increase in six months Latest data from the Real Estate Institute of New Zealand (REINZ) reveals a 1.4% rise in Auckland prices to $852,000 in August. Continue →

Green buildings aren’t just better for the environment and cheaper to run – there are also clear occupancy benefits for commercial property landlords and investors Colliers International’s latest monthly research report has found green buildings in Auckland and Wellington have higher occupancy rates than office properties in general. Continue →

  House prices across New Zealand have continued to rise in July with a 6.2% increase year-on-year with a median price for the country of $550,000 according to the latest data from the Real Estate Institute of New Zealand (REINZ) For New Zealand excluding Auckland, the increase was even greater with an 8.6% annual increase from $419,000 to $455,000. Continue →

Winter impacted real estate sales volumes across the country in June but has done little to halt price rises in most regions, according to the Real Estate Institute of New Zealand In June the median price across the country rose by 5.7% to a record-equal median of $560,000 up from $530,000 the same time last year. Continue →

The $23.3 million sale of a seven-storey commercial building on Auckland’s K’Road shows offshore investor appetite for CBD properties with solid fundamentals remains strong The sale of 75 Karangahape Road is the third substantial Auckland CBD transaction involving overseas buyers within the last month. Continue →

Confidence in New Zealand’s residential property market is now higher than before last year’s election, with house price increases expected in every market surveyed Colliers International’s latest quarterly Residential Property Market Outlook Survey found overall sentiment in the residential property market has continued to track upwards this year, gaining 8 percentage points in the last quarter. Continue →

A year-on-year price increase of $27,000 has seen New Zealand achieve a new record median house price of $562,000 – a 5.0% increase – according to the latest data from the Real Estate Institute of New Zealand (REINZ)   Median prices for New Zealand excluding Auckland increased by 5.8% annually to $455,000, up from $430,000. Continue →

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The number of properties sold in April 2018 across New Zealand increased by 6.6% compared to the same time last year, according to the latest data from the Real Estate Institute of New Zealand (REINZ)   Some 6,368 houses were sold across the country in comparison to 5,973 in April 2017, marking the highest year-on-year increase in the real estate industry in 23 months. Continue →

Colliers International’s March quarter surveys on Commercial Investor Confidence and House Pricing were significantly more positive than the December 2017 surveys, back up to around September 2017 levels Overall Colliers Commercial Confidence index, countrywide, rose from 18 percent in December 2017, to 25 percent in March 2018. Continue →

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 →

Auckland’s new apartment market dropped by 30 per cent during the second half of 2017, Colliers International research shows Pete Evans, National Director of Residential Project Marketing at Colliers International, says the prolonged election period caused a downturn for the entire Auckland residential market. Continue →